Is IB Still A Good Place To Start A Career, If One's Career Goals Are AM Or Trading?
Eventually, I think I want to be a portfolio manager (and probably fixed income instead of equities) or potentially a trader. I've always just assumed that starting my career in IB didn't make much sense, because I figured the couple years of training as an analyst would not be particularly relevant for these careers. Am I right? Or is 2 years at an IB still a good option?
Generally, you are correct. Although IB does give a decent skill set for some different strategies (Merger Arb, Value investing, Credit trading (if you are in DCM or get a lot of exposure to debt during your analyst stint)).
In the end, it's a FO job so transfering within the bank is not out of the question and it can set you up with B-school if you need to get into another recruiting cycle
Perhaps it is the computer age, but people today (including myself at times) never look more than 6 months into the future and take into account, that what you do today does not mean you will be stuck doing it for the rest of your life.
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