I've been searching around .. perhaps not thoroughly enough, but I haven't really found an answer to something I've been trying to figure out. Basically, I'm curious how Mutual Funds fit into the whole finance/banking industry web...
Which catagory or segment do MFs make up mainly? What are similaries and differences to other banks? Hedge funds? VC's? I mean I understand the differences as business model, but from an employment point of view would an investment analyst at a MF be doing a very similar style job to an analyst at an iBank? Are mutual funds a place many people aspire to work (or lateral into?)
The reason I ask is that as an engineer, my recent interest in finance has been centred on ibanking almost entirely... but it turns out a very good friend of mine's father works at a mutual fund, and he is quite high up the ladder. This may very well be my best networking connection, but I'm not even totally sure what kind of work I'd be asking him to give me a shot doing!
anyways, thoughts, opinion's, and perhaps experiences are appreciated. I'm posting from my phone (at another summer job hehe) so sorry if this is in the wrong section, and for the horribly spelling etc.