Ok, so first let me qualify this by saying that I don't know a ton about finance (so hopefully you won't throw monkey shit at me for this potentially stupid question) and have just begun self-studying the field in the past month or so.
I'm trying to put myself in a position to get a research analyst job on the buy-side. I've mainly been focusing onbecause it sounds like a good gig, is not too restrictive geographically, and seems like one of the major buy-side employers of research analysts, financial analysts, portfolio managers, etc. Recently, someone told me that I should also look for jobs at large corporations, as they have their own investment teams who invest pretty heavily (according to this person, they often invest more than a lot of AM firms). I had never heard of this before, I always assumed the only finance jobs at corporations were in corporate finance. I also assumed that these corporations just outsourced their investment decision making.
So, can someone explain this to me? Do most corporations have teams of in-house investors and financial analysts? Are these pretty good jobs in terms of learning, professional growth, etc? Are they more/less/equally as competitive as AM jobs? What are the exit opportunities?