Should I leave Equity Sales for client portfolio management at Blackrock?

Hi Guys,

Currently at a Top BB doing equity sales (just about to start my 2nd year as an analyst) and contemplating moving to BlackRock as a product strategist/client portfolio manager.

I love markets, investing, and client interaction but in equity sales the client interaction is not that rewarding i.e. most of it's via Bloomberg/E-mail and a bit on the phone with the odd lunch etc. There's also a new regulation called MAR coming in making it harder for us brokers to say anything at all that is not in a research report/give an opposing view if we do not agree with a call, meaning our ability to be entrepreneurial and creative is dwindling.

I have been looking at other opps and spoke with BlackRock in London and looks like they are keen for me to join as a Client Portfolio Manager (aka product strategist)

It seems I would have a lot more responsibility in the role whilst having more frequent client-facing interaction and still be immersed in the markets and give presentations etc.

I am also very keen to move to the US/travel for work (key focus right now) and feel this would be easier there.

Any thoughts on leaving a top equity sales for the buyside? Also, hate the topic but anyone know the comp at BR roughly for product strategists looking after the big funds?

Many Thanks!

 

It sounds like you want to be a Markets strategist and not a Product strategist. The roles are fairly different despite the fact that Product strategists are supposed to always keep up with the markets. In the end, you're being offered a sales role. Evaluate if that's what you want to do.

 

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