The question say it all. Just to fill in my curioisity. Which of the opposite extremes provide a better long-term career path?
1) Join as Analyist at start of bear market. Volume is low, profit is scarse. But because of its relative "quietness" you learn more? Do you make money only from going Short & use of derivatives? Obviously profit goes down so bonus is sh*t.
2) Join at start of bull market. Volume is high, you make easy money, but as someone said earlier it's hard not to make money, so you learn relatively less. But money is good. Easier for promotion?
Not that you get to choose either, but in a hind-sight, what would provide a better enviornment for learning, and long term career path?