Why sellside when your long term goals are buyside?
I will start by saying that I am by know means active in the finance community yet because I am merely a sophomore, so please if this is a moronic question, bare with me. My question is this:
Why do so many bankers who want to jump into hedge funds and buyside rolls begin their career banking? I mean, wouldn't a jr research analyst or assistant PM position be a better way of gaining the fundamentals of the buyside? Is it primarilly the difference in compensation of analyst level banking positions that is the draw, or do hedge funds and large mutual funds really prefer ex-bankers? Also, if this is the case, why?
Also, is there an edit function to this forum?
Obviously rolls means roles, but a post edit would be nice
it is difficult to end up on the buyside straight out of undergrad. Going to banking for 2 years will give you the opportunity to join larger and more reputable funds than you might otherwise be able to join straight out of school.
Sellside helps build a skillset which is useful on the buyside/
There is an edit feature - look at the top right side of your post.
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