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?