research
Transfer: Research Analyst (IB) to Asset Management Analyst (Buyside)
I want to transfer within my bank.
I am currently a 2nd year Analyst (out of undergrad) in Research inside the Investment Banking arm of my bank. I want to transfer ASAP to either the private bank or the asset management side of the bank.
Background:
I used to intern in PWM/Asset Management (high net worth accounts and foundations) few yrs back but diff firm. Brief stint on prop trading desk but unattracted to unidimensionality of trading 1 product. Wanted a deeper understanding of analyzing equity and fixed income investments, moved to research. Gained all I wanted from research, time to move.
Various Options:
1) contact HR to transfer (Note: have been known to tell manager ur pulling a fast one)
2) solicit internal contact within the private bank of my employer re transfer
Who Is The Worst Economist?
I love that Clusterstock is doing this thing. Isn't it about time some of these economists who were horribly wrong got called out for it? The title 'Economist' is lauded with such praise and reverence that we rarely stop to think that these guys could be totally full of crap. Being called one of the worst economists requires enough respect to get published in all the nation's major newspapers, magazines, business reviews, and academic publications, but also enough audacity to wildly claim that the 'The Housing Bubble' would be no trouble at all for the economy. Alan Reynolds was saying exactly that even as late as April 2008, amid the wreckage of the Bear Stearns collapse.
Research Third Party Rankings
I'm interested in hearing from PM's and AM types on this board on what third party rankings do you consider to be most relevant and bearing on to choosing which ER analyst to listen too. I know in the past that II rankings were King but ever since the Chinese wall the focus has been towards the Greenwich Survey as the business now has catered towards mostly hedge funds.
Also how do you decide on what firms are you going to execute your trades with? How much does the strength of the firm's research department play in? Some of my friends have been saying that you are entering a dying industry but I have also been hearing that given the sustained volatility in the market that research will have resurgence. Thank you for your responses.
engineer wanting to get into banking
quick summary about me:
engineering student, canadian university, did co-ops in chemical/oil & gas industry, interested in corp banking, credit risk, research.
i definitely do not have a resume glamorous enough for IBD, though i think it is acceptable. GPA in the mid 80s (my school doesn't do 4-pt system), with 2 70s in the past, which i hope isn't detrimental to my transcript. took a couple of finance courses. i'm not the president of X society or Y club, but i've been involved in extracurriculars (will try to get into bigger roles that develops skills). nothing special, but i started a community program at a local library (i deal with prospective U students, their parents... lots of presentations and Q&A to be done).


