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Does all Buy Side ER (Long Only) pay less than...-I have 4 years of experience doing Sell Side ER (currently at BB) and just cleared $175k all-in in my most recent year. -CFA Charterholder -I have been trying to make the move to the Buy Side for over a year now and just finally received an offer at a large, name brand Long Only (not in NYC) for... 3 months 5 days
Recruiting at Fido/Capital/T RoweHow difficult is it to get a seat at one of these places out of MBA? I assume they only recruit out of the M7 programs but even than, how long are the odds? I'm thinking about going back to school with the intent to pivot to a Top AM firm but I don't have a good grasp for the recruiting process.... 11 months 1 week
Best Buy Side ER firms to work forIn my estimation, 75+% of sell side ER associates (maybe higher on WSO) have grandiose visions of one day moving over to the buy side, be it L/S hedge funds or AM firms. The reality is that a majority of people will never get this option, but for those that do or are pursuing it, I thought it would... 1 year 6 months
Long-only research associate (pre-MBA) exit oppsTitle explains it but I am referring to associate roles that exist primarily at the largest asset managers/fund families for people right out of undergrad or with a few years of pre-MBA experience. Since it is typically very difficult to promote within, what do most of these associates do following... 1 year 7 months
Hedge Fund Interview Process TimelineBackground: I met a L/S multi-billion $ hedge fund PM at a conference, he told me he was growing his team and we exchanged info. I later did a phone interview, two in office interviews where I met with five people in total and performed an in office modeling test. I was finally asked to perform a... 2 years 2 months
ER Bonuses: 2013Created this same thread last year and it had a good response so thought it would be helpful to do it again. I get a sense that the street was down across the board this year but all of the focus is on IBD and not ER or S... 2 years 3 months
ER layoffs and expectationsRecently heard from someone in the know that all in comp in ER/S... 2 years 6 months
ER>Hedge Fund Success StoriesFor anyone who has successfully transitioned from ER (preferably sell-side) to a hedge fund, can you detail the process? For example, were you contacted or did you use a head hunter? What was the interview process like and what do you think pushed you over the top? Any and all detail would be... 2 years 12 months
ER Bonuses: 2012How'd everyone do this go around? I get a sense that the street was very tough this year but all of the focus is on IBD and not ER so there's very few data points. I think it's helpful to collect as much comp info as possible to understand the health of our business and also for people to know... 3 years 3 months
What % of your Class of 2011 friends are...Or are underemployed? Took a job at Starbuck's, bartending, etc. just to pay the bills? 3 years 7 months

Comments

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Interviewing CEO/CFOCapital allocation questions. "How would you allocate a dollar between growth capex, buy backs and acquisitions? What kinds of IRR's/ROIC's do you target?" Tells you 80% of what you need to know about them IMO. If they start talking about growth for growth's sake or say things like "I always feel... 1 month 3 weeks
Why do AM pay so much less than IB?There have been other threads on this but MBA recruiting for top AM shops is in a different stratosphere of difficulty than BB IBD. There is equal competition for maybe 10% of the jobs. When you factor similar pay, better hours and better career security, this seems obvious. The only possible... 1 month 3 weeks
Does all Buy Side ER (Long Only) pay less than...This is also a shop in Boston but not Fidelity. After thinking it over, I turned down the offer. My rationale is that I'm better off shooting for NYC hedge funds that will pay better and offer quicker potential to run money. At this long only, the next step would be analyst and making PM is a long... 2 months 4 weeks
Curious - Average age of ER AnalystI agree with 30-60 and average of 40-45. Occasionally late 20's guys will get coverage but usually it's just a handful of SMID names that banking wants covered. It's hard for young, new analysts to get respect from the sales force. See more young analysts at bucket shops because they're cheaper. 11 months 1 week
Thoughts on T. Rowe PriceWell respected. In the AM world it's at the top with Fido, Capital, BlackRock, Welly etc. Pay is probably comp to those places. As far as MBA it depends on what you do for them. If you're mid or back office than it won't help that much. If you're front office helping PM's research/pick stocks and... 11 months 1 week
Capital Group Equity Research Associate programWhat's pay like at cap group? 11 months 3 weeks
Sourcing ideas for stock pitchesIt doesn't really matter but my perception is that pitching a large/mega cap looks lazier, simply because there is so much more info on them. That sets the bar higher which isn't a good thing for someone who's inexperienced. 1 year 4 weeks
Sourcing ideas for stock pitches1) Pick a SMID cap so it's less likely the interviewer knows it well. 2) Choose a sector that you're generally knowledgeable about. This will limit the chance that you end up looking stupid. 3) Find a stock that has 75+% neutral or sell ratings from the sell side. Try to poke holes in the... 1 year 4 weeks
Models / Work From Past FirmThis is incredibly common. If it really bothers you, why don't you just ask him about it? And get thicker skin fast or quit. There's not a lot of intellectual honesty in ER. 1 year 2 months
How hard is it to break into AM/HF?Very hard. I would estimate that 80% of the sell side wants to make this precise move and of those, only ~10% will be successful. Top AM is the most difficult move because turnover is low and most spots are filled through MBA recruiting. L/S equity has higher turnover and more overall positions so... 1 year 2 months