How good are analysts at Franklin Templeton
Hi got an offer for equitiy research at Franklin Templeton. Was wondering a couple of things
1. How does the firm compare in prestige to some of the large AM shops (Blackrock, Fidelity, Vanguard) and other prestigious shops (Capital Group, Dodge & Cox etc)
2. How does the firm compare in pay to the other shops?
3. What are the exit oppurtunities look like? Do people move around different ER shops over time, or do they move to HF PE
Bump, facing a similar issue
In response to 3, yes people can move around AMs. Whether they do or not depends on how comfortable they are and whether or not the firm allows for upwards mobility.
Moving to HF isn't unheard of but isn't as common as you'd think.
PE is a completely separate thing. Public equity research, buyside or sell side, doesn't really tend to exit to PE.
So do people working in ER mostly stay in ER, or what do exit oppurtunities look like. IR, Corporate Finance, etc...?
Yes, generally ER, or some sort of corporate role on the IR/strategy side are by far the most common.
I'm sure you can do other stuff, it's just not as direct a move.
Some hedge funds, esp their fundamental teams like ERs.
Dang you don’t deserve your role if you’re comparing them to vanguard who does not employ a single equity research analyst.
I asked in comparison to prestige
1. In terms of prestige Wellington, Fidelity, T-Rowe and Capital Group seem to be the most prestigious names. I think it's important to consider the specific role and coverage. Prestige is only part of what you should take into account.
2. I don't have any insight on this however judging by your title I don't think you're going to see a very meaningful difference between any large LO.
3. Typically LOs are the exit opportunity. If you do not like the role for whatever reason, a switch to another LO is the most realistic option. Beyond that HF/ER is a realistic exit. For reference Franklin Templeton is an Asset Manager that runs multiple long only (LO) funds. A Equity Research (ER) shop in most cases would be a bank like Goldman.
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