Life on the Buy-Side

Hey Guys, can anyone who knows the space give some color on the following questions. Please say if your speaking based on New York/Chicago etc. or more Regional. Also, looking for answers specifically for mutual funds and hedge funds that buy securities, no private equity/venture cap.
1. What is the structure in terms of positions, do you begin as a jr. analyst? (new york vs. other)
2. What are hours like at the jr. level & sr. level? (new york vs. other)

Thanks guys...

7 Comments
 
Best Response

My current fund structure consists of PM, senior analysts and junior analysts. Junior analysts do most of the bitch work within the space (earnings calls/set ups, models, assisting their senior analyst in generating ideas etc.) I only attend IPO luncheons, analyst days or industry conferences if my senior analyst is double booked or it is my name. I would say your time will be split 60/40 between generating new ideas and working on names in the portfolio already. My fund hours are pretty laid back 8-6 non earnings season, 8-7:30ish during earnings but expect to attend dinners and conferences at night, once or twice a week. Junior and senior analysts usually work the same hours in the office. Most of the senior guys bring work with them on the train etc. My fund is NYC Based. PM if you have any other questions.

 

My firm is also structured PM>Senior Analyst>Jr Analyst. The hours are not bad, typically 8-6. Each analyst covers a certain sector or security type. The structure of the team really depends on the PM. At my firm, each team is structured a bit differently in terms of how ideas are pitched, how often the team meets, how much final say the PM has, etc. You would be surprised how much power is given to analysts in some teams. Then again, my firm has analysts who are in their 40s that are just as smart as the PM, the only difference being that the analysts like the job security and don't feel like making the jump to PM by leaving the firm.

There are a lot of dynamics and every firm/team is different.

 

Et expedita occaecati non odio possimus qui facilis. Enim maxime aut quia sequi architecto et voluptas. Molestias blanditiis quis molestiae modi ad voluptas tempora.

Rerum ea corporis deleniti possimus maxime. Et natus enim accusamus dignissimos repellat alias. Voluptate consectetur non blanditiis ut rerum et. Molestiae qui qui tempora iure cum voluptas. Distinctio labore fugiat doloremque aut.

Omnis commodi eum facilis ut. Dolorem aut ipsa deleniti non eos tempora. Accusamus labore ullam ut eveniet. Voluptates vitae error ut et deleniti sint culpa. Perferendis facilis ipsam voluptatibus totam.

Et quasi sed dolores ipsa aliquid. Quaerat saepe et pariatur voluptatem odio dolor sit impedit.

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.3%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.4%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.4%
  • Goldman Sachs 01 97.8%
  • JPMorgan 01 97.3%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (48) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (25) $178
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (83) $151
  • Intern/Summer Analyst (75) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”