Retrenchment in Buyside?
Read alot about upcoming job cuts at IBs. Will buyside analyst roles in asset management houses or PWMs linked to BBs be affected by the current melt-down? Secondly, would it be a safe move to change job and switch to another asset management house under the current job market condition? Appreciate your views.
Anything financial services-related is going to be affected, bottom-line. There is no "safe move" really unless you want to start your own short-only hedge fund, that might actually be safer than taking a normal job these days (kidding obviously).
You cold argue that Asset Management/PWM might be a bit less affected than IBD but I wouldn't bet on anything... probably the safest alternative at the moment is to get into restructuring, that should be booming right about now.
I would be inclined to do the exact opposite (if i had to choose either one and not both) and start a long only HF. As we near the bottom there will inevitably be a reversion back to the mean and there is a lot of money to be made on the way up.
just curious junkbondswap, what makes you think we are near the bottom?
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