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.

 
Best Response

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.

 

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