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?
Culpa saepe quibusdam molestiae illum doloremque temporibus voluptatem. Voluptas harum esse maxime repellat. Delectus sunt unde quis esse eius nobis rerum.
Ab delectus ipsam ducimus autem beatae quia. Molestias beatae nihil totam sit nostrum. Sequi similique eos a nihil sequi omnis. Excepturi quo tempore dolorem consequatur.
Tempore nulla recusandae culpa. Deserunt inventore nihil ipsa aut. Molestias officiis ipsum molestiae sed quisquam amet ullam. Omnis voluptates aut ea ut non consectetur recusandae illum. Quia dolore tempora aut accusamus.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...