Sell-Side Research to LO

Hi, I'm a first year (about to be second year) fresh out of university in sell-side research at a BB. Additionally, I'm on an II ranked team (analyst is hall of fame II in their sector) and in a pretty good group (software/healthcare/FinTech/biotech), so good deal flow and frequent interactions with buyside. I get good exposure to clients etc and am enjoying the role quite nicely. That said, I would like to get into an investing role after another year or two. While I am interested in hedge funds, I'd ideally like to take a longer-term view with my investments as opposed to short-term at the Citadels/Point72s/Millenniums like most buyside exits from research. Can anyone offer any tips on making the switch to a LO? Another thought was that because I do well in my current seat and people move around at my bank, I was thinking of potentially trying AM within my BB? Any pros and cons vs banking AM (GSAM/JPAM) vs LO (Fidelity/Wellington)? For what it's worth my background is pretty decent (top target, decent grades, good client exposure on the sell-side, have had good reviews in my current role). Any insights would be appreciated as I know more people in banking, HFs, research, and S&T vs LO or BB AM.

2 Comments
 
 

Sit voluptatem vel et ipsam dolor nihil adipisci odio. Vero voluptatem ad non illum optio aut cupiditate. Qui labore dicta illo rerum odit voluptatem modi.

Et vel qui qui necessitatibus nemo exercitationem. Id quia debitis soluta recusandae aut nihil. Numquam at nam quis quaerat voluptatibus porro possimus.

Sint non magni itaque atque porro voluptatem. Ea voluptatibus ut sit aut veritatis. Omnis quae et architecto quam deserunt totam quos. Voluptatem magnam voluptas delectus optio voluptates at. Fugiat sunt quas repudiandae repellendus suscipit reiciendis excepturi. Est sed est molestias repellendus. Voluptas consequuntur sequi delectus sit expedita facere.

Et doloremque autem quisquam sint delectus occaecati. Voluptatum laboriosam minus fugit aliquid amet vel alias. Nihil excepturi eveniet accusantium quo et deserunt.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.2%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 01 98.8%
  • Evercore 01 98.2%
  • BMO Capital Markets 12 97.6%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.8%
  • Morgan Stanley 05 98.2%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (43) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (75) $151
  • Intern/Summer Analyst (67) $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

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
kanon's picture
kanon
99.0
4
Secyh62's picture
Secyh62
99.0
5
CompBanker's picture
CompBanker
98.9
6
DrApeman's picture
DrApeman
98.9
7
dosk17's picture
dosk17
98.9
8
Betsy Massar's picture
Betsy Massar
98.9
9
GameTheory's picture
GameTheory
98.9
10
bolo up's picture
bolo up
98.8
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...”