Any downsides of ER -> IB?
Besides the obvious factor of lifestyle, are there any downsides of leaving equity research for investment banking? From what I can see, exit ops that ER has seem to be open to IB, and IB seems to open up additional options in PE and growth equity. And pay in IB is reliably better, while most sell side ER bonuses are largely based on how the equities franchise did at the bank that year which is often out of the research department's hands.
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