Buy Side Question
Hello, I recently got offered at a company called Federated Hermes. I know they’re a big company, and the job is research
Could anyone give ideas to whether this company is buy or sell side, if you’re familiar with it?
My goal is buy side research. I want to stay as far away from the dying sell side as much as possible
How did you get a job in research without knowing if it's buy-side or sell-side?
Federated is buy-side FYI.
Didn’t get a job. Applied and got a potential interview lined up. Opportunity was too good to pass up. I would’ve taken it even if it was sell, but it wasn’t preferred.
How do you know this also, that it is buy side?
Ok, you said "got offered" so i thought it's an offer. Got it.
How do I know? Experience.
Federated is buyside. Make sure you know whether for equities or fixed (if you care). They're mainly money market and fixed income managers, but I know recently started doing equities and ETF stuff.
Also if its in Pittsburgh and you get the job, hmu. grew up 10 mins away from main office and can give recs on food, nightlife, etc.
Buyside buys research, sell-side sells research. It is pretty much that simple.
I find it funny how you didn't do "research" for the "research" role you got a interview for LMFAO
Even a blind squirrel finds a nut once in awhile
Even an idiot like you who thinks IB is glorified somehow gets it
Not saying this to be harsh but if you can’t figure out difference btwn buy-side and sell-side and where Federated falls, you will probably not make it far in this process (much of the job in research is figuring out things on your own)… I would advise spending as much time as possible reading some of the longer/more detailed threads on the asset management industry on this forum before your interview
No idea how you’re supposed to know when everyone on this board is a glorified IB pig and won’t give any advice how to figure it out
What do you think the investing business is all about? It's about being resourceful and being a self-starter to go find the information, especially first-level information.
If it's Google-able, it's not a good question. Being a self-starter is not a skill that guarantees your success in the profession, it's the bare minimum.
Go to the asset management forum and sort by threads with the most replies and read the threads in first two pages. Also would recommend everything dickthesellsider has written on his blog
Btw.. probably not in your best interest to name the company youre interviewing with when your WSO username is your real name
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