Equity strategy career path - good to join as junior?
Hi all Have quick question on equity strategy. Am interviewing as associate to chief regional strategist (2-3 yrs exp in sector specific research roles before). - what's the typical career path and where do ppl end up after a few yrs in equity strategy? - do you need a quant degree to do well? Many thanks.
Equity Strategy - What roles do people take (Originally Posted: 02/02/2011)
What roles do people typically have before they go into equity strategy? Research, trading, sales, all the above? Or just straight through a strat pipeline
I did equity research and M&A before. Also wrote two theses, one on a stock market strategy. Overall, I don't think M&A really was that much of a prerequisite though. In the team I worked in, people who had previously joined were mostly from equity research or actually macro research (ie working as an Economist).
Short,
Everyone I know that works for our division's CIO either has done portfolio management, or has either a trading or research background giving them some insight to the markets.
I also know a guy that went from product management to trading to equity strat. I think if you can check the successful trader box, you should be good in a lot of cases.
Does anyone get into equity strategy straight out of undergrad as their first job? Not to give too much away, but I have the unique opportunity to start on that path this summer and thinking about career as strategist. Is ER or trading beforehand necessary? Should I opt for trading next summer instead?
Yes, that can happen. ER is helpful, but I really don't see why you would need trading. Trading doesn't have that much in common with investing, which is pretty much what equity strategy does. It makes a lot more sense the other way around, as you then understand how something might affect the markets and when to maybe take a proprietary position. If you have the option to go into it and want to do it, then go ahead. Nothing's stopping you. You can always try trading later on, although I wouldn't wait too long. Most people who go into trading join at a young(er) age.
Quod ut reiciendis earum vitae at aspernatur. Consequatur est voluptatem rerum accusantium itaque pariatur. Sed omnis delectus voluptatem praesentium officiis odit sunt.
Aut quam nulla aperiam minus dolorum illo non. Rerum qui ipsa perferendis sit recusandae. Harum itaque quidem consequatur voluptatum ullam consequatur sit. Quas vitae earum accusantium suscipit sint consequatur sint.
Enim molestias dicta qui occaecati molestiae. Voluptas et et veritatis voluptas numquam. Ipsam repellendus omnis at cumque non sapiente. Cumque veniam nobis nihil excepturi. Velit qui atque sint vel.
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...