Hi there,
my Qs are:
until what age do people tend to stay in ER? What are the aspects of those who are 45-50? what are the most common exit paths?
Thx for the info!
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1) There are people of all ages in ER. Some people move over to the research side after an extensive career in an industry that they then cover. Some have been in research since graduating from undergrad - it just depends on the person. People tend to stay in this business as long as they are adding value. If they no longer add value, they no longer get paid (as much), and they seek an exit or are booted. Some get tired of the politics and the hours and switch careers (see #3).
2) Those who are in the 45-50 age group are mostly veterans of either the industry they cover or come from the financial markets side (investment bankers or equity research veterans). Not sure what kind of "aspects" you are referring to, but people who get into ER are driven and very meticulous, analytical types.
3) The most common exit paths from sell-side ER is to the buy-side in portfolio management. Many also enter the industry they used to cover as executives.
One of the reasons you list for ppl leaving is the hours. Is there a better work-life balance in buy-side portfolio mgmt? What are the hours there?
Thank you very much for the info!
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