ER outlook
Been considering ER as a career path, but I keep stumbling on the idea that it's a dying industry, mostly because of the MiFID II unbundling rules that came into effect in 2018. Although MiFID II was not passed in the US, large global asset managers operating under it applied the unbundling rules globally, which hurt US ER firms. In the UK it seems the rules were reversed, or at least partially. As someone looking to enter ER, would it be better to do so in Europe, and will the industry see any type of resurgence (either in the US or Europe)?
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