The Ultimate Non-ER SS Research Guide

Can someone for the life of me please explain the structure/general description of non-ER research roles in most banks?

I.e, would fixed income research on sovereign debt and EM be under a fixed income group or a macro group? Is everyone in macro an economist? Or are there credit research people within Macro? Where does rates or FX research fall? If a bank doesn’t have a separate strategy group, does this mean that all strategists are under their respective asset classes? How come in II ranks under the fixed income list, the sectors names are HY strategy, sovereign debt strategy, cross-asset strategy, FX strategy + others. Like why would cross-asset or FX be in there.

Out of the abundance of info in this page, there is not a single thread addressing this clearly. If anyone can explain or try to put some structure on the groups/roles within them, you’d be doing the community a big one

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