Where do banks place Special Situations Analysts?
Where do the banks seat special situation analysts, cross capital structure, or other non-industry specific analysts? MS S&T has a special situation desk; is this standard or do some banks place in EQ research?
I'd like to do special situation or generalist work vs. industry specialization in equity research, but I'm being told that I have to lump in with the S&T group and then hope for the spot, which isn't ideal since I'd rather go to research if I couldn't land that specific desk.
Any insight would be great!