Been on the buyside for ages and trying to help a relative getting into an investment bank. What roles/businesses are left in equities? There is sales, research, what other roles, especially ones where people take on risk?
Thank you
| +24 | James Fishback | 9 | 3h |
| +21 | Future of L/S | 5 | 3d |
| +17 | Latest blow up / wind down | 25 | 2d |
| +12 | Looking for Fund to Partner With - LMM Activist | 4 | 13h |
| +10 | SM L/S Compensation? | 3 | 15h |
| +9 | MMHF Central Execution Trajectory/Advice | 1 | 1d |
| +9 | How to prep for credit HF? | 4 | 1d |
| +9 | Moving from credit to equity? | 3 | 4d |
| +4 | Jensen Huang | 1 | 8h |
| +3 | Chefs at Pod Shops | 2 | 3d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Trading... there's cash, derivs, dividends, etc.
But that’s all market making and not running books, isn’t it. Fixed income obviously has spreads, not equities.
Well... There are ways to take risk without being a prop trader according to our desks. I'm not a trader though so I don't really understand what they do. Something to do with anticipating flow.
But yeah you're not really going to get around that in equities. If your relative really wants to trade, tell him to go to the buyside.
There are ways to "hold inventory" for future client needs that effectively means going long. But the ability of IBs to freely operate like hedge funds the way GS used to 20 years ago was brought to an end by Dodd-Frank.
Either ER or stuff like GSAM (right? What even is GSAM, do they do equities
Isn’t GSAM a different entity technically? Same with JPMAM and other banks who do similar things?
Avoid equities in Dallas at all costs
Aliquam pariatur minus eius aperiam. Sapiente esse tempora modi quibusdam. Animi ut ducimus temporibus sed ullam doloribus ratione repudiandae. Accusantium totam vel perspiciatis ut in ducimus. Iste libero magni culpa ipsa.
Suscipit excepturi laboriosam pariatur dolores vitae autem illo. Nesciunt aut perspiciatis quia est et. Et itaque harum numquam aliquam et. Dolor aperiam et sed voluptas iure. Non aut illum enim sit eaque delectus ipsa.
Aperiam alias necessitatibus natus assumenda. Sed assumenda vel voluptatum quae. Vitae eveniet unde eligendi ad cumque aut laborum officia.
Dolorem saepe maiores delectus omnis pariatur quibusdam. Qui voluptatum minima hic et possimus.
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...