Did you gain more valuable exposure to different investment styles and general industry knowledge or would you have rather just gone straight to buyside? Do you think it prepared you right or was just unnecessary?
| +21 | 3x SWE FAANG Intern -> Fundamental Analyst @ HF | 13 | 1d |
| +19 | AI/job update | 5 | 18h |
| +18 | Want out - next steps | 2 | 8h |
| +13 | Fund 1 8%, fund 2 5%, when will fund implode? | 6 | 8h |
| +9 | CorpDev -> HF? | 0 | 2h |
| +3 | Castle Hook Partners | 0 | 6d |
| +3 | Disclosed non public fund performance to a headhunter | 3 | 1d |
| +3 | Dragoneer | 1 | 2d |
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You get more exposure to pod shops and faster money as clients, they just pay way more commissions so sell-side ends up bending over backwards for Citadel, Baly, MLP and P72.
My sell-side analyst is strong on industry knowledge, so I gained industry / product knowledge for sure. I think it's unnecessary, but there are other factors: eg. how long are you willing to wait for the perfect buy-side role (vs going with a sell-side role to get paid while waiting), how confident you are about adding value on the buy-side on day one, etc.
Despite my view, most buy-side still source talents from ER and IB because they don't want to train juniors on the basics.
Bump
In my case it was about getting the fundamental skills, developing a network, borrowing my sell-side shop’s cred, and having a seat where I could recruit for buy side gigs for a while and pick the right opp, not just the first opp that came my way. So I recommend, but every sell side seat and personal situation is different.
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