Pros: 1) better work/life balance, 2) high job stability, 3) more interesting work (no meaningless sell-side notes, less short-term trading mindset), 4) high risk-adjusted compensation NPV (narrower distribution tail but higher median)
Cons: 1) very limited promotion visibility, 2) less liquid job market, 3) potential need for MBA, 4) active public equity outflows only to exacerbate the first three here
Even after hundreds of studies confirming active long-only investing adds no value versus cost-free indexes (for like 95% of the scenarios), I still salivate over the better WLB-to-pay ratio vs the sell-side/pods...
How are people weighing the puts and takes today? For those pre-MBA, is it still worth it to gamble all that tuition for a chance at breaking into the top seats?
I agree ppl really do not think about the ultra low liquidity of the LO job market vs HFs and SS ER...
When you filter by coverage fit, we are talking about maybe a dozen open seats each year across the large platforms. And keep in mind literally each large LO is located in a different city lol.
If you want to pivot from Fidelity or Capital Group because of limited growth, prepare to move to Baltimore (if you are lucky).
Feel like there’s v little job stability esp if you’re at a subscale platform. Outflows / pressure on fees result in a reduction in headcount
The issue with all these public equity investing jobs is that while intellectually stimulating, most other industries won't understand nor value your experience.
As long as you don't get fired, great.
of course. equities will never go away assuming all companies in the world do not suddenly decide to go private
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