Can someone please briefly explain to me the various fields within finance?
I am a newcomer to the world of finance and am still trying to figure out the difference between fields like S&T, securities, equities, fixed income, IBD, buyside, sellside, asset mgmt, etc.
I'm assuming IBD is the hardest to break in and the most well-paid at the entry level... but could someone please explain to me how all of these fields differ in terms of job description, skills required, and compensation?
Thanks!
MOD EDIT: USE THE SEARCH FUNCTION
Man, if only there were a way to search this website (or even the whole internet!) for basic information that has been discussed before. Maybe one day
Buy-side: -Asset Management (inst investors, mutual funds, pension funds, HNW indiv) -Hedge Funds -Private Equity -Venture Capital -Prop Trading
Sell-Side: -Investment banking division (ECM, DCM, TMT, M&A, Lev Fin, Synd, Restr) -Sales & trading -Equity research
Other finance: -PWM (brokers, advisers) -Consulting -Corp Fin -Comm Banking -Real estate -Insurance -Ops -Audit -Accounting
http://www.wallstreetoasis.com/frequently-asked-questions-2#Industry
No...go google search those terms and come back with pointed questions.
If you go to his user page he has been starting retarded question topics for over a year now! I could spend over a year on this site in a language I don't even know and have at least some sort of clue whats going on.
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