From what I can gather... the work at the analyst level is quite similar within both of these divisions of an investment bank.
So if I am applying for a BB coming straight out of undergrad, would I have a better chance of landing an Asset Management or an equity research job offer in general?
And both are easier to break in than IBD, right?
(I heard that asset management is very hard to break into at the undergrad level...)
Thanks!
Asset management is not hard to break into, at least compared to ibd. All of the people from my school who don't get ibd get placed into AM. I don't know about ER but my 100% guess would be that it is harder than AM.
Depends what AM firm you are trying to get into. If you are looking at the biggest firms like Fidelity, or Wellington, those are definitely harder to get into than BB ER.
I am applying for either the AM or ER division of a bulge bracket.
Oh I see. I'm really not certain but I would think because ER is downsizing, it would be more difficult to get in.
don't count your chickens tho.. my buddy got into JPM IB for SA and got dinged from their AM division. really depends
Thanks packmate.
Anyone else with any input?
bump
Sell side ER is tougher to get into than AM and IBD out of undergrad (there is no structured hiring, teams are very lean, downsizing/continuous industry consolidation, it's a cost center, etc).
This - the fixed income research teams are even more difficult to get into - at least at my firm, all of them require prior modeling experience and markets knowledge due to the hybrid nature of the job and the lean teams.
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