9 Comments
 

100% research analyst (I don't think anything in DCM is at all relevant to equity research). Personally, I would probably take the research analyst job at family office over equity research at a BB. You might find you have great WLB at family office, very competitive compensation and opportunity to define your career there. These places can be pretty great gigs and might be considered an exit opp from ER...

 

Want to caveat this with it depends on what family office. OP has more details, so it is difficult to give advice here. Not sure what multi-family office means, but I would look into the structure of that. Also how much money do they run and are they investing directly? Some family offices are far bigger than most HFs and operate like an investment firm but with the benefit of having one client and steady capital. No one would turn down Michael Dell's family office for an IBD or ER role...

DCM to buyside seems tough IMO. I imagine you would have to do 2 years, move to IBD, then try to make the jump.

 

Equity research is a “dead end career”? Many banks particularly MM are expanding their coverage and as far as W/L balance. There is steady career progression within the sell-side from JA to associate to VP level associate. Good HF and high CF position exit ops and pretty easy to lateral between banks. I’ll also also take a normal workday, minimal weekends outside of earnings, a much more laid back office/managing directors for 30-40k less bonus than IB. Base for analysts and associates is the same as IB base at most banks and the lower ER bonuses are easily worth the actual life you can live outside of work.

 

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