Undergrad to Buyside or Stick Traditional
Hi- curious about what the monkeys on WSO think about this. I've been told that buyside is where almost every IB analyst hopes to end up. I just recently received an offer for an investment group at BlackRock (which is, at least my impression, a buyside destination). Would you recommend taking this offer with BlackRock over doing the more traditional IB route. What are advantages to taking this offer/potential downsides I'm not thinking of? Will pay differ at all long term or will this help me bypass the traditional two years of IB work? Any advice welcome!
Sorry, can you be a bit more vague and make additional hasty generalizations?
What’re you doing at BlackRock? Vastly different strategies/personalities/pay. Personally I think a lot of the modern portfolio theory mutual fund management they do is boring and a mechanical statistics exercise at the end of the day vis a vis direct investing in individual assets but to each his own. You’ll earn a ton less than you would if successful at a hedge fund or PE but you also have more job stability. Tbh I’m allergic to the passive asset manager personality but ymmv.
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