Economist at a bank?

Basically - what's it like, hours wise, comp wise, skills wise - does it feed into any competitive exit opportunities in other areas of finance? Is there a need for bank trained economists on the buy side?

Based on my background, emerging/frontier markets coverage is most relevant.

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Banks tend to have an econ group that does analysis and projection. These groups tend to be very academic. Then you have economists working in capital markets, usually as macro strategist, although it's common to move into FX or rates strategy as well since it's quite similar. The first group is not connected to capital markets in any meaningful way so I don't assume it's common to move to the buy-side. Quite common to see people in the second group move to macro funds or do asset allocation at institutional managers. My wife went through the 2nd path. Ph. D -> IMF / Fed -> sell-side research (macro & fx strategy) -> macro fund / asset allocation. Most people getting in macro research tend to come in after their masters though.

 

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