Is researching companies the bulk of the job for analysts, whether in prop trading, asset management or equity research?
I understand that prop traders have to pay close attention to the specific timing/pricing of their trades, analysts in Asset Management have to pay attention to the diversification breakdown of their portfolio, and Equity Research Analysts only make 'buy/hold/sell' recommendations. But is the bulk of the job at the junior level for all three of these divisions basically researching potential stocks, closely analyzing their financial statements, etc.?
I don't know too much about it but I would guess prop traders spend very little (or no) time analysing financial statements etc....I am in IB though so don't actually know. Curious
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