Pros/Cons of buy/sell side as a junior quant
Hi,
New here. So coming from a Financial Engineering background,with a year of not so relevant experience.
I have to decide whether to go for working in a smaller asset management firm with active investing, based on algorithms or go for a quant job on the sales side at a big local bank. Salary is similar, perks similar.
Anyone here who could list their personal experience/opinion of working buy-side/sell-side as a Quant.
There are a lot of different quant roles on the sell side. What would you be doing?
Mainly doing research for clients, from a more quantitative/technical view
What kind of research? What kind of clients?
Clients: mainly Institutional Research: analysis of local markets (risk premium, outlook implied from market) over several asset classes, equity, bonds etc.
Here's a pretty good http://www.markjoshi.com/downloads/advice.pdf</a">reference. Please give this a thorough read and maybe you'll find the answers you're looking for.
Thanks, I have read an earlier version of it. I guess there are much less buy-side quant jobs than sell-side, and those are mainly at hedgefunds.
$20 Billion is not small
i would suggest sell side (if its a BB like GS, MS, BofA, Citi, JPM, Barc, DB, etc...), you will learn more because those firms are just so large and have more resources, and you can always goto the buyside from the sellside later when you know more (are more valuable) for higher dollars.
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