For those of you in equities, I'm curious why you chose equities as I am interested in being an Institutional Equity Salesman. I really like equities and I also like equity derivatives. I personally like analyzing companies and getting behind the numbers so to speak. I like knowing immediately if I'm right or if I'm wrong.
Thing is, I also have been warned that going into equity S&T is not the best idea from a friend who is a 10+year veteran in finance and also some others on this board who say fixed income, particularly structured products is the best area to go into on the Institutional Sales side i.e. turning auto loans and credit cards into bonds, swaps, etc.
From a long-term perspective, do you recommend that I choose my heart, which is equities? Or do you recommend that I choose what may be the next "Internet boom" so to speak in terms of pay, but this area is new and so there's no telling where it will be in the long term and I plan to do Institutional Sales for the very long term?
Thank you.
always follow your heart
you can always make the transition later to FI.
Follow your heart. Having done both equities and fixed income, i'm shocked that you think equities are cooler.
Edit: I started in FI and moved to equities to round out my skill set. So it isn't that tough to move around.
Since when did institutional equity salesmen started analyze securities?
x2
Also, how do you know when you're immediately right or wrong in sales? I don't think you know what it is that you actually want, because it doesn't sound like sales to me.
Well selling equities seems like it fits more with my personality and interests and also equity derivatives are a lot of fun for me. Selling bonds tied to credit cards and car loans seems cool as well, but would take some getting used to. Thanks for the comments.
Keep them coming.
chase clam
heart
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