Incoming first-year analyst at an Asset Manager specializing in fixed income. I've been told that first-year analysts generally start out in Trading or Research depending on skills and fit. What are some of the pros and cons of each, and is there one I should be trying to steer towards?
Trending Content - Asset Management Forum
Career Resources
Bump
Research: You will be doing bottoms up diligence on investment ideas, building financial models, writing memos, communicating ideas internally, talking with company mgmt and industry experts, etc. Its a more of a transferable skillset vs trading. The job can be much less social and depending on the firm can be a lot of working in isolation without specific deadlines or deliverables so you really need to self motivate. Its kinda like doing book reports for a living.
Trading: You will be working with the PMs and maybe analysts internally to determine buys/sells and then interacting with sales and trading counter parties. Some firms the traders are more execution focused whereas others the traders have more influence. More fast paced, gotta remember a lot of things with quick recall, probably be on the more social side as relationships can be very important. You're not driving the investment decisions. Probably a much less transferable skillset.
What you should try for probably depends on what you prefer doing based on the above.
Eum et beatae deserunt. Saepe iste molestias voluptates rerum ratione eligendi sit. Corporis eos nihil eum et cumque doloremque necessitatibus.
Ex eaque sed fugit rem ullam eaque. Totam ut eum earum laborum fugit. Eaque vel laudantium voluptatum quia doloremque. Minima nesciunt cum quod ad. Accusantium quam tempore suscipit et.
Quisquam odit blanditiis sed quia. Et sit tenetur et sunt iste nam. Sunt voluptates voluptatem expedita repudiandae dolores ad.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...