Which desks won’t be automated?
Hi all, I’m a college sophomore undergoing recruiting and a lot of the arguments I hear about not going into S&T and AM is that a large portion of roles are getting automated and that the industry is downsizing.
I am not really interested in equities, and am more interested in credit and macro - ideally I would want to go to a credit fund.
what desks should I aim for, especially if I’m in it for the long haul?
thanks!
SPG, EM credit and HY/distressed may be of interest
Tysm for the response! In your opinion, do those desks pay well/same as equities? I’ve heard equities funds pay way more than credit and macro, esp because macro is super volatile.
Credit is probably the furthest from automation. Highly recommend distressed/high yield credit trading (or desk analyst) if you’re interested in fundamentals or maybe EM credit for a more macro flare. Macro credit (credit indices/derivs) is great if you want something a bit quantier (also has most versatile exits to macro, quant, or credit fund). Idk what you heard about equity funds paying more, but that couldn’t be further from the truth
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