The questions here are more about the future and existence of the industry itself and how the current experts see it growing/dying.
(Context: I am a 22-year old Indian guy with a graduation in business administration and zero experience in finance. In a recent discussion, I posted these questions to an ER veteran in one of those Q&A sessions; while he may or may not respond, I thought I should ask these questions straight away to the larger audience.)
- What's your take on the theory that in the very forthcoming years ER as an entire function will turn obsolete because of increasing Quantitative Research prowess on both the buy-side and the sell-side?
- Even if ER, in its traditional sense being conducted by humans, remains on the sell-side, do you see any worthwhile exit opportunities available for people in ER since the hedge funds are increasingly turning towards greater quantitative skills?
- Citadel founder Ken Griffin recently said in an interview that his firm still makes most of its money from good old stock picking. Do you believe this guy?
- A blanket question: 5 specific skills (not in the lines of 'communication' or 'team management', rather more specific/hard core ones like maybe programming, financial modeling etcetera) one needs to master in order to become a distinctly known ER guy, at least in one's home market/industry.