I recently e-mailed an executive director at a prestigious i-bank that also has operations in asset and wealth management.
In my e-mail to him, I mentioned " I have a particular desire to work on the floor in fixed-income S&T and ultimately progress to buy-side money-management."
His response was:
"I would be happy to speak with you however let me give you some guidance here. If you are looking for a career on the buy-side (which I agree is the better place to be vs. sell-side) I would suggest you start your job hunt there; moving from sell-side to buy-side is tough and frankly doesn't make sense at your place in life, in my opinion. Also prepare to study for and take the CFA which is becoming a staple if you want to advance in theworld."
I was a little confused by this response. From my conversations from others in S&T, buy-side (, PE) seems to be the most common exit opp for traders and salesmen. Am I wrong or misinterpreting his message?