how to get into business

valuationGURU's picture
Rank: King Kong | 1,096

I will soon be graduating in about a year and a half, and am wondering on anything I need to prepare for to get into ER, such as series licesnes, CFA, modeling skills or what.
what would be most beneficial for me to acquire and sharpen up on?

Comments (12)

Jun 22, 2008

Take Level 1 of the CFA examinations when you are allowed to (last year of college). It helped me get into ER.

Jun 24, 2008

In order to prepare yourself for ER, I recommend that you resign yourself to the reality that there will be zero decent exit opportunities from that dept. You certainly won't be lateraling into any prestigious hedge funds or anything like that. Basically, you should treat it as a shit job to kill time between now and your MBA.

http://www.drmarkklein.blogspot.com/

Jun 24, 2008

Mark,

What would be the least worst exit opportunities for ER then?

Jun 24, 2008

The only exit opps are down. Down to the back office. Down to the retail side. There is no "up" in equity research. The best you can do is hold onto your job for dear life and hope you get into business school before they start paying them even less than they do today - they're already considered a cost center.

http://www.drmarkklein.blogspot.com/

    • 1
Jun 24, 2008

I exited sell-side research to buy-side. I could imagine hedgies could be an option too. I have also heard some are climbing up the sales&trading corporate ladder. Not sure where should I progress next, any pointers?

I'll have to agree though, that buy-side research doesn't offer a lot of value at the moment.

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Jun 22, 2008

Read some on Klein's posts, hes a douche.

Jun 25, 2008

exit options I have are prop trading, hedge funds, the buy-side in general and corp finance.

Jun 25, 2008

I left equity research to work in PE/LBO. Had interviews at several of the large-cap hedge funds before deciding that public equity wasn't my thing anymore. My guess is that either "mark klen md" couldn't hack it in finance, or should just stick to topics that he's knowledgeable about (obviously finance and medicine are not among them).

Jun 25, 2008

.

Jul 19, 2008

generally, how long out of undergrad would one have to remain on the sell-side of ER for a move to the buy-side (notably prop trading or hedge funds) to become feasible?

Jul 21, 2008

this depends on you. Sell-side research involves learning your industry under coverage extremely well and building relationships with buy-side clients. How you leverage these will determine when you make the jump from sell-side to buy-side.

Jul 21, 2008
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