I'm great at research, but I want to make more money

ratul's picture
Rank: Gorilla | 609

Ok, so now what? I'm an amazing researcher. I'm covering my own stocks already as a first year, but I want more cash? Any thoughts on exit options or moving into a more quantitative/lucrative area? I have a reasonably quantitative background.

Comments (19)

Mar 21, 2007

You've been in your field one year, and your an "amazing" researcher?

What makes you amazing? You are probably not as good as you think - if this post is serious.

Mar 21, 2007

shockingly I'm very good. Promotion coming in 6 months and my bonus is wildly above average. Despite that, just assume for argument purposes, where do I go as an analyst to make more money, that would be ultimately more challenging?

Mar 21, 2007

You are a researcher with one year of experience. Now I want you to give strong consideration to what I just said. With your ONE year of experience, who do you think will give you considerably more pay given your limited work experience?

Pipe down buddy, and weigh your options. If you're looking to make 10-15K base by going to a different firm, that is a plausible option. 20K + , give yourself at least another year to think it over before before that may be a potential reality.

Whether or not you are planning to go to business school, by chasing the incremental salary raises at your age jumping from firm to firm and not seeing the big picture, you are in fact hurting your career prospects, your long-term salary goals and graduate school outlook.

"Cut the burger into thirds, place it on the fries, roll one up homey..." - Epic Meal Time

Mar 21, 2007

If you're that good at research, perhaps you should look to start investing your money. Literally put your money where your mouth is. Probably should get things cleared with legal/compliance first though.

Though in all seriousness, research really isn't a field with high salaries. You might want to do what you mentioned, switching to S&T or something if you're that concerned with salary. Your best bet is probably to stay for another year and make the switch as a second-year.

Mar 21, 2007

no need to get testy. I want to leave and make more money. Equity research hasn't challenged me enough to be honest. The cash sales look like they've never graduated high school.

Anyway, any suggestions to make more money? I'm thinking credit research, but that is boring. I'm thinking derivatives sales but that seems more mathy and probably boring.

I'm trying to find something as interesting as Equity research but with more money. I'm greedy, but who isn't?

Any reasonable suggestions would be nice fellas.

Mar 21, 2007

Thanks
Xistguru, I'll crack 100k my first year, but honestly, I'm looking to pull down high 6 figures at least, and frankly, unless I'm a top pharma guy, those days in equity research are done. Although, people keep telling me that because of hedgie's, it's making a comeback. Who knows.

Mar 22, 2007

Honestly, your best bet is to stay for another year, and try to move to the buyside at a hedgefund or something that concentrates on fundamental analysis.

Mar 22, 2007

Thanks. Any links on Hedge fund money/hours? Hopefully it is as interesting as ER, but with way more chedda.

Mar 22, 2007
ratul:

Thanks. Any links on Hedge fund money/hours? Hopefully it is as interesting as ER, but with way more chedda.

I love this post. This guy comes on here bragging about what a great research analyst he is and then demonstrates an inability to do his own research about hedge funds or have any idea what he is talking about. What a tool.

Stay in research, you obviously have a lot to learn. Or better yet, go become an investment banker, you might fit in better. We don't need people like you in research / hedge funds.

Mar 23, 2007

word. owned.

I'm just lazy and I do research all day. I can look it up but it's SOOOOOO much easier if someone's done the work for me!

Mar 26, 2007

Post us your best investment idea with brief bullet points

Mar 27, 2007

yeah, cuz that's a brilliant idea.

Mar 28, 2007

If you are that good - lets hear some ideas.

To protect your current interests, make the ideas outside of the sector you cover.

Mar 28, 2007

well in research, his current interests wouldn't be the sector he covers because he cannot trade within that sector. I doubt he will give any advice, but ratul, if you are good, I'm sure you could "dazzle" us one way or another.

Apr 4, 2007

ratul, if you were that good at your job, you should have plenty of potential clients and lots of "ins" with your own sales force/trading desk, and through all the people you'd supposedly know, you should easily be able to feel out what exit opportunities exist for you. as such, the very nature of your inquiry about "Exit options" potentially betrays your true inexperience.

and if you already have your own coverage of pharma after one year, you probably don't work at a very competitive bank. that's not intended as an offense or anything, but the reality is that not everyone can be competitive.

Apr 5, 2007

here's my situation - I'm not challenged by ER and my boss is more meritocratic than focused on hierarchy. Anyway, my success has not come from client interaction, but innovative research that I am able to do that others are not. Lots of firms out there with crap research and we know this. Further, our house analyst is a top dude and he is surprised in my abilities and expects me to progress rapidly. It is possible to be fundamentally good at understanding the sector.

Also, one caveat. I wrote my MSc dissertation on the sector etc and received a distinction from a top 10 global university.

Anyway, I guess people feel the need to nit pick rather than put forth solid advice.

Jul 12, 2007

Unlike the others, I believe it is possible to be a great research analyst within one year. Experience will only smooth off the rough edges.

A smart person that is willing to learn can be taught all the tools and techniques in a fortnight that they will need in their career.

My question is what criteria you are using to determine you are great at research? That will determine what is the best route to maximise your earning potential. Beyond that, it will also help guide you towards doing something that you love rather than something that pays well.

Jul 12, 2007

sorry to side track

the_inscrutable_chicken:

A smart person that is willing to learn can be taught all the tools and techniques in a fortnight that they will need in their career.

I'm starting in ER at a BB in Feb 08...be interested if you could elaborate on that and point me to some resources - thank you in advance.

Jul 13, 2007
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