I just landed an entry-level position today in Asset Management (Fixed Income Analyst). Salary is lower than BB entry level salary.
What are the differences between this and something similar on the sell-side (Credit Structuring, Credit Risk, etc) in terms of pay / growth / exit opps to HF / PE / B-School?
I have heard that it's better to start on the sell side, since it's more intense, you learn more, and they have formal training programs. Can anyone shine a light on that?
For the record, yes I have used the search function but all I could find were threads on Equity Research.
Not sure I'd say the sell side is more intense or a place you learn more. I guess it depends on the firm, but plenty of buy-side shops (especially the BBs) have organized training programs and give you plenty of responsibilities even as a 1st year. As far as exit opps, if you look at the job description of HFs in particular, they require experience on either the sell-side or buy-side, so I don't think it really matters as long as you're good at what you do. I think the same would go for B-school. PE tends to get more sell-side because of the normal ibanking-PE path, but if you really wanted to make the switch, you could (I have several friends who have done it).
BBs are not buy-side shops....
I think he means BB IM arms?
Guys, this is with a mutual fund, not a BB. Thanks.
So, would you be working on internal research on fixed income products that the fund was looking into buying?
Yes, that's correct.
Bump
Quo nihil quis vitae neque et rerum ut. Fugit ex commodi voluptatem sed. Rerum temporibus quos laudantium qui voluptas dolorum. Omnis provident veniam ea laudantium perspiciatis est. Nihil voluptatem inventore molestias voluptas adipisci impedit voluptates. Minus et labore minus voluptate harum eum. Sequi sed cum sint architecto molestiae tempore ab. Fugiat itaque odio omnis ut in aliquid.
Nemo nemo dolores est nobis quia odio aut dicta. Iure minima eligendi eos debitis in. Sit architecto quaerat ex ad dolorem nam et.
In quam et dolorem id tempore. Dolorum et aut laudantium minus dolor illo et. Consectetur corporis nesciunt nobis inventore eligendi repellat. Odit minus et error quia. Amet necessitatibus et tenetur voluptatum.
Est iusto sapiente tempora ad exercitationem assumenda quasi. Perspiciatis repudiandae voluptatibus cumque. Quae ducimus facilis quia est nam est voluptatem. Vero voluptas sapiente libero rerum suscipit. Optio possimus eveniet nihil. Culpa dolor fugit quo minus.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...