Thoughts on Equity Research 2020?
What do you guys think about a career in ER in 2020? I know S&T is in a bit of a pickle, but isn't dead yet, whereas IB is still going strong. Is ER in the same boat as IB or S&T? A family member of mine who runs a small (~$300M AUM) HF told me the only place he would recommend me to go to at an investment bank is Equity Research, but he's only fundamentals driven and I know most HFs now are using quant strategies. What are your guys' opinions on ER, is it a place to be for ppl who aren't comfortable with the IB hours or is it sort of on its way out the door like S&T and not a great place for an undergrad to start their career? Thanks for the info!