Buy Side Markets Reporter to Equity Research?
I am starting a new position soon as a financial reporter covering news on buy-side asset classes (hedge funds, pension funds, mutual funds, private equity/credit/debt, etc. ) for institutional investors. Our reporting is mostly available for institutional clients only and we do some market insights as well. The type of people who read our news are the kind of people that would also be reading sell-side research (it's a similar publication to something like Factset, Morningstar, Refinitiv, etc). But most of my time would be spent interacting with and interviewing professionals on the buy side. Our readers are primarily senior people at hedge funds, asset managers, mutual funds, and pension funds. We also report on equities but in a context that is relevant to our readers.
I have had equity research associate interviews in the past with my current experience (tech journalism, internships in financial writing and consulting) and did ER at my school's investment fund, but I have noticed every job I interviewed for the position was filled by someone with years of equity research experience.
I plan to stay in this role for a year while I wait out the ER recruiting glut and pivot later. The fact that I have had ER interviews in the past with less relevant experience makes me hopeful that I can make the switch without getting an MBA, I'm just curious, is this a background and a position that could be useful?
It's good that you take what you can get, but better make the jump fast ... use your role to network as much as possible. Recruit with a strong and actionable pitch and model, seems like you've been seen by analysts as too much of a reporter/ journalist, it's just my opinion but maybe you need to break out of that mould
You need to beef up your technical experience for ER
Looking across associates at my firm, most associates are 1) sellside laterals, 2) FP&A / IR, 3) interns converted to FT and 4) handful of buyside analysts.
I’ve seen some journalists, especially from biotech / pharma, joining as associates too, but I assume they were well prepared with technicals, enough to pass the initial round of interviews
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