buyside

Hi all, I've just received an offer to move into what I think is a hybrid buyside role from equity brokerage side, and want to understand a few things before I make a decision. The firm itself is a smaller perhaps mid-market shop that invests, operate and develop but ALSO provide advice to its...

20 Jan 2023

Hi I have a six hour case study (even longer if I need) to prepare a financial model + IC paper for the potential acquisition of an office portfolio (3 assets) I need to hit [ 15-20% ] IRR - so confused about entry and exit yields... 1) How do I go about Entry / Exit Yields - I was going to do Entry...

13 Jan 2023

Hello VC monkes and hopefuls, I've noticed a lot of questions regarding VC/Growth compensation. Here's the data, gathered by a survey of folks in a community I'm a part of, for Analysts (fresh from UG, generally) and Associates (generally after 2 years in IB/consulting). FYI -- I think the carry...

09 Dec 2022

Hey guys I'm a sophomore from a non-target graduating in June 2025. I just recently landed a really good internship at a top PE firm name brand through a diversity program for Summer 2023, and I think this exponentially shot my chances up for bigger name brands on the buy-side such as Blackstone and...

30 Nov 2022

Hey everyone. Credit Risk VP here. I'm at one of the top banks in the nation and manage a portfolio and underwrite new business for upper MM clients. I have an MBA from a respectable school and 10 years experience in what I do which consists of modeling, deal structuring, working on distressed...

11 Nov 2022

Hey everyone, I'm interning at a PE MF next summer and am graduating early -- was wondering if it's acceptable to apply to other full time analyst positions/groups within the firm since those apps are already open. Would appreciate any insight, thanks!

22 Sep 2022

I'm a web developer but I'm looking to break into fintech or finance as a front office developer. My goal is to start at a shop and over the years transition from coder to deal-maker or at least work in a capacity where I get a cut of the pie like bankers, traders and principals do. I know quants...

29 Jul 2022

I am an incoming 2023 S&T summer analyst at a BB think (GS, Citi, MS). My long term goal is to eventually to exit and head to a HF and hopefully move up the ranks there. How important is it to network ahead of time to land on a desirable desks. Also what desks/products have the best exit...

01 Jul 2022

Simple post here. Serving as an exclusive advisor to a prominent family in Asia Emerging Markets who are looking for debt investors for their infrastructure project (North of $100M). Realized that there are many family offices and credit investors that focus in this geography. Happy to share...

26 Jun 2022

Non-native Londoner who will be working in Canary Wharf soon. I noticed that most of the buyside firms for PE (corporate, RE, Infra, Debt, etc.) and HFs are based in Mayfair and the city. This sucks as Mayfair is a 25 minute tube ride away? Doesn't seem like I can just grab a coffee with someone at...

23 Jun 2022

Hi all, this is my first year as an investment analyst, and I have 20-30 names in my portfolio (mostly public) in addition to new deal screens. Just wondering what kind of tools/hardware do you'all use to increase your productivity in aggregating/analyzing information/fillings? For example, I like...

04 Jun 2022

Hi Everyone, I'm in the the interview process with three Middle East SWFs (all about the Direct Investment team; 2 on PE and 1 on VC/Growth Equity), and would like to get some opinions - see below. ME and their SWFs were basically unknown to me but I've done a bit of research, and have heard both...

03 May 2022

Hi guys, was wondering what the key differences in exit opps are between analysts and associates in IB. I know associates don't recruit on-cycle, but don't know much besides that. I am at a MM bank; I like my team a lot, but don't see myself being an MD. I also am in a coverage group, and would like...

27 Apr 2022

I've taken a buyside offer, and the job starts this summer, so I'm currently twiddling my thumbs in IB because my staffer won't put me on any real deals. Pretty much just helping on pitches and closing out the last real deals. Is there anything else I should be doing to better myself personally?...

27 Apr 2022

As the title says, which IB position/department gives you the highest chance of breaking in to PE? Thank you in advance.

09 Apr 2022

I have seen various other threads broach this topic and it got me thinking what others views are on this career switch. My short bio: 4 years as an equity analyst at a boutique long/short fund and currently at business school in London. I am contemplating an opportunity on the sell-side at a BB. My...

15 Mar 2022

Hello fellow degenerates, Does anyone know about how buyside firms differentiate themselves in their investment philosophies? Looking to learn how each firm thinks about investments (what do they focus on finding? Margins, moats, scale, trends?). Has proven difficult to find just perusing through...

05 Feb 2022

Curious about your opinions on the below opportunities for someone whose career goal is to become an investment analyst with his or her own coverage at a prestigious buy-side (Fidelity, Balyasny, BlackRock) in 5-10 years. Which one would you choose? Boutique HF: ~$20B family-style growth equity HF...

02 Nov 2021

Hi everyone, I'm an incoming full-time IB analyst at one of the Canadian banks, having worked in PE (major shop with total >$100B AUM across all asset classes) and IB (mainly M&A) for a summer each. School ends late April for me and my job starts the beginning of August, so I'm thinking of working...

20 Oct 2021

Hey guys–so I am working at a BB tech group out in SF as a first-year analyst. I am currently interviewing with Accel-KKR, Battery Ventures and Spectrum Equity. These are the types of places that I would want to end up at anyways after a full two years in banking. Any thoughts on leaving banking...

06 Oct 2021

Greetings Monkeys! As there are many of you who are pursuing IB, we have written up a high-level overview of the different paths that one could take post-IB Analyst stint. We were in your shoes not too long ago, happy to answer questions or help where needed! Welcome to Investment Banking: Where...

04 Oct 2021

What's up monkeys, I've got an interview coming up for a pretty well respected AM that offers some PWM and HF services as well. It's my first interview for a proper capital markets role, but I've done some interviews for other finance/business internships and I feel decently confident about my...

04 Oct 2021

I was lucky enough to receive an offer from a buyside firm that I have since accepted, but I was wondering what the best way to reject an offer was. Also received offers from a couple sell-side positions, but I declined them and spoke to them on the phone letting them know I was thankful for the...

01 Oct 2021

Seen threads focussed on IBD and on SA but not on FT recruiting for the buyside (will also add in sell-side EQ research) Started applying only a couple weeks ago, here is what I found so far, please feel free to add more below: Blackrock Blackstone Goldman Sachs Point72 Morgan Stanley Jefferies...

01 Oct 2021

I want to know if people in the community would be interested in a really tactical guide and example of what modeling looks like on the buyside. Before I joined the buyside five years ago, I was very intimidated by the unknown and especially by financial modeling. What did modeling look on the...

15 Sep 2021

2 years at tier 1 investment banking in NY (GS, MS, JPM, Moelis, Lazard, Evercore, PJT etc..) Now at tier 1 Hedge Fund in NY on the investing side (Think Citadel, Mill, P72, DK, Silverpoint, Anchorage, Renaissance etc) Non-target ~3.0+ GPA (I don't like sharing personal stories but as a brief...

08 Sep 2021

Hi everyone, Curious to hear about everyone's thoughts on Five Elms Capital. Any insight would be appreciated. Thank you.

26 Aug 2021

Opana ER helps to activate opioid receptors in the central nervous system to reduce pain signals and treat moderate to severe pain. You can buy Opana ER online, provided that you bear an appropriate prescription from a doctor. It is because buying or selling without a proper prescription is strictly...

23 Aug 2021

Hey all, Currently at a non-B4 firm in the valuations practice working with corporate valuations. Looking into transitioning to a buyside firm to a portfolio valuations role working with private companies. However, I have two concerns: 1) if the ultimate goal is to get into Corp Dev or something...

19 Aug 2021

~15 year career as an investment banking analyst/associate in ECM (SPACs) and leveraged finance/restructuring, hedge fund analyst/portfolio manager and currently as a corporate finance executive for a fast-growing start-up (led $70mm equity raise process). Have interviewed and spearheaded recruiting...

07 Jul 2021

Hi, I came from a financial engineering background and somehow ended up in the middle/back office of an equities/options trading firm. This is the first full-time job I got after graduation but I feel like I really don't like to be at the operations team where it seems like that my work doesn't...

19 Jul 2021

Hi all, curious to get the forum's opinion on credibility of equity research providers as found on CapIQ Investment Research, ThomsonOne (Refinitiv), AlphaSense, etc. Trying to coach up our analysts on which sources are good, which are bad. Any thoughts? My Top 10 ranking in terms of analysis...

01 Jul 2021

What are some things Fund of Funds managers look at before investing? and how do private equity funds capitalise on opportunities (such as dislocations from COVID) given that the whole fundraise period takes a significant period of time (6-12 months?)? Context: Interviewing with a Sovereign FoF...

15 Jun 2021

Hi guys, if I get a BB FICC sales role and a bond trader role under a third tier bank asset management arm ( with 10bio AUM), which one should I choose? the bond trader has the potential to become a portfolio manager (the interviewer told me about this). And if I do well as the bond trader or as PM,...

16 May 2021

I was wondering why everyone on WSO is so against joining the buy-side right out of undergrad, given the opportunity? I've spoken to a wide range of people with ranging seniority on the buy-side, from analysts that chose LMM over BBIB to analysts at MFs or large-cap HFs. Nobody that chose the...

10 Mar 2021

Hi WSO, Quant Trader here, 8 years working in HFs and IBs. Experience has taught me office politics, having an edge, ruthlessness of the markets and domain knowledge. Four options. Which you think has the highest probability of realising this: I'm on VP pay right now, I want US$1M next year. That's...

20 Apr 2021

Hi everyone, I few weeks ago I joined one of the biggest pension funds in Mexico (Over 50bn usd), specifically in the Private Equity division, as an Infrastructure&Energy Analsyt after being 2 years as a market risk analyst in another pension fund, so pretty good job in FO buy side as LP (Limited...

10 Mar 2021

What are the real responsibilities and expectations of a first year private equity associate (recruited from 1.5-3 years in banking)? I've had several first round interviews with PE firms where they have described new associates as being fully responsible for effectively the entire deal process...

20 Jan 2021

Hi everyone, as the title suggest my question is this - When you get a buy-side ER internship, does the fund manager (or analyst below him) expect you to actually look in the sector and find investable ideas? Or in reality the interns help with a bit of everything to learn the role better and maybe...

15 Jan 2021

All, Quick background on me: non-target, liberal arts guy guy bounced around a few temp backoffice jobs before landing in a ratings shop doing middle market/spec grade ratings. Been trying to break into the buyside for years now with no luck. Have had to send 100s of emails, eventually succeeded...

15 Oct 2020

I have applied for a Fixed Income Analyst position in a Bond fund and I recently got asked to put together a write-up or research report on a high-quality corporate issuance of my choice as part of the application. My background is as a credit analyst in Corp. Banking, so I am familiar with the...

14 Oct 2020

Currently in final round interviews for a 2021 summer analyst division at PGIM. I've heard the culture is great and is a top 10 asset management firm in terms of total AUM, but how is this firm viewed by the Street? Does it compare with other big buy-siders such as Fidelity and PIMCO in terms of...

06 Oct 2020

I just received a full time offer to join a large (yet slightly unknown) insurance firm's Investments team in NYC. the starting salary is on par with "high finance" in NYC and I'm not entirely sure what bonus compensation looks like, however I am a bit worried about if working for an insurance firm...

01 Oct 2020

Just wondering if anyone has any advice as to what a junior trader resume should look like? Currently have 1yr trading intraday FX risk at a BB, and was wondering some things that people have written about as a junior. Of course, it all comes down to individual experience, but was wondering if it is...

09 Sep 2020

So I'm not really sure how I should be asking for an industry suggestion since I'm a student, but I've done a fair amount of research on both ER and IB, but I'm not quite sure how I'd fit in so I'd like to hear from people in the industry where they think I belong since you have a fair amount of...

05 Sep 2020

Best bet to the buyside from MM ECM? ECM -> Coverage -> PE? ECM -> ER -> HF/AM/PE? Looking to get my MBA at some point as well, I went to a semi-target w mediocre grades for reference For anyone who made either of these career moves, please pm/comment so I can pm you.

27 Aug 2020

Hello, incoming 2nd year analyst at MM PE fund in Europe. My firm base salary is below market and I got head hunted for a similar position at another fund that directly compete with mine. The process moved really fast and they're offering me a job. No one knows that I went through a recruitment...

26 Aug 2020

How can one make the jump from IB to Growth Equity / VC coming from IB/M&A? Is it all a matter of headhunting? Which are the top firms in London/Europe? When would someone aim to make the move? After 1/2 years in the sell-side? How can one maximise exit opportunities? Do you have any tips? Thanks!

24 Aug 2020

Hello all, I've recently transitioned from Institutional Banking in Australia to working at hedge fund in Canada (>CAD$300m AUM). I've got one job and that's to meet up in person with every broker and analyst in town (and call or email every other one in Canada who isn't in town) and have them pitch...

24 Feb 2020

Was wondering if anyone here ever was in a buyside IG bond investing role and had the following questions: -How did you like investing in IG? Did you feel like you learned a good skill set? -When wanting to transition to HY bond investing or other types of investing on the buyside, did you have a...

14 Feb 2020