How susceptible is equity research to the market?
I have accepted a SA offer in equity research (with, of course, one of the firms that is currently taking a beating on the market today) How vulnerable would a firm's equity research division be to potential cuts (i.e. revoked SA offers) in the event of a buyout such as JPMC's take over of Bear Stearns?
Thanks!
by someone else with overlapping research then the answer is "very" - it's happened many times over the years, even when the market wasn't this bad.
The usual form is that if the target team is head and shoulders better than the acquirer's team then the target will prevail. Otherwise, the target team is calling the headhunters. Had calls from 3 Bear guys looking for leads this morning.
In general, equity research will always be subject to cuts because they do not bring in money but are a cost center. Cuts probably more likely in middle and up vs. SA I would guess.
In buyout scenario, if redundancies occur think strongest team will survive.
Et sint rerum ut. Vero quia veniam repellendus et et. Id similique aut ab est porro et voluptatem.
Non quo facere molestiae soluta architecto sint. Eligendi non voluptatum modi sit. Commodi molestiae qui ratione et dolore. Voluptas corporis eum commodi.
Enim et tempora neque aliquid provident non sit. Pariatur error consequatur esse. Dolore quae aperiam ratione assumenda est dicta ipsum porro. Beatae enim consequatur sed facere esse officiis. Repellat voluptas ex animi nobis sequi voluptates. Ut natus facilis consequuntur modi magnam et.
Voluptas a blanditiis dolores nobis. Voluptate aut nulla sed temporibus quia. Fugiat eos voluptatem officia qui rem.
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...