Which offer? Advice pls!
UG, have 2 offers: BB IB (Citi/Bar) and BB AM Equities (Buy-side Research, GSAM/JPM/MSIM)
- What are the exit opps from AM Equities? If HF, MF, which strategy (and how legit, like Soros or Moore?)
- What are the promotion opps from AM Equities (to analyst? to PM? How long does it take?). Do people lateral to other firms after the entry level stint is over, what is the junior level employee turnover?
- Which offer would help place me best in a solid L/S HF?
Thanks, guys, really appreciate your advice.
generally speaking, buy side research doesn't place into HF if you have a shot at a good product group at one of Citi or barcap, take that
another vote for BB IB for HF exits.
Take the IB.
Vote for the IB as well
Which groups are you most likely to get into for Citi or Barclays?
How exactly is IB better than buyside research to become a buyside research analyst at a hedge fund? I know the headhunters focus on IB, but which one is really going to make the OP a better investor?
Obviously the one where your work is directly relevant to what you would do. And as far as I know (much sarcasm) buy-side research is closer to buy-side research, than M&A/ECM/DCM is.
Thanks a lot for all your thoughts, everyone! Has anyone here has worked in AM buy-side research before and seen where people place?
Looking at TMT at (Bar/BAML).
Haha, I'm thinking this was an accident
Why?
I recommend you read up on BlackHat's explanations on AM.
Thanks, EarLoeb, I'm a huge BH fan. But he talks mostly about boutiques, not BB AM. I know for sure AM will make me a better investor but people/headhunters fuss about pedigree and things like that so lots of people are telling me to do IB BC it'll give me a better chance at a HF (despite AM being more relevant).
take IB, esp if it's TMT. Higher probability to an attractive buyside job. More prestige. Likely better comp. Less systematic risk. More options for when you wake up and realize that the HF business is not attractive long term
If you want to end up at a hedge fund, go IB.
As far as I know Barclays splits their Communication, Media, and Technology groups. All are decent and top 10 in deals. You can't go wrong with it.
If you KNOW you want to do equity investing for life then the an AM job makes more sense... especially much better lifestyle than kill yourself lifestyle. The catch here is that I don't know if this applies to the AM division of a BB. I don't even think of these when I think AM.
As someone said doing an IB job at one of these well known banks will help you out infinitely more if you decide to not be a portfolio manager.
IBD
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