Buyside Equity Analyst - In this market?
Have an offer for a buy side equity analyst at the 3rd yrs level. Long only but potential to move into a Long/Short strategies down the line. Is this a wise move in current markets? I assume the main risk is capital flight away from the fund/equities in general? Also what is bonus potential vs Sell Side.
Asked by gofaster
Posted in Switching Sectors and Asset Management
22 Sep 2008
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UK



Congratulations on having a job offer – you must be talented. Personally I’d consider myself lucky and just take the job. If you want to be more analytical about it, yes I agree the main risk is capital flight away from the fund / equities more generally that would lead to the fund downsizing staff. But with the markets at these levels, there must be bargains around and if you can analyse them and find a few good performers then you would be a valuable employee. I think the buy side would be an easier / safer job than the sell side. The buy side has the money. This gives them control. The sell side doesn’t have anything other than too many people and not enough new product to sell (other than financials). I’d be less concerned about your bonus potential and more concerned about job security – I think you’d be safer on the buy side and if you do a good job after a few years you should have other avenues open to you too.
former MD at a major US investment bank 23 Sep 2008
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