Dream job....turns out to be a dead industry
I obtained my CFA certification for the simple reason- I wanted to be an equity research analyst (sell side or buy side).
But now that I finally broke in, and have been here for some time, I realize how bad shape the industry is in.
Buy side keeps getting hit but shift to passive, while sell-side (where I am) faces structural challenges from MIFID-2, as well as declining volumes. My firm just laid off 4 teams last week, and this comes after a talk by our Director of Research that bank is “investing in research”
Now, I am trying to strategize what to do and how to do? What possible exit ops are there and what will be most fulfilling (has to be somewhat related to directly investing in public/private i.e. not IR)
Any suggestions? Are you guys looking at exit ops?