sid3699 Wrote: ------------------------------------------------------- > saurya_s Wrote: > -------------------------------------------------- > ----- > > Who gets pais more- buy or sell side. How are > the > > working hours in either side. > > S > > > In terms of risk reward. On the research side: > > BS more risk than SS as at BS you have more > accountability. > > BS job security is lower than SS. > > Thus, more money on BS. > > Hours on both sides are subjective and depends on > the PM/Senior Analyst. From the people I know BS > guys work as much as SS guys. At the junior level I believe pay is actually reversed. I don’t know of any traditional asset managers that compensate the very junior (read: first year out of undergrad) as well as the sell side firms, which generally pay in line with investment banking (not always, but thats how it works here). At the senior level, I believe what you said rings true; the risk and direct accountability resut in higher comp if you can build a track record.
I heard statestreet is pretty bad…
CFA2Grunt You are pretty much in the ball park with all your numbers…My numbers are on the high end for both as I have a bit of experience and this would be a big cut. I would like to pick my tongue off the floor except this guy has a nice track record going for the last 4-5 years on their large cap growth portfolio. Looks like you know what you are talking about…What are your thoughts? I always wanted to get into buyside research and finally I see a crack in the door. What do you think? Should I stick to my comfy middle management job and continue at a reasonable pace up the corporate ladder or jump in? Thanks
FIAnalyst Wrote: > At the junior level I believe pay is actually > reversed. I don’t know of any traditional asset > managers that compensate the very junior (read: > first year out of undergrad) as well as the sell > side firms, which generally pay in line with > investment banking (not always, but thats how it > works here). > > At the senior level, I believe what you said rings > true; the risk and direct accountability resut in > higher comp if you can build a track record. How some one with an MBA (L1 candidate) and specialist biotech degree but no equity research experience is classified- very junior, junior etc? Education from Oxbridge and sector specific experience. S
CFA_Prep, I guess it really comes down to where you see yourself in 3-5 years. I’m not sure what the growth prospects are for someone in your current field. If things go well in buy-side research and you move up into the analyst or even a PM role over time, you could find very significant upside. At the analyst level, you’d be looking at probably $100+ in base with a significant bonus (50+%) and maybe other comp (restricted stock, etc.). Decent analysts with a few years or more under their belt can make a few hundred thousand or more, all in (with the bonus/other comp an increasing percentage of that figure). If you have the patience to be lumped in with some fresh-out-of-undergrad kids and work some potentially long hours (depending on the analyst or PM), and make less money for a few years, then the upside might be worth the near-term pay cut. If you have a family and can’t afford such a pay cut/short-term instability, then it might not be an option. Good luck.