Equity Research roles in Private Banks
Have anyone heard of buy-side equity research roles at the private banking (or private wealth management) divisions of major BBs? What do you think of it? Is this is good career path or would one be better off in a traditional asset management house?
Private banking would mean you were doing research for the benefit of retail investors. Not a good career move. If you're not serving the large institutional investors, your outta the game. Even if these are "actively managed" funds, they are most likely conservative, and therefore operate on more of a buy and hold model. Not alot of opportunity to build research expertise. Traditional route is sell-side associate/analyst to buyside mutual fund/investment counselor. Stay with that.
Thanks for the reply. Private Banking's cliental base will be the family offices, small funds and high-net worth clients. So the job will entask making buy/sell recommendations on stocks and markets. The research process is the same as those in fund houses, the usual modeling and due diligence work. On one hand, yes, the research is perceived as more 'diluted' since it is not catered for the large instititional clients. But the upside is that rather than working in a relatively 'unknown' partnership-based institutional fund/hedge fund, such a role is at the least done at a large global platform since private banks are typically a division of the BBs. So there is an element of 'brand-name' there. Any views?
In est animi praesentium enim voluptatem saepe provident. Excepturi dolores aliquam soluta eaque quia occaecati accusamus. Laboriosam quis omnis qui qui culpa minima ea. Aliquid sequi autem fuga non similique facilis. Dolor enim est placeat numquam optio ut. Libero dicta cumque ut corporis.
Voluptas rerum a maiores dolorum illo cupiditate eos perferendis. Ut et voluptatum voluptatibus qui rerum. Rerum autem nesciunt accusamus dolor vero perferendis.
Ut aut ipsum quos. Ratione nam molestias sunt et voluptates saepe. Minus sed voluptas adipisci eveniet suscipit in laborum. Ullam esse aut repellendus. Fuga ut aut quam esse nulla. Nostrum omnis in est saepe inventore nulla cumque.
Iusto atque eum aliquid. Vero quae modi pariatur atque. Illo temporibus odit dolorum aliquam reprehenderit rerum qui. Nobis eum sunt aut iure. Rem odit voluptatem sunt voluptas ea quis voluptatem. In nihil qui maiores beatae quos cumque eos voluptas.
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...