关于2020年股票研究的想法?

你们如何看待职业在2020年?我知道S&T有点泡菜,但还没有死,而IB仍然很强大。是在同一条船上IB或者S&T? A family member of mine who runs a small (~$300M AUM)HF告诉我他唯一建议我去投资银行的地方是股票研究,但他唯一受基本面的驱动,我知道最大HFs现在正在使用量化策略。你们对什么意见,这是一个不满意的地方IB几个小时,还是像S&T这样的门外,这不是本科生开始职业生涯的好地方?谢谢(你的)信息!

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最有帮助
2020年11月17日 - 9:56 pm

一些thoughts on equity research(():

– While ER's heyday is gone, it still is a great place to learn a部门和财务建模。对于开始职业生涯的人来说,这确实可以帮助您塑造您的方向。要知道的关键事项之一不是每位卖出侧分析师都是相同的。我建议您审查机构投资者排名,该排名仍然在field. If you end up working for a top sell side analyst, you'll be trained very well and you have the potential to move into either the buy side covering the same names or if you like at one of your coverage companies (either in an IR, strategy or internal M&A function later on). However, I can't stress enough that where / who you work for is key. Not all角色是一样的!一些银行确实拥有出色的覆盖范围分析师,这些分析师提供了巨大的增值和其他分析师,而不是很多。卖方公司本身也有很高的质量,以及他们擅长的东西,伯恩斯坦有一些最好的analysts and I've know ppl make the jump from there to the buyside. There are some very good smaller niche biotech sell side teams at banks most ppl never heard of (i.e. Leerink). The hours in general are better vsIB, but you'll be very busy during earnings season (good luck pushing earnings notes and update models on several names in one day) and frankly if you cover the same names over a few years it can get a bit boring.

Regarding your fundamental vs quant comment:

HFs- 是的,量子绝对是HF宇宙,但我不会最大程度地减少基本的存在HFs。All the multimanager (MM) platforms have vast arrays of teams covering various sectors / strategies you didn't even know existed using fundamental analysis. Sure, some augment this with the assistance of quants, but most do not. There are also plenty of single manager fundamental funds out there in certain niches that have nothing to do with quant.

Best of luck.

Nov 18, 2020 - 12:05am

洞察力,感谢您的分享!偶然,您知道是否有办法查看II排名而不为它们付费?我一直在将银行组成银行(他们总是宣布当他们的员工列出列表时),但这不是收集IMO清单的非常合理的方式。

2020年11月20日至10:56 AM

I would echo the above, WHO you work for is infinitely more important than where you work. Since the teams are small, if you work for a douchebag analyst you will have a terrible experience, and vice versa

2020年12月30日 - 9:44 AM

是的,读过彭博社的这篇文章今天刚刚发表了有关人类HF的vs Quants

https://www.bloomberg.com/news/articles/2020-12-30/human-hend-hedge-funds-funds-quants-quants-quants-in-dare-deled-dewined-by-pandemic?srnd = premium

Nov 19, 2020 - 5:21pm

某些公司正在减少,而另一些公司正在增长。正如其他海报所说,高度依赖您的分析师和覆盖范围。作为一个既涵盖了一个卑鄙的领域又涵盖了一个有很多复合者的大型领域的人,我可以说,覆盖范围可能是巨大的动力或巨大的球。绝对不会说大型投资银行是唯一要去的地方。有些人肯定会在简历和可靠的曝光中给您一个好名字,但另一些人则享有声誉IB对进行高质量研究的骗子的先令。大量的精品店是Sirloin Rock Solid的,并且会给您带来更快的进步。

2020年11月20日至11:26 AM

不是从研究的角度来看。同样,这将在很大程度上取决于分析师,但在大多数情况下并不特别。

  • 展望IB-M&A
2020年11月26日 - 7:53 pm

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职业发展机会

2022年5月万博app网页版

  • Jefferies & Company((▲03 99.6%
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  • RBC Capital Markets((▲06 98.7%
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总体员工满意度

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专业增长机会

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  • Jefferies & Company((▲04 99.6%
  • Bank of America Merrill Lynch((▲06 99.2%
  • 林肯国际((▲03 98.7%
  • RBC Capital Markets((▲08 98.3%
  • Houlihan Lokey((▲06 97.9%

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