Would you have any reservations about hanging your shigle as an investment advisor?
I can’t shake the image of real estate agents with charters. I must have some mis conceptions about sell side.
Define a shitty job in buy side…
Edited.
i dunno, pick a definition. Junior analyst or admin assistant.
I’m more interested in what people think about sell side
yes you do have misconceptions. sell side includes investment banking and equity research. not exactly “real estate agents”
Canada here too, I’m not sure I’d classify Investment Advisor as sell-side. I would class that as “sales”. What company are you looking at?
You’re a zip.
LMAO!
As Blake’s torched is passed to a new generation - forged in colon cleansing, and bar cruising - we will not forget the purpose in which this forum was coined: to live… as if we would die tomorrow; to laugh… as if our nemisis had accidentally taken oxy powder; to love… as if one didn’t need to say “no homo”…
Thats what I thought. Working for investors group sounds like you have to spam your friends. Break out the pumps and shoulder pads.
I imagine the pressure in ibanks is insane. But more respectable.
WTF is a zip
Beautiful, just beautiful.
uh, I wouldn’t classify any of the big banks as ibanks… they are all just traditional banks with some i banking divisions.
Their retail arms are big and have good reach, but being an IA in Canada is a sales job anywhere, even at the HNWI level. I’ve talked to IA teams at the very top and they’re still grinding phone books and working on referrals. It has more to do with gathering assets than being super good portfolio managers (though that’s important to retaining clients). There is definitely high turnover on recruits and it’s a very competitive space, probably one of the highest risk/reward profiles around. You start with very little salary and it could be a few years before you’re making decent money. Not sure what your profile is but it’s not something 90% of people are cut out for.
Investment advisor is like being a RE agent but without lump sum commissions. Or real estate. I’d hate it. We’ve had multiple threads on here discussing how many of them are just selling garbage MFs with above market fees.
As to your definition between a bad buy side job being jr analyst vs an admin? How on earth are those even comparable? Jr analyst at a buy side firm is fine. An admin is an admin is an admin. We have them. They’re generally young attractive women whose biggest accomplishment is being able to bind a presentation without catching their clothes in the machine.