I have a dumb q. I apologize in advance. Do investment bank analysts (eg in M&A or equity research) research mutual funds and pension funds? Do hedge funds analyst only look at hedge funds? I’m so confused lol

like
Posting as :
works at
You are currently posting as works at

Here are the different types of Wall Street firms:
- Investment banks (M&A)
- Prime Brokers (brokerage for institutional investors or buy side firms)
- Buy side firms (hedge funds, mutual funds)
- Sell side firms (Sales & Trading, Equity Research)
- VCs and PEs

Equity Analysts research companies typically in a particular sector. Their job is to fully understand a sector - its consumers, buyers, suppliers, partners. They know the companies. They know the trends. They attend conferences. They meet management companies. Their job is to make stock recommendations to the buy side of Wall Street. You know when you read that Barclays has upgraded a stock from hold to buy? That’s driven by an equity analyst at Barclays sell side arm. They often do this via their Sales & Trading desk who have direct contacts with buy side managers - portfolio managers and hedge fund managers.

All large I-banks (also known as bulge bracket) have all these arms that have a Chinese wall in between. Meaning their sell side and buy side can’t talk and share; they’re highly monitored.

likehelpfulsmart

The important thing to remember is that the I-banking research analyst isn’t working for the retail investor. Their primary function is as a marketing vehicle for the bank. They are a service for buy side fund managers looking to trade a stock or participate in an investment banking deal.

Their work can be useful but don’t rely on their ratings too much since the bias will almost always be positive.

They usually don’t cover mutual funds or ETFs. For that look for their macro notes or themes type notes that usually come out every few months. They will outline key trends they’re thinking about. From there you can narrow your own search on ETFs that follow those themes.

Please don’t preface questions like that. Dumb can’t be in your job description and if you feel dumb and then there’s me with my artsy Ivy grad school what hope is there for me. It already took all my courage to join this bowl and try to learn something.

Same feels

Related Posts

Made a career pivot to another agency. During the interview we talked about how it may start as initially a "step backwards" (pay/benefits) but has potential for more long term growth. First day was yesterday. Had no communication about when or where to show up, sat in an empty office for about half an hour before a couple people finally showed. No phone call or email. Sent an email to the founder, no response. I could easily get my old job back if wanted.

What would you do in this situation?

like

Looking for purchase health insurance for business. Has anyone bought health insurance through their solo practice as a corporation. Any recommendations as to who to use. Small firm 1-5

like

Hey guys, so I have competing offers. One at Bank of America for 124, and one at Allspring for 110.

Does anybody work at Allspring? They did not provide any information regarding benefits, 401k match, or any annual bonus structure. I was told, verbally, that the Bank of America bonus is something like 15 to 20%, but nothing in writing.

Just wondering if anyone has any knowledge about compensation structure at Allspring, or any opinions on the culture there. I would be in Charlotte.

like

What are benefits we get when we join Nokia Noida office in sec 62. I have got an offer from Nokia.

Hi - How do you find out who is a top criminal defense healthcare attorney in your state?

What are benefits of working with a content strategist on a project?

What are strong must-have traits of a good content strategist?

Trying to build a case for my agency to hire our first CS!

like

Hello Fishes

I have been offered a role on Nokia, Bangalore. Wanted to understand the work culture, hybrid work timings/ flexi work hours , health Insurance details .
Can someone please help here?

like

Which health insurance is good to take for family in a long run. Would like to stick to it for a decade.

like

Healthcare corporations… please note you have more then 1 shift of workers. You have 3 most times, each shift has to be treated equally. This is and always have been an issue, and you cannot figure out why the other shifts refuse to be active and participate in anything and definitely not engaged anymore.

Post Photo
like

Hiring BA, PM, Sr Tech PM, and experienced Program Managers for EPMO. Hybrid schedule. Healthcare environment. Central IL location.

like

Hi there. I am an Operating Room Nurse thinking about pursuing my Masters in Healthcare Informatics. Is there a position for this career path that I can take while completing my graduate studies?

like

Hello, I’m a certified occupational therapy assistant and looking to utilize my bachelors in healthcare administration to transitioning my career into a more non-clinical role. Ideally I’d like the flexibility to work remotely. However, I’m having such a hard time landing an interview. Is anyone good with helping transition resumes from clinical to managerial/administration?

like

Is anyone looking to exit corporate life altogether? Trying to balance the emotional gut punch of taking a massive pay cut with the benefits of being able to live a life that is not dictated by the demands of my job.

like

Which is the best company to work for amongst the FAANG companies? Best in terms of quality of work, employee benefits, pay, etc

anyone else feels stuck at current job, but not able to apply due to upcoming paid maternity leave benefits that you don't want to miss out on? currently still in first trimester !

likehelpful
like

Working as a senior data analyst at startup clinical trial company in the NE. Have 6 years full time work experience in data analytics post graduate degree. With part time positions during and post undergrad + quantitative masters, more like 8-10 years. What is considered a good salary? I’m currently at $115k + 10% bonus (no 401k match), and might soon be considered for a promotion that involves managing. Just want to make sure I’m ready for salary negotiation. Thanks so much!

like

I've been independently consulting for past 2 years supporting new medtech w/ growth & GTM strategy. Looking to join an org, interested in LS or health strategy & innovation role, preferably remote. Any recommendations on where I should look? Thanks!

(15Y in healthcare & LS w/ cross-functional experience: benchtop science, clinical trials, product dev, patient care, health admin, GTM, strategy, operations, analytics, tech, AI/ML. MSc in biomed enterprise, AI for business grad cert & BSN)

like

How is S&P Global?.
Pros and cons
Employee benefits and Culture

Thanks in Advance! 😊S&P Global

like

More Posts

Going solo to Denver next weekend for a couple of days. Planning to stay downtown, any hotel recommendations? Also any suggestions for things to do? I am not much into hiking but planning to do a hiking trip. I saw a bunch on hiking experiences on Airbnb, so will most likely do one of those, but would appreciate any suggestions. Thanks!

like

New to Fishbowl, currently working on a career pivot! I graduated in May with my MBA and have experience as a Director of Operations as well as recruiting and HR experience. I am looking to move more into Change/Project Management or Director of People Operations roles. I have been at the application game now for two months with only two interviews and over 20 applications sent out each week. Any advice would be greatly appreciated!! Feeing a little defeated over here. Thank you!

like

Looking for an SAP Commerce Cloud (Hybris) Consultant role.
Can anyone help me with a referral at their firm?
YOE 3.4
Already on NP.

like

Any staple brands for a first year analyst’s wardrobe?

like

So, who wants to vouch for me to Soho House?

like

Hello guys can anyone tell me is there any leave encashment is there in Infosys. I am on notice period. I am having 20-25 leaves in my bucket

like

Which engineering is the best and why? I am an electrical engineer and I am sure that my engineering is the best career because it is the most difficult to study and at the same time we are the ones in charge of moving the world.

like

Do the Explorer and Explorer II have ridiculously long wait time from ADs?

How does approval process usually work with rolex ADs? I have a purchase history with a current AD and been on a waitlist for a while. Got a msg saying they have one in system and waiting to get approval to sell me one, but no promises. Does this mean I am likely to get one soon?

like

Is it worth it to leave a current FTE perm role to work for Google as an freelancing executive producer, 6+ contract with possible extensions pending budget, performance etc? Debating the massive brand name and experience but leaving job security etc. for it

like

I am an associate at an AM200 firm and was (IMO) very clear prior to accepting this role that I value work-life balance and wanted to try to keep work at night on the weekends to a minimal, but since February, it seems like it’s always something that requires my time as needed disregarding “business hours” or my personal schedule. Thoughts on whether to bring this up or continue to be a team player until I burn out and pay off my student loans?

likefunny
like

4 part post here from a leadership and certified emotional intelligence coach who believes in you! He loves to include a pic of himself on every post, in addition to adding his own likes and initial comment to tag more folks and help the post go viral!

Post Photo
like

New fish looking for career guidance.

I'm a corporate recruiter with 3 years of experience. Finishing my degree in HRM 5/2022. I'm thinking of getting my SHRM -CP shortly after graduation.

I'm not sure of where to go after that, but I doubt I will stick with recruiting or my current firm.

Has anyone here started off in recruiting and branched out to other HR functions? Do you like your new role? Do you wish you stuck with recruiting?

like

I’m currently in the process of being converted from contractor to permanent. In my initial conversations I was under the impression that I was in a different pay grade and asked for a salary 25k higher than the max allotted for my position. I feel like it gave the impression that I don’t know what I’m doing. Any suggestion how I can recover from this?

like

Is $100K low for a senior producer @ creative agency in nyc

like

Could I pull off asking my manager from J1 for approval of freelancing on the side? It’s quite common anyway for designers I think. And then my j2 can be “freelance” even though it’s full time?

like

What do associates coming out of matrimonial clerkship (2-3yrs) make at NYC firms their first and second years?

like

27M and new to the area. Let’s be friends 🤝🏾

like

Hello Everyone,
Would someone be willing to refer me for a position in Salesforce at Hyderabad ? I am looking at Program Manager roles currently with 9 years of experience.

Many many thanks in advance

like

Additional Posts in Personal Investment Chatter

If I’m contributing to my Roth 401k vs pretax 401k and my employer matches 10% of my contributions. My employer match be 10% on my post tax contributions right? Technically meaning I’ll be getting less of my 10% employer match then if I were to do pretax 401k since that match would be on a higher amount?

like

Any accountant recommendations in NYC? Looking for someone who understands the travel situation of consultants, etc. TIA!

What is the benefit of investing in mutual funds such as VTSAX over a similar ETF other than reoccurring investments that allow you to set it and forget it? Is that why people choose them?

like

Leave it to a 2% dip in a day to send people panicking lol

likefunny

Hello all!
I'm 26, I studied economics but I don't know why I'm not much into investing/trading. Someone else like this?
I recognize this is not a very good approach for someone with money "knowledge" and I would like to change this mindset. My main weakness is that I easily get bored of following the market and that I do not see big opportunities. Any advice?
Where to start learning, general advice for LT and ST investments, things you learnt, books that changed your pov on the topic etc.

Thx!

like

What’s the max umbrella policy coverage y’all have seen offered by insurance providers? Looking to get one for the first time. Anything I should consider/ask the insurance company?

like

I am doing a back door Roth IRA through Vanguard and while everything makes sense to me, I am unsure if an additional $6000 be invested for a non working spouse. We satisfy the criteria but two questions - 1) Is this still valid I.e., $12k can be invested for 2021? And 2) Any insight into how this is done - Vanguard doesn’t let me add more than $6k as it’s above the individual limit. I tried searching the bowl for specific answers but wasn’t successful. Inputs appreciated.

like

Thoughts on Lockheed? Dropped lower than it's been in a while. Think it's a good time to buy?

like

Looking at purchasing a townhouse/condo on the beach but the HOA fees are ~25% of the PITI. I’m wary of HOAs to begin with - any insight?

like

I started a small LLC on the side. My company is getting it's first client this month.

Wondering if any 🐟 have recommended resources on setting up initial consulting business thru an LLC.

Books, websites, tax strategies etc.

My LLC is already incorporated, but looking for guidance with the next steps (creating contracts, invoices, etc)

likeuplifting

Has anyone used fundrise? What are your thoughts? Is it worth checking out?

Does anyone else think that IBKR’s customer service is kinda shitty compared to other brokerages?

like

Looking at investing in FedEx and GameStop. Check out Forward PE and PEG, good earnings growth and operating cash flow. Thoughts?

What is the point of a savings account if year-over-year inflation exceeds the APY rate?

likefunny

I forgot to transfer my crypto or withdraw from binance to binance US. Is there a way I can withdraw or transfer now? I think the deadline was until Nov 2020

like

What are your thoughts on lending money to family when asked? (Cont)

like

During benefits selection this year , I chose HSA for the first time and I am informed that my account is opened today. While registering on Fidelity, I am asked to chose between FDRXX/FDIC .I would want to chose from available options and invest money. Which option I should be choosing of both ? Also if I can’t chose options on fidelity, what should I do about it ? My firm opts only for Fidelity unless I’m wrong . Happy holidays . Thanks in advance

like

New to investing. Looking for any/ all tips... book recommendations, YouTube videos on how to get started

like

At a high level, what is a better way to maximize returns?

File all 12 months in NY or
file a few months in PA and remaining months in NY (about 9)

I was in PA for a bit during the pandemic

like

I have 4k that won’t need soon and thinking about were to spend it on.
A. Student loans at 5%
B. Invest in stock market

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal