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Old 24-11-2011, 09:21 PM
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Well, at junior levels, sell-side pay more. That is why we work harder. Decent buyside outfits won't allow juniors to trade unless the size of the portfolio is really small, or the junior is just executing on order of the PM.

I would say it is better to start of at the sell-side and move to the buy-side at mid-late career, in my humble opinion.

Just like most people start off on Corp fin before moving to PE.

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Originally Posted by Unregistered View Post
Hmmm ... probably true if you are talking about traders in BB. Now, when expand our analysis to include any sort of firm in the buy-side, then I suspect that there are traders who skip the grunt work that exists in the middle/back office and sit right at the front office.

I didn't want to give too much away, but I know of a few places, those small little "shops" that are popping up here and there, where the traders make all the buying decisions without regard of what happens after the trade. Either through algorithms or pure trading intuition, they are the ones who call the shots leaving the people in the MO and BO to handle the admin.

You are correct. I am not talking about MS, GS or UBS here. But rather ... you probably know. I'll just say that as markets become more computerized, I find that there's this small group of people, those with the smartness to actually understand the technical side of stuff, that will prosper.

Maybe, they won't make more money than IBankers. Maybe they will. That's why I pose the prompt again ... high earning big name drone vs respectable buy-side smart guy, stay up late in BB vs make the right decisions in the short span of time.


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