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Originally Posted by Unregistered
Hello, hoping to get some advice here.
I'm an assistant RM at a private bank. 80k p.a inclusive bonus.
I feel that its a glorified admin role and given the growing importance of risk, controls and compliance in the industry, the KYC/AML stuff is getting on the way of creating opportunities to learn more about markets/products and advising clients.
A headhunter is pitching me a gig at a Jap bank (not nomura) to go into fixed income institutional sales. While I have some interest, do you think it's a bad time to go into fixed income IB given that these units have not been performing well of late and that many banks including bulge brackets have trimmed their FICC desks?
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Hello friend. I think it's hard to enter institutional sales. Fixed income sales for corporate is would be higher during bad economy as people seek for safer investments. From my experience, fixed income will always be in demand. Good luck! I would take it compared to retail sales