Thus far 2018 has not been at all kind to the sellside equity research professionals that I have worked with closely throughout my recruiting career. MiFiD II has had a much bigger effect on the job market in Europe and North America than myself and many others anticipated. Several reliable sources have reported revenues from research are down 40% in the US and by even more in Europe. The result has been a huge decline in hiring at nearly research department from the bulge brackets to the best of the best research boutiques. Regional/Mid-sized Investment Banks seem to have been hit the hardest,however many boutiques and independent research providers are closing their trading desks. The good news is that most of the layoffs that will take place this year are now behind us. The bad news is that their isn’t very much hiring going on at the senior/publishing analyst level right now and at the associate level we seem to be flat year over year. Given all of this, I have concluded that all of those sellside analysts who have in recent years been contemplating the buyside as a career destination should jump on it now! Associates are going to have a hard time finding their way into a senior seat this year and seniors have a better chance of losing their job the second half of the year than working towards a big bonus at year end.
If you are interested in leveraging your sellside research experience this year with the goal of landing a spot on the buyside now or in 2019 than I encourage you to set up a consultation session with myself and to take advantage of resources I've spent a career compiling. During our initial career consultation we'll discuss job opportunities available presently, your career objectives and the risk/reward associated with these choices and paths, and finally we will customize your resume in a manner that it is likely to create excitement among the elite hiring managers I've worked with over the years. I am focused on delivering top tier sellside analysts to the buyside. After all, the buyside can add this talent at a discount compared to most years, and the need for in house research continues to grow as less sell side market coverage is produced once again in 2018.
Send your resume to firstname.lastname@example.org or call 573.529.4897 to talk.
All the Best,