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  #61  
Old 01-04-2018, 09:37 PM
Westley Westley is offline
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Originally Posted by snakeroberts View Post
When I hear IB I think IPOs, pitch books, mergers, restructuring, in other words the Boutique banks, long hours, work holidays. They still have complex excel models that the 100 hour grunts work at.
I am thinking "research" would be called upon by these guys during a deal to look at credit risk, equity valuation, impact of debt levels, legal filings ect.

This is also not correct IME. There's different terminology in different banks and countries so maybe it's just what I've seen, but IME, in general, the "research" team doesn't talk to the bankers at all; as in, a banker dials the phone number for a research person and the line is disconnected, followed immediately by a Compliance director who calls and starts the convo with "Are you f'n stupid, calling a research person?"

Is "Chinese wall" a derogatory term? Either that or whatever the PC version is. The information flow between research and bankers is: very controlled on deals, and not for purposes of supporting the bankers on deals, more for purposes of allowing the research guy to understand what the bankers are doing and why; and nonexistent otherwise.
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  #62  
Old 01-04-2018, 09:58 PM
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MathStatFin MathStatFin is offline
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I'm not sure why you're saying he's incorrect. He wrote "called upon" which just means that the research team is being utilized in some way (doesn't imply active communication between the bankers and the research team). My understanding is that the client can call the research division for due diligence purposes. The bankers are just "selling" an idea/proposition/deal to clients.
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  #63  
Old 01-06-2018, 09:29 PM
Antzlck Antzlck is offline
 
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The sell side equity analyst is a dead job, the ship has sailed. There's a brilliant article at the moment on the FT, I suggest you read it: "The unmourned death of the sell side analyst"

https://www.ft.com/content/8699b996-...0-857e26d1aca4
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  #64  
Old 01-07-2018, 07:15 PM
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jas66Kent jas66Kent is offline
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The sell side equity analyst is a dead job, the ship has sailed. There's a brilliant article at the moment on the FT, I suggest you read it: "The unmourned death of the sell side analyst"

https://www.ft.com/content/8699b996-...0-857e26d1aca4
I have already read the article. I have nothing against making the position more competitive via Mifid II that gets rid of the dead wood, which seems to abound in IB. If you are not competent and do not provide actual value....good riddance.
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  #65  
Old 01-09-2018, 10:04 AM
snakeroberts snakeroberts is offline
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Originally Posted by MathStatFin View Post
I'm not sure why you're saying he's incorrect. He wrote "called upon" which just means that the research team is being utilized in some way (doesn't imply active communication between the bankers and the research team). My understanding is that the client can call the research division for due diligence purposes. The bankers are just "selling" an idea/proposition/deal to clients.
yeah I was thinking "non public" info such as using a "risk manager" guy to tell me the effect of adding more debt and different kinds of debt to a clients balance sheet and the resulting credit risk using an in house model. Or perhaps the valuation of a company in an IPO, not everything is a simple DDM right? I agree non biased equity research that is being made "public" would be a big no.
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  #66  
Old 01-09-2018, 10:23 AM
snakeroberts snakeroberts is offline
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Originally Posted by jas66Kent View Post
I have already read the article. I have nothing against making the position more competitive via Mifid II that gets rid of the dead wood, which seems to abound in IB. If you are not competent and do not provide actual value....good riddance.
https://www.ft.com/content/fddfe12e-...a-903b21361b43

and this article sees it in a positive light too.
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  #67  
Old 01-09-2018, 11:38 AM
Westley Westley is offline
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Is there a trick to reading those FT articles? Do you need a subscription? I'm told the whole using google to get past these types of things doesn't work any more...
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  #68  
Old 01-09-2018, 11:42 AM
kimjongfun kimjongfun is offline
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Is a VP-level position (I am an AVP now) so she likes the sector and title change.
So your wife just cares about her husband's title and bragging about your position?
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  #69  
Old 01-09-2018, 11:44 AM
extrovertedactuary extrovertedactuary is offline
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So your wife just cares about her husband's title and bragging about your position?
Like many women, she might be quite hypergamous.
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  #70  
Old 01-09-2018, 11:58 AM
nonlnear nonlnear is offline
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So your wife just cares about her husband's title and bragging about your position?
More money, less husband. If she sees that as a win-win, maybe jas should be worried...
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