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Vault Message Board: Investment Management

Topic Name: Stocks vs. fixed income
Message Name: no, your depiction is inaccurate
Date Posted: 11/12/2002
In Reply To: Fixed Income Analysts are more analytical oriented, you have to be good in maths, statistics, C++, Fortran, C Languages. Most of the FI Analyst in the streets come from maths, economics, or physics degrees some have Phd's. Equity Analyst, well all depends if your firm is fundamental, Quantitative or Technical analysts oriented or a combination. The degree of maths comes from highly math like Quant. and Tech. to the fundamental of a business(mixed of accounting, stat, econ.)Harder to get? right now both!! no really, that depends on the time, but as I said FI analyst are highly mathematical oriented. Paid! depends where you work as an equity analyst, sell side pay more, but you have to work more hours. The CFA designation open some doors for boths.
Message: It depends on whether you work in govies, corporates or asset-backeds (the three main classes of bonds). It is true that asset-backed analysts are very quant. Govie analysts tend to be more economics-driven (though some firms have quant spins on govie bonds too). Corporate bond analysis is very accounting-driven. The types of analysts covering each class of bonds is very different, therefore. The pay is generally lower, though not always (depends on how agressive the firm is, where they play, etc).

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