“Yo, you’ll make bank when you move to the buy-side! Screw this stupid investment banking job.”
“Yeah, I heard everyone at hedge funds makes at least $1 million and gets a castle as their signing bonus.”
“So when’s your interview?”
Ah, yes: that classic debate about the buy-side vs. the sell-side. Although the conversation above is fictional, similar exchanges are taking place in cubicles across the world as you read this.
You hear about the buy-side vs. sell-side distinction everywhere, whether you search online, browse through you message boards, or even (gasp) talk to people in real life.
The only problem is that “buy-side vs. sell-side” is the worst way to categorize financial services firms.