A common career path of a research analyst begins in the sell side research team. When a research analyst feels that he or she has gained enough experience in the sell side research team, the next step is to move to a buy side research team. Receiving a high commission as a buy side research analyst is one of the most attractive reason behind the motivation. Despite this common career path, the transition is not easy.
So how do you do it?
Seek opportunities within your own firm
Being in a large firm gives you a great opportunity for a smoother transition. It should be known though, that many of your colleagues will be eyeing the same path. Besides maintaining a good relationship with staff in the buy side research team, another thing you can do to give yourself a competitive advantage is to get a CFA. It will not guarantee that you will be able to transition to a buy side team, but it will definitely increase your chances. However, if you are in a boutique firm that focus heavily on sell side research equity, the next two points might be more relevant for you.
Network with people from buy side research team
If you do not have the luxury of having an established buy side research team in your firm, you should attend networking events that many buy side research analyst will attend. As you will have a lot of opportunities meeting buy side research analyst when you are promoting your research report as a sell side analyst, make sure that you provide quality work. Leave a good impression on the buy side research analysts. You never know, you may be first on their mind when they plan to expand their team.
Keep a look out for job openings in a buy side research team
If you are extremely interested in moving to a buy side research team, make sure to sign up at all the job portals to receive the latest update on the job openings. This goes without saying.
The bottom line, keep working hard and make your efforts known to others. Your talent will shine through and you will definitely be recognised by your superior. Your transition to the buy side research team will be much smoother!