Part 1/8:
The Deteriorating State of Wall Street Equity Research
In a recent exploration of the equity research industry, the frustrations of a seemingly dissatisfied market participant shed light on the declining quality and job security of Wall Street analysts. The speaker and self-proclaimed meritocrat shared strong opinions about the necessity for accountability in financial roles and questioned why inadequate analysts remain employed, particularly in light of a recent Bloomberg article detailing a 30% drop in analyst salaries as Wall Street cuts back on equity research.