Buy-Side and Sell-Side Overview
One common misconception is that a career in repe will solely consist of buy-side work. This would mean all you do is conduct due diligence, buy buildings, and close big M&A deals. At some small shops, this may be the case. But as you grow more senior, the sell-side work starts to pick up. Traditional Buy-Side vs. Sell-Side Distinction Traditionally, buy-side vs. sell-side is used to distinguish between jobs at hedge funds, private equity funds, etc. (firms that buy things) versus work at banks, brokerages, etc. (firms that help sell things. In reality, the lines can get blurry. Through my career in real estate private equity and past life as a junior banker, I’ve worked on both sell-side and buy-side projects at both firms. Buy-Side Projects at the Banks The list of buy-side projects at the major investment banks is a bit more slim. It typically involves advising a sponsor looking to take a company private. Though you might also be advising a real estate company look...