Significant movement on the sell side of institutional equities this year has revealed fierce competition among banks to acquire talent. Compensation has not been the predominant driver for analysts to switch employers, however, as most equity platforms continue to be cash-strapped.

Career-development opportunities, resources allocated to analysts, and the marketability of their research products are key drivers this year. Sectors in strong demand are internet, industrials (autos), healthcare and utilities (clean energy). Heading into next year, equity businesses will continue to try to capture market share as asset managers continue to grow their China-focused fund business.

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