Is equity research really as low-paid as often claimed?
Hi, I just started with college, but spent the long summer break before beginning my studies completing two, both in . One was a four-week off-cycle at a boutique (so sell-side research) and the other a ten-week at a large firm (buy-side research). I greatly enjoyed both and hope to pursue a career as an equity analyst, as the work really appeals to me.
I am, however, concerned that equity analysts might be far too low paid considering their great qualifications and skills. It's not that I were greedy or overly money-obsessed. It's just that I think someone who is very well qualified, intelligent and analytic deserves being appropriately compensated. I did not ask my colleagues what they earn, since that would have been impolite.
So my questions are: Isreally as low-paid as you can often read in the web? How much does an equity analyst at senior level at a (e.g. or ) make on average in an average year? Can you make a decent living as an equity analyst even if you are based in awesome yet unfortunately horribly expensive cities like London or New York?
Thank you very much for your opinions/ shared knowledge. I would greatly appreciate to hear from someone either working inor having worked in this field or having friends/ relatives who do/ have done.