What is the difference between buy side equity analysis and sell side equity research?

any difference?

it seems that HF tends to call the job equity analyst, whereas sell side firms call it equity research associate/analyst.

Is the buy side one more investment focused? Their reports seem to have contents like technical analysis, asymmetric investment, etc. whereas sell side reports are more fundamental based.

Am I completely lost? If anyone could help, that'd be greatly appreciated!

 
Best Response

Yes you are completely lost. Buy side and sell side analysts generally use the same title nomenclature. You can look at the FAQs section but sell side analysts work for investment banks or independent shops and are the knowledge center of banks were they drive business by coming up with an investment idea, broking it to clients so they in turn generate trading commission for the firm. Buy side analysts work for asset managers, long onlys and hedge funds were they help the fund manager come up with investment/trade ideas that they use to trade their own funds. Also buy side doesn't write any public reports as their main goal is generating alpha for the firm and keeping their ideas a secret from competitors.

 

Vel consequatur aspernatur sed ratione possimus. Illo vitae eum voluptatem ratione tenetur incidunt odit provident. Distinctio voluptate id et inventore placeat inventore voluptatem. Quos reprehenderit blanditiis blanditiis dolores doloremque exercitationem.

Exercitationem ipsam beatae error sed omnis numquam. Sequi architecto vel omnis dolorem tempora aut eos beatae. Illo iure perferendis et magnam. Modi omnis quaerat quia qui.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
CompBanker's picture
CompBanker
98.9
6
kanon's picture
kanon
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
numi's picture
numi
98.8
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”