So I was just extended my first job offer since graduating.

It's a long term temp position in the FX Operations department. I'll be working in the account management area.

Nothing to glamorous, but I am indeed happy to be employed and at least its in finance.

I have other things still in the works for some other ideal job opportunities that I will still pursue. Ideally I would like to end up in equity research or IB.

With that in mind, how can I go about using this position in operations as a stepping stone to reach my ultimate goals.

If I have been in contact with somebody in IB there, can I inform them and offer to stay late and help? Ask if I can shadow when I'm done with my hours?

Posted this in ER forum but wanted to post here as well as I felt this forum gets the most traffic.
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So just want your guys' inputs/opinions as to my situation.

I graduated from a non-target state school in 2009 and did a FLDP program at a top BB post graduation. I did it for 2.5s yrs and realized that I did not want to do internal finance for a long time and instead wanted to go into asset management/equity research.

So just want your guys' inputs/opinions as to my situation.

I graduated from a non-target state school in 2009 and did a FLDP program at a top BB post graduation. I did it for 2.5s yrs and realized that I did not want to do internal finance for a long time and instead wanted to go into asset management/equity research.

I am currently an ER intern at a buyside shop. My boss gave me a company to look over and create a thesis on. The company created a new product line and combined the new line with an existing line. The company also provided no guidance regarding % breakdown per unit, just a flat growth rate. Any advice on how to model these two separate products or do I use the flat growth rate?

Thanks

I've attached a copy of my resume. Please try to focus on the professional work experience portion of my resume, since that is the one I recently updated and has not been reviewed by anyone yet.

A few things you should know:

-The lead analyst at my ER internship is a prop trader and does not give a fuck about anything we do.

-My ER internship is basically a SeekingAlpha internship under the title of "Junior Equity Research Intern" at a prop shop.

I am having an interview with a financial planning firm (they have over 10,000 financial advisors) for the ER/Mutual fund summer internship position. They do not trade their own money so all their ERs are sell side and their mutual fund analysts are just like monitors/interviewers of the mutual funds for their clients. Currently, the equity research division has the same size as the mutual research division but the mutual fund part is growing faster than the latter one. Thus, i am wondering 1. if i become a mutual fund analyst, what is the chance i can get a job at a mutual fund company in the future since this company does not have the fund for me to manage? 2. if i become an equity analyst for this company, what the best exit opportunity could be?

Would this be a step up? Should I make the move??

Created this same thread last year and it had a good response so thought it would be helpful to do it again. I get a sense that the street was down across the board this year but all of the focus is on IBD and not ER or S&T so there's very few data points. It's helpful to collect as much comp info as possible to understand the health of our business and also for people to know whether they're fairly compensated. Obviously privacy/anonymity is important here but fill out something generic if you don't mind, as I have done below.

Firm Type: MM (Jefferies/RBC/Stifel)
Location: NYC
Role: 3rd/4th Year ER Associate
Base: 90k (unchanged, no raise)
Bonus: 50k cash (flat Y/Y)

I applied for an ER internship at a prop trading firm. They want to hire me to write articles for a third party website and they claim I will have a professional staff to guide me through the process. I'm just a little confused why a prop trading firm would have an incentive to do something like this. I'm also confused why their response to my application sounded more like an offer than an invitation to an interview.

I'm still considering taking it just to improve my resume. It's over the Spring semester and it's part time, so all I would have to do is drop my music class, which I'm struggling to pass anyway, when it should be an easy A course.

I'm thinking fuck my music class, take the internship, and take art history some other semester.

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Are we talking several weeks or several days? Does the amount of time change much between estimating a P/E multiple and projecting 1 year earnings, or modeling a DCF 5 years out?

What do you guys think of the cleantech sector in terms of starting out? How is the trading volume in the space?

I would imagine analysts get to make big calls on some names which might add to their cache and maybe some value.

Incidentally, how good is it to be in the II rising stars list?

Hi
I'm a senior analyst at a small EM bottom-up equities hedge fund (AUM<100M). And I was wondering how many companies do analyst at this kind of fund usually follow.

I have to maintian the models of 80 companies or so (some of them are small caps companies within small industries and without much info out there... and obviously not covered by sell side analysts), keep track of the fund performance, prepare keynotes for the investment committee and propose changes to the portfolio. I also have to network with prospective investors. And I'm getting worn out.

My friends who work at mutual funds say the analysts in there follow just a couple of industries and 12 or so companies. And spend most of the time feeding the PM's and talking to institutional clients.

Hi Guys,
I am joining a top BB's ER division fulltime and we have to go through the matching process when we start training in June. I am planning to reach out to Analysts in the groups I am interested in the meantime.

Hey everyone, I was wondering if I could get you guys to critique a report on RIMM I recently put together:

http://www.scribd.com/doc/119507200/Rim-Report-Dec...

This is not an equity research report per se, and is thus extremely light on valuation and fundamental projections.
What I tried to do is provide a general company overview and some novel insight into short term stock price drivers at the request of an acquaintance. It was published just before their latest earnings release.

I would really appreciate any criticism and advice you guys could provide in terms of structure, content, writing style etc.. This is my first attempt at something like this and I'm sure there are plenty of holes.

Thanks a bunch!

I have a pile of SB's ready for action.

Long story short, my firm decided to close down recently so I am out of a job. I got a short list of headhunter contacts already, but was hoping someone on this site could PM me some more. Thanks.

So I am currently working part-time for a tiny Equity Research company that is close to school and I have upcoming interviews for Sales & Trading. I also have other solid internship experience in Equity Research Sales at a strong MM in New York.

How could I leverage my current ER experience? Are there any specific skill-sets i've acquired that I should really stress in S&T interviews? I have always known I wanted S&T but just wanted to build a strong financial foundation to supplement my studies.

Since all my experience is in Equities, how could I show I am good fit for other securities products? Although it was only Research Sales I still have a solid understanding of how S&T works without having worked on a trading desk.

Cheers!

Has anyone had good experience with headhunters that specialize in equity research? Any names would be appreciated.

Recently heard from someone in the know that all in comp in ER/S&T is expected to be down 10-20% this year at my firm (big MM). This is a tough pill to swallow but I guess to be expected with poor volumes. Moreover, 2 senior associates have recently been laid off for dubious reasons. I'm starting to think that the senior/experienced ER associate position is the walking dead. Why pay an associate 150k+ when there are less experienced people willing to work for 1/2 or 2/3 the amount? Of course the analyst will be furious but they should just be happy to be employed in this market. Has anyone else seen a similar trend or heard early comp expectations?

Will the hurricane extend earnings season? I'm just curious because I plan on meeting up with some equity researchers (non-NY), but they said wait until earnings season is over, then they'd love to chat....

So going through the forums there seems to be a very large range in terms of first year ER associate compensation.

From what I have seen, the most common figures seem to be:
- 65-70k base
- 10k sign-on
- 0-30k bonus

Are these figures still correct for NYC BB ER?
Where do bonuses usually lie within the 0-30k range (lower, middle, higher)?

Hi, I come from an engineering background, and I cam currently getting a masters in economics. I am not a huge fan of "creative" writing papers, so would pursuing ER be pretty much useless?

I really enjoy the research and talking about my data and expressing my opinions, but will the reports require a lot of fluff and fancy grammar?

Fellas, I'd greatly appreciate your advice/comments on this one. I might have the opportunity to join the ER division of a decent house. However, I am a bit concerned about two things.

1) Given my strong interest (and background) in macro and maths, Fixed Income or FX might be my final destination. I am afraid of being "stuck" in ER. Is this justified, or is the job rather a chance to get a foot in the door?

2) What about the short- to mid-term prospects in ER as volumes are still low and everybody is slashing jobs? Do you thing this has an immediate impact on a jr. associate? What would you consider sectors with a "brighter" outlook?

Cheers!

I'm an engineer looking to potentially break into finance, and specifically ER. There are plenty of articles on wannabe engineers-to-finance, so I'll leave anything pertaining to that off for now. What I want to specifically ask is related to my personal situation.

I currently manage a sizeable sum of my family's wealth through a family investment partnership (When I mean sizeable, I mean sizeable to the real world, not to Wall St, though I'm still damn proud of it). Since I work in technology, I don't have to deal with any specific potential regulations like I would working in ER. As an associate or analyst, what sort of limitations do you have regarding your personal investments? Are you required to provide disclosure to all investment decisions you make whenever you make one?