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| +37 | Anyone worried about getting laid off? SomePleb Title says it all. Would be interesting to get a poll going including firm size (bb/<abbr title="middle market">mm</abbr>/etc) and sector. | 42 |
| +31 | I'm a Senior Sell-Side Research Associate, AMA Street Smart Quick Bio: I'm in sell-side research and have been for 4+ years now covering the same sector. Prior to research I did a few years in a finance-related role that was moderately applicable to my current role. For the people who care, I went to what would be labeled a "non-target"... | 50 |
| +19 | I was in Equities Research for 10 years in Asia – Ask Me Anything bankingtostartup Just some brief background about myself. I started in Australia working as an Actuarial Analyst and moved to Hong Kong just before the Financial Crisis. My first job at an Investment Bank was at a Bulge Bracket doing Data Management for their Equities Research Department. Eventually, I got... | 47 |
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WSO Hall of Fame: Equity Research WallStreetOasis.com The Wall Street Oasis Equity Research Hall of Fame provides a comprehensive collection of some of WSO's best discussions on the equity research industry. Keep in mind this Hall of Fame does not include Q&A sessions by WSO veterans. To view a full list of Q&A’s & Interviews please navigate ... | - | |
Recently Active Topics | Replies | |
| +5 | Equity Research SA 2020 Thread arsenalfan Wanted to create a thread for ER recruiting. If you guys could send updates on apps and interviews that would help everyone. From what I know: -Citi is done -Baird is almost done I know there are also a couple of apps open: -MS -Lazard -CS... | 41 |
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| 0 | efc: Research analysts are the cockroaches of investment banking Braininajar https://news.efinancialcareers.com/us-en/3001662/research-analysts-are-cockroaches-of-investment-banking?_ga=2.7635890.1422321379.1563542473-1823802624.1563542473 Article on efc comparing ER to cockroaches in terms of resiliency. A worthwhile read for any of the younger / industry folks on this bo... | 0 |
| +2 | Expected Compensation 1st Year Associate ER? Spike Spiegel I haven't been able to find great comp. information for 1st year ER associates. What do compensation packages generally look like for this job; please format (sign on, base, bonus range) and note the type of firm. I'm mainly looking at BB's.... | 10 |
| +6 | Career advice breaking into ER post grad timmyt I am currently an incoming senior at a target school majoring in economics doing an internship at a bulge bracket in their wealth management division. During this internship I’ve come to the realization that wealth management isn’t what I thought it would be and it isn’t exactly for me as I’... | 9 |
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| +2 | ER in San Francisco (Medtech) NeverOutOfTheFight Hello Folks, I am trying to break into ER this coming fall in SF (or LA in the worst case scenario), specifically for the medtech/healthcare industries. I have been looking around Linkedin for top analysts, and noticed that they are all mostly located in NY. What are some of the banks that have str... | 6 |
| +1 | Rating Agency Group Selection billionsandbillionsandbillions Hey everyone, I had a question regarding group selection at a ratings agency-figured this forum was probably the right place. Firstly, I just wanted to know what the group selection process looks like for a full-time program at a CRA. From what little I've heard, at least at Moodys, Fitch and, S&... | 1 |
| +1 | Comp for post-MBA Associate? ERAso2019 What comp should I expect as a post-MBA Associate, both at a BB and more of a MM-type place. Have ~5 years cumulative of consulting/IB experience in similar industry to what I would be covering in ER. I got an offer, but I'm concerned that it's basically a high-end undergrad Associate offer... abou... | 1 |
| +2 | Emailing Analysts on ER reports Macallan 25 Hello, I have been thinking of doing this for some time, but need some advice. I am trying to use ER reports and models to look for internships/FT ER roles for this coming fall (mainly FT). I have realized that ER reports are good sources for contacts since they list their work emails, but I wanted... | 5 |
| +4 | To All Those Who Cold Called Into ER monkey10011 I'm a super non-target here, with no experience. I've been out of school for several years now, looking to break into ER. So I passed CFA L1, learn to model, built a DCF analysis, and I'm currently networking to try and get my foot in the door. I sent out about 100 emails, got like 4 responses. From... | 19 |
| +1 | JPMorgan Equity Research 2020 jshiner Did I miss applications for JPMorgan's 2020 Equity Research Internships, or is it under some obscure name?... | 1 |
| +2 | On the Job - Question FundayMonday Hey guys, Just wondering if anyone knows where to find when a company a going to release their earnings. One company i'm looking at had their Q3 fiscal period end on June 30th, but i'm not sure when I should expect they will release their earnings. Any help would be greatly appreciated!... | 3 |
| +3 | ER technical accounting question ALLCAPS Hi all, Prepping for interviews, I saw this on Glassdoor for a BB ER job, not sure how to answer it. How are the three statements changed when a company begins to capitalize R&D? Why would a firm capitalize R&D? I was under the impression you cannot capitalize R&D costs under GAAP and has to be... | 6 |
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| +37 | Anyone worried about getting laid off? SomePleb Title says it all. Would be interesting to get a poll going including firm size (bb/mm/etc) and sector.... | 42 |
| +1 | —-Deleted—- _k Okay so ——Deleted—— Know this in the ER forum and might receive biased opinions but any thoughts appreciated!... | 1 |
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| +19 | I was in Equities Research for 10 years in Asia – Ask Me Anything bankingtostartup Just some brief background about myself. I started in Australia working as an Actuarial Analyst and moved to Hong Kong just before the Financial Crisis. My first job at an Investment Bank was at a Bulge Bracket doing Data Management for their Equities Research Department. Eventually, I got an Equi... | 47 |
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| +1 | so what's ER really like now, anyway? earthwalker7 Background: I did an IBD rotation program a bunch of years ago, which included a 3 month rotation in equity research. I enjoyed research. I liked learning about new industries, new companies, new technologies, etc. Writing came relatively easily for me, and the modeling was not as crazy as i... | 2 |
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| +3 | ER Writing Test - 48 Hours holdupyeah Hi Guys, I have a "short writing sample'', no model, due in a 48 hour time window for an ER position. I have IB experience, but not ER. Any clue as to what this writing sample may entail? Thanks!... | 8 |
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| +1 | How long do mid caps stay as mid caps until they become large caps or fail? What is the average of mid caps? 100 1. How long do mid caps stay as mid caps until they become large caps or fail? What is the average of mid caps? 2. What are the answers to small caps? How long does it take for them to become mid or large caps? Not sure where to find the information but I am just curious. Thank you for your help! ... | 1 |
| +1 | How to find PE ratio and other price multiples for Russell 2000 (Small Caps) and other indexes (Other asset classes)? 100 Happy 4th of July! Anyone knows how to find PE ratio and other price multiples for Russell 2000 and other indexes? Hoping to find a way to compare how expensive each equity asset class is? Is Large Caps more expensive or cheaper than history and to Mid Caps or Small Caps? Any help would be much ap... | 2 |
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| +3 | Credit Suisse ER interview ALLCAPS Hi all, Received an invite to interview for an ER associate role at CS NYC. Looking for some guidance as I am a career switcher with a weird background for ER (US non-target to corporate strategy in the USA, to 2yr strategy consulting in Hong Kong, now back in US due to family health looking for n... | 5 |
| +2 | Recent Graduate Searching For ER opportunities during Off-Cycle Spike Spiegel I recently graduated from a target/semi-target, and am now recruiting for sell-side ER positions during off-cycle recruiting. I spent most of my senior year overloading classes and writing a thesis, so I only interviewed seriously with one AM company during the school year. Since there are so few ER... | 1 |
| +22 | Attached - Equity Research Template Examples rajsmith Hi WSO, A lot of people have asked me for equity/industry analyst report templates. In response I have attached a few BB/MM examples from JPM, GS, BMO, MS, BAML,RBC, Nomura. Enjoy! https://mm.JPMorgan.com/EmailPubServlet?h=-otaf686&doc=GPS-961848-0.pdf http://www.mauldineconomics.com/images/u... | 56 |
| +1 | Factset Difficulties onion So I have access to factset and i have been trying to sharpen my modeling and i feel like I'm doing it right (i have a template bc of a course I took), but for some reason my NWC and projected D&A is way too high (I'm a senior in HS attending a semi-target next year. Is it factset or am i doing some... | 1 |
| +1 | Is it common practice for equity analysts to share information with each other? An-Ping-Lin Dear all, I am curious about whether equity research analysts would share information with each other. If yes, does it depend on whether they work at the same brokerage or not, and how may such information sharing take place? Thank you very much! AP... | 1 |
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| +1 | Pre-MBA ER Internship and MBA Advice? bryan7495 Hi Guys, I was hoping someone would have some insight it ER recruiting. In regards to pre-mba internships, what's the general consensus on this topic as it relates to ER recruiting? I've seen many people state that pre-mba banking related internships would provide a massive leg up for those looking... | 2 |
| +1 | Got Some Questions While Building Sales Forecast Models... TonyF Hey I'm really just a newbie in ER so please bear with me. My role is also different from traditional ER associate. We have a data science team that supports research (I guess many banks do) and I have been trying to build some sales forecast models for our analysts. Initially the analyst was just ... | 1 |
| 0 | Breaking in from Asset Management adam2014 Hi, I've worked as an analyst for the endowments and foundations group at a MM bank for close to four years. Most of my work experience involves fund manager due diligence, portfolio construction and optimization, asset class research / recommendations and portfolio level attribution analysis. Mana... | 5 |
| +1 | BB ER Off-Cycle Internship Preparation THE_JOKER Hey, I got the opportunity to do an off-cycle internship in Sell-Side ER at a BB in London. Since, I just completed my degree, I now have about two months to prepare properly for that internship. What do you think are the most important skills, knowledge, etc I should learn or focus on in order to... | 1 |
| +1 | Switching Sectors early on IPAs and IPOs I am currently in ER (4-6 months in current sector). I really like the nature of the work, but I don't enjoy my sector at all and doesn't help that it is also incredibly out of favor. How long do I have to wait until looking for other opportunities, and what is the best way of going about this witho... | 2 |
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| +1 | Bloomberg Help Desk Lamushi Is it just I or the Bloomberg help desk is just useless? One hour going back and forth with them for a simple query question only to get transferred five times to different people and tell me that they can't figure it out. How do people get hired for that job? ... | 1 |
| +1 | What to write on research report as analyst name, when analyst is leaving firm? HBAC33 Hi everyone! I'm an equity research analyst, and have just finished writing an in depth sector report, which you could consider my swansong, as I'll be leaving my current employer (a sell side brokerage house) within a few days. It is actually most probable that the report will be disseminated after... | 1 |
| +1 | Does Anyone Have a PDF Copy of Best Practices for Equity Research Analysts EnthusiasticEquity Hey Monkeys, Can anyone here send me a PDF of Best Practices for Equity Research Analysts by James Valentine. Amazon is selling it for $37 in my country which is ridiculous. Pls help.... | 1 |
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| +3 | ER to HF or other buy-side: What should I learn? Thelonius Monkfish I'm starting a job in ER out of undergrad and would like to eventually move to a HF or other buy-side role. What should I be learning/focusing on?... | 4 |
| +1 | Modeling+Writing exam kma2139 Hi everyone, I have a modeling+writing exercise coming up for an ER role. I have been in credit/fixed income for the last 3 years, and not sure what to expect on the exam. I really wanna make the switch to ER and hope to do well on this exam. Does anyone have a model and/writing template or any ti... | 1 |
| +5 | Equity Research writing test+modeling test next Tuesday, seeking for advice ashleyho Hey guys, I am going to attend a 2 hours writing test + modeling test for an ER position next Tuesday, since I dont have any experience or much knowledge about ER, could anyone give me some advice on what the test might cover or what should I prepare for it? Thanks.... | 143 |
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| +3 | Negative Terminal Values--Growth Rate Exceeding WACC? Please Help Orangutndm Start up firm. The growth expectations way exceed WACC. This creates a negative Terminal Value when run using the (FCFF)/((WACC---GR)) Gratefully, Monkey... | 7 |
| +2 | Reaching out internally ffiinnnaance Hello, So unfortunately my summer internship fell through. So rn I work at a shit dept at Citi and I have one semester left to finish my masters in finance. My question is if I reach out to people in ER internally via IM asking to meet for coffee to learn more about what they do/what they look fo... | 4 |
| +1 | How many candidates in each interview stage at BB teachmepls0101 Hi everyone, I am currently interviewing for an associate position at a BB and was just curious about how many candidates are interviewing per interview stage/round. I just finished interviewing with the senior analyst (Round 3). I've broken it down to how I was interviewed. Round 1: Phone Inter... | 1 |
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| +11 | Leaving Equity Research millennialjobhopper Hi all. Wanted to get some views from ppl in the business on career path-ing. Bit about me, I was an accountant, went to a shitty grad school, lucked out by breaking into BB (lower tier) ER and have been at it for about 5ish years give or take. Money is decent (~250 all in) but hours are crappy. I... | 24 |
| +1 | Easiest/Best Way to Follow Assigned Companies Without Expensive Software Chasthetics Hello all! I just recently graduated from school and as my first real job have started a very non-traditional APAC equity analyst gig in a developing country. Basically, I'm helping my employer (a real estate company) reinvest money made from its main business, doing both portfolio management and U... | 1 |
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| +2 | Banks/FIG ROE Question PacioliBoss Does ROE improve when a bank grows deposits more than loans? For a non-financial institution, it would make sense that increasing liabilities while holding assets and (for purposes of example) profit constant would be akin to levering up and would improve ROE that way. But for a deposit-taking inst... | 6 |
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| 0 | State of ER Industry cozy26 Title says it all. Recently have become more interested in ER. I have been browsing some ER forums and have read about potential fee compression as a result of MIFID, as well as some teams trimming their research staff size to keep it leaner. Curious what you all in the research world think about th... | 1 |
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