 | Topic | Replies |
|---|---|---|
| +2 | WSO Hall of Fame: Equity Research 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 ... | 2 |
| +1 | Equity Research analyst pay formula I heard that many equity funds compensate analysts with a formula to gauge their contribution to fund performance. My questions: 1. How is the formula structured? By attribution or something else? Any numerical examples? 2. Does the size of the sector you cover matter? Say you cover a sector that ... | 5 |
| +1 | Equity Research vs. ConsultingSo I have a bit of a dilemmma. I work for a boutique pharma consulting firm and am looking for the next opportunity. While I was thinking of trying to lateral to a bigger firm focused on pharma/biotech (Clearview/IMS/ZS), I am interested in equity research as well and passed the CFA Level 1 in Decem... | 1 |
BlackRock - Interview - Equity Capital MarketsBehavioral questions about some situations which happened in the real work 1. When you start a new day work, and you received a lot of emails from your boss and clients, and there are several tasks that needed to be done. How would you deal with this situation? I think this situation is high depen... | ||
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Roth Capital Partners - Interview - Equity ResearchNothing was that out of the ordinary. They did ask a couple industry specific questions but they were completely understanding if you did not know the answer to it. They seemed to be more looking for interest and an ability to think for yourself while formulating something coherent. They asked about... | ||
| +1 | Banks/FIG ROE QuestionDoes 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... | 4 |
| 0 | Most Important things to know going into an ER interviewHi guys, I have been dead set on going into IB which means that as a hardo I understand valuation techniques and have a good understanding of IB as a student (thanks to WSO, WSJ, and Mr. Rosenbaum and Pearl) but would like to know how different the interview questions for ER. I have recently seen t... | 0 |
| 0 | Finally landed a job in ER: What to expect?Almost unbelievable, I was able to land a job in ER 6 months out of college. As a little background, I graduated from a completely unknown school and had no internship. The position I was able to land is at an FIG IB. I’m still pretty shocked I was even considered, much more so that I actually got... | 0 |
| 0 | Equity Research at Bulge Bracket AMWhat's the pay like for a buyside junior research associate (out of undergrad) at a large bulge bracket asset manager (think GSAM, JPMAM, etc.)? Offer letter says $85K base and I know the lifestyle is nice - but what about year-end bonuses? Should I expect the same ballpark as regular AM analyst pay... | 0 |
| +1 | Getting sponsorship to take the Series 7 and Series 66I am trying to take the Series 7 and 66 a year from now and have started studying. I have been looking for a FINRA firm to sponsor me, does anybody know which firms are easier to get sponsorship from? I am still in college and want to have this designation before I graduate or right around the time ... | 39 |
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KeyBanc Capital Markets - Interview - Real EstateI was interviewing for the REITS position. not much on the technicals but more on the interest of Keybanc and the REIT Industry. A question I got stuck on was real estate prices in Texas vs New York. The MD wanted a simple answer and I went on stating different factors such as Jobs, GDP per capital,... | ||
| +25 | Career Ladder: Equity Research vs. Investment Banking - (A Definitive Guide, Part 3)Hey everyone...sorry to take so long for part 3 of equity research vs. investment banking. For those who missed the first two parts, see the links below: [Work/Life Balance: Equity Research Vs. Investment Banking - (A Definitive Guide, Part 1)](https://www.wallstreetoasis.com/forums/worklife-balan... | 28 |
| +5 | Equity research reports - BB technology TMT industry reportsmsg me if you would like copies - comprehensive industry reports - full length... | 57 |
| +7 | Equity Research 2019 intern recruiting?When does recruiting for 2019 internships start in ER? I know that IBDs has already started general recruiting but I haven't seen much for research divisions. Any info is appreciated. ... | 35 |
Raymond James Financial Inc. - Review - Equity Research*People are nice and welcoming, always happy to help out *Generally flexible work-hours, especially for interns. *Not much interaction with others; most spend their whole day in cubicles *Not much diversity, most people are from Florida ... | ||
| +1 | How Does Equity Research Recruitment Work?Just as the title says, how does recruitment typically work? Specifically: - Are new associates hired every year across all coverage groups? - Do you get to pick your coverage group when starting out? - Is there a time when all banks/independents are hiring new grads? Or is hiring done on an as-ne... | 1 |
| +1 | Wall Street Prep ExamsHey guys, just took the accounting pre-test from Wall Street Prep for my full-time ER gig coming up next month. Failed it with a 37%. How important is this thing? Should have studied through the courses but didn't. Plus it was a bit harder than I expected. Thanks.... | 1 |
| +1 | major BB equity research or no name boutique canadian IBD? (repost from IBD forum)I posted this on IBD forum. obviously, the audience is different, so i thought to get a different perspective. so, here's my question below: Which one is more desirable? Equity research at a very well respected BB (JPM), or an offer at a boutique shop doing IBD in the USA? the boutique ibd shop is ... | 5 |
| +1 | LSM program at upennHi, I'm a 17 year old from Colombia wanting to apply to the LSM program at upenn. Thing is, we don't have many research centers or opportunities here and I feel like LSM requires that you have done amazing research to get in. I have the chance of going abroad for research over the summer, but i'd l... | 1 |
| +1 | FCF consensus on BloombergBloomi keeps getting worse over the years... How do you guys derive consensus UFCF / EFCF? Cannot be bothered to go into analyst models and do it manually. FCF consensus on BB seems to mix UFCF and EFCF. Any suggestions? tx... | 1 |
Leerink Partners - Interview - Equity Capital MarketsThe interviewer asked a lot of technical questions at the very end. Such as: -Run me through a DCF - I nearly muffed and screwed up on this one but recovered quickly. Just be sure to explain how to estimate the revenue and justify why you select your discount rate (higher vs lower) -Are there any ... | ||
| +1 | Valuation Analyst to Equity ResearchHi Guys, Does anyone have an insight on how desirable a Valuation Analyst position would be if you're eventually trying to move in to an equity research associate role? (Regional). I am under the impression that it would have highly transferrable skills to ER from a financial modeling perspective a... | 1 |
Deutsche Bank - Review - Technology, Media and Telecom (TMT)A consistent paycheck and bulge bracket name on the résumé. Honestly, that's about it. I can't in good conscience recommend working there.. Deutsche Bank is a dumpster fire with no cohesive strategy, low morale, and morose colleagues. Avoid at all costs.... | ||
| +1 | IR Professional Looking to Move to Sell-SideHi- I went to a top 12 school with above 3.5 GPA and I majored in Economics. I am working at a buy-side shop in investor relations but am looking to pivot to the sell-side. I am open to banking and equity research right now. I want to earn more and learn modeling skills. Any advice on how to move? I... | 3 |
| +2 | Investment Write-Up Advice - Where To Start?I am currently looking for a PE, IB, or ER job/internship coming out of a non-target undergraduate school in California (the odds are against me, I know). I have been receiving mentorship from a portfolio manager in LA, and he recommended that along with my resume and cover letter, I should have an ... | 3 |
| +1 | New buy side analyst - Who are you seeking when you need more qualitative information of a company?As per topic, who are you seeking when you need more qualitative information of a company you covered ? Like business model , strategy, operating data etc. Do you ask the sell side analyst or the management directly? Appreciate for your helps. ... | 3 |
| +1 | Earnings CallI find that most of the EM companies never put the earnings call date and time on their company website. Does IR inform the investors/analysts through email after the subscription of email alert?... | 2 |
| +1 | Equity Research In Family OfficeHi everyone, I will be shifting into a family office outfit, doing ER there soon. Just want to find out what are some of the differences in terms of research process, workflow or any other things you think is relevant between boutique, family office and behemoths like Blackrock, Fidelity etc At bo... | 3 |
Piper Jaffray - Interview - N/AInterviewer was super friendly, very conversational. No technicals. Questions included: Why ER? Why Chicago? Asked a lot of questions about moving to the midwest. Compensation? Are you interviewing elsewhere? Which locations? 3 strengths? Walk me through your resume. Specific question... | ||
| +1 | where to get freelance researchHi, does anyone know good sources to pay for some proprietary equity research? Im looking for a somewhere I can request decent fundamental analysis on a stock along the lines of a buy-side value oriented structure or a sell-side Initiating Coverage report. I have little time and would like somewher... | 2 |
| +1 | Advice For ER Summer Interns Starting This Week? Hi all, Summer internships are starting tomorrow, and I thought a discussion about what advice/tips can be shared for incoming ER interns would be great. Any advice on how to stand out as an intern? Anything an intern should be aware of beforehand? ... | 1 |
| +1 | MS Question**delete*______________________________________________________________________________________________________________________________________________________... | 1 |
Goldman Sachs - Interview - Technology, Media and Telecom (TMT)I was asked why I wanted to make a career change and why equity research is where I'd like to go. I was then asked about what factors influenced by decision to apply. Other questions include explaining what my biggest accomplishments were and how I behaved/performed in my previous work environment. ... | ||
CPP Investment Board - Interview - Equity Capital MarketsThe most difficult questions were about the case study itself. You had to do a powerpoint to value Facebook. Some of the questions asked are: 1. What are the biggest risks facing the company? 2. What are the main opportunities? 3. Do you think the valuation makes sense? 4. How would you value a comp... | ||
Goldman Sachs - Interview - Equity Research1) What was the most interesting college course you took? (asked by MD on the phone). I definitely didn't respond by saying a finance/accounting course was the most interesting. I think they wanted to see some of your personality through this question. 2) What was on the front page of the WSJ this ... | ||
Morningstar - Interview - EquitiesWhat's a deferred tax asset and how does it appear on the balance sheet. If a company begins raising inventory, how does that affect valuation? If a company announces a huge stock buyback, how does that affect valuation. And then for my presentation, the key focus was on addressing the TAM for each ... | ||
| +1 | How to value a private automobile company (a joint venture; X and Y)? and its contribution to the intrinsic value of company XThere is a private automobile company (under development phase) which is a joint venture of two companies: X and Y. Company X is a public listed company. I need to calculate the value of the automobile company and its contribution to the company X value? I am making use of industry’s EV/unit mult... | 1 |
Raymond James Financial Inc. - Review - Oil & GasAccess to company executives and buy side managers. Deep exposure to industry specific research. Enhance knowledge of modeling and valuation. . Pay is not based on performance. Worst performers with best external connections are not held to the same standards as rest of the team. Internal leadersh... | ||
| 0 | What is the reputation of Manning and Napier?Exactly what the title says. Particularly as it relates to entry level employees. This is a firm that does not have much literature available on it and my linkedin network is insufficient to get the information that way. ... | 2 |
Castle Creek Lifescience Partners - Interview - HealthcareThe first writing sample was an in-depth analysis of the immuno-oncology landscape. Since the prompt was very broad, it was hard to narrow findings from various therapy areas into a few pages. Im sure I could have written a whole 100 page report, but an important part of the process was to identify ... | ||
| +1 | Question regarding applying for an associate positionHi guys, When attempting to network via cold call/email to seek out an informational interview, does anyone view this as a waste of time trying to get your foot in the door for even an informational interview (obviously with hopes of getting an actual interview) if a firm hasn't explicitly stated t... | 1 |
| +1 | Is Summer 2019 ER SA recruiting similarly accelerated?Title. Also would an ER internship 2019 look fine if I potentially wanted to do IB full time? Probably won't, since ER is what I'm passionate about, but I wanna keep my options open.... | 3 |
| +4 | Buy Side NewbieHi everyone. I'm a couple months (associate level) in at a boutique shop working directly under a PM(... | 17 |
| +1 | Fixed Income vs Equity Research Hi everyone, I have a full-time offer for equity research and one for fixed income research within the specialized products group both at JPM. I am quite unsure about what I want to do long-term, and I do not think I want to stay at a bank for most of my career. In which role would I learn more hard... | 1 |
| +1 | Low GPA - Non Target - Landed a research gig - HelpBit of background for context: Experience/Quals -Went to a non-target in AUS (Non Go8) - Low GPA - PWM experience - Ops experience Me -ENTP/ENTJ -Solid writing skills with a serious knack for compiling well written pieces -Consistent curiosity and thirst for knowledge (strong avoidance of complace... | 1 |
Goldman Sachs - Review - Investment ResearchPrestige: arguably the best known bank on the street, despite its Research franchise not being considered the best. Learning opportunity: sat next to some of the top ranked analysts on the street and listen in on their conversations with investors. Whether you like it or not, a lot of it sticks and... | ||
| +1 | What is the definition of "Mean Annual Return" in Yahoo Finance?What is the definition for "Mean Annual Return" in Yahoo Finance? The words lead me to believe it's an arithmetic mean of annual returns over a period (e.g. 3Y). But the values just don't make any sense to me. Taking VOO as an example, it says the 3Y Mean Annual Return is 0.88. This value isn't de... | 2 |
| +3 | Bloomberg Intelligence...any info?Hi All, currently looking into a role as an Equity Research Associate at Bloomberg Intelligence. -Is the experience comparable to typical sell side research associate? i.e. industry research, modelling, meeting with management teams etc. -Has anyone actually the read the research they produce, what... | 6 |
| +1 | Looking for Healthcare, Pharma, or Biotech Industry PrimersI am looking for some healthcare/pharma/biotech primers, primarily from BBs. PM me please if you have any primers. All help is appreciated.... | 1 |
| +6 | Equity Research sell side: how do you think the buyside should do better to interact with you?going to be starting in equity research at a mutual fund. i'll be be covering companies and so wanted to ask the wso community (specifically those working on the sell side) what are the characteristics of buyside analysts that you like to work the most with? what is your ideal relationship with buys... | 17 |
| +1 | Interview at Third BridgeHi fellow chimps, I've finally managed to claw my way to earning a jr research analyst interview from the depths of operational roles. Third bridge is the firms name and I'm trying to know what to expect and what to have ready. Do i need a stock pitch at the ready? Has anyone here interviewed/worke... | 4 |
| +11 | Choosing Between Buy Side vs Sell Side in Equity Research?So I want to do equity research. I know that there is sell-side and buy-side and, so far, I have a few distinctive arguments for both (see below). What I would really appreciate to find out is your views in terms of the experience quality that both offer. P.S.: Not trying to touch on things such as... | 34 |
| 0 | 3 statement dynamic model with projections templateHi Guys, I am in third round equity research interviews and have to put together a 3 statement, dynamic, financial model that is capable of doing not only historicals obviously but projections. Problem is, my group never uses these type of models. Does anyone have a template they could pm me (or i... | 19 |
| +1 | How to Forecast operating profit margin for service companies?How can we forecast segment operating profit margin for service companies which have multiple segments? Is there any way to forecast using historical operating margins? For example, if need to forecast operating margin for 4th quarter, is it okay if i calculate it by averaging operating profit margi... | 3 |
| +1 | The Joyous Process of HiringThis is more so letting me vent, so bare with me here. I've begun the process of hiring a few new analysts, and it amazes me that the job postings spell out VERY SPECIFIC base requirements and people just ignore this. Now, I'm not talking about "minimum 5 years experience" and the person has 4, no... | 73 |
Russell Investments - Interview - Equity ResearchWalk me through your resume Why russell, why finance, tell me about your resume. what data analysis have you done do you know excel/vba what do you know about this company what do you know about its business segments walk through resume explain how you’re a self starter What do you know about ... | ||
| +2 | CFA Level III Study PrepHey monkeys, The time is coming up quickly. The CFA exam is in 6 weeks. Does anybody have any advice in regard to studying for the multiple choice portion of the CFA Level III exam? The CFA Institute doesn't seem to post the afternoon (multiple choice) portion of past exams. How are you guys studyi... | 6 |
| +1 | Modelling Template for InterviewHi guys, does anyone have a simple financial statement modeling template they can share for interview practice? Thank you so much.... | 1 |
Robert W. Baird & Co. - Interview - Technology, Media and Telecom (TMT)Brain teaser: how many used cars are sold in the US every year? Pitch a stock, give specifics, need to know plenty of numbers Estimate how many cubic miles of water are in Lake Michigan. In one interview, we were handed a sample paragraph with a number of spelling and grammatical mistakes and a shor... | ||
Energy Aspects - Interview - Natural Resources1st Interview (technical) 1)few questions on my CV/past experiences ie FICC research 2)What is currently driving the price/demand/supply of oil 3)How would you go about forcasting the gaz price over the next week? 4) Why would an oil producer buy our NatGas research? 2nd Interview 1) Walk me throu... | ||
| +1 | Final round interview next week. Tips please!Hello everyone, Any insights on the type of questions and assessments (technical) would be greatly appreciated! This is my first time interviewing with PMs so I want to make sure I cover all my bases and more importantly, know what not to say/do to blunder myself. I was already inquired about techn... | 1 |
| 0 | Life Insurance Company Excel ModelI am trying to build Life Insurance Company excel model. It would be very helpful if some one can give me an example excel model of life insurance company. Please suggest any website from where i can download the model.... | 23 |
PNC Financial Services - Interview - Equity ResearchIt was all pretty basic. Just asked me about standard behavioral questions and basic technicals. Should be familiar with WACC and what affects it. How debt changes your wacc and thus valuation. Also basic accounting questions regarding the three statements and what flows through them. They also ask... | ||
| +1 | Assignment help OnlineStudents could often find it tough to write their academic tasks. It could lead to they not getting desired grades in the academics. Opting for our [Assignment Help online](https://www.allassignmenthelp.com/) could be ideal for such students and they can get a complete assignment solution from us.... | 1 |
| +14 | 1st Year Equity Research Analyst BB London - AMAHey guys, Long time lurker here, thought I would give back and add some value to WSO after learning a lot from here during the last few years. As the title states 1st year analyst (nearly 2) , have gone through the whole progression system; Spring > Summer > Grad position. I'm happy to answer an... | 46 |
SunTrust Robinson Humphrey STRH - Interview - Equity Capital MarketsAll questions were expected and average. the first call was about my background and availability, and an introduction to firm culture, working hours, and team dynamics. then I connected to the associate, he asked me to go through my resume focusing on my internship experience, why not continue stayi... | ||
| +2 | Equity Research in the 90sHello, how come Equity Research is not anymore one of the best jobs on the Street like it was in the 90s early 2000?... | 4 |
| +1 | Independent Sell-Side ER Exit OpportunitiesWhat are the potential exit opportunities for a sell-side equity research analyst at a large independent shop that primarily sells into wirehouses, e.g. Morningstar? Is this kind of experience, wherein you have your own coverage, respected by banks or anyone on the buy-side? I, too, have traditional... | 1 |
| +1 | Global Investment Research at GS (Insight on superday)I was just wondering what a superday for GIR will be like. More importantly how much of valuations will I have to know? Additionally any other insight would also be helpful. ... | 1 |
| +1 | How should I network for full time 2019 when I have a 2018 summer internship? Hi all, I am looking for some advice regarding a situation I am in. I recently got a BB internship in Equity Research for the summer of 2018 (my dream internship) and I am excited for it. At the same time, I still want to expand my network at other firms just in case full-time recruiting is neces... | 3 |
| +1 | Investment Analyst vs FI (Real Estate) Analyst for Port Mgr CareerI have 5 years of experience as an Equity Research Analyst with a F500 IM firm. I am looking at 2 new offers, 1 in a 3 year Investment Analyst program with a large AM firm and 1 as an Analyst with one of the 10 largest Real Estate investment firms in the US. Real estate firm pays more to start, the ... | 1 |
| +1 | Help: specializing in O&GHi All, I am a generalist, but have recently been assigned as an OO&G specialist. As i have no prior experience in this industry, I was wondering if any of you could point me to resources that would: 1. Help kickstart my baby steps in this industry (maybe value chain wise, technicals/fundamental k... | 3 |
| +1 | Need help with SS ReportHey guys, In need of some sell-side notes on a Financial Services stock I currently work on for a job interview - would really appreciate if someone could help out. Thanks all.... | 1 |
Morgan Stanley - Interview - Equity ResearchMost questions regarding equity research are straightforward, like metrics used to pitch a stock or how did you evaluate a potential buy or sell. One difficult question is about the distribution of stocks' performance given a universe. Risk-free return, market return, each stock's beta, Cov is given... | ||
| +3 | Perks of equity research I was wondering what perks are associated with sell-side equity research at different levels. What can be expected in the first few years if anything, and what do senior analysts get? Assuming this is at a bulge bracket bank. ... | 8 |