Breaking into Equity Research via internship?

Dont really see that many listings for equity research sa 2022 internships like I do IB or S&T. I understand that the recruiting for er is a bit more sporadic in nature, but I was wondering what firms recruit for summer analyst er programs. Thanks 

7 Comments
 

I applied for some equity research internships less than a year ago for this summer. I went through my e-mail and found my old applications maybe they could help. FYI I applied to all of these in August-September, I'm not exactly sure when those applications had opened up but hopefully that time frame gives a good idea. 

JPM, CIBC, CS, Piper Sandler, MFS, Raymond James, Manning & Napier (if you search deep you can find smaller shops like these). 

For what it's worth, Piper Sandler had quite a bit of ER internship postings for different coverage groups as well. 

 
Most Helpful

One way a bunch of folks in ER (especially biotech) break in is through direct industry experience for 2-3 years and then breaking in at a top firm to cover that sector. Seen this a bunch of times at Evercore ISI, JPM, AllianceBernstein's research teams (& most top shops). 

I would only do this if you have a very specific sector in mind and internships aren't working out. IE for whatever reason you want to cover automotive, semiconductors then this is a pretty solid way to get in

 

Natus explicabo quis mollitia soluta. Possimus temporibus qui itaque minima temporibus ea officiis asperiores. Illo distinctio adipisci qui.

At eum a quasi repellat non aperiam. Nam aliquid laborum corporis voluptas nemo. Cum porro voluptatum molestiae. Officiis est totam aut nihil sint ut.

Architecto sapiente sit quasi. Facilis autem reiciendis qui ducimus. Quae nesciunt est omnis omnis libero. Maxime totam eos ducimus dolores explicabo aut.

Voluptates magni id sunt corporis tempora nam harum. Ducimus consectetur vero nemo tenetur tempora est illum quia. Eos cum velit unde vel. Qui voluptatem quae beatae nesciunt libero reprehenderit.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.2%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 01 98.8%
  • Evercore 01 98.2%
  • BMO Capital Markets 12 97.6%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.8%
  • Morgan Stanley 05 98.2%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (43) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (75) $151
  • Intern/Summer Analyst (65) $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
kanon's picture
kanon
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
Betsy Massar's picture
Betsy Massar
98.9
6
dosk17's picture
dosk17
98.9
7
GameTheory's picture
GameTheory
98.9
8
CompBanker's picture
CompBanker
98.9
9
DrApeman's picture
DrApeman
98.9
10
bolo up's picture
bolo up
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...”