Jul 09, 2020

Does Anyone Have List of Firms for Equity Research

Hi, does anyone have a list of firms that recruit undergraduates for internships? I'm trying to find a list of places that I can apply to or cold email. Thanks!

409 WSO Academy Equity Research Session Reviews: 4.83/5

Class of '25 Nov 2026 Cohort

5.00/5

Equity Research Career Roadmap (optional)

“Chris was very easy to talk to and made the session feel relaxed and genuinely useful. He gave me clear, actionable tasks that I can go away and work on straight away to expand my network. I hope to reconvene with him at a later date to discuss the progress I have made and get his feedback on the work I have been doing.”

Springfield College

Class of '29 Sep 2026 Cohort

4.85/5

Equity Research Mock Coffee Chat

“Craig gave me a really clear picture of how sell-side equity research actually works. The biggest takeaway was that research is a service business built on trust, not on picking stocks, and that analysts are paid on rankings rather than on whether a call is right. He was honest that even a 60% hit rate is excellent, and that it matters more to understand where you went wrong than where you were right. I also liked his point about not being “unintelligently wrong”: own the mistake and explain it well. On the practical side, he told me to start now by running a blog, posting on Seeking Alpha, using Koyfin as a cheap Bloomberg alternative, and using AI to draft commentary so I have more time to think deeply and explore other sectors. He also explained that research recruiting is much more targeted than IB, since sector teams are fairly autonomous, so I should reach out to senior analysts in specific sectors and recommend based on fit. His own path from no finance background, through China, to Wharton was encouraging. My one suggestion would be a quick walkthrough of what a strong first report looks like beyond the core pieces (recommendation, risks, summary, price target).”

See All 11,598 WSO Academy Reviews

8 Comments

rich_toad

Most Helpful

Just a list of most sell-side if that's helpful.

JP / BAML / MS / Evercore ISI / Citi / Barclays / UBS / RBC / Wells Fargo / Sanford Bernstein / GS / UBS / CS / DB

Cowen / Susquehanna / Jefferies / BMO / Macquarie / Oppenheimer / Robert Baird / Stifel / William Blair / Suntrust / Guggenheim / JMP Securities / Keybanc / Piper Sander / Wedbush / Mizuho / Instinet (Nomura) / Raymond James / BTIG / Janney Montgomery Scott / Cantor Fitzgerald / Stephens / MKM / SocGen / Loop Capital / Canacord Genuity / Scotiabank / TD / Berenberg

MoffettNathanson New Street Research Wolfe Keefe, Bruyette & Woods (KBW) Clarkson Shipping Telsey Leerink Partners Needham Melius Research Gordon Haskett Nephron Research Seaport Global

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Authored by: Certified Asset Management Professional - Research AnalystCertified Asset Management Pro

rich_toad

And yeah ... Instinet / Nomura just shut down yesterday:

https://www.bloomberg.com/news/articles/2020-07-14/nomura-to-close-u-s-…</a">Nomura to Close U.S. Instinet Research Arm, Cut Analyst Jobs

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Authored by: Certified Asset Management Professional - Research AnalystCertified Asset Management Pro

SimCard

and CLSA

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Authored by: Certified Prop Trading Professional - Operations AnalystCertified Prop Trading Pro

Anonymous Monkey

Find a sector or sub-sector are interested in and try to pick 10 companies from different market caps (Huge to Tiny). Go to investor relation section (or stock price information) to see analyst coverage. Hope this helps.

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anon67

what year are you? how much time do you have?

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Anonymous-monkey

I'm an incoming Junior

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Anonymous-monkey

Going off of that, do have any idea when the majority of these places will start recruiting?

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Intern in IB - Gen

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+13	Is Equity Research Dying - Where Are the Future Opportunites?	4	2d
+10	Associates who stuck around for > 5 years working for the same analyst. Why?	4	1w
+9	Detailed Revenue and Cost Builds	3	1w
+7	Analyst with no coverage or ranking	5	1w
+6	Preparation for grad scheme - buyside ER	1	8h
+1	IB SA -> ER FT	4	2w
0	Equity Research Rankings	1	1w

1	redever	99.2
2	BankonBanking	99.0
3	kanon	99.0
4	Secyh62	99.0
5	GameTheory	98.9
6	CompBanker	98.9
7	DrApeman	98.9
8	dosk17	98.9
9	Betsy Massar	98.9
10	Linda Abraham	98.8

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Does Anyone Have List of Firms for Equity Research

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Does Anyone Have List of Firms for Equity Research

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