Equity Research Guides (Originally Posted: 07/03/2011)
Are there any good manuals/study guides out there that you guys have used to prepare for Equity Research interviews? All I have is Vault and BIWS...hoping to find something more specific to ER.
I used BIWS and that was helpful. Honestly, though, getting prepped for these interviews (and subsequent job offer) isn't about blowing them away with a stock pitch. Anyone with a finance degree can build a DCF or relative valuation model for a company, give a little analysis of the business/industry, etc. You have to remember who you're talking to when you're interviewing. If it's a sector-specific guy, they eat, drink, and sleep these names on a day in and day out basis, and you're not going to tell them anything they don't already know about their space, so be careful with the names that you choose to do work on. If it's more of a generalist, they can analyze anything, so it's going to be tough to really blow them away either.
The point of the interviews is more to see (a) If you have an understanding of how you actually do the work; (b) If you have a willingness to learn and grow; (c) If you can communicate well.
Don't get so bogged down in the minutia on these interviews, but focus on what they want to see. Of course, you do need to be up-to-speed on technical questions, but BIWS can help you with that, even just to look at the ER samples that are in the course. If you look at things this way, I think you should be fine.
Anecdotally, I freaked out over interviews, getting a pitch perfect in my mind, etc. After I was hired, they flat out told me that the pitch didn't even matter and didn't blow them away. Fundamentally, it was a communication and willingness to learn situation.
Equity Research Guides? (Originally Posted: 03/17/2011)
I'm a 2010 graduate non-target, been working in retail banking for the time being while networking in the Charlotte area to find small boutiques. I'm now considering a move up to NYC where I could find an analyst training program/internship.
Are there any good sites with equity research guides/blogs? Modeling?
Any good books?
I'd like to walk into these interviews with a solid sense of exactly it is an equity analyst (sell-side) does; not just the general gist-I want all the details. Someone even mentioned before building their own models/reports prior to these interviews and showing them off to employers. That would be ideal.
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looking for one too
http://www.wallstreetoasis.com/forums/overly-cautious-networking
Equity Research Guides (Originally Posted: 07/03/2011)
Are there any good manuals/study guides out there that you guys have used to prepare for Equity Research interviews? All I have is Vault and BIWS...hoping to find something more specific to ER.
I am Interested in this as well.
I used BIWS and that was helpful. Honestly, though, getting prepped for these interviews (and subsequent job offer) isn't about blowing them away with a stock pitch. Anyone with a finance degree can build a DCF or relative valuation model for a company, give a little analysis of the business/industry, etc. You have to remember who you're talking to when you're interviewing. If it's a sector-specific guy, they eat, drink, and sleep these names on a day in and day out basis, and you're not going to tell them anything they don't already know about their space, so be careful with the names that you choose to do work on. If it's more of a generalist, they can analyze anything, so it's going to be tough to really blow them away either.
The point of the interviews is more to see (a) If you have an understanding of how you actually do the work; (b) If you have a willingness to learn and grow; (c) If you can communicate well.
Don't get so bogged down in the minutia on these interviews, but focus on what they want to see. Of course, you do need to be up-to-speed on technical questions, but BIWS can help you with that, even just to look at the ER samples that are in the course. If you look at things this way, I think you should be fine.
Anecdotally, I freaked out over interviews, getting a pitch perfect in my mind, etc. After I was hired, they flat out told me that the pitch didn't even matter and didn't blow them away. Fundamentally, it was a communication and willingness to learn situation.
have heard that this is a good read
http://www.amazon.com/Best-Practices-Equity-Research-Analysts/dp/007173…
so is there an ER guide anywhere or not? (Originally Posted: 01/12/2011)
....anyone?
what kind of guide kiddo?
Vault has an asset management guide. That's the closest thing I've seen.
Equity Research Guides? (Originally Posted: 03/17/2011)
I'm a 2010 graduate non-target, been working in retail banking for the time being while networking in the Charlotte area to find small boutiques. I'm now considering a move up to NYC where I could find an analyst training program/internship.
Are there any good sites with equity research guides/blogs? Modeling? Any good books?
I'd like to walk into these interviews with a solid sense of exactly it is an equity analyst (sell-side) does; not just the general gist-I want all the details. Someone even mentioned before building their own models/reports prior to these interviews and showing them off to employers. That would be ideal.
thanks
Answering my own question..
Found a WHOLE class online dedicated to valuation. Now just modeling..
http://pages.stern.nyu.edu/~adamodar/
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