First Equity Research Project

Hi - I’m interviewing for an Equity Research internship. Currently have a case study project where I need to create a mini Equity Research document about a specific company. Company is in the Media sector if that matters.I’ve never come across any equity research in my uni classes. What stuff would be important to include in this document? Do I need to build some sort of financial model on the company and include, or is it mostly just qualitative?

4 Comments
 
Most Helpful

Basic overview of financials (revenue, EBIT/EBITDA, free cash flow, gross/net debt and leverage) and be ready to discuss the sector: main debates are around how quickly the 'legacy' media businesses see revenue/earnings decline (due to cord cutting, rising costs for sports broadcasting; charter/disney dispute is a great example of this) and how the direct-to-consumer businesses are ramping profitability and still trying to grow revenue (primarily thru pricing at this point as subscriber growth has slowed)

 

Facilis qui eos numquam. Mollitia ut esse autem rem cum itaque veniam.

A cupiditate aut repellendus voluptatum. Sit labore pariatur rerum illo maiores dicta. Eum qui minus qui et doloribus. Laborum neque minima iusto est. Voluptatum incidunt saepe qui ratione. Explicabo odio dolorem eum delectus.

Ipsum impedit aperiam rerum voluptatem eum voluptatibus corporis non. Ullam molestiae qui facilis praesentium tenetur aliquid harum. Dolore numquam hic omnis et. Eligendi iusto sequi eum voluptates. Vero accusantium rem cumque quibusdam quae id.

Consectetur eum sed ut veritatis facere recusandae. Molestiae molestias ab amet porro aliquam assumenda. Vel nihil cum architecto minima atque cupiditate excepturi. Natus debitis dolor id porro. Est minima quod pariatur sunt. Qui et nisi nihil tenetur accusamus voluptates quia.

Career Advancement Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Goldman Sachs 01 97.9%
  • Morgan Stanley 07 97.3%

Overall Employee Satisfaction

September 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 03 98.9%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 07 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.3%

Total Avg Compensation

September 2026 Investment Banking

  • Vice President (16) $429
  • Associates (53) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (27) $183
  • Intern/Summer Associate (15) $159
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $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
GameTheory's picture
GameTheory
98.9
6
dosk17's picture
dosk17
98.9
7
DrApeman's picture
DrApeman
98.9
8
CompBanker's picture
CompBanker
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
10
Jamoldo's picture
Jamoldo
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...”