First Steps

Hi all, after doing some general finance reading for the last month, I'm going to start practicing doing equity research on a sector and learning how to develop stock pitches.

So say I want to start following the retail sector. Should I start by looking at the 10-ks and financial statements of a bunch of major companies?

After getting a general feel for the players, how should I evaluate an opportunity?

I read that stock pitches should have numbers. Where am I going to get the numbers? Do I need to make predictions/projections and plug it into some models to try to "value" the companies I'm pitching/researching? And how complicated should my models be/what are the models ppl generally use?

How do I justify a statement like "this stock should be valued at around price X instead of price Y"

I know I can do more research on google and wso which I'll do but I thought it'd be helpful to hear from you experienced guys directly as well. I know I asked a bunch of questions but any responses would be great.

Thanks a lot!

2 Comments
 
Best Response

Repudiandae quo quos non ut nihil ad. Repellendus omnis et inventore aut deserunt nobis commodi possimus. Cum alias occaecati sed nemo autem placeat quia.

Career Advancement Opportunities

November 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • JPMorgan 01 98.4%
  • Guggenheim Partners 02 97.9%
  • Morgan Stanley 06 97.4%

Overall Employee Satisfaction

November 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 99.0%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 13 97.4%

Professional Growth Opportunities

November 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

November 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (29) $183
  • Intern/Summer Associate (16) $161
  • 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
Betsy Massar's picture
Betsy Massar
98.9
7
CompBanker's picture
CompBanker
98.9
8
dosk17's picture
dosk17
98.9
9
DrApeman's picture
DrApeman
98.9
10
Mimbs's picture
Mimbs
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...”