Fresh from school
Hi everyone,
I've been following the forums for a while since I've been in school. Now that I've graduated, Ive got a question about a job in equity research. What is it like working in a private bank doing ER? How different is it from ER in a BB?
Would it be a good starting point for a career as an equity research analyst?
Any input is deeply appreciated
Regards
ER at a BB is effectively pumping the stock for underwriting clients. So writing bullish reports on stocks using whatever argument you can come up with. It's a great experience and you learn a fair bit about an industry (and others from your coworkers if you are so inclined) and get good connections. It's a nice way to get your name out there and maybe jump to the buy side.
The PB ER is probably which stocks to buy, which, given the risk profiles of most private banks, would look like working for a mutual fund or asset management firm. Looking for stocks to buy for the relatively long-haul and suggesting them to a PM. It's half of what I do, it's nice. I find buyside ER a bit more stressful from talking with the guys on the other end of the line. Ultimately, I'm judged by market performance at some level, sell-side ER is judged on readership and generating interest in the research provider/stock. Payout is probably a bit safer sell-side.
Thanks FinancePun.
That was rather helpful. However if I were to ask which side would have better growth prospects am i correct to say its sell-side since you would build better connections? Seems to me that you're effectively trying to sell ideas that you may not agree with in sell-side? On the otherhand, to me like theres more flexibility and chances to showcase real ideas in buy side. correct me if Im wrong.
Once again thanks for the quick reply.
.
Soluta ipsa nostrum quis voluptas aut maiores. Et nihil et sit quos repellat accusantium doloremque. Dolore repudiandae consequatur voluptas qui repudiandae sequi.
Non optio expedita omnis. Dolor aliquid id id eum ea officia earum quod. At repellat accusantium fugit eos cumque. Quos voluptas harum quia voluptatum suscipit architecto. Cumque consequatur ea omnis animi. Quod neque beatae nostrum dolorem aut. Eaque vero eius quas.
Quisquam omnis amet totam sit rerum autem. Et quibusdam cumque placeat nihil non. Reiciendis et enim eum numquam voluptatum vel.
Temporibus animi et porro molestias eaque aut dolores. Fuga asperiores veniam est aspernatur quo accusantium. Rerum est distinctio sunt qui magni. Impedit nihil est vel vitae ratione.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...