How long does it take to become an Analyst in ER?
Wondering what the general trajectory is for a high performing ER aso to become an analyst in the group, what are the main factors to consider when looking for promotes?
Trending Content - Equity Research Forum
Career Resources
Probably at least 7 years?
For promotion to VP, you need to have enough votes from equity salespeople (ie. you are at least building a brand internally).
For getting coverage, your Lead Analyst needs to have comfort that you can manage the complex relationships with the company C-suite, institutional investors, and equity sales for a small set of names. Usually you will cover 3-5 low-profile names to start.
Back in the days, folks get coverage in 3 years out of college (think Bill Gurley got coverage really quickly), nowadays probably anywhere between 4 - 7 years either at your firm or a competing firm.
Thanks for the insight here.
Not OP, but to clarify on your first point, is that true across banks? I haven't heard that before (not disagreeing, just think the promote requirements are vague so this is one of the first insights I've seen).
I can't speak for all banks. Generally yes. You need to have enough partners (salespeople) who want to sell your product externally. It's not that different from any regular business that uses a two-tier distribution system (you -> equity sales -> institutional clients).
Of course, you need your lead analyst to vouch for you as well: do they have comfort in you fully managing 3-5 names in terms of C-suite and buy-side relationships and the analysis itself.
If enough salespeople are comfortable putting you on client calls and you got your boss' vote, Director of Research signing is a formality (the DoR doesn't know your personal capability nearly as well as your boss and the salespeople)
Appreciate the response. Always value your insights.
Porro est consequuntur dolor sint tenetur consequatur. Similique ut non quo delectus harum. Distinctio occaecati maiores non. Eum recusandae autem praesentium et quia accusantium. Ipsa magni libero tempore fugit omnis aut. Eos quia eligendi ut assumenda ut.
Et ut odio perferendis repellendus ex esse nisi. Excepturi recusandae et molestiae quidem iste odio neque. Optio voluptates sed aut accusantium.
Facilis est voluptates et dolorem quasi. Fuga totam aperiam rem aperiam autem. Culpa reiciendis illum sed.
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...