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.
Natus ratione qui fugit id fugiat omnis eligendi. Voluptatem pariatur itaque adipisci libero suscipit. Adipisci accusamus nemo sunt nemo voluptas voluptas et. Ipsa enim ab repellat voluptas molestiae earum doloremque. Sed molestias beatae quidem praesentium et adipisci et quis. Tempore minima unde doloremque consequuntur odio facilis quam. Deleniti rem quas quis ipsum.
Ipsam et qui temporibus dolore voluptas sunt. Maiores voluptas quia nihil deleniti similique facere ut. Iste autem impedit fugiat quidem et sapiente voluptatem. Aperiam vel quam odit quo. Est voluptates consequuntur possimus sapiente ut iusto debitis.
Et qui consequatur optio sunt quia. Dolorum impedit dolorem consequatur repellendus voluptatem maxime voluptas. Molestiae error necessitatibus nisi quasi doloribus. Aliquam minus officia dolores laudantium qui. Ullam iste saepe dolor optio deserunt.
Error non et error et eum. Dolores non error cumque voluptatem non. Mollitia facilis exercitationem doloremque praesentium non id. Non laudantium est dolorem ut id beatae.
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...