MS Equity Research
Wanted to know about hours and pay at MS Equity Research. Talked to someone currently there that previously worked in banking as an ECM Analyst also at MS and he said the pay was similar but hours are much better. He didn't mention specific numbers and I didn't want to pry too much so I wanted to get some rough estimates of the hours and pay in MS ER from fellow monkeys on WSO.
Also saw an article by Reuters saying that MS standardized all pay across its many divisions so wondering if this has been true and if because of that there was a pay bump in ER.
He also mentioned that if you ever wanted to be an investor on the buyside, Equity Research at MS is a great place to start and that he gets calls from recruiters all the time.
Wanted more opinions on this from others in equity research, what the pay is like, exit opps, etc.
Research analysts run their teams as portable franchises and they have near 100% discretion on how to run their research team based on their vision. As a result, hour depends on whom you work for. Eg. insurance analyst could work you 90 hours a week and auto analyst could work you 45 hours a week. That's true for all firms, not just MS. What does translate is: MS insurance analyst will work you the same hour if he/she decides to move to Credit Suisse. The point being: the analyst can change firms, but the analyst doesn't change his / her work style.
For pay, I have salary poll result, segmented by bulge bracket, boutique and middle market.
MS is one of better ranked research shops overall, but it comes down to whether your analyst is respected in the buy-side community that aligns with your personal investment style. Every bulge bracket research firm gets calls from pod shop recruiters all the time, so MS is not differentiating on that front.
You are welcome to look through all my article under the sell-side section to get caught up on the profession.
thanks for this.
what's a "pod" shop recruiter?
also in that list, the salary for an equity research junior analyst with 2 years of exp at a BB was 100k. but what would a first year analyst make? is it the 110k that reuters claims?
Pod shops are multi-manager long short hedge fund platforms like Citadel, Point72 and Millennium. They have high headcount turnover so they are constantly looking to replenish by sourcing from equity research and investment banking talent pools.
I am not too sure what the absolutely entry level salary is like, so I let others chime in here. The point is if it's a $20k difference, it comes down to not that much per paycheck. One should focus on salary only after picking the right analyst to work for (typing back to my comment on analysts as franchises.). Even then it's not that big difference to me at least.
Consequatur aut molestias ex provident. Repellendus quasi aspernatur sit laborum. Eum reprehenderit cumque non aspernatur. Velit at cum doloribus aut ut voluptas ut. Aut quod sed neque ad nam ipsam debitis.
Omnis et enim et natus. Minima nulla enim neque eius fugit temporibus. Non enim ipsum rerum accusantium officia doloribus.
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...