0 Mackenzie Investments - Salary & Bonus - Mutual Funds Data 3y
+11 Leveraging CFA into an ER position (in Europe) 2 3y
0 Morningstar - Salary & Bonus - Equity Research Data 3y
+9 Aggregated CTA and stock buyback desk data feeds 1 3y
+3 Is it true it is harder to teach a junior to write than it is to model? 4 3y
+6 Strictly Salary Wise, is the progression better in Equity Research or Consulting? 9 3y
0 Mirae Asset - Salary & Bonus - Investment Research Data 3y
+3 Equity Research/Credit Research 1 3y
0 Burgundy Asset Management - Interview - Generalist Data 3y
0 Wolfe Research - Salary & Bonus - Generalist Data 3y
+2 Thoughts on ER at Ladenburg 4 3y
+3 Bernstein SocGen JV 9 3y
+7 When will audio quality for earnings calls get better 2 3y
+3 Would equity research send me their reports if I asked, as an MBA student? 6 3y
0 JPMorgan - Interview - Generalist Data 3y
+3 Equity Research vs Credit Research Compensation 2 3y
0 HSBC - Interview - Generalist Data 3y
+4 Serving notice period 1 3y
+3 Fidelity ER AC Updates 4 7mo
+32 Worth it to finish medical school or take an ER job? 27 3y
0 Houlihan Lokey - Interview - Mergers and Acquisitions Data 3y
0 Qatalyst Partners - Interview - Technology, Media and Telecom (TMT) Data 3y
+7 3 ER Offers: UBS vs. Credit Suisse vs. Bernstein 6 3y
+20 Equity Research or Credit Research 4 3y
0 Barclays - Interview - Equity Research Data 3y
+6 How to write ER experience on resume 4 3y
0 JPMorgan - Review - Autos Data 3y
0 JPMorgan - Salary & Bonus - Autos Data 3y
0 CFRA - Salary & Bonus - Generalist Data 3y
0 Qatalyst Partners - Interview - Technology, Media and Telecom (TMT) Data 3y
0 DCF valuation distressed company 4 3y
+9 Failed Series 86 twice... Not sure how to proceed with passing it the third time 8 2y
+3 Calamos Investments 1 3y
+5 Derivatives 4 3y
+21 Biotech ER does not pay that much 25 3y
+3 Ghosted After 4 Interviews & 2! Modeling Tests 2 3y
0 Citigroup - Review - Restructuring Data 3y
+11 How long does it take to hire a new associate? 2 3y
+16 Investment Banking Analyst to Equity Research Associate? 13 3y
+2 Fundamental analysis 4 3y
+4 Is ER up or out? 6 3y
0 UBS AG - Review - Technology, Media and Telecom (TMT) Data 3y
0 UBS AG - Salary & Bonus - Technology, Media and Telecom (TMT) Data 3y
0 Fidelity Investments - Salary & Bonus - Investment Grade Finance Data 3y
0 Bank of America Merrill Lynch - Review - Equity Research Data 3y
0 Bank of America Merrill Lynch - Salary & Bonus - Equity Research Data 3y
+6 Lincoln portfolio valuation or Equity research exits and compensation 1 3y
0 Equity research sales 3 3y
+7 Breaking into Financial Research post Academia 4 3y
+40 How much slack do you have in your day? 33 3y
0 Goldman Sachs - Interview - Generalist Data 3y
+9 How to incorporate SSS when projecting total revenue? 2 3y
0 BMO Capital Markets - Interview - NA Data 3y
0 JPMorgan - Salary & Bonus - Generalist Data 3y
0 Goldman Sachs - Interview - Equity Capital Markets Data 3y
+6 Connecting and network with analysts on linkedin 2 3y
0 Bank of America Merrill Lynch - Review - Equity Research Data 3y
+14 Medical Student Trying to Break into IB - Have Meeting with a Managing Director at an Elite Boutique 9 3y
0 UBS - Interview - NA Data 3y
0 Banco Santander - Review - Real Estate Data 3y
0 Banco Santander - Salary & Bonus - Real Estate Data 3y
+3 Series 86/87 2 3y
+25 Thoughts on Berenberg 21 2y
0 Wells Fargo and Company - Review - Generalist Data 3y
0 Wells Fargo and Company - Salary & Bonus - Generalist Data 3y
0 TD Securities - Salary & Bonus - Utilities Data 3y
+3 How progressive is your workplace environment? 2 3y
0 Susquehanna Bank - Interview - Equity Research Data 3y
0 Credit Suisse - Interview - Investment Banking Data 3y
+3 Global Macro Research 1 3y
+7 London ER Boutiques for SA 2023 9 3y
0 Barclays - Interview - Equity Research Data 3y
+23 WHICH EQUITY RESEARCH SECTOR IS BEST? 11 2y
0 University of Texas - Review - NA Data 3y
0 University of Texas - Salary & Bonus - NA Data 3y
+59 Why does everyone want buy-side? 14 3y
0 Barclays - Salary & Bonus - Oil & Gas Data 3y
+9 From Big 4 to Equity Research - TS or Valuation ? 2 3y
0 Société Générale - Review - Research Data 3y
0 Société Générale - Salary & Bonus - Research Data 3y
0 Allianz Global Investors - Salary & Bonus - Equity Research Data 3y
+5 Best job to move to ER? 2 3y
0 quantitative brokers - Interview - NA Data 3y
0 Goldman Sachs - Salary & Bonus - Generalist Data 3y
+21 Writing research reports as a novice 6 3y
+3 LO/LS vs ECM (who makes more) 2 3y
0 Piper Sandler - Review - NA Data 3y
0 Piper Sandler - Salary & Bonus - NA Data 3y
+5 Which offer to choose? 2 3y
+3 Canadian boutique ER 2 3y
0 RBC Capital Markets - Review - Capital Markets Data 3y
+20 "If you had $1mn, how would you invest it?" (2022 version) 8 3y
+3 Why isn't there a Fixed Income Research Forum? 5 3y
+3 Flexible Investment Mandate Stage Agnostic 1 3y
0 PJT Partners - Review - Restructuring Data 3y
0 Citigroup - Review - Equity Research Data 3y
0 Citigroup - Salary & Bonus - Equity Research Data 3y
+22 How fast to ramp on entire coverage universe? 5 3y
+6 Path from ER to SM 4 3y
+34 Recently promoted to analyst from associate, but I feel lost and don’t know what I’m doing. 6 3y

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.2%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 02 98.8%
  • Evercore 01 98.2%
  • BMO Capital Markets 12 97.6%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • Morgan Stanley 05 98.2%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (43) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (75) $151
  • Intern/Summer Analyst (68) $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...”

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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...”