Opened own ER house

Just wanted to brag about opening my own ER house and consultancy.

Drop monkey shit at me rn, one or two years later I will come back to this thread and will either be super successful or be filing for bankruptcy. Either way, I'll have an interesting story to tell.

 

Thanks! What we have done so far:
Created our own blue-chip index (this market hasn't had any). Partnered with other brokerages to gather their researches in one website in accessible format like many investment-related websites in the US do (this market hasn't had any of that). Started writing articles about this market and about macro & planning to start stock coverage soon - rn we only pull stock data (manually, this market doesn't have any APIs whatsoever....), and put financials and everything about the companies together so that the others would have access to nice data.

“Destiny is a gift. Some go their entire lives, living existences of quiet desperation, never learning the truth that what feels as though a burden pushing down upon their shoulders is really a sense of purpose that lifts us to greater heights. Never forget that fear is but the precursor to valor, that to strive and triumph in the face of fear is what it means to be a hero. Don’t think. Become.”
 

Upd: Won Best New Research House 2021 award for my country from GBAF Review.

“Destiny is a gift. Some go their entire lives, living existences of quiet desperation, never learning the truth that what feels as though a burden pushing down upon their shoulders is really a sense of purpose that lifts us to greater heights. Never forget that fear is but the precursor to valor, that to strive and triumph in the face of fear is what it means to be a hero. Don’t think. Become.”
 

Here's something to think about.

I believe that there is an exemption to the separation of banking and research for firms below $5 million in revenue.  Very shady loophole if you think about it but so few research firms would ever qualify under that exemption that it's not a big deal.  But for a starting firm such as yours, you might want to take advantage of that.  Would look into it more for the details.

 
Most Helpful

For anyone still following this: we've transformed into a classical investment bank, got into a few deals, now slowly expanding my team. It was really hard along the way and it will only be harder, but I still haven't filed for bankruptcy lol.

“Destiny is a gift. Some go their entire lives, living existences of quiet desperation, never learning the truth that what feels as though a burden pushing down upon their shoulders is really a sense of purpose that lifts us to greater heights. Never forget that fear is but the precursor to valor, that to strive and triumph in the face of fear is what it means to be a hero. Don’t think. Become.”
 

Distinctio officia fuga doloribus odit quia error ipsam. Harum qui id deserunt optio repellat. Facere neque iste sunt beatae praesentium est occaecati.

Soluta perspiciatis perferendis consequatur ex voluptatem nisi. Qui quia nulla sed aspernatur nihil. Aut eos voluptatum debitis quo omnis quo fugiat.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (145) $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...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
dosk17's picture
dosk17
98.9
6
kanon's picture
kanon
98.9
7
GameTheory's picture
GameTheory
98.9
8
CompBanker's picture
CompBanker
98.9
9
bolo up's picture
bolo up
98.8
10
numi's picture
numi
98.8
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...”