Plan B for Equity Research hopeful?
Hi, monkeys!
I am an undergraduate hoping to break into equity research. Even though I believe I would love that role, cuts and scarce FT opportunities make me want to have a plan B.
However, because the job listings all say similar things, I am having a hard time differentiating some roles from others.
That's why I would like to ask you guys for some help: what other roles do you recommend in finance that involve independent work, accounting, understanding economics, modeling, and lots of reading?
Thank you in advance for helping!
I did 2 ER internships on the buyside when i was in college. I also was looking for a similar type of role. I ended up in Credit Underwriting at a BB which i really enjoy because its all the accounting and analyzing companies aspects of ER but you get to apply them to deals. At most BB’s credit teams you work closely with all parts of the Bank. So you’ll do debt financing for M&A transactions, bridge-to-Bonds with the DCM team, working capital lines with the CBK team etc. Also there are a lot more roles in credit so it can be slightly easier to get into, then you can switch into ER if you want. Exit opps are really good
Can you expound on exit ops? this sounds like a great gig
Ive had colleagues move to ER, Corporate banking, investment banking, credit research on both the buy and sell side, startups, corporate finance. Its transferrable because your doing lots of in-depth financial analysis, but your also working with different debt products so you get exposure to those types of jobs as well.
Thank you so much! I had noticed that a few analysts I know had worked in Credit before ER and vice-versa, but I didn't know whether that was just a choice they'd made because opportunities had come up or whether the roles were actually similar.
Your work seems fascinating. Now I'll have to do more research and figure out if this should become Plan A...
So what would be some potential position/roles that you are referring to?
Not exactly a finance job but econ consulting fits that description fairly well. I think econ consulting to ER would be any easy enough transition assuming you come from a reputable ugrad and network.
Thank you very much! For some reason, econ consulting/research opportunities keep popping up in my region, so I'll be sure to check them out.
From what I’ve seen, the best stepping stone into ER is doing accounting at a (mainly audit) big 4 and then jumping after 2-3 years. Good thing is audit at big4 is easier to break into then straight ER’s.
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