Prepare for buy-side ER intern

To prepare for your buy-side equity research internship, here's a tailored plan based on the most helpful WSO content:

1. Networking Tips:

   • Build strong connections with associates and analysts. Set up coffee chats and ask about their career paths, such as how they transitioned from associate to analyst roles.
   • Leverage LinkedIn to connect with professionals in your fund's sector or alumni from your school.
   • Be proactive in asking questions, but ensure you've done your homework first. Show respect for their time by preparing thoughtful, career-related questions.

2. Book Recommendations:

   • Best Practices for Equity Research Analysts by Jim Valentine: A highly recommended resource for understanding the nuances of equity research, from note-taking to writing differentiated reports.
   • Security Analysis and One Up on Wall Street: Classics that provide foundational knowledge for investment philosophies.
   • Damodaran on Valuation: Great for understanding valuation techniques.
   • Margin of Safety by Seth Klarman: Offers insights into value investing.

3. Skill Development:

   • Brush up on financial modeling skills, including DCF and comparable company analysis.
   • Familiarize yourself with tools like CapIQ or Bloomberg if accessible.
   • Practice Excel keystrokes to improve efficiency.

4. Behavioral Preparation:

   • Practice speaking succinctly and confidently, especially in high-pressure settings.
   • Be eager to learn and show enthusiasm for the role. Employers value a positive attitude and curiosity.

5. General Advice:

   • Stay updated on business news daily (e.g., WSJ, FT, Barron's).
   • Read research reports, primers, and case studies to understand how professionals approach investment decisions.
   • Be a sponge—absorb as much knowledge as possible from your team and resources.

This combination of networking, reading, skill-building, and staying informed will set you up for success in your internship. Good luck!

Sources: Q&A: VP in Private Equity (Growth Equity + LBO)...Post-MBA...Formerly IB Analyst, How to Thrive on Your Research Internship, Helpful Resources For Breaking Into Equity Research, Any books to read for an incoming equity research summer associate?, How to prepare for summer ASSOCIATE internship