+133 More work, less pay, zero perks 42 6d
+101 Don’t become the “cheap labor” guy 19 2mo
+98 Q&A: Former BB ER VP 29 1mo
+51 Is sell side ER as bad as people portray it? 22 4mo
+48 2024 ER Bonus Megathread 58 3mo
+43 Sell Side Equity Research… Best Kept Secret on Wall Street? 13 6mo
+41 FT Networking: Better To Be Direct Or Indirect? 6 11mo
+40 Best firms in Equity Research (Help Please) 42 3w
+37 Support Group for ER Associates Working IB Hours 17 5d
+35 Different Types of Sell-side analysts 6 10mo
+34 Guide to effective networking 4 8mo
+33 Offer to pivot to SS ER from IR 16 4mo
+33 Got Yelled At by Manager 18 1mo
+32 Give me an optimistic take on the outlook of ER, even if it is devil’s advocate 24 9mo
+29 Learning more about ER 3 11mo
+26 EVR ER? 9 11mo
+25 CFA in ER?? 5 11mo
+24 What software is used for making/formatting Equity Research Reports in BB and Boutique banks? 13 9mo
+24 Jefferies Equity Research - Career Switch 2024 18 7mo
+23 CFA or FMVA for equity research? 5 5mo
+22 Juniorization of the industry 16 9mo
+22 Is equity research "easy" to get into compared to other fields. 22 11mo
+21 For those ER Associates that moved to LO jobs... 11 3mo
+21 BB's vs. Boutique Equity Research Firms 9 1mo
+20 Where is the $ after ER 17 10mo
+20 Comp at Stifel ER? 3 9mo
+20 Figuring out if analysts are good 10 4mo
+20 Avoid This II-Ranked ER Team – Toxic Culture, High Turnover 10 8h
+19 My take on the AI boom 2 8mo
+19 Do I take CFA as undergrad? 5 6mo
+19 SS ER to Consulting 6 4mo
+19 What Next? - FT ER recruiting 5 4mo
+18 Automating quarterly updates for 3 statement and DCF models? 9 9mo
+18 Comp progression in biotech ER on SS? 4 4mo
+17 Career change in mid 30s 7 9mo
+17 Anyone here cover banks or insurance? 6 10mo
+17 Headhunters for after sell side BB 15 7mo
+16 Landing in Equity Research 6 9mo
+16 Student in over my head building model 5 6mo
+16 Career Transition: FLDP to Equity Research 19 2w
+15 Exit with Good WLB & $200K+ TC 7 8mo
+15 Series 86 Exam Advice 6 7mo
+15 Becoming more knowledgeable and stronger interview candidate. 17 5mo
+15 ER:Top ranked but toxic team at a small shop VS Mediocre team at BB? 6 3mo
+15 Quarter life crisis picking ER vs Consulting in Healthcare/Lifesci 7 3mo
+15 Networking as an Analyst - Different Approach? 5 1mo
+14 Kepler Cheuvreux: What do you think? Is this a good ER firm in Europe? 4 11mo
+14 Advice on getting internship 3 9mo
+14 Getting access to research portals without millions of dollars 8 5mo
+14 MM Sell Side Sr Analyst comp 5 4mo
+14 ER Biz Model/Unit Economics 4 3mo
+14 Pitching investment ideas to senior 10 1mo
+14 Choosing bank OR sector 7 3w
+14 What's your process for pulling qualitative data from 10-Ks across multiple peers? 5 3w
+14 ER Talent 15 1d
+13 Technical Question: How to identify quarterly D&A seperately on foreign issuer 6 6mo
+13 Should I ask for a reference? 5 5mo
+13 Equity Research as an internship 2 3d
+12 Using Academic Research Experience to Try My Hand at Applying For Equity Research Roles 4 10mo
+12 Fordham to Target Transfer 5 9mo
+12 Simple businesses to analyse in order to create a 3-statement model 10 6mo
+12 Networking with Senior Analysts 2 5mo
+12 Can’t Stop Making Mistakes 7 2mo
+12 IB looking for insights about a good research reports 2 4w
+12 Financial Modeling Question - Using TTM for latest fiscal year but not prior years? 2 1w
+11 Internship: BB ER in Tokyo vs L/S in NY 3 6mo
+11 Unsure of Career Path 4 5mo
+11 Equity Research FT Recruiting 6 5mo
+11 Physics PhD looking at ER - London 2 3mo
+11 Should I respond to cold messages about a role I haven’t even started yet? 3 3mo
+11 Evercore ISI Culture/Vibes 4 2mo
+11 Best Industry to Cover for Equity Research Exits to the Buy-Side? 3 1mo
+11 Looking for Experienced ER Analyst to consult for a startup 2 1w
+10 Felony -> Finance 3 11mo
+10 Learning Resources for Equity Research / Asset Management / HedgeFund 2 11mo
+10 How difficult to lateral into ER from Corporate Finance/Strategy 2 11mo
+10 Full-time 2025 Equity Research Roles 6 11mo
+10 Leave Before Bonus for $40K raise? 7 10mo
+10 Biotech ER comp 7 9mo
+10 Biotech ER comp negotiation 7 9mo
+10 When does ER make sense? 6 8mo
+10 Choosing between offers 2 8mo
+10 Buy Side: Senior equity analyst: moving from a niche sector to generalist: how hard? any advice? 3 7mo
+10 ER boutiques in london 4 6mo
+10 GS GIR - ER Associate Interview Process 7 5mo
+10 Highlighting Independent Research on Resume 2 3mo
+10 Is it feasible to pivot into Research? 2 2mo
+9 Deleted Post 1 10mo
+9 Moving Forward in Finance 1 10mo
+9 Pivot | Alt to ER 3 9mo
+9 Outside Business Activity Disclosure Question 4 5mo
+9 Advice Requested: Incoming Biotech ER Intern 3 8mo
+9 B4 Audit to ER - London. How do I do it? 3 7mo
+9 seeking advice, transitioning to finance from physics 1 7mo
+9 ER to l/s London. Still a viable path? 3 1mo
+9 Boutique ECM-focused Equity Research FT job VS Family Office (Multi-asset) out of College 1 5mo
+9 Attaining FINRA licenses for lateral hire 5 5mo
+9 Valuation Partner Career or Equity Research 2 5mo
+9 ER at Truist 2 5mo
+9 Sectoral Differences in Information Asymmetry? 5 4mo

Career Advancement Opportunities

July 2025 Investment Banking

  • Evercore 08 99.5%
  • Goldman Sachs No 98.9%
  • Moelis & Company 04 98.4%
  • Citigroup 11 97.8%
  • Houlihan Lokey 08 97.3%

Overall Employee Satisfaction

July 2025 Investment Banking

  • Evercore 10 99.4%
  • Moelis & Company No 98.9%
  • RBC Royal Bank of Canada 03 98.3%
  • Houlihan Lokey 15 97.8%
  • Morgan Stanley 02 97.2%

Professional Growth Opportunities

July 2025 Investment Banking

  • Evercore 08 99.5%
  • Moelis & Company 01 98.9%
  • Houlihan Lokey 11 98.4%
  • Goldman Sachs No 97.8%
  • JPMorgan No 97.3%

Total Avg Compensation

July 2025 Investment Banking

  • Vice President (14) $321
  • Associates (60) $237
  • 3rd+ Year Analyst (9) $210
  • Intern/Summer Associate (14) $167
  • 2nd Year Analyst (33) $166
  • 1st Year Analyst (100) $145
  • Intern/Summer Analyst (101) $103
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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From 10 rejections to 1 dream investment banking internship

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