What is the recruiting timeline for equity research

Hi all,

I am currently recruiting for investment banking, but I would like to have a backup plan in case the worst comes to worst and I don't land anything. What is the recruiting timeline for equity research?

Thanks

4 Comments
 

Based on the most helpful WSO content, the recruiting timeline for Equity Research varies by firm but generally follows these patterns:

  1. Wells Fargo (SF, Walnut Creek, Menomonee Falls): Equity Analyst Development first rounds typically begin around mid-August (week of 8/15).
  2. Eaton Vance (Boston): Research Associate positions often align with OCR (On-Campus Recruiting) in early September.
  3. Putnam Investments (Boston): Investment Associate Program also starts with OCR in early September.
  4. MFS (Boston) and Wellington Management (Boston): Launch Research Associate roles and Business Associate roles begin OCR in early September, with final rounds occurring in late October.
  5. SIG (Philadelphia): Buy Side Research Associate and Research Sales Development Program timelines are not explicitly detailed but are part of their structured recruiting efforts.

If you're considering Equity Research as a backup, it's crucial to start networking and preparing early, as many of these processes align closely with the investment banking recruiting timeline.

Sources: Senior Associate Recruiting - Timeline for Recruiter Outreach, 2018 Full Time IM/ER Recruiting DECISIONS Timeline Megathread, 2019 FT Analyst Recruiting Timeline, Private Equity Recruiting Kicked Off?, Private Equity Recruiting Kicked Off?

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

From what I remember, last year:

- JPM & BofA opened mid/late Jan, JPM began superdays early May.

- Evercore & Goldman opened late Feb/early March, Evercore interviewed early -> mid April.

- Citi opened sometime March/April and began interviews late April / early March.

- Other small places ik opened mid April and interviewed early May -> Summer.

- Barclays and BofA interview through late summer.

Hope this helps.

 

Dolores voluptas sunt iusto sit hic et animi. Est assumenda et culpa repellat.

Nisi commodi facere voluptatibus deserunt. Ullam eligendi at et sit voluptas dolore labore necessitatibus. Ad voluptas magni ea inventore.

Labore animi vel sunt ut. Ad nisi harum quis inventore aut fugit ullam. Laboriosam deserunt fugiat repellat dolorem voluptatem nulla. Adipisci sunt corrupti velit. Ut tempore totam et explicabo.

Iste voluptate sed sit velit commodi enim alias sed. Recusandae placeat mollitia inventore fugit vitae. Ex quis id autem quibusdam non aut. Perspiciatis autem consequatur ut.

Career Advancement Opportunities

November 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • JPMorgan 01 98.4%
  • Guggenheim Partners 02 97.9%
  • Morgan Stanley 06 97.4%

Overall Employee Satisfaction

November 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 99.0%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 13 97.4%

Professional Growth Opportunities

November 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

November 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (29) $183
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $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
kanon's picture
kanon
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
GameTheory's picture
GameTheory
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
CompBanker's picture
CompBanker
98.9
8
dosk17's picture
dosk17
98.9
9
DrApeman's picture
DrApeman
98.9
10
Mimbs's picture
Mimbs
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...”