Thoughts on the firm / culture / reputation within equity research? I have done a forum search but everything is old. Glassdoor has mixed reviews. What sort of exit opportunities would be possible if you were in a ranked team there?

nobody tries to leave a job because everything is going perfectly. comp is shit considering the hours and rankings. they push us to work harder to try to do more with less and we actually do accomplish it, but pay is not commensurate. the dor is always running around saying how wolfe pays above market (factually not true. i would guess most of those angry reviews on glassdoor have to do with broken promises. and similarly all the super positive ones were probably writen by the dor).

yeah ia m not comfortable going into that kind of detail even over pm. small chance of me being outed and i dont have my exit yet. but if you interveiw you should ask for sample reports that span a few years and verify turnover based on how often associate names change. dont believe the story they say about how these ppl were natural attrition that's bullshit. for example one guy that joined two years ago has gone through something like 8 associates and 2 admins. the only time you get paid well is negotiating on way in.

Thanks for the post, super informative. The thing that jumped out at me was the bit you mentioned about them hiring someone associated with the #metoo scandal. Can you provide any color on that? I am a mentor to some students from my university and I’m wondering if there’s anything I should be mindful of regarding that and other culture related issues. I ask because one of the students is female and she actually mentioned to me that she is considering applying to Wolfe given one of the openings lines up with her interest / background.

Wolfe Research.

allpurposethrowaway01

Most Helpful

current associate here throwaway for obvious reasons. the reputation is pretty solid within research, less recognized outside of research. even though my team is fine overall firm culture is a complete shitshow because of the aggressive hiring - we're basically getting alot of ppl from BBs who were fired or pushed out for compliance violations like #metoo, fake dinner receipts. no doubt they are good analysts but i don't like where things are headed. on the other end of the specturm we have also been hiring straight up kids from BB/EBs as analysts who literally have like 2 years of exp. no idea what ed wolfe is thinking but it's his firm not mine

i can confirm the comment about long hours. it's definitely worse here than most other firms

annualized firm turnover is very high right now. i don't think it's just mifid either because a lot of the people leaving are just going to other sellside firms and not leaving industry

the banking side is not impressive. there's a reason the website and firmname is wolferesearch and not wolfesecurities. reputation is not strong here.

exit opps can be decent. i know a guy who went to p72. i'm interviewing now for both sell and buyside gigs and i don't think i'm at a disadvantage versus lower tier BB associates. but i have noticed that nobody outside of research knows the firm and that makes it harder to switch into non-research jobs.

Quote

Report

Other

+24	Clues in Financial Reporting Analysis	ER	7	2w
+20	Is Equity Research a good pivot into finance?	ER	2	6d
+17	Equity Research at Bank vs IG, High Yield & Leveraged Loans Research at Asset Manager	ER	6	5d
+17	Am i fairly compensated?	ER	9	2w
+14	Data Science to PM	ER	8	3w
+12	ER - Remote Jobs?	ER	8	3w
+11	Who uses sell-side Strategists? Are they valuable?	ER	4	3w
+10	What Is Everyone's Exams situations like?	ER	10	2w
+9	Fair reason to switch sector?	ER	1	13h
+9	Will my background negatively impact my chances of breaking into equity research?	ER	6	3d

1	redever	99.2
2	Secyh62	99.0
3	Betsy Massar	99.0
4	BankonBanking	99.0
5	GameTheory	98.9
6	CompBanker	98.9
7	kanon	98.9
8	dosk17	98.9
9	DrApeman	98.8
10	bolo up	98.8

Wolfe Research.

Trending Content