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Company Interview: Goldman Sachs - Goldman GIRWhy do you apply for Goldman Why do you want to do research please introduce yourself tell me that what book do you read recently and describe 3 things you learned from it. asked about a case study- how big is the shoes market in China tell be about the biggest challenge you met recently what did yo...
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Big 4 Audit to Equity Research (Top tier uni)Hi All, Apologies for creating another topic on this subject but I would really appreciate all your help. I graduated from London School of Economics (Accounting and Finance) and for whatever reason thought audit was the way to go and got into one of the big four here in London. I just finished my ...
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Company Review: Deutsche Bank - 3Great people to work with Relatively laid back in my division Friendly environment, focus on personal happiness . Not as competitive across businesses Compensation likely below street Not enough being done to retain top talent...
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Questions to ask in HR screening?I have an HR phone interview next week and I haven't dealt with the job search process in quite a bit. I have no idea what to ask these people as they likely have no insight into the field. All I can think to ask is to describe the role but I already know what the role is. Any suggestions?...
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Company Interview: JPMorgan Chase - Equity ResearchNothing unexpected but interviewers repeated the same questions a few times. I was asked general DCF and valuation questions, as well as the typical long and short stock pitches. Surprisingly, I was asked to pitch 3 short and 3 long stocks, which was more than I had expected. Industry knowledge was ...
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Company Review: JMP Group - Get experience but don’t stay too longYou get lots of responsibility fairly quickly. People are generally decent to work with. Not a bad stepping stone, to gain experience.. Pay tends to be pretty low, management can be dishonest and manipulative (promises not kept etc.). Management content to pull a few million each out of the business...
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Need help... Job opportunity advice**Background** I currently work at a RA (S&P, Moody's, Fitch). I started at a RA because of a limited alumni base (small non-target) and my initial curiosity for structured finance. My goal is to break into sell-side ER, and eventually, move to the buy-side (preferably a long-only equity fund). The...
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Seeking advice/commentary on equity research reportHello all, I'm a senior at a target school in NYC with a summer of internship experience at a quant shop. I'm looking to transition toward equity research or perhaps PE. I've produced a write-up on Axon Enterprise (AAXN). As I'm planning on using this as I apply for jobs I would like some commenta...
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Free Cash Flow HelpI am trying to learn finance. And there is this question on Free Cash Flow. I've done the regular Cash Flow before but never done this. Question: You have been given the following numbers from the management of a company as an estimation of future performance (numbers in MSEK) (see the picture)...
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Bloomberg Intelligence...any info?Hi All, currently looking into a role as an Equity Research Associate at Bloomberg Intelligence. -Is the experience comparable to typical sell side research associate? i.e. industry research, modelling, meeting with management teams etc. -Has anyone actually the read the research they produce, what...
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Company Review: Bank of America Merrill Lynch - Great place to startFantastic place to start a career. Strong recommend it - tons of opportunities to learn and grow with great access.. Not really too much. Only issues is that there is no risk taking opportunities so if you're good at your job you get roughly paid the same....
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How to survive post Mifid II?How should a new guy in the industry best position himself to survive the impact of Mifid II on the sellside? ...
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Company Review: Susquehanna International Group - SIG InternRelaxed attire, catered lunch, complimentary access to company gym, game room, events. Fast-paced environment.. Lack of diversity overall (both race and gender), with so much breadth difficult to develop depth in modeling experience. ...
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Digital interview for CIB - High Grade credit Research Analyst So I received an email to do a digital interview for the position stated in the title. Anyone know the questions? or how much weight these videos have? I have only done a video interview once and I did horrible. ...
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Company Review: SunTrust Robinson Humphrey STRH - A decent place for work/life balanceGood people who are friendly; very strong Corp culture that cares about employees; work/life balance. Pay could be better; sr mgmt now setting unrealistic targets; technology needs more investment ; slow to change...
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Company Review: KeyBanc Capital Markets - Good so farPeople seem great during interviews. (Havnt worked yet, will be in summer). Down to earth people no high ego.. Nothing bad to say. Like stated above. I will start interning during the summer. Everything is ok so far besides low pay....
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Valuing an NFL playerThis isn't a spam post, I promise. Just came across this site called Fantex. You can literally invest in an athlete's brand income, so essentially a royalty. I just thought it was an odd, but interesting idea. I haven't dug into the financials or other information - and don't plan to - but I couldn...
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Series 7 - Knopman Study Materials Does anyone have experience and feedback using Knopman study materials for the Series 7? I have been looking at STC and Kaplan but this one just came up. Any thoughts would be appreciated. Thank you....
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Company Review: Morningstar - Great place for early in career.Very, very high degree of flexibility. Casual workplace including dress. A lot of responsibility for being at a young age.. Reputation for relatively low comp, but relative to the workload and flexibility it's certainly fair. Perhaps a bit low morale among certain members of department....
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Company Review: Jefferies & Company - Good place to work atGood culture. Flattish hierarchy. Pleasant people to work with. Not much face time culture here. Manageable hours. If I leave here tomorrow Would you still remember me? For I must be traveling on, now Cause there's too many places I've got to see…...
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Investor Relations Role to Equity Research RoleI've got an offer regarding investor relations (IR). The company offering this role is an IR firm. I am interested in equity research. May I know what is the exit opportunity for this role? Is it possible for me to become PE analyst, HF analyst or IBD analyst? Thank you!...
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Company Review: Jefferies & Company - JEF Research Good team, solid platform with good access to resources. Coworkers were smart and hard working - very group specific but face time not important. . Firm is very much focused on the banking effort and research often gets the short end of the stick and treated as a second tier effort. ...
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Company Review: The Motley Fool - Investing InternGreat Culture Access to all investment reports, which was a great resource All senior members were available for one on one time to help you learn. Location isn't that great Group I was staffed on was undergoing some change, so I didn't get much meaningful work...
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3 Key Tips for Getting an ER InterviewBack when I was applying for ER associate positions, I was really struggling. Only a handful of positions per year opened in my industry, so I got very good at making the most of each application. I got to the point where if there was an opening, I had a 50% chance or better of landing the interview...
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Company Review: Goldman Sachs - A great firm to start and grow a careerPassionate and smart co-workers across all divisions, highly challenging work, a dynamic work environment that foster collaboration more than other firms across teams, divisions and geographies.. Long hours, amount of repetitive/menial work (even at associate and VP level), quality of technology....
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Company Review: Deutsche Bank - Solid experience but cost cutting is deepGood work environment and people. Benefits are solid and relocation package was amazing. HR has been easy to deal with and SAs are highly experienced.. Low autonomy initially. IT systems are outdated and slow, need significant upgrade. Cost cutting blocks anything extra you may want like a monitor o...
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Someone with access to Bloomberg Terminal -helpCould someone with access to a Bloomberg terminal please send me equity research for "Stelco Holdings"? My school's finance lab is closed for the break, and I cannot access our Bloomberg terminal. Please pm me if you can and i'll send my email. Thanks so much!...
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Question about Working Capital in Cash Reinvestment RatioHello all! New to the forum! :) When calculating the increase in working capital in order to get the Cash Reinvestment Ratio (Increase in WC and Fixed Assets/ NI+NonCash Expenses-Dividends-Credit Sales) do I calculate the non-cash, non-debt working capital like we do in FCFE?...
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Company Review: Goldman Sachs - GS-ERThe culture at GS equity research is highly collaborative and merit based (no limit to responsibilities given to a strong analyst/associate), and everyone is held to very high standards (which I view as a good thing; more gets done, efficiently, and those that don't contribute to everyone's desire f...
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Company Review: UBS AG - UBS ER InternshipVery good equity research department; investment was made to revamp the whole process; interns can participate to many events organized and are given responsibilities.. Did not expect to be as much political in lower levels; I was also disappointed that the intake was very low, you have good visibil...
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Company Interview: Bloomberg - Spring Insightwhat is the difference between Bloomberg and Reuters? ...
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Work/Life Balance: Equity Research vs. Investment Banking - (A Definitive Guide, Part 1)I'm probably one of the few people on here that has done both IB and ER. So I thought that I would share a guide on the pros/cons of both. A lot of these items have been covered in other posts so I'm going to focus on the nuisance and specific details which others often leave out. I don't want to m...
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Company Review: JP Morgan Securities - Good experience Good work life balance. Smart people throughout entire group. Good place to get strong foundation of markets knowledge. Career trajectory/exit opportunities are unclear. Not directly involved in any investment decision processes as you are on the sell side....
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Credit or Equity Research at Barclays (London)Hey folks, I received 2 offers for the Research summer internship at Barclays in London - one from equity and the other from credit research. Now I'm familiar with the differences between the 2 and I'm pretty confident I'll end up choosing Credit Research for the following reasons: * Barclays is...
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Biotech Equity Research - Science Background vs. Finance BackgroundHey everyone - I am currently a senior studying finance and will be working within ER when I graduate. My coverage group has yet to be defined, and will be finalized closer to my start date. Based on my experiences (interned within ER covering biotech) and the self-study I have done, I am extremel...
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Company Review: Jefferies & Company - Money decent, culture OKJefferies is an up and rising investment bank and they are willing to pay to hire and retain as well as expand. very rare esp with mifid. Culture can be cutthroat/ruthless. There are a lot of people who were brought on on the senior level with no regard to culture fit. ...
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Help. Selection of companies for peer groupHi I am about to try relative valuation and ratio analysis, but I am having difficulty considering which companies belong to the peer group. From what I have read, it seems that companies are considered comparable when they are from the same industry. I have also learned that companies must have th...
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Company Review: Cowen Group - Great Company For the Most PartGreat company, unique culture (truly it seems), for the most part pretty solid management, enjoyable co-workers for the most part. Obviously could have a more well-known or prestigious reputation to help with exit opps and b-school recruiting, etc....
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Company Interview: Fidelity Worldwide Investment - Summer Intern1)Please pitch me an investment strategy of any asset class, ten year horizon 2)Why did u apply for our equity research position 3)Tell me about one time u suffered a setback and how u dealt with it 4)What would you have done to improve your stock pitch 5)Tell me one time you worked in a group and w...
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Company Review: Goldman Sachs - AssociateIntellectually stimulating job. I learn a lot every day. Smart and nice people. A lot of responsibility and access early on.. Understandably, clients dictate your work day, requiring you to be very responsive at all times. You need to be a good investor, industry expert, company expert, familiar wit...
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Excel Modeling Test for InterviewSo, I just had a second round interview for a research associate role and then was given a modeling test. I was told to fix three errors in the forecasting period of the IS. At first glance I see four errors in the forecasting periods for Gross Profit as it does not incorporate all 4Qs in FY 2016....
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Company Interview: Tudor Pickering Holt and Co - Summer Equity Research AnalystThe interview was entirely conversational so there is not anything difficult or unexpected at all. It started off as the Associate sharing about his background then proceeded to ask about mine; walk through resume; why interested in Research? Why the coverage? Why did you choose Research over IB? ...
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EQR to Private EquityHi all, Wondering if I can get some honest advice here. I am currently an ANL in EQR, and have now run into visa issues in the USA. I am now looking to relocate back home, where research isn't a big industry but PE is booming. I have always liked investing, and I also like the idea behind Private E...
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Company Interview: Deutsche Bank - deutsche banksince it was equity research, i spoke with the senior associate and analyst. It was only a week long process before I got the job. I found it very quick and simple. the questions asked were basic: background, long term plans, pitch stock, what value add have you done for the current research team...
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TPH SA Equity Research SuperdayJust curious if anyone knows TPH has finished extending Superday invite for their Equity Research SAs ? Thanks ...
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Research Associate Oil&Gas Salary ExpectationsEntry-level job in Calgary conducting investment research for companies in the Oil and Gas industry. E&P. What should I expect as a salary? ...
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What is the best way to break into Research ........................................................................................................................................................ ...
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Company Review: GMP Securities - Fine place when you are starting out, limited long term potentialEnjoyed the work, compensation was reasonable - increased annually. Hours weren't too bad for the comp. . Didn't like "fire drill" nature of tasks when news items came out. Did not like disconnect between traders pressuring for fast research and desire to produce high quality analysis. ...
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Magellan Research Group--Anyone know anything about it? Greetings, I've been a lurker on this forum for years and have gleaned some great advice from it--now I decided I would ask a question of my own. Sometime ago I applied to an Analyst position at Magellan Research Group through a school job board and they just reached out to me to schedule and inte...
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Company Review: BMO Capital Markets - Equity Research Associate* Good base salary to make up for low and volatile bonuses * Predictable hours * Opportunity to do work that is fulfilling . * experience depends entirely on which team you are place on * significant industry headwinds ...
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Comp Question: Equity Research AssociateI am wondering what a fair salary and bonus would be if I were to accept an equity research associate position. I have no Equity Research experience, but I have 1.5 years of solid FP&A experience in the industry I would cover. I am also a CFA level 3 candidate. The positions I'm interviewing for are...
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Full Blown Career Change- Grad School or Entry Level Job?3 years in operations consulting and just left a job two weeks ago. I was a Project Manager on an International scale for the most prestigious advertising firm in the world. I am in the middle of studying for my GMAT and plan to apply to Business School in the fall. My education was in Internation...
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Company Interview: Evercore - Equity ResearchWhy are you interested in Equity Research and what specifically about REITs? How is the REIT Market doing? How is the overall Real estate market doing? What is your view on the tax plan and how will it affect the real estate market? Why are the debt and equity capital markets important for real esta...
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Company Review: Credit Suisse - CL King InternValuable hands on experience in Equity Research. A unique opportunity to work with and learn from a Senior Analyst for someone who did not get a FT offer out of undergraduate.. All interns are paid $10 for 40 hours per week without exceptions. Typical work week is 50-60 so can lead to frustration....
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Power, Utilities and InfrastructureHello all, Was curious to know if you guys would be willing to share a PUI or midstream sector primer. I've found a few from the department of energy and FERC. However they tend to be focused on the regulation side. Thanks in advance...
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Company Review: Tudor Pickering Holt and Co - Research InternVery fun culture. Working with group of young peers makes the long days bearable. Also, free dinner every night was a plus. . Having to go to work before 6am everyday and leaving late at night means no exposure to sunlight during the week. Gets kinda depressing. ...
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Company Interview: Stephens Inc - Equity Research AssociateAll of the questions were fit based, so not really much to say here. My meetings with the Associates were purely conversational, with plenty of time left for me to ask them questions. They spent a lot of time telling me about their responsibilities, the team dynamic, and gave helpful insight into th...
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University Senior looking at pathways to ERWas wondering if being a sales analyst at a f500 would add to being an attractive candidate for ER. Want to know what other options I can explore that will add value while studying for CFA. Background: Non-target, economics major ~3.0cgpa No prior work experience in anything relevant. Thanks!...
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Need some help for upcoming ER interview (physics student)I have an interview next week at a BB bank and was looking for some advice on what I need to know for the technical side of the interviews. I follow financial markets and stay updated with current affairs but I'm not that clued up with a lot of financial jargon (study physics). I have an okay unders...
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Company Interview: Barclays Capital - Research Summer AnalystA few complicated questions were: * A number of brainteasers questions that can be problematic if you don't know how to handle them. I landed billions away from the correct answer, but since the reasoning made sense with the numbers I used, the assessors rated me quite well. * A lot of second ...
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Help a college junior break into Equity Research! What steps do I take next? About me: -Studying Finance at Kenan Flager (UNC) -Will most likely graduate Summer 2019 -Really good Grades-3.88 GPA (likely will go down a bit in the next year) -Haven't taken GMAT yet -Two internships but unrelated to ER (Real Estate and Sales) -Considering either MF or MBA but not sure which one...
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Company Interview: William Blair - Summer Research AssociateHe asked me to teach him something in 10 minutes - it could how to grow tomatoes or how to sew. But he said not to talk about business at all ( I was recruiting for a research associate interview - the best thing would have been to pitch a stock - to which he refused). this was the most unexpected t...
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Fine Dining Comps - Ideas?I am building a comp set for a client in the Fine Dining sector... CapIQ spit out a good but limited data set... I was wondering if anyone with experience in this niche sector could throw some other ideas my way. So far I have: -Trading- Fogo de Chao Ruth's Hospitality Group Del Frisco's Restauran...
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Credit Suisse Equity Research Summer Associate 2018How many of you got an interview call for Credit Suisse Equity Research Summer Associate 2018???????...
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Boutique ER Interview PrepHi WSO, I landed an interview with a boutique ER shop that focuses on the tech sector. It is hard to dig up information on the shop, but it is led by a few analysts that are highly regarded on Wall Street. They focus on the printing, photography, display and enterprise hardware industries. **Que...
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Solutions for exercises and cases from Financial statement analysis by PenmanHey guys Does anyone have the official solutions for Financial statement analysis by Penman? Referring to the exercises and mini cases in the book....
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Best SS shop ahead of MiFidCurious what other sell-siders think is the best type of shop (boutique vs. bulge bracket), or specific place (JPM, Citi, ISI) to be at once MiFid rolls around. Is anyone actively trying to move around because of this? What cautionary statements are you guys hearing?...
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Will I Miss The Boat by going to a startup?Hi Everyone, In ER for 1.5 years, in tech. Getting better at my job obviously. Easier to do the job etc. I am dieing for something entrepreneurial, and startup focused. I want to deal with people, grow an actual product/company and to use my personable personality instead of sitting on excel all d...
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Best computer for equity research?Guys I’m new to the forum. I’m looking for a PC. And only a PC. I know there are tons of options out there, but here’s what it’s come down to: Lenovo P51 Lenovo Carbon X1 Dells XPS15 The computer will be used for business uses including modeling, word processing and other related functi...
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EA’s “loot crate” controversy **What happened?** Electronic Arts has recently announced their new game Battlefront II, which included a “loot crate system” that requires real money to purchase. The loot crates grant players the chance of getting popular characters like Darth Vadar without having to spend hours earning point...

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