Silver BananaTopicReplies
Bank of America Merrill Lynch - Review - Equity Researchgood culture, but your experience really depends on your team (which is randomly selected for you)... There has to be a better way to place interns because you could easily end up in credit research even though you're really passionate about equity...
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Jane Capital Partners - Interview - RiskI don't remember the specific question, but for advice, it would be good to have general knowledge of how to model probability events, maximize expectation, and use bayes rule, etc not necessarily in the context of stock pricing or options but in simple games. I don't remember the specific question...
Sidoti and Company - Review - Equity ResearchFlexible working hours. Now it’s very focused on working remotely and some say that is a bad thing. Small cap niche. Terrible culture - generally people are unhappy unless they are interviewing for a new gig Quality of research is low....
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Written interview question - What do you think about this company as an investmentHi fellas, Heard back from a midsize buy side shop about a second round for which I'll have to answer four questions over email. Last one is "what do you think about company XX as an investment?" They attached a sell side ER report for context. Got a week to do this, how detailed of an analysis are...
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Securities Exam Series 7, 63, 86 and 87 recorded lectures, exams and books for sale cheap Hi, I'm selling Series 7, 73, 86 and 87 notes, books, online final exams, and access to lectures and lecture handout. This is the same I used to pass all 4 exams easily in one go. Can either post the books or meet in person in NYC to hand over. Willing to sell for cheap. If you are interested, ple...
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bcIMC - Interview - EquitiesNothing unexpected as the first round is a take home assignment. One question asks to write up a 2 page note for an earnings call. The second question in the assignment is to forecast the same company's financials for five years and derive a price point through a DCF. They require comments about ass...
Russell Investments - Interview - EquitiesWhat do you know about the markets/current events and what does that mean financially? A lot of behavioral questions essentially asking how you would work in a professional environment and in a team setting. Was not really asked any technical questions; however did bring a stock pitch and was asked ...
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Any JPM NY 2019 Summer Markets - Equity Research Analyst?Just wondering if anyone is joining JPM NY's equity research next summer? Curious about what people's backgrounds are like, and also what does the lifestyle in ER look like? ...
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JP Morgan AM - Equity ResearchWondering if I could get some color on JPM Equity Research, under Asset Management in the Investment Management arm. Locations/prestige/hours/pay/work/exit ops Thanks...
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Transaction valuationCan a merger transaction be analyzed with the following data: Accounts payable -1,708 Accounts receivable 16,942 Accrued liabilities -9,423 Debt assumed -385 Deferred revenue -1,766 Goodwill 79,639 Intangible assets 41,460 Long-term deferred tax liabilities -14,169 Other assets 53 Other liabilities...
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Software Industry Equity Analysis: Do you add back Def. Rev?I know that due to GAAP accounting, revenues are recognized on the basis of how often the payment is due. The rest is compiled into deferred revenues. Thus, is it reasonable to add back deferred revenues to sales? ...
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Software Primers for Equity ResearchAre there currently any primers for the software industry atm? I'm familiar w/ several resources such as arkInvest and Meeker trends, but in terms of understand the software, and how the software market is, there aren't much information to anything. I'm open to anything!...
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Equity Research 2019 intern recruiting?When does recruiting for 2019 internships start in ER? I know that IBDs has already started general recruiting but I haven't seen much for research divisions. Any info is appreciated. ...
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Starting Coverage-Good and Bad SectorsJust wanted to get everyone's idea on what is currently a good or bad sector to initiate coverage. My firm is considering having me cover cannabis. I don't know if that's the right path for me and also don't know if I want to get involved with working for a cannabis company down the road. I have ...
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Raymond James Financial Inc. - Review - N/A*able to actively contribute to reports *management does good job of checking in *very laid back / relaxed culture. *cubicle lifestyle; not much interaction with others *don't get to pick your group *not enough work to do...
Evercore - Interview - N/AHow does depreciation affect the 3 financial statements?How does depreciation affect the 3 financial statements?How does depreciation affect the 3 financial statements?How does depreciation affect the 3 financial statements?How does depreciation affect the 3 financial statements?How does depreciatio...
Credit Suisse - Review - Equity ResearchGreat hours in Chicago branch. Pretty much worked market hours. Also a very intellectually stimulating group, want to see you grow.. Fairly small branch of Credit Suisse. Not a lot of access to other groups. Also being in Chicago means lack of networking opportunities with other banks....
Raymond James Financial Inc. - Interview - Equity Capital MarketsThe behavioral questions were fairly straight forward and very typical of first round interviews. 1) Why Raymond James? 2) Why equity research? 3) Tell us your story? (wording a bit weird, but just a variant of tell us a little more about yourself) 4) Rate yourself from strongest to weakest on thes...
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What can I do 2 yrs before graduating PhD Life Sciences in non-target school to be a competitive ER applicant I am doing my PhD in Pharmaceutical Sciences/Toxicology in a non-target school in New York City. I am in line to have a solid publication record come graduation and have presented at several internationally recognized conferences. What are some things I can do (besides networking) that will help m...
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Which capex I should use? (one in cash flow; one in ppe schedule)Hi guys, I'm always confused of which capex I should use for FCF calculation or company analysis. There are two capex in financial statement, one is from cash flow segment and one from ppe schedule. So which one I should use? Thanks very much!!...
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Morgan Stanley Smith Barney - Review - Private Wealth ManagementLaid back team with friendly culture. The supervising FA is willing to teach me general finance to me during down time; good opportunity to learn about asset management. . Nature of the work I was given to do is not very exciting for me as a young professional. Didn't really see an opportunity to mo...
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CFA Study Hours (that it took you to pass) in relation to alma mater, major, and GPABasically I'm studying for the CFA Level 1 right now and everyone puts up a number of hours that they took to study. However, everyone comes from different background and has a different IQ so it would be nice to see some numbers from people who include their alma mater (or general type/"quality" of...
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National Bank Financial Group - Review - IndustrialsA structure which wants to create the change, and understands the reality of the market. Really competitive employee plan and salary. Could moove too quick for some "Traditionnal" banking profiles, Not a lot of benefits, holidays are less....
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Insights into Capital Group's Investment Group Information Resource (IGIR) Associate position?Does anyone have any insights into the Capital Group's Investment Group Information Resource (IGIR) Associate position? It doesn't look quite like equity research, more like doing research for investment analysts. Any information would be great (actual work, comp, exit opp, MBA boost etc.) Thanks in...
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Deutsche Bank - Review - Equity Capital MarketsGreat culture and top notch people who are all working hard. Very flat organization and not very hierarchical. . A lot of hours with early mornings expected. not very many promotions from inside. No 401k company match. ...
Evercore - Interview - Equity ResearchNone of the questions were really unexpected, I think the ones that I found most difficult dealt with the following: Pitch me a stock - I was able to prepare for this with the template on this site. What are some of your weaknesses? How have you been attempting to correct them? - Generic, safe ans...
Stifel Nicolaus and Company, Inc - Review - Consumer - RetailHours are fine. Good people. Certain teams of course do better than other teams, important to be under good analyst.. Pay is not great and i would say below street average. Not great resources. High turnover amongst senior analyst....
Credit Suisse - Interview - N/ANothing unexpected, mainly just behavioral questions. My interview was pushed because they run over time for previous candidates so more time to prepare for me : ) Some questions includes Like tell me about a time you work in a group, tell me about a time you act as a leader and the typical strength...
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Biotech Equity Research with no Science backgroundHi all, I recently finished up an SA S&T stint @ a BB and received a full-time offer. I have been contemplating the decision on whether or not S&T is the right place for me. Being in markets I obviously had a lot of exposure to research and found it very interesting. I have always had a desire to ...
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How to value a company with zero revenue?Does anyone know how to value company with zero revenue; basically, a healthcare company in the trial phase. Can you use a DCF and just discount far out projected revenue? I searched the forums and found prior subjects regarding private companies. Would that be the same method?...
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Free forex trading signals todayFree forex trading signals today GBP USD sell @ 1.3180 TP @ 1.3110 SL @ 1.3220 forex trading signals today Description by words GBPUSD is preferred to sell on FX market from 1.3180 order type executive order Take profit determine TP @ 1.3110 Stop loss level SL @ 1.3220 Free forex trading signals an...
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Best France/Europe Research firmHey guys, I'd love to start my career in Paris or Frankfurt (personal reasons) and am wondering if there is any possibility to work in Research there (Equity/Credit ideally). So I was wondering if any of you knew of well ranked continental european research houses. I already know for most BBs, but n...
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Charles Schwab - Review - Private BankingNice, new building. Good cafeteria. Plenty of investment in new initiatives for employees. They really make you feel like you are wanted at the company and they will offer great incentives to make you stay.. Time-off policy is quite antiquated and difficult to manage. There is no separation betwee...
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Magellan Research Group--Anyone know anything about it? deleted this deleted this deleted this deleted this deleted this deleted this deleted this deleted this deleted this ...
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What buy-side firms are recruiting for entry-level research associates right now?As the title says...what buy-side firms are recruiting? (directly out of undergraduate/non-MBA masters) Thanks. ...
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D.A. Davidson & Co - Review - GeneralistThe work is easy and sometimes when clients come we get bagels. If you like working in a smaller, quieter environment, this is for you!. Pretty low pay, you get very little sleep, work is monotonous and uninspiring. They hire a few jack-offs....
CIBC World Markets - Review - Equity ResearchSolid sell side experience, get to learn the vigour of sell side models. Employees have good street connections which is useful for when you want to leave eventually. Weak culture, minimal resources given to employees. Barely anyone wants to do anything together after work. Library culture in the of...
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Pricing questionI have a question about what a boutique research firm would typically charge for a subscription service. For example if the firm provided primary research in the healthcare arena that consisted of in depth interviews of healthcare professionals (not necessarily all physicians) about usage and awaren...
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Macquarie Group Limited ABN - Interview - N/AMost questions expected and regular behavioral. Be prepared to talk about your investment ideas and such. Also be ready to talk about your excel and valuation skills. Also logistics questions asked such as compensation and expections. Please also be ready to talk about your future plans, your str...
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Equity Research Associate at a Boutique Firm - AMAHi WSO, I want to give back to WSO after using this website and many other resources to move from PubFin to Equity Research. Feel free to ask me questions and I will get back to them as soon as I can. I am by no means an expert (less than 1 year in ER) but I can add my insight into the industry and...
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Interview for Evercore S&T ER Sales Summer analyst 2018 Please HelpI just got a interview for Evercore ISI equity research sales, can someone shed some light on it. What should I expect at the interview?...
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ER Associate Post Final Round Interview Confusion Ok so here's the deal- I applied in early August for an associate position at a boutique firm that is headquartered in New York but the role is in a satellite office. The analyst who i would work under reached out to me to set up a initial phone interview with the current associate under him. After ...
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ER analyst or sales?Hi all, I have been battling with a tough dilemma for a few years now - I'm in ER sales, have CFA, have had multiple opps to switch to sell side/buy side analysts or more specialized sales, but indecisiveness kept me in a generalist sales role. I currently have a good opportunity both for sell side...
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Broker Vote TrendsHey, does anybody have an idea of broker vote trends among the BBs over the last 3 years or so ? The reason i Ask is Im looking to move shops and just want to see where things are going I know JP is at the top and has been but not sure how the rest of the top 5-10 has evolved over the last 3 to 5 ...
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Biotech - Phase 3 odds of success? What are relevant models to use?Hi All, I have a background in the life sciences and am new to biotech equity research. Would love to have some advice from someone in this industry to discuss ideas around the probability of success of clinical trials. With a real emphasis on using quantitative (statistical) models to predict out...
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Raw Materials as percentage of COGS?Hi, I am working on a model for a manufacturing company. I'm trying to test the sensitivity the price of raw materials has on COGS. Is there an effective way to estimate what percentage of COGS raw materials consists of? I've been through the filings and while they do provide breakdowns of the raw m...
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History major for equity researchI am currently majoring in econ and minoring in history at a non-target, small lib arts school. I'm entering my junior year now. I had a decent GPA that took quite a dip last semester. So far, I've taken intro in econ and money and banking. Although I've done well in those two classes, I am concerne...
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RBC Capital Markets - Review - IndustrialsGreat culture and upper management seems to actually care about the associates. They are very accessible. Don’t feel fulfilled at work. Technology and IT is awful and makes workflow a challenge especially when trying to connect remotely. ...
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What software do you use for equity research? Just wanted to ask the community what software do you use to do your equity research. Are you heavily into excel? ...
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Credit Suisse - Review - Consumer - RetailGood employee benefits. The people are smart, interesting, and enjoyable to work with. The compensation is competitive. Being fairly new to the job I have not discovered what the cons are. Some cons I have heard from other people are that it is competitive, however, this is something I like....
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Jefferies ER - London. M&A to ER AdviceWorking in tech m&A and have the opportunity to interview for a tech ER role. This is for a senior junior role e.g. 3+ years professional experience 1) Anyone got good info on Jefferies, ER in London 2) Any specific things to get to grips with on skills/valuation/models - Prep to date has always be...
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Bank of America Merrill Lynch - Interview - GeneralistThere is a case study 1 on 1 interview. The company gives me an equity research report and I need to answer the following questions: 1) cash flow analysis in the past 3 years 2) potential risks to the stock 3) what do you think of the stock? a buy or a sell? and reasoning behind it Other questions a...
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Anyone know about Goldman Sachs Global Investment Research Fellowship thing?So Goldmans Sachs has this Equity Research Fellowship program for MD/PhDs in their Global Investment Research division ... [Link](https://uscareers-goldmansachs.icims.com/jobs/44826/gir%2C-equity-research%2C-md---phd-fellowship/job?mobile=false&width=760&height=500&bga=true&needsRedirect=false&jan1...
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Raymond James Financial Inc. - Review - Equity ResearchThe company offered good work/life balance, decent ownership over work as an intern, and great support from peers.. The work there sometimes moved a little too slow and I would be doing nothing, but otherwise no cons....
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Independent ER (e.g. Morningstar) Exit OpportunitiesWhat exit opportunities would an Analyst from an independent sell-side equity research firm, like Morningstar, have?...
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Citigroup - Review - Equity Capital MarketsLove the people and the culture of the place. Lots of help and people who want you to succeed as your just an intern. . The work hours are really long, usually 12 hours a day Monday through Friday. The work gets a little boring. ...
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Anyone know about Goldman Sachs Equity Research Fellowship thing?So Goldmans Sachs has this Equity Research Fellowship program for MD/PhDs in their Global Investment Research division ... [Link](https://uscareers-goldmansachs.icims.com/jobs/44826/gir%2C-equity-research%2C-md---phd-fellowship/job?mobile=false&width=760&height=500&bga=true&needsRedirect=false&jan1...
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ER Interview with MD over Skype (30min)?Hi all, Long time reader first time poster. Quick question for you guys to get your thoughts: I have a 1st round interview for an ER associate role next week with an MD in the group scheduled for 30min via Skype. What kind of questions should I expect here? I was thinking it would be mainly beha...
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Wells Fargo and Company - Interview - Equity ResearchThe questions asked were mostly about fit and behavioral so there weren't too much technical questions. The team was mostly concerned that they brought in the "right" candidate, who will learn under them. One interview question I did get was - (1) Walk me through $100 increase in depreciation throug...
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Cant figure out why model cant balance ?I cant seem to figure out why the financial model cant balance. The purpose of building this model is to balance it. Hence, pretty much everything is being averaged and structured simply. Much helps appreciated....
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Credit Suisse - Review - Equity Capital MarketsHigh grade team and chance to learn from the best in the industry. Initial experience in the industry. - Poor work-life balance. - Low compensation considering the long hours. - Very long hiring process...
Stifel Nicolaus and Company, Inc - Review - Equity ResearchOutsized responsibility, lean teams and a great culture. Think that the the firm is doing everything to become a force in sell side research. Fragmented workforce and no structured training program. Feel it is hard to connect with people across groups. Lack of formal guidance in terms of career d...
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Research Analyst NetworkHello, I have created a network group for Research Analyst. This group focuses on building a strong community for research analyst professionals from around the world. The objective is to allow analysts to share ideas, documents and job opportunities. Once some people will join, we will create a...
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Quitting internship at small mutual fund to take part time ER offer at top BB bank?I'm currently interning at a small mutual fund, with the expectation I would still stay on on for the rest of the school year until summer 2019. I've been doing it for half a year. I don't like it that much here though honestly, and I recently got an offer to do part time ER at a top BB. I'm split o...
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Putnam Investments - Interview - GeneralistThere were some brain teasers. They asked about why renting a tuxedo is equal in cost to renting a car even though cars are more expensive. They also asked me what kind of business I would start if I was starting a business on campus at the college I go to. They asked some follow-up questions about ...
Moody's Analytics Knowledge Services - Review - ConsultingIs a company with clear career paths and constant challenging situations. It comes with daily tasks that involve tackling different situations with clients. . Average to low salaries compared to industry peers. Managers aren't that good regarding leadership and management skills....

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