Silver BananaTopicReplies
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JP Morgan Securities - Review - Equity ResearchBest management team I've worked for. Few upward mobility options. SMID Cap coverage is always influx. . Hours have gotten better with time but pay and quality of research has slipped. Too many career associates. ...
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CFA Registration InquiryHello everyone, As the title suggests I have inquiry regarding the CFA Level 1 exam registration process and specifics around the “requirements” for enrolling for it. To give you some background information, I’m doing BA HONS in the UK (Scotland) and my course is composed of Bachelor’s Deg...
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T Rowe PriceI was hoping someone could shed some light on the T Rowe Price Equity research program in London. I know their headquarters are in Baltimore, but I am assuming their London office is quite large. Compensation, bonus, Exit Ops, culture, etc (incoming associate analyst)...
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Chances of getting into top MBA program with a shit GPA?Currently a Junior at a nontarget university in the Bay Area and there's no way my GPA can be any higher than 3.3. What would increase my chances of getting into a top MBA program (besides getting a good GMAT score)? Another question I have is what type of internships should I be seeking? I'm curre...
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Canalyst - Interview - Equity Capital MarketsIf the us government 10 year bond yield rate goes up what will that change the commodity market for lumber in Canada. The questions are mainly focused on commodity market instead of equity. However, the main business of the company is equity research. The questions are extremely difficult. Then they...
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CITIC Capital - Interview - GeneralistThe interviews consist of the typical equity research questions. It also include more specific company and industry questions based on the investment thesis report. In the end, you will also be asked about the behavioral type questions based on the CV you submitted. The most difficult part is the ...
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3 statement financial model templateDear all, I got past my second round interview for equity research associate position, and they have sent me an assignment to do. I was wondering if anyone had a dynamic 3 statement financial model that they would be so kind as to let me see. I want to make sure that I am doing everything right, ...
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Primer on investment banks/asset managers/brokersHi everyone, Does anyone have a primer that covers investment banks, asset managers, and brokers? Thanks!...
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Rutgers NB Junior 3.5 GPA PWM intern looking to break into ERHi all. The title gives a decent background for me. I'm a junior finance major with a 3.5 cumm at Rutgers New Brunswick. I currently intern at a small PWM firm specializing in healthcare. I do some research but for the most part, it is just your typical PWM internship, cold calls etc. I have been ap...
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Equity research -- interactions with buyside?Could anyone in equity research (particularly junior) describe special project you did for someone on the buy side? Trying to get a better grasp on work that is outside the scope of normal model and idea updates, initiations, etc...
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Private Bank Trading Desk to BB Equity Research Hi Guys, So currently I am in the Private Bank at a BB. I sit on the sales trading desk and cover semi institutional clients (think 200MM+). Basically we do a sales trading job, pitching ideas we get from the asset class strategists in our PB to our clients (all assets classes equity, fixed income,...
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P-test Exercise for ER interview Hi, I have an equity research interview coming up soon and part of the process is a p-test exercise. This is my first ER interview and so I am unfamiliar with this exercise. I have previous intern experience in a banking role but nothing modelling related. Could someone possibly point me in the righ...
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Choose between BoAML ER or PIMCO product analyst?Received summer internship offer from BoAML Equity Research and PIMCO product analyst, both at London. Any thoughts on which one is better? Like return rate, salary and career path?...
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Facebook - What's Their Next Plan?Hi everyone, I'd like to know how you all are thinking of a next move by Facebook in 18's and perhaps whether my thought process might resemble with some of yours. If different, I welcome any different opinions. After their last earnings release and Mark's statement of creating an internal progra...
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Introducing Myself - 24 year old studentHello, I just wanted to introduce myself, as I just joined and the starting message mentioned I should. Currently I am a student in Cleveland, Ohio, and I will be graduating in December. After some changes in majors over the years, I finally know I want to be doing equity research. I have stumb...
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The Motley Fool - Review - Equity ResearchVery relaxing environment. Pretty easy to choose the project you're on. What you get out of it directly scales with the amount of work you put into it. You aren't really pushed to perform. Intern program isn't very structured. Not as many perks as other big tech firms....
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Difference between sell-side and buy-side equity research (culture/ atmosphere, salary, career paths, etc.)?Hi, I'm very curious about the difference between being a sell-side or a buy-side equity analyst. Of course, one main difference is that you don't talk to clients when you are a buy.side analyst and that your reports aren't published, as they are for internal use only. but what else? do pay (of cour...
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Equity Research - Which banks will "survive" post-MiFID?**Question**: Incoming FT in Equity Research and as the news go (lately with Nomura signaling a shake-up), I was wondering which banks you think will have to cut down significantly when the effect of MiFID have gone into place? **Sub-question**: As an incoming FT for a BB (without getting to specif...
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Dimensional Fund Advisors - Interview - Investment BankingWhy do you want to work at DFA? Explain DFA's investment philosophy? ...
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(TGT) Target Corporation 10-K Analysis: Accounts ReceivableHey Everyone! I'm an undergraduate Finance major. I've been practicing my valuation skills with real companies to understand better how it's really applied to the market. I'm proud to say that I improved a lot. However, there're still times in which I have trouble understanding financial reports....
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Target IRR for Small/Mid-Market CompaniesIs there a general target IRR the market is trying to hit when valuing an acquisition? I realize it may vary a lot by industry, but I was just wondering if someone could give me a generally accepted minimum target IRR or maybe a quick breakdown by industry. ...
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CFA Materials: Schweser vs BloombergHello all, This week I registered for CFA Level 1. I registered for the June 2016 exam. I am wondering if anyone has used the Bloomberg study materials for the CFA. I know Schweser is the go to for most people but it looks like Bloomberg's product is pretty strong. You can get either program for ar...
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Travel Passport for CFAHello, For all those who have taken the CFA, I have a quick question regarding passports for the exam. I am not a US citizen and have a regular passport from my country of origin. The requirement states that I need an International **Travel** Passport. I'm not sure if there is a difference between ...
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What am I expected to know as an incoming ER SA?My fellow monkeys, I am in dire need of some guidance, here! I won an ER SA position for this upcoming summer with an MM bank and was looking for some advice on what I should be brushing up on in the next few months leading up to my internship. Coming from a non-target, I don't have any classmates ...
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Equity Research vs. Due DiligenceIf you had 2 offers: 1) Equity Research Associate- Sell Side- at Susquehanna International Group (SIG) or 2) M&A Advisory Due Diligence Senior at Deloitte (not the corporate finance group) Which one would you take and why?...
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Best Equity Research Providers For Small FundsStarting with a small fund focused in US equities shortly and was curious where these funds find research content. I know in Europe the unbundling is pushing bulge bracket research prices down, but a lot of it still seems too pricey for a smaller fund to pay for. Here in NA content access is still t...
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NOPAT with benefits from income taxesHey - am using the marginal tax rate for my NOPAT calculations. How do you treat benefits from income taxes though? Simply using 0% for the marginal tax rate so that operating profit = NOPAT? ...
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Susquehanna International Group (SIG) Equity Research Associate First Round IntervireHi, I will be having an upcoming phone interview with an HR for this position. I would love to hear any suggestion on how I should prepare for this? From what I understand, there will be brainteasers, probability and stock pitch? ANy take on this? Thank you! ...
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Goldman Sachs - Review - GeneralistDecent work - life balance; had most weekends to myself outside of quick report/model updates and emails to senior analyst.. Outside hires and lack of internal promotions was demotivating. Did not see many individuals promoted from associate to VP...
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Looking for an equity research mentor!Hi, I will be interviewing tomorrow with for a MM ER role (junior) and I finally realised that I really need someone to help me with a few things before that. I am looking for a mentor / tutor who would be willing to help. I can obviously pay as I recognise it is someone's effort! Please let me kno...
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Morgan Stanley - Interview - Equity ResearchHow would you value a deferred tax asset? What is something interesting that is occurring in your local economy? What is the Bloomberg Aptitude test? What is one of your biggest failures? Why do you want to work in equity research? Why do you want to work at Morgan Stanley? How did you get intereste...
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Goldman Sachs - Review - HealthcareWorking with very intelligent peers. Teamwork collaboration. Unparalleled corporate access and network. Can be difficult to get promoted. Compensation variable across groups. Political work environmentsss...
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CRT Capital Group - Interview - CreditNothing too unexpected. Have a good sense for the job and what it entails. The presentation component is where you can really shine. Otherwise its just the normal stuff from the guides - was asked about my accounting background, what I knew about the job, perspective on current events, background ex...
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Morgan Stanley - Review - ResearchGood culture and meaningful work. Great learning opportunity and ability to explore different groups.. Cost cutting and MIFID II regulation is negatively effecting the future of the industry and compensation....
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Help with a financial model. I cannot figure out where my links are wrong. I have spent the last couple of days trying to figure out where I am wrong in this model. It is my first one and I have basically lost the forest for the trees. If someone has time to look this over I would be grateful....
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Susquehanna International Group - Interview - Equity ResearchThere were a handful of difficult questions. For example, market-sizing-esque brain teasers (e.g. how many tennis balls can fit in an airplane); and then some somewhat difficult brainteasers (e.g. how would you go about cutting a cake into eight equal pieces using only three cuts; what is the date c...
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Maximum permissible limit for an investor to purchase shares in a company?Hi everyone, I wanted to know if there is any limit on a shareholder to acquire shares of a US-listed company. For example, is there a percentage limit of total shares that a shareholder (including the original company founder) can purchase from the open market before any rules or limits trigger in...
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UBS AG - Review - Equity Capital MarketsGood culture but teams dependent. reasonable hours if you have good sense of the industry. ok benefit among banks. Loss of good analysts consistently. only a couple top analysts left. young guys have to work very hard....
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Choosing peer group companiesI have to do competitive positioning analysis of a mining company which focuses on copper mining/production. The company also produces some other metals as by product. The share of company in global copper industry is very small-less than 0.5%. How can i develop peer group? What factors should i loo...
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Mining company revenues forecastingHow can i forecast the revenues of a mining company for 5 years. What sources can i use? Is there any standard financial model?...
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DCF valuation of a copper mining companyWe have a copper mining company to value. The share of our company in global copper market is very small-less than 0,5%. We are going to use 2 models.The first one is Discounted cash flow model and we are struggling with it. In order to calculate free cash flows we need projected revenues and capita...
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Equity Research Productsdeleted.deleted.deleted.deleted.deleted.deleted.deleted.deleted.deleted.deleted.deleted.deleted.deleted.deleted....
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what to move into in a post mifid world?Trying to figure out what are the exit opportunities now in a post-MIFID world. I am currently in BB for a few years, but I dont think people will survive in research. Just trying to cover my own end. To be clear, my goal is not to take a 50% paycut obviously and go into IR as an associate lol, but ...
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Help getting pro ER financial models (mining, reits, FIG, O&G, etc)Does anyone out there have real, professional equity research financial models? I'm practicing as much as I can but I am getting stuck designing models from scratch for more complex companies as all of the templates for the modelling courses I've done have been relatively simple. What I'm lookin...
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HSBC - Interview - OtherWalk me through how you would evaluate the value of art body. Basically, there are more than one way to answer. My answer did not meet interviewer's expectations because he wanted me to use DCF (while I relied on comparable analysis). He specified the question and asked me how you would evaluated it...
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Bloomberg - Interview - GeneralistEverything is fair game but the most difficult or unexpected interview questions was that the interviewers kept asking deeper in a situational question regarding teamwork and a situation where no one has the time to get work done how would i manage my time and prioritieze different types of work... ...
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JP Morgan Work Opportunity Tax Credit for ApplicationHas anyone applied to JP Morgan and had to fill out a work opportunity tax credit (WOTC) before the interview? I received an email after applying and just wonder what they would use the info for?...
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Best Fixed Income/Credit Research houseI was just wondering if anyone here had an idea of how the various banks and even independent research houses rank when compared to another. With Mifid 2 now implemented, I believe it is more relevant now than ever before. Sadly, I don't have access to the Institutional Investor ranking. I'm mostly...
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Quick question.. How niche of an industry can you usually choose? (If given a choice)Basically, I'm really interested in food/beverages, but it seems like many associate positions would cover staples as a whole? Typically, would it be possible to focus on just food/beverages. I do see some analysts as Staples, and some really specific, like only restaurants, so I was wondering if ...
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Credit Suisse - Interview - EquitiesTell me about your most philanthropic effort. Tell me about a time that you ran in to a conflict with a co-worker and how you dealt with it. Tell me about a time that you worked on a team - what role did you play. What industries are you interested in covering. Asked about a company that I was inter...
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AllianceBernstein - Interview - N/AAn unexpected interview question I was asked would be a case study that was presented to me by one of the analyst. The context of the question was how one would go about evaluating Lyft. Another questioned that followed that would be how could someone take Lyft and compare it to its competitors, the...
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Advice if you can't stand it?Started ER this past summer thinking I would be happy in the job for a few years before likely trying to go to the buy side. I've quickly realized that ER is not for me, and I'm not sure moving to the buy side (if possible) in a year or two would be much better. Any advice on how long should I stay ...
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How to Get Started Writing Equity Research Reports As An AmateurHi, Since I have been struggling finding a job this summer, I was thinking about writing some equity research reports on my own while studying for the CFA and perhaps use these as a way to show interest and maybe break into ER for the next summer. However, I have to be honest, I don't really know w...
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BB&T - Review - IndustrialsGood work life balance, solid industry expertise with lending in their sector. DoR is very hands off.. Now no longer offering research/sales/trading, DoR being hands off also translated to him not paying attention to which associates were truly value-add...
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Elijah Watt Sells Award"The EWS award is bestowed upon CPA candidates who have obtained a cumulative average score above 95.50 across all four sections of the Uniform CPA Examination and passed all four sections of the Examination on their first attempt. A total of 102,323 individuals sat for the Examination in 2016, with...
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Scotiabank - Review - Equity Researchpretty happy with the team/work, would rate 9/10. Work and sector cover's very interesting given Canadian lags behind US counterpart. Median pay Hour expected, maybe a bit long for equity research No allowance like IBanking but livable...
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Your sales process for selling research - HELP!Need help describing an in depth sales process for research sales. I have an interview with a large Gartner like firm and need more detail in describing pipeline growth and just general process. Any description would be a huge help and much appreciated...
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S&P Capital - Interview - GeneralistThere was nothing really difficult about the interview. i had prepped a lot about credit ratings and what factors to consider, but they were largely behavioral. one interviewer had more of a conversation than actual drilling me with questions, while the other had a packet of questions to refer to. T...
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Little bit of a crossroad here.. Disadvantaged College Senior weighing optionsHello, I am a Senior at a state school, with some real decisions to make. I had a completely disinterested first 3 years of school, with really no direction and no big (any) career goals. Well, I am now forced to do something about it. I had a 3.15 GPA until Junior year Fall. Mother passed, Faile...
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Goldman Sachs - Interview - Investment BankingWhy 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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Deutsche Bank - Review - Equity ResearchGreat 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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JPMorgan Chase - Interview - 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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JMP Group - Review - HealthcareYou 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 adviceno response. deleted.deleted.deleted.deleted.deleted.vdeleted.deleted.deleted.deleted.deleted.deleted.deleted.deleted.deleted....
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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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Bank of America Merrill Lynch - Review - PowerFantastic 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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Susquehanna International Group - Review - Equity ResearchRelaxed 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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SunTrust Robinson Humphrey STRH - Review - Equity ResearchGood 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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KeyBanc Capital Markets - Review - Equity Capital MarketsPeople 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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Morningstar - Review - Equity ResearchVery, 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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Jefferies & Company - Review - Equity ResearchGood 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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