Silver BananaTopicReplies
BMO Capital Markets - Interview - Equity ResearchAsked to present a stock pitch. Couldn't use the one that I prepared, which threw me off. Asked How I would model a company in the same industry (telecom) that was going bankrupt. More on the spot questions to see how I can think through an investment thesis. The fit questions weren't too bad - what...
AllianceBernstein - Interview - Equity Capital MarketsMarket sizing questions can be quite unpredictable. My specific question dealt with estimating the size of cars in Mumbai. This was followed by questions on analysing markets. My specific question dealt with estimating market size of electric vehicles in India. This was again followed by stock pitch...
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Help Needed: FT Associate InterviewHey guys, I have a HireVue this week with RJ for a FT ER Associate position. What can I expect, and how should I prepare? Stock pitches, technicals, behaviorals? This is my first time using HireVue, and I don't really know what to expect. I think I have a solid understanding of accounting, valuatio...
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Bloomberg - Review - Energy* Freedom to focus on the projects or research topics that are interesting * Time given to develop personal skills * Frequent collaboration with sales and product teams, opportunities to travel to conferences and visit clients . * Pay low relative to market * Weak data infrastructure ...
AllianceBernstein - Review - PharmaceuticalsQuality of work, quality of the brand, exit opportunities, everyone is very cordial and welcoming ... Long hours, average pay, internal advancement opportunities are limited. Long winded interview process...
Dodge and Cox - Interview - Equity ResearchMany behavioral questions on why equity research. While I have some exposure to it, there were some follow up questions that were pretty specific to my resume that I was not expecting. I was also asked to pitch a stock, and there were many difficult follow up questions that I thought were more diffi...
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Equity sectors in a nutshellHello friends, I got hands on a research file explaining all equity sectors en EMEA. It goes by this name "HSBC Nutshell A guide to equity sectors and emerging countries in EMEA" and it's from 2012. It provides: "a quick but thorough understanding of the major sectors, industry groups and countr...
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Cleveland Research Company - Interview - Equity Research You’ve got a 10 x 10 x 10 cube made up of 1 x 1 x 1 smaller cubes. The outside of the larger cube is completely painted. On how many of the smaller cubes is there any paint? You have stacks of quarters, dimes, nickels and pennies. The number of coins in the stacks is irrelevant. You can take co...
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Looking for Opportunities in ER in Los AngelesWondering if anyone has insight into opportunities in ER in Los Angeles. I've really only heard of Capital Group, Wedbush, and UBS being here. Anyone else?...
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JPMorgan Chase - Review - Technology, Media and Telecom (TMT)Smart culture, great team Smart culture, great team Smart culture, great team Smart culture, great team . Smart culture, great team Smart culture, great team Smart culture, great team Smart culture, great team ...
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Equity Research writing test+modeling test next Tuesday, seeking for adviceHey guys, I am going to attend a 2 hours writing test + modeling test for an ER position next Tuesday, since I dont have any experience or much knowledge about ER, could anyone give me some advice on what the test might cover or what should I prepare for it? Thanks....
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Free Excel Financial Data Providers?So I was just wondering if anyone knew of a way to get a free Excel add-in on data for companies. I've used Bloomberg, Factset, and Cap IQ's excel add-ins and they're great. I'm assuming if a free add-in is out there, it wont be too accurate, but its probably better than nothing....
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Renaissance Capital - Interview - Equity Capital MarketsHad to describe our passions for the initial screening. This was somewhat difficult, as we only had 800 characters to fully give our explanation. I don't know if you've ever had to explicitly write out the areas of your life in which you are passionate, but 800 characters is considerably too small. ...
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Equity Research vs Big 4 Accounting PartnerFor currently in ER (or another industry) where you do you place someone making partner at a big 4 accounting firm vs other areas in finance, specifically when comparing to ER. I feel that ER has a higher top if you land on the buy side or a fund, but partner at Big 4 is more secured. ...
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JPMorgan Chase - Review - Quantitative ResearchGreat people in every department: from Traders to HR. Very skilled and (over)qualified people even in support roles. A few people compare to other competitor meaning a lot of work. A lot of restructuration and opaque hierarchy (can't really get who is the boss of who)....
SunTrust Banks Inc - Review - Equity Capital MarketsGood management that caters to employee concerns. Good compensation for a mid market bank. Constantly working to grow the platform.. No office christmas party. Too many cockroaches all over the floor and in the bathrooms. Too many online training modules to complete throughout the year....
nomura securities - Review - Equity ResearchGood fit with senior analyst, High quality report writing system, Adequate working hours, Merit based. Not much company gathering, works independently from each other, salary is quite lower than other bulge brackets...
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Series 7 and Series 63I recently got offer for equity research. As part of the position, I am required to take the Series 7 and Series 63 exam. How should I prepare for these exams? Are there any good exam prep materials I should use? WSO Series 7 Prep Course Here ...
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CLSA - Interview - Equity ResearchWhat are your views on the political situation in singapore? what are your views on the chinese government efforts in water treatment and what would you do differently? this is part of the case study done in the third round. for the stock pitch round, questions revolved around my assumptions on th...
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Forensic accounting checklistCan anyone recommend a forensic accounting checklist? i.e. what points to go through beyond the plain vanilla financial analysis. thanks ...
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2019 SA Internship Equity Research & Asset ManagementI know there are lots of posts related to SA IB but want to know more on ER and AM side. Anyone who wants to share an update on 2019 SA on ER and AM?...
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Health Care Sector - Stock PitchesHello - I am responsible for covering the health care sector for a portfolio at my school. I am interested in hearing about news letters and other good resources people usually use to stay up to date on health care news. I have found many resources but am unsure which are reliable / often have goo...
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CIBC Canadian Imperial Bank of Commerce - Interview - Equity Capital Markets1) I was a former athlete and played my sport at a fairly high level. I was asked what I think it takes to make it to as high as I did in my sport. Why did I make it where I did vs someone who didn't. How does it correlate with the equity research role. 2) I've had several different roles in my lif...
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SS ER Associate interview with the AnalystHi guys, I have an interview this week (on Tuesday) with the analyst, who I think is also the director of research on the sell side with a large organization. Any idea what to expect/what to be prepared for? He's one of the top in the sector that he covers. He's aware that I don't have experience in...
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Evercore - Interview - HealthcareAfter asked to pitch a company long, was asked for each thesis point if the the market had already priced in these considerations? Additionally, how would we know if they had not, and what would our safety net (margin of safety) be? For equity research, asked how and increase in $10 of depreciation...
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Equity Research Final Round - Quarterly Results Write-upHello! I have an upcoming final round interview for an ER shop that is designating a 1-1.5 hour time frame with which I will be asked to do a write-up on a company's quarterly results. I was wondering if any of you have had experience with something like this in the past? I assume a lot of companie...
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Raymond James Financial Inc. - Interview - IndustrialsAll of the questions were pretty standard and expected for an equity research interview. Most people will find the stock pitch difficult as you'll have to explain why you think the stock is undervalued and provide multiple reasons why this is the case. I pitched two stocks that I was familiar with a...
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Final round interview with panel + Head of ResearchHey guys, I'm into the final rounds of a SS ER position. Can you tell me what to expect? One round is with a panel of associates and final round with Director of Research. Any insight would be great. Thank you!...
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Deutsche Bank - Review - ResearchWorking on interesting topics in a high profile team. Have broad exposure to the whole industry and certainly lots of learning opportunities.. Banks are more client oriented rather than actual market performance oriented. Not the most efficient way to learn about financial markets....
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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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Pro-forma income statement model for ER interviewThis might be a dumb question but I searched around and found no related answers: I am building a pro forma quarterly and annual income statement model that covers 2017 and 2018 as requested for an interview. I am familiar with 3 statement modeling, but the difficulty arises when they requested tha...
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Cannacord Genuity - Review - Equity Capital Markets1. Flat structure 2. Management understands things come up in life and allow you to work form hoe time to time 3. Good work-life balance . 1. Poor compensation (including bonus) 2. Not progressive and doesn't generate insightful reports to publish ...
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Splunk metadata informationWe recently purchased splunk and hired a contractor to implement it for us. We want to capture information from the log files and display it in a very simple manner via splunk. We are facing issues with collecting some metadata type information. I will try to explain it via an example : Server is ...
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FCFE discount model and DDMIs a FCFE discount model or DDM an accurate way to value a Aerospace and defense company stock. Also what sub industry is the FCFE discount model and DDM the most used within and gives the most accurate value of the company stock. Thank you. ...
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Actuary switch into financial analysis?Hi, I'm brand new to WallStreetOasis and newly considering a career switch into finance. If I have posted this in the wrong spot, or if it’s inappropriate to post a solicitation for career advice here, I apologize - please let me know. I would very much appreciate any comments or insight about ...
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In ER, what is the difference between biotech, pharma, healthcare>For example, it seems like some banks have different divisions and even for something like... AMGEN, it can be listed as a biotech at some and healthcare equity at another shop. Is there a difference or are they all one and the same? Please clarify! Thanks!...
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Exiting an Equity Research dream jobI always wanted to be an equity research analyst (sell side or buy side). But now that I finally broke in, and have been here for some time, I realize how bad shape the industry is in. Buy side keeps getting hit by shift to passive, while sell-side (where I am) faces structural challenges from MIFI...
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Exit Opps for Economic Research vs FIWhich one would be the best for eventually transitioning to a global macro fund (am most interested in FX) ...
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Credit Suisse - Interview - GeneralistHow do you work in a team, Describe the team structure at your current job. Do you follow specific stocks and what is your investing history. At your current job what was your schedule like dirt busier and less busy times, and are you a morning person. Are you okay with working with a small team for...
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Credit Suisse lead analyst in an attractive sector vs. top-10 HF analystAble to get an offer at CS research for a good sector (VP role w/ a junior analyst, base 250k) and an analyst role at a top-10 HF (fundamental L/S, base 150k). Both seem interesting; CS would likely be less day to day stress. Which do you think is better?...
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Would your job be easier/better without quarterly earnings? Trump today proposed a possible change to earnings season: reporting earnings only twice a year, instead of four. https://nypost.com/2018/08/17/trump-asks-sec-to-study-six-month-reporting-system-for-public-firms/ Would eliminating quarterly earnings make your job easier/better/more enjoyable? Or...
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T. Rowe Price - Review - Equity ResearchTROW has a really supportive and engaging environment. The people there are, for the most part, helpful and positive. I learned a decent amount in my summer there. Pay and hours are also very, very good - they pay you $1k a week (~40 hours a week). . The equity research internship was very unstructu...
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Earnings Calls and TranscriptsHey guys! Can you suggest where I can listen to archived earnings calls as well as earnings transcripts of US public companies? I tried EarningsCast, but couldn't get the last year's earnings audios. ...
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Dividing all constants by 1000 in excelHey Monkeys. I noticed that an earlier model that I created had numbers down to the thousands of dollars. It is not optically pleasing and I was wondering if there would be a way to divide all constants by a 1000. I think that should fix the issue....
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Go from well-known MM ER after 2 months to new VC firm?Hi everyone, I am using a throwaway for this post for obvious reasons.... I am trying to figure out whether I should leave a brand-name MM firm where I just started doing ER for a role in a new VC firm. Here is a quick synopsis of my background & position: My background: - 2 yrs exp in consulting ...
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Seaport Global Securities - Review - Equity ResearchOverall was a great experience in equity research, was given alot of autonomy and it's mostly what you make of it. If you ask for work and ask how to improve there were great mentors across mutliple industries not just in my team. . HR was very unprofessional on the summer onboarding process, hours ...
Bloomberg - Interview - GeneralistNone of the questions were overly difficult. It was mainly fit with very few technicals. They want to know why Bloomberg and why equity research. They want to make sure you understand how to analyze a company and have very god writing skills. One interviewer started asking me some technical question...
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Company or investor WACC?I was confronted with this issue a week ago - investor or company WACC? When estimating the value of a listed company, say Facebook. Do you use Facebook's WACC or the WACC of a highly diversified investor, say a mutual fund? Might be a weird question....
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In search of a mentor - Equity ResearchGood afternoon friends, mentors, and esteemed members of the community! I am pursuing my MBA in Finance and Accounting from the University of Rochester (Simon Business School); I graduate in June 2019. I have 5 years of IT development and IT consulting experience and currently working as a Finance...
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Bank of Nova Scotia - Review - EnergyI would say that the work life balance at the company is a major plus. Autonomy within your work as well.. Working for a Canadian bank and outside of New York can be tough in terms of low interaction with upper management on a regular basis....
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2-hour modelling test - sector specific?I was asked to come in for a 2-hour test. Based on previous forums I am assuming it will be a model update + written component. In your experience, was the modelling sector specific? Ie. I am interviewing for FIG but the ratios used to value FIG companies will be completely different than for instan...
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Private Banking vs. Equity ResearchI was wondering how private banking and equity research divisions are related and how their pay and work/life balances differ. Also which would be a better starting position for a strong career? Are they similar in regards to competition for positions? Approaching my sophomore year and I am trying t...
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Is Equity Research Dying?I've been reading articles about how Millennials are dumping individual stocks and plowing money into ETFs… https://www.cnbc.com/2018/06/12/millennials-are-dumping-their-individual-stocks-and-flocking-to-etfs-schwab-survey-shows.html Coupling this information with investors’ general trend tow...
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Looking for somebody to reviewMonkys, I built up a 3-statement DCF as well as short 2-page research report to send in hopes of landing an equity research interview. Was seeing if I could send this to anybody, preferably somebody currently working in/has worked in equity research, to take a look at? Any help would be much apprec...
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Post PhD timeline adviceHi all, New to this so hope this is the correct place to post. I'm about to get a Ph.D. in cancer biology, but I was wondering when to apply for positions for biotech equity research. I have an internship lined up in the Fall (great opportunity as I don't really have finance experience) after I grad...
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Wolfe Research - Interview - Equity ResearchThe interview itself was fairly easy. The far more critical component came from the writing and modeling test. The modeling test involved modeling two companies within an 8 hour period (it was an at-home test) and after emailing it back with them checking it, I then had to build a merger template wi...
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Healthcare Sector ResearchAll, I am curious as to what opportunities in research I would be qualified for based on my career experience. My healthcare sector experience includes healthsystems to ambulatory providers (physician groups, Urgent Care, Home Health, etc.) to Value Based Healthcare policy. 5 years Healthcare Ope...
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Sell-side vs. Buy-side Equity ResearchI'm a rising senior at a non-target who recently decided not to be pre-med anymore, so I'm looking at my options in finance - I apologize in advance if what I'm asking is silly, and please correct me if I have this all wrong. From what I understand, at GS, the typical entry-level (post-UG) ER role ...
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Reading 10-Ks. Print or Online?To me the answer is obvious, print. Call me old fashioned but I feel like I understand content better when I can actually hold it in my hands, I still buy hardcopies of books opposed to getting a kindle and downloading them. Also, marking up the 10-K with notes is much easier when you print it out...
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Moodys Corporation - Interview - Utilities1. Talk about what is going on in the utility industry along with infrastructure. 2. What are some non-cash items on the cash flow statement? 3. If you were to evaluate an airport for a rating, what items/categories would you look at? 4. What are some major components of an airport? 5. How wou...
Goldman Sachs - Interview - Investment BankingAsked specifically on accounting and corporate finance questions such as if depreciation changes, how will the three financial statements change accordingly. Other accounting questions include which statement is more important among the three. On top of technical questions, a few questions were a...
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SEEKING ADVICE for internships interviews: I just blew mine right out of the water!Hi guys, I'm making this post in hopes to get professionals such as yourselves to help students like myself to better prepare for technical tests in interviews for entry-level jobs and internships - because I just screwed mine up. I'm a third-year undergraduate student with no experience in banki...
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Citigroup - Review - Oil & GasChallenging environment. Long hours but overall good work/life balance. Good brand and strong platform. Long hours and being a large bank, the system is beauracratic. Not too many relationships built outside of work...
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Fred Alger ManagementAnyone know about Alger investments for an equity research associate? Is this a good firm if wanting to eventually work at a hedge fund? Anything about comp/exits? ...
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Equity Research Intern Modeling TestHello, I have a 2 hour ER modeling test coming up soon. I have no idea what to expect. I did some reading here, but can't find a good example. Does anyone have one laying around or willing to help? It would be greatly appreciated! ...
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BMO Capital Markets - Review - Equity ResearchMore casual and leeway than most banks, expose to clients from day 1, engaging and diverse team, well-funded.. Lack of structure is not ideal for new to industry, software and modeling templates are difficult to understand....
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Help with Writing ER Reports for Beginners (Value Investing)Hello, I am trying to put together a few short ER reports before I start my MSF program in the Fall and don't really know how to make it both educational and relatively basic. I have been self-studying on and off for the past 2 years. I have read a few investment books (Intelligent Investor, Securi...
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MS biotech ER team reputation? Hi, Does anyone know the reputation of Morgan Stanley's biotech ER? Do they have any II-ranked analysts? Thanks!...
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Hearing back from interview during earnings seasonHello all, About 3 weeks ago I interviewed for a FT position as an ER associate at a BB. I didn't go through HR as I had a PM that is their client pushing my resume for me and vouching for me. I thought the interview went very well and they told me what would happen if I got hired etc. However, it'...
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Switching from Endowment Analyst to sell side ERHey everyone, I am currently an Analyst at an Endowment office (not super well known) and I know I do not want to be there long term. Being in manager selection does offer great exposure to the overall investment universe, so I am grateful for that. However, it does not provide direct side exposure...
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ChineseInvestorcom - Interview - Equity Capital MarketsWhat do you think about the US stock market now? How much do you expect the S&P 500 index to reach next year? How do you analyze the stock markets, by technical methods or fundamental analysis? What do you think about Google? How does it make money? What is its business model? If you are the inve...
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Too Old for a CFA?I'm gonna be 28 at the end of this June but I won't be ready for this year's exam. If i were to sit next year and pass all levels first shot (trust I know this is a difficult task) I would have completed all levels at age 31. Is 31 too old for the CFA to make a substantial difference in my career?...
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BAML Global Research Sophomore Summer Analyst Program 2019Hey all, I didn't see a thread for the sophomore ER program at BAML so I figured I'd post one to get the conversation started. Just wanted to see where others are at and get a feeling for how the process is from some who have already gone through it. Any insight is greatly appreciated....
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D.A. Davidson & Co - Review - TechnologyDecent work life balance, good culture, lots of other associates, good training program, good opportunities to prove yourself.. Compensation is on the lower end of the industry average. It is difficult to move from the associate level to the analyst level, and compensation is capped until that point...
SunTrust Robinson Humphrey STRH - Review - Equity ResearchThis heavily depends on the boss/team you're working for, like all equity research, so commenting on my own work experience would be irrelevant. I can comment on STRH ER as a department and the sell-side research experience. STRH has reasonable upward mobility, in that if you show you're committed, ...

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