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+34
Anyone worried about getting laid off?

SomePleb

Title says it all. Would be interesting to get a poll going including firm size (bb/<abbr title="middle market">mm</abbr>/etc) and sector.

38
+30
I'm a Senior Sell-Side Research Associate, AMA

Street Smart

Quick Bio: I'm in sell-side research and have been for 4+ years now covering the same sector. Prior to research I did a few years in a finance-related role that was moderately applicable to my current role. For the people who care, I went to what would be labeled a "non-target"...

50
+18
I was in Equities Research for 10 years in Asia – Ask Me Anything

bankingtostartup

Just some brief background about myself. I started in Australia working as an Actuarial Analyst and moved to Hong Kong just before the Financial Crisis. My first job at an Investment Bank was at a Bulge Bracket doing Data Management for their Equities Research Department. Eventually, I got...

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0
CFA June 2014

fluff head

Hey all - Planning on taking the CFA In June of 2014 or Dec 2013... I have the 2013 Schweser notes..Will that still be applicable come June 2014, or am I 100% going to need to purchase the 2014 materials? Also, if I start studying now, how much time should I be putting into it for Dec? Assume th...

8
0
GP distributions part of revenue?

ar169

When modelling the revenues of a holding company, do you take into account distributions from daughter MLPs as revenue? or is it considered a non-operating income? I would guess since the company is *aiming* to become a holding company, then these distributions should be part of core revenue? What ...

0
0
How would a research team survive in the banking in the future?

Nut

You know what I am talking about if you are in the know? Do we offer subscription services now? How do we compete with research firms that have been in existence for some time now? Why management consultancies receive so little attention from regulators? They produce industry or market research, m...

2
0
How to obtain Initial Coverage Report?

NBRenER

Hi guys, I need MS's and Jefferies' initial coverage report on Seventy Seven Energy (SSE), can't find it online or Bloomberg, and I do not have an account with them. How can I have access to these reports? Could someone kindly send a copy to my email? Appreciate it!...

0
0
Human Capital Analysis

EJZ89

Hello guys, How do you consider human capital while analyzing a company ? Thanks...

2
0
Buy-side equity analysts- whats your accuracy?

vinsta

In my firm my PM keeps a record of the recommendations we've made so he can monitor our accuracy over time. What's a good accuracy figure- I'm told that 50% correct leaves you in the top quartile in this industry. ...

2
0
Metrics & Models for Automobile & Industrial Supply Industries

LeChiffre

Hello chimps, humans, and everyone in-between, I'll give you a quick synopsis of my situation, why I'm looking for what I'm looking for, and what it is I'm looking for from the community. I work for a banking regulator and am aiming to take CFA level one in December '16 or June '17, helping me get...

1
0
Sell Side firms in St Louis

nontraditional

Hey monkies. I'm looking to compile a list of sell side firms in St Louis and some based in other cities that allow telecommuting. I'm wanting to break into the sell side but moving isn't am option for me. Any help or guidance would be appreciated....

1
0
Straightforward Industries for a Beginning Investor

zginphil

I am hoping to break into AM or ER next year and I want to practice writing a few ER reports in addition to my personal portfolio. I want to concentrate on one sector at a time right now and was wondering which ones are relatively easy to understand for a beginner? Thanks. ...

1
0
Detailed company research/analysis for high yield debt investing

masmat

I hope it is okay to post this topic here. I am looking for an example or case study of a company. Instead of valuing the equity, however, it should be about pricing the debt i.e. finding the yield etc. work that the high yield investment funds do! I would really appreciate it if anyone has an old...

1
0
Equity Research Intern Resume Bullets

kem132

Hi All- First time poster here! I'm updating my resume and looking for help on line items for my equity research internship at a boutique firm. This summer I: - researched, conducted sensitivity, and wrote report for potential new deal on company covered - updated models as needed - completed the M...

2
0
Anyone know anything about Ned Davis Research?

sjl1009

I know they are a premier equity research firm but do not know much about their specifics. Anyone help with this? ...

3
0
Equity Research to PWM

iregula

Hi all Buy side ER w/ ~4 years of experience + CFA. Looking to possibly switch in to PWM as the client interaction + skills learned in person finance attracts me (vs. digging through company financials). I know this may be a 'step down' in terms of quantitative skills, but im sort of done with earn...

3
0
Think I found an error in interviewer's model

LongandShortofit

I have an ER interview coming up. They gave me access to their internal site to look up analyst reports and models. I found some models my interviewer did and I'm pretty sure I found an error in a couple of them. I would greatly appreciate if someone with a strong reputation on this site could PM...

8
0
NASDAQ- Defining a Small-Cap VS Mid-Cap firm

Anon199121

Hello, I am currently in the process of calculating the relevant IPO listing fees associated with listing on the NASDAQ Exchange. In doing so, the total market cap of the company ('Company A') is approximately US$750 million. The NASDAQ definition of a small-cap stock is: "....a total equity valu...

4
0
ER Interview Process

banana_hammock

All-- Wanted to get some advice regarding the interview process for MM ER. Do the interviewers place more emphasis on broader industry knowledge or knowledge of the specific companies they cover? Is more emphasis placed on writing skills or fundamental finance/modeling knowledge? Both are obviously...

3
0
Equity Research In Calgary

halfstep

Hi: Can anyone shed some light on breaking into ER in Calgary. I have been looking browsing the job boards, not that many positions available to even apply to. I graduated from a Canadian Target, 3.7 GPA, got some decent experience in the Oil and Gas sector and am going to take level III CFA. Curre...

6
0
Chances of Breaking into Macro Research vs Equity Research ?

adhd

Hi WSO, I'm going to start applying to FT jobs soon and I was looking to get some advice. I have always been interested in Global Macro and top-down investing vs. the bottom up approach typically seen in ER. As a result, I was planning to apply to FT Research jobs and mention my interest in joining...

0
0
Financial Statement Puzzle - help needed

MrV4lentine

I'm calculating the Asset turnover ratio for an car retail company but I'm having some difficulty with a couple of things. 1. The profitability of the firm (as measured by NP% and ROCE) is increasing over the period but asset turnover is declining. this seems like a contradiction to me? is anyone ...

0
+1
ER excel model

valu8r

Does anyone have an ER excel model that they would be so kind as to let me look at? Thanks...

7
0
Energy ER analysts

ar169

Anyone here with a background in Energy Equity research. I was just wondering if anyone can shed some light on what kind of technical knowledge is helpful for Energy Sector ER (specifically E&P)...

1
0
Case studies from Security Analysis

leeuw

While reading the Security Analysis by Ben Graham I was astonished by the stupidity of some accounting errors and intentional misguidance. At the same time while reading different financial reports for different companies in various industries it was very hard for me to notice any big irregularities...

0
0
Dividends, Share repurchase and Debt schedules

Nightstar

In ER, how do analysts project dividends, share repurchases if the company has made no public announcement. For a dividend, I think you can estimate if the company is using payout ratios or has a fixed dividend policy but how will you go about share repurchases if nothing is available (or if the com...

0
0
ER resume advice

ar169

I am currently in IT at BB but want to make it into ER. I would like to hear your comments about my resume(attached). Be honest and Be Brutal :) P.S. I have not elaborated my IT work because thats useless to the job...

18
0
P/E expansion models

ar169

I heard this term thrown around a few times but didnt know exactly what is meant by it. Tried Googling it and didnt find anything meaningful. Anyone here have an idea about what exactly is meant by a P/E expansion model....

0
+3
Moving to NYC...with no job

irocktheyellow

Hey all, Long story short, I'm moving to NYC to break into the world of finance, specifically equity research. I don't have a job or place lined up yet, but I have a list of a dozen or so contacts that I plan on working. Since I'm graduating from a non-target with a decent GPA, I feel like I have n...

131
+2
Equity Research vs big 4

hello1570

Hello, I am currently a college student looking for ideas on where to start my career. I am an accounting major at a good business school and have a great GPA. I have been doing a lot of searching of what would be a good career path for me. I have been noticing that many finance job exit options t...

18
0
Asset Impairment and Restructuring Charges Effect on EVA (Economic Value Added)

subrosa

So I'm trying to rationalize if I should add these back to NOPAT and Invested Capital. Since restructuring charges create a liability until they are the actual cash outlays are made I am thinking that I need to add it back to NOPAT but not IC. For Impairment, I believe I should add it back to NOPAT ...

2
0
Opinion about Woodmac

Lubb

Fellow monkeys, I'm about to interview with Wood Mackenzie for their upstream research division to cover either L48/Latam. I've heard good things about them but I don't really know what to expect out of the interview. Any ideas? Also, what's the perception on Woodmac around here? Do you think that...

14
0
How to adjust figures for stock splits?

eltoro454

How do I adjust prices for stock splits when looking at historical data? Are they typically already adjusted by common sites like Google Finance? Along the same lines will historical EPS be adjusted? I looked around on the internet for these answers but couldn't find any clear response as to how to ...

4
0
How do ER analysts treat Acquisitions?

Nightstar

I am a complete newbie to ER but I had a question I wanted to ask. If a company has an equity investment in a firm till 2013 but then takes it over and consolidates it starting 2014, Then how do you make revenue projections starting 2014? How would an ER analyst treat something like this? Would yo...

1
0
Building Equity Research Team

TheGoodGatsby

Hey Everyone, Looking to explore my options, wondering what your guys' experience is with this stuff. I'm currently a #2 associate on a research team at a MM firm... but I'm looking to make a switch for two reasons. 1. I feel undercompensated because I was hired out of undergrad. 2. I want to be an...

2
+1
Tyson Foods Stock Pitch

tdrizzle

I need to write a stock pitch and e-mail it to a firm just be considered for the ER position. I want to cover the food and foodservice field and I like the prospects of Tyson's takeover of Hillshire Farms from a qualitative viewpoint. Non-cooked protein demand is growing and prepared breakfasts (ie....

7
0
Pipelines

bluegold

Hi, Can someone direct me to a template or information on how to value oil pipeline companies? This means big time to me. Big time. Thanks ! ...

1
+2
I need help with Investment Scenario for job

dr0833

Hi I have an investment scenario I am working on. If anyone with knowledge on the subject is willing to help me answering these questions, I would appreciate it. Married couple: Name person 1 person 2 Age 56 56 Employment Doctor Professor Annual Income $195k $75k Taxable Portfolio : $1 mil 4...

7
0
US GAAP vs IFRS in ER

ar169

I know the CFA places a lot of emphasis on the difference between the two and how an analyst needs to adjust for this. How much of that is practical and relevant to what ER teams do (when comparing International competitors like Samsung vs Apple etc)?...

1
+1
ER entry from pretty good MBA

bambambigelow

Pretty new to the forum and looking for some help. I will be attending a good, not great MBA program this fall (15-20 ranked school). I am looking to break into ER, preferably on the sell-side. I will be entering school with four years experience at a large asset manager in a trade support role. ...

4
0
Wohler Report

Altecvix

I'm trying to do some research on additive manufacturing and would like to read the Wohler Report 2014. Unfortunately being that I a student on a budget I don't have $500 for a single report. If someone doesn't mind sharing I would be grateful. Failing that does anyone know of any good alternativ...

0
0
Tips for a successful Sophomore summer wanting to go into Equity Research

okcthunder2015

Does anyone have any tips as to what are the best things I should be doing over the summer. Other than interning, I have a lot of free time. I will be going into my junior year, so I want to set myself up well starting the school year and I am hoping to intern at a BB bank in research next year. ...

6
0
Financial statement analysis help

vinsta

I'm Looking at a company who uses the direct method to get to CFO. Cash Receipts from customers is $7bn but revenue as recorded on the IS is $6bn. Receivables only fell by c.200m so I'm not sure where the rest of this $800m is coming from. Any ideas?...

10
0
10-K question Williams companies

vshanks43

Not sure if this question belongs here but I can't figure out where else it ought to go. In the most recent 10-k of WMB, after the notes to the statements, there another set of financial data labeled "parent". I don't understand what this is? There isn't another public company above WMB as far as I...

2
0
Basic Materials Industry primers????

dblock21

Does anyone know of any good primers for the basic materials sector or any online resources that analysts that cover this sector might use. I have to do a report covering the sector, things like components, global players, risks, current valuation. thanks...

3
0
Am I fit for ER?

ar169

So I basically love researching companies, making 3 statement models and In general like investing in the public markets. HOWEVER, I am not a great salesman, have a heavy accent and am definitely not a gifted public speaker. I feel like I want to do research and I want to invest but I get the fee...

15
0
Company Screening

DAD

I was curious if anyone could give me some insight as to how you initially screen for companies that you may be interested in researching more thoroughly. I realize this may be more of an art form than a science, but I'd really appreciate any help. I'm trying to find a good long position. I've been ...

1
0
Vacation - anything better?

CFA_monkey13

I've been told that you can never take off two weeks except for your honeymoon. I know this is true for Equity Research, is it also true for most areas in finance - hedge fund, Asset Management, etc.?...

2
0
How often do people move from Equity Research to the buyside?

Dece

I've always thought of the buyside as a common exit opportunity for people in ER (due to the similar skillset in analysing companies), but after speaking to MDs in ER, it seems it isn't that common of a move. Apparently, there are very few positions available on the buyside (at top firms) and this o...

18
0
Writing a Stock Investment Report

mangoteapot

I have an upcoming interview and they mentioned a writing assessment. I am suppose to write an investment report on a stock with an elementary model. Is this a good breakdown: Decision: Buy/Sell/Hold Current Price Your price target A chart showing the past 12-24 months EPS data for the past 2-3 ye...

2
0
Independent research shops (SB, ISI) vs BB

Optimistic Consultant

Hey everyone - How do the independent research shops stack up against the bulge brackets in terms of comp and exit opps? Are there any highly regarded ones other than Sanford Bernstein and ISI? Assume you are randomly assigned an analyst & sector - which would be the better choice for an associate?...

8
0
Equity Research Resume -- CPA

tdrizzle

I just finished my fourth and final CPA test. How I should position the CPA on my resume in the case that I do pass? I am ultimately looking to be in equity research but would value a position in valuation or something similar closer to the accounting end of the spectrum. I plan to start working tow...

4
+1
CFA level 2 - Ethics

ProspectiveCD

How do you guys study for the ethics section on the CFA level 2 exam? I feel like there are so many details they can test you on, such as when is an approval required, does the approval need to be in writing or not etc. Does anyone have a good summary of these details, i.e. mainly a summary of whe...

6
0
BA II Plus (PV with multiple discount yields)

naivekid

Could someone please tell me how I can solve for PV on a BA II Plus when I have different discount rates for each year of the given cash flow? In the context of a CFA exam, they sometimes give a spot rate table instead of a one (all-years) discount rate. Is there are way to derive a one (all-years) ...

11
0
Did you do ER because you want a Buyside role?

HFer_wannabe

My ideal role is a generalist analyst position at a small, deep-value concentrated L/S fund with $1bn+ in AUM. I don't come from the traditional target school + IB, so I'm running into the dilemma of what I should do next. I wanted to do ER out of undergrad b/c I thought it was a more tolerable way ...

16
0
Book Recommendations for Equity Research

okcthunder2015

I am going to be a junior in college next year, and I am very interested in going into equity research. I am looking for book recommendations I can read over the summer to get a head start on interview season next school year. ...

14
0
IBIS World sub?

finnjav21

anyone with an IBIS World Subscription who could get this report? http://www.ibisworld.com/industry/field-service-management-software.html?partnerid=prweb ...

1
+1
Research interview , need advise

ManagementConfused

Hi all, I have a few questions for a possible interview for an ER role if possible could you guys please clarify my ideas ? A) how would you prepare yourself to attend your role ? Possible answers: Is this a fit question ? I must answer something ...

1
0
Marketing Investment Theses

bigblue3908

Quick question for people in ER. Disregarding the lack of emphasis that the buy-side places on your opinions, how do you go about coming up with and marketing investment theses? If I were interviewing for a specific fund or something I would make sure my pitch was relevant to the fund's strategy, bu...

4
0
Move into Research

jungle266

Hi Everyone, Long story short...I'm a highschool physics and chemistry teacher in a large, western-Canadian city. My background is in chemical engineering which I practiced for five years before moving into teaching. As an engineer I wrote and used computer models and did plenty of systems-type ana...

2
0
How to begin a summer of research

WhoSteen

Hello monkeys. Unfortunately I haven't been able to secure an internship for this summer. My goal is to get an offer in consulting by or after graduation so I know this is not a good look so far. I am waiting to hear if I get accepted in to a Top 5 Business schools summer program, but that would on...

5
+2
Moody's exploding offer over ER??

notmytrollaccount

Hi everyone, I'm a non-target that graduated earlier today and I just got an offer from Moody's for an associate analyst role - basically supporting the analysts doing credit ratings. This is my first FT offer and the timing was uncanny since I got the call while sitting in the middle of graduation...

11
0
Apparel / Consumer Industry Primer

A2Allegiance

Hey All, I'm looking for information on the retail clothing space. I have a plethora of other primers that I'd be happy to trade with (O&G, Energy, Clean Tech, A&D, Logistics, Industrial, Precious Metals). PM me if you're interested and thanks in advance for the help!...

6
0
Why a 3 statement model?

mangoteapot

Could someone explain why we need to built a fully fleshed out 3 statement model instead of a DCF model with working capital, capex, d&a and some revenue projections? I'm trying to understand what the three statement model serves and why it is preferred over a partial model. I appreciate the help....

5
0
Metrics that drive techology industry

nitau_gg

What the fundamentals that drives the technology industry? In other words, what are the micro- and macro-economic factors? By technology, I mean computer software and hardware. Let's assume any of the emerging economies that export technology. How does the industry make money?...

3
0
Management forecasts for Capital Expenditure

nitau_gg

Where can we find management forecast for CapEx?...

9
0
Capital/Depletion Allowance - Oil &Gas

Plus400BPS

Dear all, I am trying to do a valuation of a gas well. I know that you can use the unit of production method to calculate a capital/depletion allowance for every year based on D&C Capex * Production Year X / Total Expected Production. Well now, I am not totally sure whether you can only use D&C Ca...

0
0
Price Multiples- Internet/Tech Companies

Anon199121

Hello, I have performed a relative/comparable valuation on an Internet/Tech company, however, I am struggling to find appropriate insight as to which price multiples one should specifically use when calculating these multiples. I know the predominantly internet/tech companies have negative earnin...

1
0
Industry Beta- 2004 Chinese Internet Industry

Anon199121

Hello, Could anyone perhaps give me some guidance as to how I could obtain the industry Beta of China's Internet industry in the 2003/2004 years? Thank you. ...

0
0
Canadian university student question

goldenLoo

Hi I am a third year BBA (starting sept 2014) at a semi-target canadian university looking to secure an equity research or investment banking summer job next year. Please critique my resume on formatting, job description and overall look of it and how it is. Side note question, is it a good idea ...

2
+1
healthcare 101 book/course?

KingKongVodka

Anyone knows any healthcare 101 book or crash course? Thanks a lot!...

22
0
What Is The Average Wait time to Sit in Limbo?

Street Smart

I've applied for an entry position at a BB to do ER and haven't heard anything. I applied as soon as the job was posted almost 4 weeks ago and my status page for the application has been sitting in "Review" for over 3 weeks. Just wondering what your experiences have been with waiting to hear from ...

6
+7
Non-BB Equity Research Q&A with First Year Analyst

golfer23

Hey all, Was reading through Flake's ER Q&A posted around the holidays and thought that his thread was fantastic. My experience / background is a little different than his was, so I wanted to start this thread as an opportunity to help provide at least some insight into other ER routes that aren't ...

57
+1
Thoughts on changing region

saracen

Does anyone have experience in changing region? I have always worked in London and the idea of working in Hong Kong appeals in particular. The benefits are obvious... more global relevance, experience looking at a new market, etc... and would be an awesome experience on a personal level. But I am l...

6
+1
Career path from sell side equity research

kpx5ar4SSW

Hi all. I'm finishing my junior year, about to start a summer internship at a MM bank doing equity research. I'm familiar with the typical path from IB analyst onward (Analyst to PE to MBA to whatever) but does anyone have a similar "path" for a person starting out in equity research as an associa...

15
0
Selling Research for Revenue?

OpFin

Is it possible to you research of company as a public form of revenue? The plan is to start an advisory firm with consulting, accounting, management services (to name a few). In terms of service fees, if I can get a company to agree to publicly disclose their financial performance rather than charg...

2
0
Bank of America Merrill Lynch Research Associates

TechwithnoExp

I have been accepted to a top 20 MBA program and have started to do some research about MBA internships. One program that caught my eye is BoAML's Research Associate program. I was hoping some one could help me figure a few things out. 1. Who works on a research team/What is the make up of lets say...

6
+1
Wish me luck!

Rhodium

Everyone, thanks due in part to a lot of great info here on WSO, I have received my first phone interview in Equity Research. Phone interview is Friday morning. Wish me luck! Thanks to all of you who were a part of my information gathering. I'll drop a line after to update if I make it through to ro...

13
0
DCF and owner's earnings help

nickstefanolay

My fellow monkeys, I have recently submitted an article on Fabrinet (FN), for which I see near to mid term upside of between 37% and 67%, and a long term upside in excess of 100%. I've been doing a lot of reading on valuation, mainly through a Bear Stearn's PDF, along with Aswath Damodaron, McKins...

3
0
What do you do if you think your assigned sector is in a bubble?

fc200v

Let's pretend the year is 2006 and you've just been hired as an SS ER guy in the real estate team. You, being a rationale and astute investor, feel that real estate stocks are severely overvalued and positioned to lose up to 50% in the next 2 or 3 years. What are you supposed to do about it? I can'...

5
+1
Books like Oil 101?

PetEng

Is anyone aware of other books similar to Oil 101? A book which essentially walks someone through the entire value chain of an entire industry. I don't think I've ever read a book with as much information per page and I'm wondering if maybe some of the ER guys had read similar books detailing other...

17
0
Correcting errors in published research

alexis.johnson

Here's a bit of a grey area which I was hoping someone can shed some light on. In terms of errors in published research, are there any government regulations around the process of amending the report? For example, I know research firms will generally issue an erratum if there is a serious mistake in...

2
0
Best book on advanced accounting topics

WiseCapitalist

Hi fellow chimps, I would really appreciate if you could point me towards a couple of good advanced accounting books. Thanks in advance, WiseCapitalist...

11
0
Banks Research Interview

jobhunter

Hi there - Does anyone have any advice or helpful tips on how to prepare for a banks equity research interview? Anything specific I should be prepared to talk about? i.e. QE, capital rules, etc. Would really appreciate any advice you might have, really gunning for this job. Thanks...

2
0
A 'small' task to think about

IMFUTURE

Hi all, I am looking to move into equity research and have made it to a final round interview for an associate position in a chemicals team at an American BB. It is down to myself and one other person and today I was asked by the MD in chems to look into a K+S, a German chemical company. The genera...

0
0
Fully depreciated assets

naivekid

Hi forum. Could anyone please help me to learn how to identify fully depreciated assets among total gross fixed assets? If company has gross PPE=100, Net PPE=50 and hence accumulated deprec of 50, how can I find out what portion of gross ppe is not being depreciated, that is what portion of gross ...

10
0
Casey Research - Junior Investment Analyst

J-Man

Anyone familiar with Casey Research and their Junior Investment Analyst positions? I would be interested in hearing mostly about exit opportunities (specifically, is this good experience to break into a front office position at a hedge fund?), but also about job responsibilities, compensation/bonus,...

2
0
ER Specialty Finance

Long Sendrax

Have an interview tomorrow in ER for specialty finance role. My research experience is mostly model based via DCF. It appears specialty finance has is more BV focused, which makes sense. What valuation multiples are essentially in this industry? I am talking about REITs and Mortgage Banks. Flak...

1
0
[Redacted, Thanks for Help]

Eva Unit-01

Thanks for helping out my son!...

3
0
ER Associate Hours

CFA_monkey13

Can people comment what they typically work in terms of hours as an ER associate 0-2 years in? Difference between New York and other places as far as hours per week? how quickly can you jump ship to a decent buy-side shop?...

1
0
Research reports by investment banks

ali_ravians

Hi Everyone, I need some help regarding one report about gold investment that i created a few days back. I mentioned some gold price forecasts in my report by some leading investment banks for 2014 but i did not mentioned the direct source of those figures e.g. Sr No Analyst ...

2
0
travel requirements for a new employee in Equity Research

fc200v

For people fresh out of college who get hired by bulge banks, how many days of the year are spent on the road? What would be the purpose of the travel mostly?...

8
0
State Street or Equilar, Inc. for future FA or equity research analyst

Gary-Bosworth

I'm currently interviewing for an 'accounting specialist' and 'derivative operations specialist' position at State Street and a 'research analyst' position at Equilar, Inc. I really want to do day-trading, equity research, portfolio management, or financial analysis in the future, but I don't know w...

8
0
Need Advice on Internship Situation

mcl116

Hey Guys, So it looks like I will be starting an internship in ER in June. I have been told that it is technically a 3 month internship but it will probably turn into more like 5 or 6 months. The prospect of getting a full time position, at least with this analyst, seem very slim, but obviously t...

9
0
Equity Research out of undergrad

StoicHoosier

Greetings all, I'm a current sophomore at a semi-target and was wondering how possible is ER straight out of undergrad? From the few job posts I've seen on LinkedIn for ER associates, usually 1-2 years of experience is required, is this the norm? From the searches on WSO, there wasn't really a defi...

6
0
Valuation tools survey: DCF vs Multiples

kent02

just out of curiosity, in real life, shops tend to use DCF, Multiples or a mix of both? i understand both of them have their shortcomings and that maybe especially in the Sell Side Multiples are preferred because it's much easier to give a simple answer to the client (given all the inputs a DCF requ...

18
0
Equity Research Problems

MRC89

Hi guys, I currently study in Madrid and I'm doing the Master in Finance after doing several internships in IBanking and now I'm going to start in Consulting full-time. During my studies we had to do several equity research projects, including company valuations using DCF, multiples and accounting ...

2
0
Importance of Analyst Rankings in II?

nomodelsnobottles

How important is it that a junior ER associate works for a top-ranked II sell-side analyst, when considering exit opps. to L/S HFs or the buy-side in general? Does anyone have insight on if exit opps. are that much different for juniors working for lower ranked analysts or do many other factors mat...

17
0
Investing for an Education

LeadBalloon

Little background - Currently a first year theoretical physics student on a four year course at a half target university in london. Extremely interested in moving towards an equity research position after graduation after reading quite extensively about it on WSO and other similar sites. So recently...

2

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