Silver BananaTopicReplies
Goldman Sachs - Review - EquitiesIntellectually stimulating, no day is the same, constant learning, reasonable hours, friendly people.. Uncertainty regarding MIFID II (although in my view BB research will be fine), very lean (or arguably under-)staffing despite what is ultimately a very demanding job (you need to generate ideas, wr...
RBC Capital Markets - Review - Equity Capital MarketsGreat company/ culture. Full time get 4 weeks paid vacation/yr. 6 weeks paid Paternity leave. 4 months of maternity leave. Work 60+ hours a week. Analyst is only in 1 to 3 days a week making it hard to learn from him. He reviews stuff that needs to be published the next day at 8 pm even though it wa...
Goldman Sachs - Interview - Technology, Media and Telecom (TMT)Walk me through the purchase of capital equipment and how it impacts the three major financial statements. Tell me about a time that you failed and how did you deal with it. Tell me about a time when you encountered a problem with a team that you were on? What is the favorite article you have read...
BlackRock - Interview - TreasuryActually, it is not an hr call... I remember it in a wrong way. The interviewer asked me smart beta, what it is and how I used it during my last internship....................................................................................................................................................
+4
New to Buyside ER. Which Sector to Cover? HI there fellow monkeys, first time poster here. I just recently broke in to buyside ER and was given the unique opportunity to choose which sector I want to cover since I'll be their first ER guy. Which sector would you guys suggest and why? Thanks in advance ...
10
Morgan Stanley - Interview - Equity ResearchSince I have quantitative background, few people from the quant group came in asked me a few statistics related questions. I wasn't prepared for them so I was not able to answer thoroughly. However, the interviewers said it wasn't fair to ask those questions and I don't think those answers really i...
+2
Barclays ERWould really appreciate it if anyone have inside or decent knowledge about Barclays ER in terms of quality, rank, outstanding group etc. I have an exploding offer with them for 2019 SA, so would love more insight on how valuable this internship could be. Thank you guys in advance...
8
+5
Equity research reports - BB technology TMT industry reportsmsg me if you would like copies - comprehensive industry reports - full length...
59
+1
Switching from Engineering to FinanceDear Friends, Hope you all are doing very well. I am an Engineer with PhD (in Engineering) and 5+ years of work experience in oil and gas industry (living in Calgary, Canada). I always appreciate what I learned from Engineering, both at school and work experience, But I feel that this is not an are...
2
+1
JP Morgan ER Offices?Hi, I'm a rising sophomore at a West Coast school and I'm looking at the research role in JP Morgan's 2019 Summer Markets internship. Which JPM offices actually recruit research interns? I'd like to work in SF, but I don't want to apply there as my first preference if there aren't any opportunities ...
4
+1
First Equity Research Report - Where to Get Started?Hi all, I've been in finance for a few years now, recently finished my MBA, and just sat for the Level II CFA exam. I'm looking to transition into an equity research role and had an informal meeting with somebody internally about a potential job opportunity. He suggested that I create 2-3 simple eq...
1
+2
Interview question- Suppose I give you $10,000 USD. How will you invest it?Or some variation of this question. What are the follow up questions I should ask (eg: expected return, time horizon) And were I to answer this in October of 2017, what could be a good answer structure? ...
29
0
FCFE Question - Negative Change in Net Working Capital (Non Cash)Hey guys, I'm working on a valuation for a company but have some questions. The company I am reviewing is a low capital intensive company. The change in net working capital is negative year over year because the company has over 70% of it's current assets in cash and equivalent. I've looked arou...
13
Needham & Company - Interview - Equity Capital Markets1. Appropriate valuation metrics on valuing a software company 2. Walk me through a DCF. 3. Pitching a company; unfortunately was in the guy's sector and he grilled at this point. 4. How are your modeling skills? Can you create a three statement model? It has to be integrated. 5. Describe assumption...
+1
ER Interview with Associate Director - After 2 yearsJust found out I got an interview with an Associate Director of a large bank this week. The funny thing is that I interviewed with him 2 years ago while I was in a Big 4 and studying for the CFA L2. Now I'm in a F500 FP&A role and a CFA Charterholder. Looking back, he asked some questions that I ...
1
+1
BiliBiliThinking about buying some of this stock before the 8/22 earnings release. Has anyone else researched this? ...
1
+29
Career Ladder: Equity Research vs. Investment Banking - (A Definitive Guide, Part 3)Hey everyone...sorry to take so long for part 3 of equity research vs. investment banking. For those who missed the first two parts, see the links below: [Work/Life Balance: Equity Research Vs. Investment Banking - (A Definitive Guide, Part 1)](https://www.wallstreetoasis.com/forums/worklife-balan...
29
Goldman Sachs - Interview - ResearchNo difficult questions Asked me to describe the type of econometric research I did before. Modeling experiences, and how to project a country's GDP, as I was interviewing for the economic research position. Asked about how exchange rate will react to the interest hike; What can a central bank do to...
AllianceBernstein - Review - TechnologyGood pay, Smart co-workers, best in class research and strong brand on wall street, global recognition. Long hours, Every group exists in its own 'island' , experience highly dependent on the senior analyst you are paired with...
+1
Would you rather be a SS ER with coverage or BS analyst?Curious the opinions of those with different perspectives if it's a better gig to be a sell-side equity analyst with coverage of any kind but most likely not a major I.I. category or a buy-side analyst (long or HF) at a decent sized AUM house for each respectively. Obviously both industries changing...
1
+1
2019 Equity Research SA MegaThread for EMEA and APAC As of now, GS, JPM, MS, CS and Jeffries have started accepting 2019 applications for Equity Research. What have you applied? What should we expect for hirevue/tests? ...
1
+28
Ask a VP in Equity Research anythingI haven't seen one of these in a while, so I figured I would start one. I am a Vice President in equity research, with coverage of a selection of stocks (from mid to small cap firms) within a large sector. I'm at a top 10 bank. Ask me about how the industry works, lifestyle, recruiting, compensati...
108
Goldman Sachs - Review - Equity ResearchLittle weekend work (3-5hrs). Ownership of products. Easy vacation time. Excellent client connections, interesting research pieces. Intense, extremely high standards, some face time culture, difficult to invest on personal account, ...
+25
Ask a VP in Equity Research anything - 2018 EditionIt’s been two years since I did the last one ("Ask A VP in ER anything" ), so I figured I would do one more. Let’s talk about the industry, MIFID, banks in general, trends in the industry, long term career outlooks, etc. ...
76
+3
Is Equity Research really decent at getting exit opps to top AM and HFs?It's hard to corroborate this claim on LinkedIn, since it's hard to get linkedin to search correctly. Can people name some exits they've seen in the past? Thanks...
9
+6
If you could cover any sector, what would it be and why?If you could start over and cover any sector from the start which would it be and why? Is there a reasonable argument that any one sector particularly positions you well for eventual generalist investment positions? Bonus: where do you see consumer discretionary fitting into this conversation? I'm...
18
+1
Test/Case study for RBC Research Associate interviewHey, Wondering if anyone has information on, or has completed the case study/excel test that Royal Bank (RBC) makes potential Equity Research Associates complete. I might have to take it next week, and so any insight would be greatly appreciated. Thanks...
2
+1
Depreciation Nerds: Need helpHi guys, i'm looking at a company with a very asset-heavy business model that should depreciate a lot. They include D&A in their financial statements under OpEx, with no further breakdown (just line item OpEx, not even the amount of D&A). In their cash flow statement, however, they have a D&A expen...
1
0
[SA] MS equity research vs. JPM FICC salesI got two summer analyst offers, both leading to potential full-time offer. 1. MS Equity Research 2. JPM FICC Sales. I have been an equities guy, mostly because I started investing in stocks 4 years ago when I first entered college. I am delighted when I have discussions about the eq market but d...
4
+1
2017 Institutional Investor All-America Research TeamStarting my ft gig in equity research soon and I'd like to go through the 2017 II list to see which analysts I should be trying to work for when sectors are assigned. Unfortunately I can't find anything online, so if you have a link/pdf you could share here/pm, that would be greatly appreciated!...
3
Bradesco BBI - Interview - IndustrialsFor the fit questions, the most difficult questions were regarding my background and why i specifically chose to apply for the internship position at their bank and not others, and why I was trying to pursue a career in Equity Research. These questions are obviously expected, therefore I was well pr...
+2
Difficulty of Series exams after CFA?So I just took CFA L1 a few weeks ago (crushed it, but probably failed). Just landed a job at a FIG IB in ER. I have a few questions but they are simple. How "difficult" are the 7, 63, 87, 86, combined compared to the CFA, and how much will CFA studies overlap into studying for the Series exams? Als...
6
HSBC - Review - Equity Researchgood location close to grand central, no vesting period for 401k with generous match policy, decent health plans.. below market pay, substandard IT systems, and ineffective cross department teamwork. Fairly low morale....
+3
Breaking into ER, Seeking Career AdviceHi Everyone, I'm a recent graduate from a non-target school. Currently I'm waiting for my CFA lv2 result. I have 80% confidence I can pass that. I always have a strong passion on equity research but I couldn't find one after graduated from the school and I ended up working in a public life scienc...
6
0
Similarities between Enron and TeslaThe CEO called an analyst (investor?) “asshole” in a cc before Enron went bankrupt. The CEO of Tesla called a question from an analyst “bonehead question” in the last cc. Both are very innovative companies....
1
+1
Transition from Corporate Finance to Equity ResearchHello, I recently graduated and accepted a corporate finance role because by the time I received the offer, I was in a position where I needed a fall back and a source of income while I search for IB/ER positions. Plus, the firm I work for is phenomenal. I have been working there for about two mont...
1
Harvard Management Company - Review - Technology, Media and Telecom (TMT)Major focus on research, which gave a really good background for banking down the line in learning a LOT really fast.. A bit of a rough adjustment to the hours coming from a comfortable college environment, but not really a company-specific issue....
Bloomberg - Interview - GeneralistThe interviewer was on time and quite friendly. He asked my a few questions about my interest in the company and why I thought I was a good fit. We then went through 3 fairly simple technical questions. 1. There are two streams of integers that should be captured and stored in the order they come…...
Evercore - Interview - N/AInterviewer started with finance questions. Asked about financial statements, walk me through a DCF, definitions of various terms. Then asked mental math questions (i.e. 16% of ____?) and 1 brain teaser. Then asked many science questions on chem/bio. Only asked 2 behavioral questions: why ER and 5 y...
+1
What are the best independent research shops?Hey Guys, i was wondering what you guys thought were the best independent research shops? i know that bernstein and isi have great reputations. jeff degraaf, former of isi just started his own shop called RenMac and fromer Strategist Jason Trennert runs Strategas. There are also the cleveland shops...
23
+1
From Financial Services to Equity Analyst? Is it possible?Hello. I graduated last year from York University in Toronto, Canada with a bad GPA (2.8). I did not pursue any internships so I graduated with no finance experience asides from my degree. Currently I am working in a call center for a investment fund company and plan to pursue CFA or an MBA. Since I...
1
+1
How large is the Stifel Consumer ER team?How large is the Stifel Consumer ER team? I'm filling this section out because I haven't filled the character count. Thank you....
2
SunTrust Robinson Humphrey STRH - Review - Equity ResearchThe work/life balance is a positive. Co-workers are pleasant to work with. Pareent bank is very engaged woth employees.. Overall compensation appears to be slightly below average. Investment in technology seems to be lower than other firms....
HSBC - Review - Equity ResearchGood culture. Good hours and pay among the street. A good place to get retired (kids education covered for Director and above).. The brand does not work as well as Bulge Brackets, and we have less exposure to good HFs/AMs in comparison....
+2
Graduate roles: which equity research groups to apply for?Any ideas on which are the best equity research groups in London to work for? I hear that the quality of the analyst/team you work for supercedes in importance the prestige of the bank e.g. could feasibly be a better opportunity to work for a team at BNP Paribas than a team at Goldman Sachs, if the ...
6
Westwood Holdings Group - Interview - GeneralistWhat is somewhat unique about WHG’s capital structure? What do you think is the best way to value our company? Do you think stock based compensation should be included or excluded when assessing the earnings power of the company? What drives WHG’s revenue growth? How would you forecast empl...
HSBC - Review - Consumer - Retail1. Big Bank, Big Opportunities 2. Great Compensation 3. Good Location 4. free food and drinks 5. Inclined to hire people of asian ethnicity. 1. Terrible Hours 2. Lackluster personalities in the research division 3. Management doesn't consume trend reports. Most trend reports end up in the shredder....
+1
How to find Bloomberg security codes for Bloomberg Excel Add-In?Hey, I don’t have access to a Bloomberg Terminal. But luckily my brother in law has. I would like to have some historic price data for indices like the ones of the MSCI Family (MSCI World, MSCI Europe and so on). To reduce the workload for him since he has to do it at work I would like to provide...
2
+1
Work/Life Balance in ER at smaller UK brokers (e.g. Panmure, Peel Hunt etc.)Does anyone know what the hours tend to be like at the UK middle-market places, as opposed to BBs? Preferably for an Associate in ER. Cheers!...
1
Bank of Nova Scotia - Interview - FinanceThe most difficult part of the interview was the panel interview. it was an interview with 3 associates and 1 HR representative. It was a 45min interview where I pitched a stock and then the Associates asked questions about my pitch. The questions were difficult but the Associates were nice and a...
Robert W. Baird & Co. - Review - GeneralistThe culture is one of the good things about the company, everybody is nice and there is no bullshit work. The pay is quite low and the exit opposite aren't too good in my opinion based on what I've seen from previous workers...
+1
Series 86/87Passed 7/63 no problem with minimal studying. Took the 86 and failed by a few points despite studying extensively (read book, did all practice questions 2x). Complete and utter disconnect between the worthless STC materials and the actual test. Any help/tips would be appreciated. I don't want to fa...
4
Stephens Inc - Interview - Healthcare1) Difficult: Why I wanted to go into this field. My background is completely science intensive. I answered the question by highlighting my analytic ability and experience in analysis of science and public health concepts I used in projects throughout my graduate school experiences. I told them th...
+1
Equity Research InterviewHey WSO, I have an equity research final interview on Friday. This is the opportunity I have been working for since I graduated undergrad five years ago. Needless to say, I do not want to mess this up. The position is in oil and gas. I am expected to present a stock pitch, preferably an oil and gas...
2
+1
How is a stock price affected when a company swaps debt for equityA public company I have followed for four years is currently on a restructuring spree. They never went bankrupt, but were close at one point. They've since hammered down the amount of debt by swapping it for equity, essentially diluting the existing shareholders. I understand how a balance sheet wo...
1
0
Equity vs. High Yield ResearchHi all, Wanted to probe everyones' minds on this topic - doesn't seem to be much out there and you only hear about equity research. Do you all think that ER is a bit saturated, or at least more saturated than HY? Also, I take it the exit opps are a bit different - I'd imagine that HY places we...
16
Canalyst Equity Research - Interview - Equity ResearchThey asked me about impairment losses regarding a South American copper mine and how they affect the three different financial statements. This was pretty simple if you're in tune with your accounting skills and know your stuff. They also asked a question about the South American mining industry and...
Jefferies & Company - Interview - Equity ResearchThe HR interview was 100% fit questions (Why research?, why Jefferies?). The analyst got a little more in depth about my background, but was still pretty straightforward. The most difficult questions I received were based around my background since I did not have the experience of other candidates. ...
+1
Equity or HY Credit Research?I'm starting out at a sellside firm in NYC as a first-year analyst in the investment research division and would love to get perspective on the pros and cons of equity vs. high yield research--both in terms of the current trends in those spaces and opportunities down the road. ...
1
+1
Equity research associate (insurance focused) VS valuations advisory senior associate (multi-sectors focused) As the title indicates, there is a dilemma between ER at RBC vs Valuations at Duff and Phelps. The ER is associate and insurance focused while valuations advisory is senior associate and multi-sectors focused. Pay and working hours are similar and both roles are London based. It would be appreciated...
1
UBS AG - Interview - Equity ResearchMost of the question focused on my resume background, experience in insurance sector, and my knowledge of and interest in the position that I applied for. Given the personal nature of those questions and discussions, I am not sharing those here. However, one difficult question that I got was when ...
+1
Starting salary and expected bonuses at MM banks?What are average starting salaries for ER Associates at the MM banks like Piper Jaffray, Baird, Raymond James, etc.? And for associates what is the typical bonus range? What impacts your bonus? Similarly what are ER Associate salaries for like 3-5yrs exp and bonuses? If you've worked at a MM as an ...
1
Citigroup - Interview - N/AWhat is the outlook for China's semiconductor industry? Reasonable question but unrelated to the specific industry I was applying to. The first round interview also dug very deep into my previous experience. So it is a good idea to know your resume and think of specific projects that you have prev...
+1
Morgan Stanley Sophomore Summer Equity Research Analyst ProgramHello, Just curious, as someone who is interested in Equity Research, how competitive is the MS sophomore summer internship compared to their banking internships? Also, what is a good Soph summer internship to look for if I am interested in equity research?...
1
Susquehanna International Group - Interview - Equity Researchasked about my views of a specific product in a specific market based on my backgroud. take home assignment consists of a write-up, many excel data analytical work and tables, and another assignment that need to take half a day to compete (confidential). meeting with the director of research: the...
+1
Equity Research vs. ConsultingSo I have a bit of a dilemmma. I work for a boutique pharma consulting firm and am looking for the next opportunity. While I was thinking of trying to lateral to a bigger firm focused on pharma/biotech (Clearview/IMS/ZS), I am interested in equity research as well and passed the CFA Level 1 in Decem...
3
+1
Are there any reactions of Vyantix RX? Vyantix RX Reviews:In the past there was no response for the male change. By then with the progress of science and advancement, a couple of medications were exhibited in such way. Later on, the specialists had similarly created careful meds to update the male's sexual features. At any rate, other th...
1
+1
Equity Research analyst pay formula I heard that many equity funds compensate analysts with a formula to gauge their contribution to fund performance. My questions: 1. How is the formula structured? By attribution or something else? Any numerical examples? 2. Does the size of the sector you cover matter? Say you cover a sector that ...
5
BlackRock - Interview - Equity Capital MarketsBehavioral questions about some situations which happened in the real work 1. When you start a new day work, and you received a lot of emails from your boss and clients, and there are several tasks that needed to be done. How would you deal with this situation? I think this situation is high depen...
Roth Capital Partners - Interview - Equity ResearchNothing was that out of the ordinary. They did ask a couple industry specific questions but they were completely understanding if you did not know the answer to it. They seemed to be more looking for interest and an ability to think for yourself while formulating something coherent. They asked about...
+1
Banks/FIG ROE QuestionDoes ROE improve when a bank grows deposits more than loans? For a non-financial institution, it would make sense that increasing liabilities while holding assets and (for purposes of example) profit constant would be akin to levering up and would improve ROE that way. But for a deposit-taking inst...
4
+1
Most Important things to know going into an ER interviewHi guys, I have been dead set on going into IB which means that as a hardo I understand valuation techniques and have a good understanding of IB as a student (thanks to WSO, WSJ, and Mr. Rosenbaum and Pearl) but would like to know how different the interview questions for ER are. I have recently se...
1
+1
Finally landed a job in ER: What to expect?Almost unbelievable, I was able to land a job in ER 6 months out of college. As a little background, I graduated from a completely unknown school and had no internship. The position I was able to land is at an FIG IB. I’m still pretty shocked I was even considered, much more so that I actually got...
1
+1
Equity Research at Bulge Bracket AMWhat's the pay like for a buyside junior research associate (out of undergrad) at a large bulge bracket asset manager (think GSAM, JPMAM, etc.)? Offer letter says $85K base and I know the lifestyle is nice - but what about year-end bonuses? Should I expect the same ballpark as regular AM analyst pay...
1
+2
Getting sponsorship to take the Series 7 and Series 66I am trying to take the Series 7 and 66 a year from now and have started studying. I have been looking for a FINRA firm to sponsor me, does anybody know which firms are easier to get sponsorship from? I am still in college and want to have this designation before I graduate or right around the time ...
39
KeyBanc Capital Markets - Interview - Real EstateI was interviewing for the REITS position. not much on the technicals but more on the interest of Keybanc and the REIT Industry. A question I got stuck on was real estate prices in Texas vs New York. The MD wanted a simple answer and I went on stating different factors such as Jobs, GDP per capital,...

Pages