Silver BananaTopicReplies
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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...
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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!...
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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...
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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...
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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...
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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...
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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...
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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...
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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. ...
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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. ...
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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...
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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 ...
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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 ...
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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...
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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?...
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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...
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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...
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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...
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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 ...
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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...
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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...
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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...
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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...
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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...
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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 ...
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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,...
Raymond James Financial Inc. - Review - Equity Research*People are nice and welcoming, always happy to help out *Generally flexible work-hours, especially for interns. *Not much interaction with others; most spend their whole day in cubicles *Not much diversity, most people are from Florida ...
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How Does Equity Research Recruitment Work?Just as the title says, how does recruitment typically work? Specifically: - Are new associates hired every year across all coverage groups? - Do you get to pick your coverage group when starting out? - Is there a time when all banks/independents are hiring new grads? Or is hiring done on an as-ne...
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Wall Street Prep ExamsHey guys, just took the accounting pre-test from Wall Street Prep for my full-time ER gig coming up next month. Failed it with a 37%. How important is this thing? Should have studied through the courses but didn't. Plus it was a bit harder than I expected. Thanks....
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major BB equity research or no name boutique canadian IBD? (repost from IBD forum)I posted this on IBD forum. obviously, the audience is different, so i thought to get a different perspective. so, here's my question below: Which one is more desirable? Equity research at a very well respected BB (JPM), or an offer at a boutique shop doing IBD in the USA? the boutique ibd shop is ...
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LSM program at upennHi, I'm a 17 year old from Colombia wanting to apply to the LSM program at upenn. Thing is, we don't have many research centers or opportunities here and I feel like LSM requires that you have done amazing research to get in. I have the chance of going abroad for research over the summer, but i'd l...
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FCF consensus on BloombergBloomi keeps getting worse over the years... How do you guys derive consensus UFCF / EFCF? Cannot be bothered to go into analyst models and do it manually. FCF consensus on BB seems to mix UFCF and EFCF. Any suggestions? tx...
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Leerink Partners - Interview - Equity Capital MarketsThe interviewer asked a lot of technical questions at the very end. Such as: -Run me through a DCF - I nearly muffed and screwed up on this one but recovered quickly. Just be sure to explain how to estimate the revenue and justify why you select your discount rate (higher vs lower) -Are there any ...
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Valuation Analyst to Equity ResearchHi Guys, Does anyone have an insight on how desirable a Valuation Analyst position would be if you're eventually trying to move in to an equity research associate role? (Regional). I am under the impression that it would have highly transferrable skills to ER from a financial modeling perspective a...
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Deutsche Bank - Review - Technology, Media and Telecom (TMT)A consistent paycheck and bulge bracket name on the résumé. Honestly, that's about it. I can't in good conscience recommend working there.. Deutsche Bank is a dumpster fire with no cohesive strategy, low morale, and morose colleagues. Avoid at all costs....
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IR Professional Looking to Move to Sell-SideHi- I went to a top 12 school with above 3.5 GPA and I majored in Economics. I am working at a buy-side shop in investor relations but am looking to pivot to the sell-side. I am open to banking and equity research right now. I want to earn more and learn modeling skills. Any advice on how to move? I...
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Investment Write-Up Advice - Where To Start?I am currently looking for a PE, IB, or ER job/internship coming out of a non-target undergraduate school in California (the odds are against me, I know). I have been receiving mentorship from a portfolio manager in LA, and he recommended that along with my resume and cover letter, I should have an ...
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New buy side analyst - Who are you seeking when you need more qualitative information of a company?As per topic, who are you seeking when you need more qualitative information of a company you covered ? Like business model , strategy, operating data etc. Do you ask the sell side analyst or the management directly? Appreciate for your helps. ...
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Earnings CallI find that most of the EM companies never put the earnings call date and time on their company website. Does IR inform the investors/analysts through email after the subscription of email alert?...
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Equity Research In Family OfficeHi everyone, I will be shifting into a family office outfit, doing ER there soon. Just want to find out what are some of the differences in terms of research process, workflow or any other things you think is relevant between boutique, family office and behemoths like Blackrock, Fidelity etc At bo...
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Piper Jaffray - Interview - N/AInterviewer was super friendly, very conversational. No technicals. Questions included: Why ER? Why Chicago? Asked a lot of questions about moving to the midwest. Compensation? Are you interviewing elsewhere? Which locations? 3 strengths? Walk me through your resume. Specific question...
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where to get freelance researchHi, does anyone know good sources to pay for some proprietary equity research? Im looking for a somewhere I can request decent fundamental analysis on a stock along the lines of a buy-side value oriented structure or a sell-side Initiating Coverage report. I have little time and would like somewher...
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Advice For ER Summer Interns Starting This Week? Hi all, Summer internships are starting tomorrow, and I thought a discussion about what advice/tips can be shared for incoming ER interns would be great. Any advice on how to stand out as an intern? Anything an intern should be aware of beforehand? ...
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MS Question**delete*______________________________________________________________________________________________________________________________________________________...
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Goldman Sachs - Interview - Technology, Media and Telecom (TMT)I was asked why I wanted to make a career change and why equity research is where I'd like to go. I was then asked about what factors influenced by decision to apply. Other questions include explaining what my biggest accomplishments were and how I behaved/performed in my previous work environment. ...
CPP Investment Board - Interview - Equity Capital MarketsThe most difficult questions were about the case study itself. You had to do a powerpoint to value Facebook. Some of the questions asked are: 1. What are the biggest risks facing the company? 2. What are the main opportunities? 3. Do you think the valuation makes sense? 4. How would you value a comp...
Goldman Sachs - Interview - Equity Research1) What was the most interesting college course you took? (asked by MD on the phone). I definitely didn't respond by saying a finance/accounting course was the most interesting. I think they wanted to see some of your personality through this question. 2) What was on the front page of the WSJ this ...
Morningstar - Interview - EquitiesWhat's a deferred tax asset and how does it appear on the balance sheet. If a company begins raising inventory, how does that affect valuation? If a company announces a huge stock buyback, how does that affect valuation. And then for my presentation, the key focus was on addressing the TAM for each ...
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How to value a private automobile company (a joint venture; X and Y)? and its contribution to the intrinsic value of company XThere is a private automobile company (under development phase) which is a joint venture of two companies: X and Y. Company X is a public listed company. I need to calculate the value of the automobile company and its contribution to the company X value? I am making use of industry’s EV/unit mult...
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Raymond James Financial Inc. - Review - Oil & GasAccess to company executives and buy side managers. Deep exposure to industry specific research. Enhance knowledge of modeling and valuation. . Pay is not based on performance. Worst performers with best external connections are not held to the same standards as rest of the team. Internal leadersh...
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What is the reputation of Manning and Napier?Exactly what the title says. Particularly as it relates to entry level employees. This is a firm that does not have much literature available on it and my linkedin network is insufficient to get the information that way. ...
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Castle Creek Lifescience Partners - Interview - HealthcareThe first writing sample was an in-depth analysis of the immuno-oncology landscape. Since the prompt was very broad, it was hard to narrow findings from various therapy areas into a few pages. Im sure I could have written a whole 100 page report, but an important part of the process was to identify ...
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Question regarding applying for an associate positionHi guys, When attempting to network via cold call/email to seek out an informational interview, does anyone view this as a waste of time trying to get your foot in the door for even an informational interview (obviously with hopes of getting an actual interview) if a firm hasn't explicitly stated t...
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Is Summer 2019 ER SA recruiting similarly accelerated?Title. Also would an ER internship 2019 look fine if I potentially wanted to do IB full time? Probably won't, since ER is what I'm passionate about, but I wanna keep my options open....
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Buy Side NewbieHi everyone. I'm a couple months (associate level) in at a boutique shop working directly under a PM(...
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Fixed Income vs Equity Research Hi everyone, I have a full-time offer for equity research and one for fixed income research within the specialized products group both at JPM. I am quite unsure about what I want to do long-term, and I do not think I want to stay at a bank for most of my career. In which role would I learn more hard...
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Low GPA - Non Target - Landed a research gig - HelpBit of background for context: Experience/Quals -Went to a non-target in AUS (Non Go8) - Low GPA - PWM experience - Ops experience Me -ENTP/ENTJ -Solid writing skills with a serious knack for compiling well written pieces -Consistent curiosity and thirst for knowledge (strong avoidance of complace...
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Goldman Sachs - Review - Investment ResearchPrestige: arguably the best known bank on the street, despite its Research franchise not being considered the best. Learning opportunity: sat next to some of the top ranked analysts on the street and listen in on their conversations with investors. Whether you like it or not, a lot of it sticks and...
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What is the definition of "Mean Annual Return" in Yahoo Finance?What is the definition for "Mean Annual Return" in Yahoo Finance? The words lead me to believe it's an arithmetic mean of annual returns over a period (e.g. 3Y). But the values just don't make any sense to me. Taking VOO as an example, it says the 3Y Mean Annual Return is 0.88. This value isn't de...
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Bloomberg Intelligence...any info?Hi All, currently looking into a role as an Equity Research Associate at Bloomberg Intelligence. -Is the experience comparable to typical sell side research associate? i.e. industry research, modelling, meeting with management teams etc. -Has anyone actually the read the research they produce, what...
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Looking for Healthcare, Pharma, or Biotech Industry PrimersI am looking for some healthcare/pharma/biotech primers, primarily from BBs. PM me please if you have any primers. All help is appreciated....
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Equity Research sell side: how do you think the buyside should do better to interact with you?going to be starting in equity research at a mutual fund. i'll be be covering companies and so wanted to ask the wso community (specifically those working on the sell side) what are the characteristics of buyside analysts that you like to work the most with? what is your ideal relationship with buys...
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Interview at Third BridgeHi fellow chimps, I've finally managed to claw my way to earning a jr research analyst interview from the depths of operational roles. Third bridge is the firms name and I'm trying to know what to expect and what to have ready. Do i need a stock pitch at the ready? Has anyone here interviewed/worke...
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3 statement dynamic model with projections templateHi Guys, I am in third round equity research interviews and have to put together a 3 statement, dynamic, financial model that is capable of doing not only historicals obviously but projections. Problem is, my group never uses these type of models. Does anyone have a template they could pm me (or i...
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How to Forecast operating profit margin for service companies?How can we forecast segment operating profit margin for service companies which have multiple segments? Is there any way to forecast using historical operating margins? For example, if need to forecast operating margin for 4th quarter, is it okay if i calculate it by averaging operating profit margi...
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The Joyous Process of HiringThis is more so letting me vent, so bare with me here. I've begun the process of hiring a few new analysts, and it amazes me that the job postings spell out VERY SPECIFIC base requirements and people just ignore this. Now, I'm not talking about "minimum 5 years experience" and the person has 4, no...
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Russell Investments - Interview - Equity ResearchWalk me through your resume Why russell, why finance, tell me about your resume. what data analysis have you done do you know excel/vba what do you know about this company what do you know about its business segments walk through resume explain how you’re a self starter What do you know about ...
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CFA Level III Study PrepHey monkeys, The time is coming up quickly. The CFA exam is in 6 weeks. Does anybody have any advice in regard to studying for the multiple choice portion of the CFA Level III exam? The CFA Institute doesn't seem to post the afternoon (multiple choice) portion of past exams. How are you guys studyi...
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Modelling Template for InterviewHi guys, does anyone have a simple financial statement modeling template they can share for interview practice? Thank you so much....
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Robert W. Baird & Co. - Interview - Technology, Media and Telecom (TMT)Brain teaser: how many used cars are sold in the US every year? Pitch a stock, give specifics, need to know plenty of numbers Estimate how many cubic miles of water are in Lake Michigan. In one interview, we were handed a sample paragraph with a number of spelling and grammatical mistakes and a shor...

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