Trending Content (see all)Replies
+39
Career Ladder: Equity Research vs. Investment Banking - (A Definitive Guide, Part 3)

NoEquityResearch

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...

29
+31
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.

35
+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...

45
All Pods
All Events
Recently Active Topics
Replies
-
+1
Equity Research Associate Offer- Should I Accept It?

pancho23

Wanted to hear other people's take on this- I received an offer for an associate position in my preferred sector and city with a competitive salary. I am concerned however that if I take the position I will not get the required mentor ship and training as the analyst I would be under was just promot...

2
-
-
-
-
-
+1
Equity Research Excel Test Advice - examples if possible!

LDN2018Apps

I have a second round interview for an entry level equity research role at a large investment bank next, including an Excel test. If anyone has experience doing excel tests for equity research interviews I would love to hear your advice and know what tasks you needed to complete. If anyone has act...

1
+2
Industry "pigeonholing" in ER

NeedSomeHelp

Hey guys, I am a senior undergrad with one equity research internship under my belt (last summer). It was at a small asset manager and I was able to do a lot of research, even generate my own initiating coverage reports on a few companies mostly covering REITs and TMT. Right now, I'm looking at an...

5
+1
From Semi-Target to MO to ER. My story

Deter6895

Since this forum was helpful for me eventually making my move into ER, I figured I'd share how I ended up in ER. I had no idea what I wanted to do specifically in school. I didn't put much thought into what career I wanted to do in school and had the mentality that if I got good grades the rest wo...

2
+1
How to become a ER analysts

harrisonczx

Just finished my undergrad. Currently working in DCM in HK, main work is execution and credit advisory which prepare presentation materials and financial model for companies wishing to get a rating for their bond. I have passed CFA level 1 and both part of FRM. My goal is become an equity PM or anal...

1
+1
Full time ER??

kjmanhattan

Anyone know if there are any positions open at any sell side shops or BBs? Asset Management ER??????...

1
-
-
+1
What's it like as a first year ER Associate?

red2016

There's a lot of threads of ER in general but some seem dated so I'd like to ask, for those who have graduated with a BA or Masters etc and gone into equity research (any sector): 1. What was it like your first few months to a year on the job? Was the day to day mostly number crunching and sitting ...

1
+1
Fixed Income Portfolio Analysis Group interview. Any idea what they could ask?

Ineedtoremember

I have an interview coming up with the portfolio analysis group of a large (>1 trillion aum) FI group. I'm concerned as for technicals I am mostly ready with bond basics (duration, convexity, rates, credit risks) but not sure how to scale up these concepts from a single instrument to an entire portf...

1
-
-
+1
List of publicly traded companies and their credit ratings

RE Dude

Anyone know where to find a free (or very low cost) list of the current credit rankings for publicly traded companies? I thought one of these sites like FinViz would have this, but guess not. I don't have access to Bloomberg or other financial systems. I'm creating a basic model to do credit rank...

1
+1
SS ER NYC-London relocation

attruly

deleteddeleteddeleteddeleteddeleteddeleteddeleteddeleteddeleteddeleteddeleteddeleteddeleteddeleteddeleted...

1
-
-
-
-
-
-
-
-
-
+1
Written interview question - What do you think about this company as an investment

Not anonymous

Hi fellas, Heard back from a midsize buy side shop about a second round for which I'll have to answer four questions over email. Last one is "what do you think about company XX as an investment?" They attached a sell side ER report for context. Got a week to do this, how detailed of an analysis are...

2
+1
Securities Exam Series 7, 63, 86 and 87 recorded lectures, exams and books for sale cheap

markCa

Hi, I'm selling Series 7, 73, 86 and 87 notes, books, online final exams, and access to lectures and lecture handout. This is the same I used to pass all 4 exams easily in one go. Can either post the books or meet in person in NYC to hand over. Willing to sell for cheap. If you are interested, ple...

9
-
-
+1
Any JPM NY 2019 Summer Markets - Equity Research Analyst?

caffeinefree

Just wondering if anyone is joining JPM NY's equity research next summer? Curious about what people's backgrounds are like, and also what does the lifestyle in ER look like? ...

1
0
JP Morgan AM - Equity Research

nutsaboutWS

Wondering if I could get some color on JPM Equity Research, under Asset Management in the Investment Management arm. Locations/prestige/hours/pay/work/exit ops Thanks...

11
-
+1
Transaction valuation

rsangari

Can a merger transaction be analyzed with the following data: Accounts payable -1,708 Accounts receivable 16,942 Accrued liabilities -9,423 Debt assumed -385 Deferred revenue -1,766 Goodwill 79,639 Intangible assets 41,460 Long-term deferred tax liabilities -14,169 Other assets 53 Other liabilities...

1
+1
Software Industry Equity Analysis: Do you add back Def. Rev?

TheRoadLessTaken

I know that due to GAAP accounting, revenues are recognized on the basis of how often the payment is due. The rest is compiled into deferred revenues. Thus, is it reasonable to add back deferred revenues to sales? ...

1
+1
Software Primers for Equity Research

TheRoadLessTaken

Are there currently any primers for the software industry atm? I'm familiar w/ several resources such as arkInvest and Meeker trends, but in terms of understand the software, and how the software market is, there aren't much information to anything. I'm open to anything!...

1
-
+8
Equity Research 2019 intern recruiting?

HYPSW

When does recruiting for 2019 internships start in ER? I know that IBDs has already started general recruiting but I haven't seen much for research divisions. Any info is appreciated. ...

39
+1
Starting Coverage-Good and Bad Sectors

ironman32

Just wanted to get everyone's idea on what is currently a good or bad sector to initiate coverage. My firm is considering having me cover cannabis. I don't know if that's the right path for me and also don't know if I want to get involved with working for a cannabis company down the road. I have ...

1
-
-
-
-
-
-
+2
What can I do 2 yrs before graduating PhD Life Sciences in non-target school to be a competitive ER applicant

PhD to ER

I am doing my PhD in Pharmaceutical Sciences/Toxicology in a non-target school in New York City. I am in line to have a solid publication record come graduation and have presented at several internationally recognized conferences. What are some things I can do (besides networking) that will help m...

6
+1
Which capex I should use? (one in cash flow; one in ppe schedule)

iversonhu

Hi guys, I'm always confused of which capex I should use for FCF calculation or company analysis. There are two capex in financial statement, one is from cash flow segment and one from ppe schedule. So which one I should use? Thanks very much!!...

1
-
-
0
CFA Study Hours (that it took you to pass) in relation to alma mater, major, and GPA

I_Like_To_Win

Basically I'm studying for the CFA Level 1 right now and everyone puts up a number of hours that they took to study. However, everyone comes from different background and has a different IQ so it would be nice to see some numbers from people who include their alma mater (or general type/"quality" of...

26
-
-
0
Insights into Capital Group's Investment Group Information Resource (IGIR) Associate position?

WallStreetJunkie123

Does anyone have any insights into the Capital Group's Investment Group Information Resource (IGIR) Associate position? It doesn't look quite like equity research, more like doing research for investment analysts. Any information would be great (actual work, comp, exit opp, MBA boost etc.) Thanks in...

2
-
-
-
-
-
-
-
-
-
-
+1
How to value a company with zero revenue?

ironman32

Does anyone know how to value company with zero revenue; basically, a healthcare company in the trial phase. Can you use a DCF and just discount far out projected revenue? I searched the forums and found prior subjects regarding private companies. Would that be the same method?...

3
+5
Best France/Europe Research firm

Toini01

Hey guys, I'd love to start my career in Paris or Frankfurt (personal reasons) and am wondering if there is any possibility to work in Research there (Equity/Credit ideally). So I was wondering if any of you knew of well ranked continental european research houses. I already know for most BBs, but n...

8
-
-
+1
Stock Pitch-Informational Interview

recaptcha

Should I be prepared to pitch a stock in informational interviews? I've had a few so far and have not been asked about a stock pitch, but just wanted to see if anybody has been asked to pitch a stock or had been asked about technicals during informational interviews? Thanks....

2
+1
What buy-side firms are recruiting for entry-level research associates right now?

iridescent007

As the title says...what buy-side firms are recruiting? (directly out of undergraduate/non-MBA masters) Thanks. ...

1
-
-
-
-
-
+1
Pricing question

Fionn

I have a question about what a boutique research firm would typically charge for a subscription service. For example if the firm provided primary research in the healthcare arena that consisted of in depth interviews of healthcare professionals (not necessarily all physicians) about usage and awaren...

1
-
-
-
+1
ER Associate Post Final Round Interview Confusion

pancho23

Ok so here's the deal- I applied in early August for an associate position at a boutique firm that is headquartered in New York but the role is in a satellite office. The analyst who i would work under reached out to me to set up a initial phone interview with the current associate under him. After ...

1
-
+1
ER analyst or sales?

monkeybread

Hi all, I have been battling with a tough dilemma for a few years now - I'm in ER sales, have CFA, have had multiple opps to switch to sell side/buy side analysts or more specialized sales, but indecisiveness kept me in a generalist sales role. I currently have a good opportunity both for sell side...

7
-
+1
Broker Vote Trends

Rqszawdx

Hey, does anybody have an idea of broker vote trends among the BBs over the last 3 years or so ? The reason i Ask is Im looking to move shops and just want to see where things are going I know JP is at the top and has been but not sure how the rest of the top 5-10 has evolved over the last 3 to 5 ...

1
+1
Biotech - Phase 3 odds of success? What are relevant models to use?

lucaca01

Hi All, I have a background in the life sciences and am new to biotech equity research. Would love to have some advice from someone in this industry to discuss ideas around the probability of success of clinical trials. With a real emphasis on using quantitative (statistical) models to predict out...

1
+2
Raw Materials as percentage of COGS?

tmacnguyen

Hi, I am working on a model for a manufacturing company. I'm trying to test the sensitivity the price of raw materials has on COGS. Is there an effective way to estimate what percentage of COGS raw materials consists of? I've been through the filings and while they do provide breakdowns of the raw m...

2
+1
History major for equity research

marcos.imbillicieri

I am currently majoring in econ and minoring in history at a non-target, small lib arts school. I'm entering my junior year now. I had a decent GPA that took quite a dip last semester. So far, I've taken intro in econ and money and banking. Although I've done well in those two classes, I am concerne...

2
-
-
-
-
-
-
-
+1
Independent ER (e.g. Morningstar) Exit Opportunities

iamjacksunrelentingego

What exit opportunities would an Analyst from an independent sell-side equity research firm, like Morningstar, have?...

1
-
-
+1
Anyone know about Goldman Sachs Equity Research Fellowship thing?

PhysPharmPhD

So Goldmans Sachs has this Equity Research Fellowship program for MD/PhDs in their Global Investment Research division ... [Link](https://uscareers-goldmansachs.icims.com/jobs/44826/gir%2C-equity-research%2C-md---phd-fellowship/job?mobile=false&width=760&height=500&bga=true&needsRedirect=false&jan1...

1

Pages