Silver BananaTopicReplies
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Difficulty of Series exams after CFA?

gata

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...

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Breaking into ER, Seeking Career Advice

Cheering_Chimp

Hi 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...

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Similarities between Enron and Tesla

CapitalOcean

The 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....

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Transition from Corporate Finance to Equity Research

SeniorJobSearcher

Hello, 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...

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What are the best independent research shops?

Bruce Buffman

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...

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From Financial Services to Equity Analyst? Is it possible?

aaron.white93

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...

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How large is the Stifel Consumer ER team?

NYU-Trader

How large is the Stifel Consumer ER team? I'm filling this section out because I haven't filled the character count. Thank you....

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Graduate roles: which equity research groups to apply for?

LDN2018Apps

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 ...

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How to find Bloomberg security codes for Bloomberg Excel Add-In?

test123488

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.)

RG1825

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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Series 86/87

DP33

Passed 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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Equity Research Interview

GinandJuice

Hey 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 equity

renzel

A 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 Research

Scandal

Hi 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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Equity or HY Credit Research?

ghi1342

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)

michael.limichael1987

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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Starting salary and expected bonuses at MM banks?

yyyyyyyyyy

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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Morgan Stanley Sophomore Summer Equity Research Analyst Program

GoPats123

Hello, 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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Equity Research vs. Consulting

babaganoosh213

So 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?

maryweaver

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

CapitalOcean

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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Banks/FIG ROE Question

PacioliBoss

Does 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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Finally landed a job in ER: What to expect?

gata

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 AM

Never a BanKer

What'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 66

Shiv

I 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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How Does Equity Research Recruitment Work?

MrWhite24

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 Exams

gisthenuts

Hey 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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LSM program at upenn

flitar

Hi, 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 Bloomberg

sa-jue

Bloomi 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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Valuation Analyst to Equity Research

bryan7495

Hi 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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IR Professional Looking to Move to Sell-Side

finance_chica12345

Hi- 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?

CPBDTen

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?

Newcoconut

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 Call

Newcoconut

I 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 Office

valueboy

Hi 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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where to get freelance research

TradingCrux

Hi, 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?

axiaskepsi

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

brickmaster4

**delete*______________________________________________________________________________________________________________________________________________________...

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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 X

maniea1990

There 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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What is the reputation of Manning and Napier?

trapdaddy

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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Question regarding applying for an associate position

bryan7495

Hi 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?

lakebeachadvisors

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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