Silver BananaTopicReplies
-
-
+1
Breaking into ER from RE

alt-awg

I've been interested in breaking into sell-side ER for a while. Trying to get some advice and a bit of motivation. Below is some background info about myself: Graduated in 2013 from a semi-target. Finance major. Dull GPA, but above 3.0. Working in real estate my entire career. A few years at a glob...

1
-
-
-
-
-
-
+2
How to transition from biology to market/equity research (in life sciences)?

JD9

Hey guys, I'm hoping I can get some information on what kinds of jobs I could use as a launch point to enter the business (I'm specifically thinking market/equity research or M&A) arena from a biology background. I got my B.S (Biology). in 2016 and I have been working at a state university's medica...

10
+1
Has anyone heard of Park Manor Capital Advisers LLC in Boston?

ihatefinance123

Has anyone heard of this equity research firm in Boston or Philadelphia? Any insight would be greatly appreciated. ...

1
+1
Timed Writing Interview Advice

Deter6895

Hello Everyone, I have a timed 2-hour writing interview for ER at a BB and was wondering if anyone has gone through something similar or had any advice. The format is they will give you a company press release related to quarterly earnings and then you are supposed to write an research note off o...

2
+1
ER summer associate to market risk full time

outsidelookingin

I know that most people would never go front office to middle/back office but hear me out. I am interning this summer in ER at a MM under a highly ranked II analyst, however, I hear almost everyday about how ER is a dying business, and that risk is a new up and coming business. I also like the more...

3
+1
Help - JP Morgan vs. Wellington Management Research

BellerophonCadmus

Hi all, Here's my situation: I have an offer for JP sell-side research. I also have a super day with Wellington for equity research on Dec. 2nd. If it comes down between the two, what do you guys think?...

24
-
-
-
-
+2
Equity Research Summer Internship - Placement and Coffee Chats

axiaskepsi

Hi my name is Removed, I am looking for an internship in Removed. Can anybody help me find Removed? I am lost in Removed. Removed. Reeeemoved. Reeeemoved....

2
+1
Tariff Effects on Markets?

ifried

Asian markets were down after the Trump Administration announced the tariffs they plan to impose (25% on steel, 10% on aluminum). I can confidently say that the effect politics have on markets has been decreasing over the years, however this one is different. This decision can and will effect the ma...

1
-
-
-
+6
Is ER a bad goal in college with MiFID II coming?

clauritzen

So I'll start this off by saying I don't really know what I'm talking about. I am a senior in high school who is going to college soon (semi-target). From what I have read, Equity Research seems rather appealing to me, and it would probably be what I network for and hope to do after college. I en...

10
-
-
-
+1
the underdog

John-Mannings

Hi everyone, I am in my senior year in college, I graduate FALL 2018. I want to start my career in ER. Unfortunately, it seems like everything is stacked against me. I come from a non-target school. My GPA is 3.5. The only internship that I have under my belt is an accounting intern. Is there...

4
-
-
+3
Any alternative to beta?

jacobchua

So I have a very fundamental question on Beta. It seems that beta has it's flaws: backward looking, doesn't distinguish between upside and downside and have liquidity bias as well. Beta is a measure to capture market risk but do we only have beta to capture market risk ? What other alternatives do w...

8
+1
[question answered]

wallstreetthrow111

question answeredquestion answeredquestion answeredquestion answeredquestion answeredquestion answeredquestion answered...

8
+1
MCD Model

Bison53

I can't get my model to balance. Is anyone willing to take a quick look? Also, can someone tell me if there is a way to add a link to the model. ...

1
-
-
+6
Best undergraduate degree for equity research?

Cosmo Kramer

I already read "Here are the target undergraduate schools in Canada," which seemed like it was more for people who wanted to go into IB. I'm more interested in ER, and thinking about possibly going into HF later on. Which (Canadian or US) undergraduate programs do you guys recommend? (Which undergra...

14
+1
How do rising interest rates impact corporate balance sheets?

y-raz

In an environment of rising interest rates, lets assume we have a few scenarios: Company A: Low leverage (minimal debt to equity), high cash, high A/R, low A/P Company B: High leverage, High cash, High A/R, High A/P Company C: High Leverage, low cash, high A/R, low A/P How will each company be imp...

2
+1
Goodwill Reporting on 10-K

TwoSocksBobby

I'm looking through Lowe's 2016 10-K and it acquired a Canadian company named RONA which was the only acquisition. An exhibit outlining what Lowe's paid for RONA states that goodwill is indeed 976 but the actual goodwill exhibit under acquisitions it has the figure 1015 instead of 976. Is this due...

3
+1
Do I have a chance at breaking into an equity research/investment organization at this point?

oksoundsgood

What i am wondering: is it wise at all for me to spend my time applying to investment organizations (is my resume going to continue to get thrown in the trash?). I'm a graduating (in may) economics student at UW-Madison and have a 3.5 GPA with experience interning at a small, no-name real estate val...

1
0
Best Practices for Equity Research Analysts by Valentine

Loki777

By chance, does anyone have a pdf ofthis book? if so, please pm me Best Practices for Equity Research Analysts: Essentials for Buy-Side and Sell-Side Analysts James J. Valentine (Author)...

5
+24
Equity Research Q&A with Flake

Flake

Mod (Andy) note: This thread is from December '11, but Flake said he is still up for answering questions, so fire away Given the holiday season, I'm in a relatively good mood and feel the need to give back a little. I've seen a bunch of these "fielding questions" threads and I thought they were ext...

153
+1
When and How To Exit?

ERWallSt90

Been in ER for almost 2 years; clearly an excellent opportunity and learned a ton, including numerous certs etc. I've realized I' extremely unhappy on the job, granted I am doing it well and better as time goes on, but I know I would never want my bosses job. I've just had too many conversations a...

3
+2
CFA - Anyone burn their Schweser books and just learn from the Videos??!??!

wallstreetballa

CFA Monkeys - Curious to hear your experiences with Schweser Videos or videos from any of the other companies? Helpful? Better than the books or just use them as supplementary to the books? ...

47
+2
Exit opps for ER @ small investment management firm

iluvcostco

Hi all, I have an opportunity to join a ...

5
-
-
+1
ER Salary London

BananaBoatMonkey

A good friend of mine was offered an equity research associate position in London by a BB. She has been working for a research boutique in NYC for 3 years post MBA (top 5) and the BB offered her £95k base salary. She asked me for my view on the offer given I am based in London but as I am on the IB...

1
-
-
+1
Did I make the right move?

taazmingo

Hi All, After spending almost 7yrs in the financial services sector (since the start of my career), I have recently joined a high street bank in their equity research team. It feels like a whole new world, and I don't feel too bullish at the moment. Im supporting the equity strategy product as an ...

3
+1
Valuing Exxon Mobil with DCF?

jschlumberger

Hi all, apologize if this is in the wrong forum. I need to value Exxon Mobil for a presentation and have been told that a DCF would not be accurate for reasons that have not been well communicated to me. Someone has mentioned using APV, but quick searches on WSO have said that APV is purely academi...

1
-
0
Stock Pitch Competitions

man-1500

What are some notable undergraduate stock pitch competitions that are held on a national level? Anything like the Ira Sohn Idea Contest would be helpful. Thanks....

3
-
-
-
-
0
RIA: Is this a viable option for an ER analyst who hopes to enter into AM firms and HF?

kwilly

I hope to start in Equity Research soon and was looking at a few ways the career itself would branch out after several years of experience. I was looking through Asset Management in the forums and I came across RIA (Registered Investment Advisory firms). Most of these firms are founded by older guys...

7
0
Cross Research Group

sfnj91

Does anyone have any information on this company? Boutique equity research firm that focuses on InfoTech. Applied for an entry-level associate position and have a phone interview tomorrow. Looking for any information. Thanks....

14
-
-
-
-
+1
Can a listed company that is not at risk of bankruptcy choose to end operations?

crazi4ib

If its possible, what happens to its stock and to its bonds? And is it the same case for a private company?...

2
-
-
-
+2
CFA Registration Inquiry

Dintal

Hello everyone, As the title suggests I have inquiry regarding the CFA Level 1 exam registration process and specifics around the “requirements” for enrolling for it. To give you some background information, I’m doing BA HONS in the UK (Scotland) and my course is composed of Bachelor’s Deg...

5
0
T Rowe Price

kyle123

I was hoping someone could shed some light on the T Rowe Price Equity research program in London. I know their headquarters are in Baltimore, but I am assuming their London office is quite large. Compensation, bonus, Exit Ops, culture, etc (incoming associate analyst)...

4
-
-
+5
3 statement financial model template

afthomps

Dear all, I got past my second round interview for equity research associate position, and they have sent me an assignment to do. I was wondering if anyone had a dynamic 3 statement financial model that they would be so kind as to let me see. I want to make sure that I am doing everything right, ...

82
+1
Primer on investment banks/asset managers/brokers

Sage Kelly

Hi everyone, Does anyone have a primer that covers investment banks, asset managers, and brokers? Thanks!...

1
0
Private Bank Trading Desk to BB Equity Research

nofunleague

Hi Guys, So currently I am in the Private Bank at a BB. I sit on the sales trading desk and cover semi institutional clients (think 200MM+). Basically we do a sales trading job, pitching ideas we get from the asset class strategists in our PB to our clients (all assets classes equity, fixed income,...

2
+1
Choose between BoAML ER or PIMCO product analyst?

afu aloy

Received summer internship offer from BoAML Equity Research and PIMCO product analyst, both at London. Any thoughts on which one is better? Like return rate, salary and career path?...

5
+1
Facebook - What's Their Next Plan?

kelwnfnksdc12

Hi everyone, I'd like to know how you all are thinking of a next move by Facebook in 18's and perhaps whether my thought process might resemble with some of yours. If different, I welcome any different opinions. After their last earnings release and Mark's statement of creating an internal progra...

1
0
Introducing Myself - 24 year old student

Captain R

Hello, I just wanted to introduce myself, as I just joined and the starting message mentioned I should. Currently I am a student in Cleveland, Ohio, and I will be graduating in December. After some changes in majors over the years, I finally know I want to be doing equity research. I have stumb...

2
-
+1
Difference between sell-side and buy-side equity research (culture/ atmosphere, salary, career paths, etc.)?

UK2013plus

Hi, I'm very curious about the difference between being a sell-side or a buy-side equity analyst. Of course, one main difference is that you don't talk to clients when you are a buy.side analyst and that your reports aren't published, as they are for internal use only. but what else? do pay (of cour...

19
+5
Equity Research - Which banks will "survive" post-MiFID?

Neo.Waaht

**Question**: Incoming FT in Equity Research and as the news go (lately with Nomura signaling a shake-up), I was wondering which banks you think will have to cut down significantly when the effect of MiFID have gone into place? **Sub-question**: As an incoming FT for a BB (without getting to specif...

13
-
+1
(TGT) Target Corporation 10-K Analysis: Accounts Receivable

Blowfish

Hey Everyone! I'm an undergraduate Finance major. I've been practicing my valuation skills with real companies to understand better how it's really applied to the market. I'm proud to say that I improved a lot. However, there're still times in which I have trouble understanding financial reports....

1
0 9
+1
Target IRR for Small/Mid-Market Companies

DetRustCohle

Is there a general target IRR the market is trying to hit when valuing an acquisition? I realize it may vary a lot by industry, but I was just wondering if someone could give me a generally accepted minimum target IRR or maybe a quick breakdown by industry. ...

1
+2
CFA Materials: Schweser vs Bloomberg

allidoisER

Hello all, This week I registered for CFA Level 1. I registered for the June 2016 exam. I am wondering if anyone has used the Bloomberg study materials for the CFA. I know Schweser is the go to for most people but it looks like Bloomberg's product is pretty strong. You can get either program for ar...

28
+1
Travel Passport for CFA

NeverOutOfTheFight

Hello, For all those who have taken the CFA, I have a quick question regarding passports for the exam. I am not a US citizen and have a regular passport from my country of origin. The requirement states that I need an International **Travel** Passport. I'm not sure if there is a difference between ...

3
+8
What am I expected to know as an incoming ER SA?

JimmyRecard

My fellow monkeys, I am in dire need of some guidance, here! I won an ER SA position for this upcoming summer with an MM bank and was looking for some advice on what I should be brushing up on in the next few months leading up to my internship. Coming from a non-target, I don't have any classmates ...

9
+4
Equity Research vs. Due Diligence

needadvice126

If you had 2 offers: 1) Equity Research Associate- Sell Side- at Susquehanna International Group (SIG) or 2) M&A Advisory Due Diligence Senior at Deloitte (not the corporate finance group) Which one would you take and why?...

7
-
+1
Best Equity Research Providers For Small Funds

joel-to

Starting with a small fund focused in US equities shortly and was curious where these funds find research content. I know in Europe the unbundling is pushing bulge bracket research prices down, but a lot of it still seems too pricey for a smaller fund to pay for. Here in NA content access is still t...

1
+1
NOPAT with benefits from income taxes

sa-jue

Hey - am using the marginal tax rate for my NOPAT calculations. How do you treat benefits from income taxes though? Simply using 0% for the marginal tax rate so that operating profit = NOPAT? ...

1
+2
Susquehanna International Group (SIG) Equity Research Associate First Round Intervire

hihihohohaha2

Hi, I will be having an upcoming phone interview with an HR for this position. I would love to hear any suggestion on how I should prepare for this? From what I understand, there will be brainteasers, probability and stock pitch? ANy take on this? Thank you! ...

47
-
-
0
Looking for an equity research mentor!

mayalanders

Hi, I will be interviewing tomorrow with for a MM ER role (junior) and I finally realised that I really need someone to help me with a few things before that. I am looking for a mentor / tutor who would be willing to help. I can obviously pay as I recognise it is someone's effort! Please let me kno...

1
-
-
-
-
-

Pages