Equity Research hierarchy and salary range?

TkoBr's picture
Rank: Senior Monkey | 97

What is Equity Research hierarchy and salary range? Salary range for Analysts (the senior ones) I've seen ranges for Associates not the Analysts. Is there a potential to make millions like in IB and Consulting?

Comments (33)

Oct 17, 2016

Billions are the new millions, son

Oct 17, 2016

Of course but I think I can live very comfortable earning $1MM a year. Can't find good salary ranges for Equity Research Analyst (the senior ones). Apparently, they make 300k minimum all in

Oct 19, 2016

How long into your career path would you expect to be making $1MM per year?

Nov 19, 2016

Progression? That's easy: You're stuck and once you're grey and old they call you "Senior Research Dude" but cannot even remember your name.

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Nov 19, 2016

that figures...research is becoming such a shitty industry. Prudential is just the first step.

Nov 19, 2016

it's shitty at the MM banks b/c bonuses can't be backed by deal flow. It's still very important and as research is linked more to trading than IB, you'll see things rise again. Still lots of money to be made.

Nov 19, 2016

There will never be a lot of money to be made in research. It will be capped at 200 k USD all in for seniors. Front office people will not give away the cake - why should they?

Nov 19, 2016

You have NO idea what you're talking about. Top bucket pharma ER guys are on 7 figures in pounds. Remember, there is an 80/20 rule at most BB's as well.

Remember, ER is now tied to trading/sales, not banking.

Nov 19, 2016

Fine, so what's your source: Vault? Gossip? Wishful thinking and why are you pointing esp. at Pharma ER as if this would be something special?
ER is a poor professional route and that there might be outliers in compensation (which I heaviliy doubt) will still not change the picture: Max 200 k USD all in.
Of course you can make a lot in trading, but then you need to be directly involved in trading...as a trader...
A researcher is a support function.

    • 1
Nov 19, 2016

have you completely lost your mind? ER as support? The whole equity desk would collapse without ER - it's the variety that keeps people selling and traders trading.

I know 3rd analysts pulling 200k in.

Also, I think you have much better exit options to the hedge fund and asset management world when you're in ER - it's not what it used to be, but 200k all-in, that's a fucking jopke.

And, who do you think hedge fund managers dish out votes for? Execution guys? Fuck no, it's ER/sales and S/T

Seriously man, you have no fucking clue what you're talking about.

Nov 19, 2016
ratul:

have you completely lost your mind? ER as support? The whole equity desk would collapse without ER - it's the variety that keeps people selling and traders trading.

I know 3rd analysts pulling 200k in.

Also, I think you have much better exit options to the hedge fund and asset management world when you're in ER - it's not what it used to be, but 200k all-in, that's a fucking jopke.

And, who do you think hedge fund managers dish out votes for? Execution guys? Fuck no, it's ER/sales and S/T

Seriously man, you have no fucking clue what you're talking about.

He is trolling. And you took the bait.

Nov 19, 2016

word. got owned by the troll.

Nov 19, 2016

You got owned by wishful thinking that's all. The trolls usually work in ER...

    • 1
Nov 19, 2016

haha, congratulations on knowing absolutely nothing about banking. Are you a sophmore? I bet you are.

Nov 19, 2016

Haha, you're probably working (or even worse: trying to land a "job") in ER; you would simply need to check my background on the profile.

Nov 19, 2016

haha, what a noob. I know ER guys who easily make your salary and more. Congrats on being 32 btw and posting here - you're a cool guy.

And because your client defines ER as support totally means it is right? You're not even in banking, how could you have any clue? You think traders make trades just randomnly without understand of the specified stock? Hedge funds trader through a desk after recommendation from ER - that's how it works. Good job on being in your mid 30's and having no clue how a bank works.

200k USD all in?! What a jopke.

Nov 19, 2016

Well, coming back to your points...
Maybe I don't know about banking, but my client certainly knows better than you: support function! But to help you out of your ego problem: ER is the coolest place and they earn more than MDs and cetainly more me.

I am 32 and posting here because I am bored and came across that board when doing a recruitng strategy for another client; I am getting my 3k USD daily but have fortunately nothing to do except a board meeting next week which is prepared and I am really running out of web sites to surf through. Unfortunately I am stuck in this country 4 days a week and there is not much to do / need to be around in the bank during the day...
In the end I don't give a shit how banking works as long as I am making my 500k and still can do my 4 months of holiday/year and only work 4 days a week...

Nov 19, 2016

I have a suggestion - ripping on careers you know nothing about!!

Nov 19, 2016

Good idea;-)so we are back in the circle: I really think ER is shit...just a joke...good luck to you whatever you are up to...

Nov 19, 2016

tomtom,
i do not think you have too bright of a future in consulting if you can afford to take 4 months off each year! what if this client is out? how are you gonna get the next one? you should use that 4 months to network or something cause now you make 500 000 but i would be careful cause you might have to live off of this money for the next 4-5 years to come...who knows you might even have to beg for an ER job at this BigBank client ;-)

ps: what do you mean by recruting strategy? since when have strategy consultants dealt with this?

ps#2: which MBA did you go to? probably HBS, right?

Nov 19, 2016

congratulations on telling me what you think. I will note it down.

Nov 19, 2016

IBW...,
I primarily care that I have a great future in my life and the 4 months of holiday are an integral part of it:-) To be able to do that is a part of the success. Of course I could make 800k this year and work all the time, but then I wouldn't enjoy life as much (by far).
My current client really has deep pockets and I know so many MDs and alike here and some of them I also would consider kind of friends that my fear is more to get out of that client than to stay in.
I have another client waiting to start a project with him and some other options so for the next 2-3 years I could easily "sell" my time twice. Of course that's also very much due to the strong market.
I have savings of aroung 750 k USD invested in securities and I debt free own the appartment I am living in (have to admit my parents bought it for me) so I am in a comfortable position anyway. I am saving around 200 - 250 k USD per year so my capital increases and in the worst case there is no more business in 3 years then I am left with around 1.5 Mio USD which gets me net 100 k USD so I really don't care, but ER I couldn't do anyway. But in the end money doesn't matter really anyway...I use to think on the surfboard in Ibiza.

Recruiting strategy means that the "War for Talent" gets fiercer and fiercer and in a people business as banking those are the reAC/l assets. So how to get the best people? What you then do is kind of defining the EVP (Employment Value Proposition) which is similar to a brand positioning in the consumer manrket and then you have to communicate (Marketing) and also live up to expectations of the employees (kind of operations, I would say). It's a hot topic in consulting and easily replicatable with different clients. I also did a thing on that when being with McKinsey, they are for sure strategy consultants;-)
HBS is a great school and marketing tool if you've been there, isn't it?
By the way, what are you up to?

Nov 19, 2016

How hard is it to start your own boutique after qutiting the Firm or any other top shop? This exit opp really sounds good to me and would like to have when I am "grown up"! So what is required to start your own consultancy? What do you have to pay attention to while at the firm? Contacts,.....what else.....???

Nov 19, 2016

research has definitely taken a hit in the last few years but like any other business function in a bank it has a cycle.

the government has tried to tear down the entire sellside research industry, putting more focus on independent research shops and the buyside's own research. but i think it's pretty clear that sellside research will continue to exist and prosper.

many view sellside research as a cost center but that's only because it does not generate direct revenue. without research the entire investment community would crumble. research is where ideas are generated both for the bank and the investors. research at big ibanks have the resources and manpower to provide that entire package.

it's impossible to deny that analyzing companies and their securities is a fundamental part of wall street. it seems like sellside research has hit and gone past the lowest part of the cycle and ibanks are already beginning to regrow all aspects of their research business....er, fi, strategy, emerging markets etc.

Nov 19, 2016
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Nov 19, 2016