Equity Research SA 2020 Thread

Wanted to create a thread for ER recruiting. If you guys could send updates on apps and interviews that would help everyone. From what I know:

-Citi is done -Baird is almost done

I know there are also a couple of apps open: -MS -Lazard -CS

160 Comments
 

Yeah Citi is definitely done. I got dinged after the first round but I know they gave offers. CS has been open for a while though, no? I have no idea where they are in the cycle. I think UBS is also open.

 

For MS I don't think there is any assessment for ER. Also heard from an employee that they aren't gonna start looking at apps for another two weeks.

 

No. Was that posted on the careers website? Also, how was the event? Do you have any info about their recruiting process, timeline, etc.

 

Does anyone have an idea about Cowen, WB, Piper Jaffray Wells Fargo ER? I applied to Wells as their app was only open from July 12-15th but there was no option to select that I am interested in ER, it was just a common application for all of the CIB. Some of these are top 10 so I was curious if anyone had info about why they don't have ER apps (i.e. Cowen, WB and Piper)?

 

Cowen doesnt take interns. Piper opens august 1. No idea on WB. And side note: That's absolutely ridiculous that WF is only open for 4 days, what a bunch of pricks...

 

For those who have accepted ER 2020 offers could you drop a reply below with when you did and for what bank if you are comfortable considering no one knows your username. Also what school or if you are target/non-target would be helpful. Just so everyone gets an idea if those banks have started recruiting.

 

Are you able to access the assessment right now?

I'm trying to access it, but it says "The Career section you are trying to access is not available for the moment. The system may be under maintenance."

 

Both the verbal and numerical sections are graph/reading comprehension. The situational judgement test is also pretty straightforward. All in all, it wasn't anything worth stressing over.

 

I'm at a nontarget and didn't get that from Bernstein, but I applied two weeks ago

 

Damn. Must've missed the boat. Most of these guys have been keeping their portals open for months, so I thought I'd be safe waiting a couple weeks...

 
Most Helpful

Been recruiting myself and know at least a dozen others recruiting for ER too. For all who care, this is what I've heard: JPM & Goldman haven't done anything yet. BAML & Barclays have both already had multiple superdays, might have one or two more. Morgan Stanley, Evercore, Jefferies, Baird have mostly finished first rounds, but haven't done super days yet. Credit Suisse & Keybanc are currently doing first rounds. RBC, Citi, and Wells Fargo are done.

 

I think they may have done target stuff. I don't think they've done anything for non-targets (which seems to be most of the ppl in this thread, myself included). There was a dude from my school who was a JPM ER Summer analyst last year and his super day wasn't until mid-October, so it seems like they just have a pretty slow timeline.

 

A VP emailed me. I wanna say it was around 2-3 weeks after I applied online. They reached out and scheduled a call for relatively soon after that a few days probably.

 

Stock pitch, what's going on in the markets, why MS, why ER, basic behaviorals

 

I think MS, JPM, CS still have superdays coming up. I don’t know what’s happening with Barclays, Evercore is done. I think William Blair just started first rounds, RayJay is still recruiting too. These are the ones I know about. Feel free to correct me if any of these are wrong.

 

Yeah, that makes sense. Last week, my contact at JPM told me that they haven't had a superday for research yet.

I can confirm that Barclays is more or less done.

Did you hear back from CS yet (after doing the assessment)? One of my friends heard back from CS last week.

Thanks!

 

Any one have an idea of when offers would come out for MS 10/11 super day?

 

Hey! Does anyone know what the reputation of Stifel's Equity Research is like? I think they are still in the recruiting process and I wanted to get some outside opinions.

 

Minus rem modi aperiam voluptates. Ut et sint sit. Omnis quo qui nemo aut doloremque.

Aliquid et vel rerum quia. Expedita nam nihil voluptatem fuga. Blanditiis est ut dolorem iure. Iste ut ea quasi culpa porro aut.

Similique pariatur accusamus distinctio in laboriosam nesciunt eligendi. Doloremque minus corrupti accusantium est eveniet voluptas. Soluta sit distinctio quae omnis et. Dolor a minus ipsum officiis fuga illum et voluptatibus. Id ipsa facilis nihil quis iusto.

Consequuntur aut accusamus fugiat sit dolores. Beatae repellat quaerat doloribus minima adipisci harum provident. Commodi fugit alias quo reiciendis. Recusandae explicabo perferendis voluptatem laudantium quo eos quia. Voluptatem est qui maiores et dolorem voluptatem. Voluptatibus dolore harum sit praesentium qui rerum dolore.

 

Non vel atque alias. Voluptatem laboriosam amet sapiente consequatur exercitationem nulla. Sunt porro commodi repudiandae cum qui est.

Fugiat cum numquam nihil possimus sunt aliquid voluptatum et. Iure qui consequatur blanditiis. Sed cum tempore adipisci eum distinctio libero et. Modi sed iste non aliquid suscipit.

Eveniet et voluptatem autem ratione quibusdam quia. Quo ut perspiciatis ut esse excepturi. Optio autem qui eum. Facilis autem aliquam mollitia error repellendus laboriosam. Dolor hic velit voluptas magnam enim. Nemo modi facilis eveniet ut doloribus et. Ad sequi quod reprehenderit ratione.

 

Dolorem mollitia rem optio mollitia officia. Voluptatem error esse ea iure culpa consequatur. Accusantium suscipit aut sit et magni.

Cupiditate reiciendis debitis laboriosam repudiandae. Qui rem est neque temporibus. Unde ea ea unde aut consequatur perferendis. Id autem necessitatibus consectetur facilis.

Ut quasi autem harum aut. Reprehenderit qui autem ut libero qui. Neque omnis debitis voluptatem sit placeat et reprehenderit. Voluptas quae est beatae voluptatem.

 

Eos excepturi et sint consequatur natus repellat. Nam ducimus velit consequatur repellat.

Voluptas sed quo suscipit. Eius occaecati praesentium quidem eaque tempore expedita nobis.

Exercitationem debitis rerum officia maxime minus amet provident quae. Hic voluptas minus perferendis qui. Possimus omnis fugiat eligendi est. Quia perspiciatis quibusdam hic atque eos dolores aut. Debitis dolorem fuga consequuntur eveniet corrupti. Voluptatem illo quo ut non non.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 02 98.8%
  • Evercore 01 98.3%
  • BMO Capital Markets 12 97.7%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • Morgan Stanley 05 98.3%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (44) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (78) $151
  • Intern/Summer Analyst (73) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
kanon's picture
kanon
99.0
4
Secyh62's picture
Secyh62
99.0
5
DrApeman's picture
DrApeman
98.9
6
GameTheory's picture
GameTheory
98.9
7
CompBanker's picture
CompBanker
98.9
8
Betsy Massar's picture
Betsy Massar
98.9
9
dosk17's picture
dosk17
98.9
10
Linda Abraham's picture
Linda Abraham
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”