How Did You Know ER Was Right For You?

How Did You Know ER Was Right For You?

Seems like a really appealing career path. Not concerned about the consolidation, since top groups can still get paid quite generous compensations. I really like the idea of deep analysis, but maybe I would be better suited for PE, or working in AM

So, to those of you who really enjoyed your time in ER, how did you know it was the right career path for you?

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Comments (6)

Jun 8, 2021 - 6:17pm

I did not enjoy my time in ER, so I am leaving this thread. 

Instagram: @dickthesellsider | Substack: dicktoad.substack.com

Jun 8, 2021 - 11:28pm

It won't tell you anything. Your experience is 100% dictated by how your analyst runs the franchise. There is nothing to extrapolate from my experience. 

I covered part of tech and worked for a great analyst, but worked long hours because how (s)he ran the team. 

Instagram: @dickthesellsider | Substack: dicktoad.substack.com

  • Associate 1 in ER
Jun 8, 2021 - 7:02pm

1st year, paid generously (140-160k total comp off ~90k base), in a hot sector and analyst. Analyst is great and truly does deep fundamental analyst in our non-large cap coverage.

It really boils down to, are you a curious person. Maybe even nosey. As many have said before, your experience is largely dictated by your analyst, and somewhat your bank.

Starting on the SS really sets you up for the AM route. PE is a totally different ball game and there are some recent threads (Consultants considering PE, another thread i think) that highlight the lifestyle and misnomers. 

Jun 9, 2021 - 8:50pm

Associate 1 or junior analyst? And if associate, did you come out of an MBA program or lateral? Just seems like a super high comp for a junior analyst..

Also would you mind giving the type of bank? BB I'm guessing though some MM pays higher than BB.

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