Jobs to build skills for ER

I know a lot of people move to ER from investment banking, but I was wondering what jobs would also be good to build the skills for equity research
 

I'm a sophomore at a non target with not the best gpa, but I have time to bring it back up. In case I don't land a solid gig in IB or ER right out of graduation, what jobs would be good to build experience? Would a financial analyst role be good? I want to build experience, get into a good mba program, get a CFA then proceed to ER as my backup plan. What do you guys think? Thanks.

WSO Elite Modeling Package

  • 6 courses to mastery: Excel, Financial Statement, LBO, M&A, Valuation and DCF
  • Elite instructors from top BB investment banks and private equity megafunds
  • Includes Company DB + Video Library Access (1 year)

Comments (6)

Most Helpful
  • Analyst 2 in Consulting
Mar 14, 2021 - 9:34pm

Tbh you could skip the MBA program, and just take level 1 as a senior or right after graduation. That should be enough to get you a couple interviews, given that you pass.

Do your own initiation pieces, backed up with your own models. Find a coverage sector(s) that you like and go for it. You could start doing this now, it'd be a great thing to be able to show when you apply for internships. I started my own website and have published a few pieces, and it's helped me get nearly every interview that I've had over the past couple months.

  • Analyst 1 in AM - Equities
Mar 14, 2021 - 10:40pm

Hey man - I started working post-grad in consulting, and moved to equity research at a mutual fund. The thing that I personally love about building a skillset for ER is that it's extremely accessible to all. I.E., anyone can write a report and build the model. This is exactly what you need to be doing. 

The key to breaking in to equity research is writing multiple research reports and full models. The best thing you can do is work on this for a sector you're interested in and network with  a covering analyst,

Start Discussion

Total Avg Compensation

April 2021 Investment Banking

  • Director/MD (9) $911
  • Vice President (34) $348
  • Associates (184) $232
  • 2nd Year Analyst (105) $150
  • Intern/Summer Associate (95) $145
  • 3rd+ Year Analyst (26) $145
  • 1st Year Analyst (390) $132
  • Intern/Summer Analyst (317) $82