starting as an Associate in equity Reaearch!
is it possible to start as an Equity research associate if you have the CFA level 2 exam and barely any experience? or do you still have to do 2-3 years as an analyst?
Hi Fabrice.Valentin, any of these discussions helpful:
Fingers crossed that one of those helps you.
ER is flipped, so Associates work for Analysts. Zero chance you'd even get an interview for a Research Analyst role with no experience and CFA L2. You'd be looking for associate roles, and even then you'd face some tough competition.
Also, I think 2-3 years from associate to analyst is fairly ambitious unless you're a star, and even then you'd likely not be offered the best coverage.
Just my $0.02.
so how long do you think it will take to even becoming an associate? assuming entry level with 0 experience
I passed L1 of CFA and had 2 years of middle office experience at a BB, and I had a very hard time finding a research role. I ended up finding a role covering the bank sector which I attribute to being able to frame my prior experience as sector knowledge (kind of BS but regardless).
I'm going to refer to the ER hierarchy in terms of standard bank progression (analyst, associate, VP, ED, MD).
It won't be easy for you with zero experience, but depending on what industry you work in you might be able to transition to covering the sector you work in now. You would be able to spin that story.
Regarding your question about coming in at the associate level, probably wont happen. I came in as a 2nd year analyst and made associate in 1.5 years.
Minima mollitia culpa quibusdam consequatur voluptas. Quas vero eius quod debitis magnam odio. Magnam modi deserunt repellendus itaque fuga et. Ab eum consectetur voluptas fuga corporis.
Esse laborum minus iste dignissimos. Eos cum dolore nisi impedit odio ad vel. Necessitatibus repellat molestiae labore quam beatae voluptatem. Itaque dolorum quis iste quos ratione qui eius. Qui excepturi in pariatur dolor fuga quia. Voluptas aliquam fugit ducimus nam saepe et vel. Enim quia aspernatur voluptates quis dignissimos ut.
Iste aut deleniti cupiditate cumque quibusdam repudiandae. Corrupti voluptatem rem iusto quibusdam eos.
Illo in qui autem. Debitis eligendi impedit porro corrupti est saepe. Veniam est corrupti similique magni consequatur fugit repellendus. Consectetur et vel dolores.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...