Tips for a successful Sophomore summer wanting to go into Equity Research

Does anyone have any tips as to what are the best things I should be doing over the summer. Other than interning, I have a lot of free time. I will be going into my junior year, so I want to set myself up well starting the school year and I am hoping to intern at a BB bank in research next year.

 
Best Response

Educate yourself! During my summers, I read investment books, study investor presentations and performed my own investment analysis. Now, I own and operate a marginally successful equity research firm. If you want to intern at a bank, I suggest you learn how to model. The sell-side places great emphasis on financial modeling. Learning the in's and out's of a DCF will differentiate yourself among other summer interns. The BEST book for financial modeling (and equity analysis in general) is "Valuation" by McKinsey & Associates.

Good Luck!

Value investor working in the hedge fund industry. Portfolio Manager, Analyst at a $380+ million Texas-based value investing HF. Former Research Consultant, Analyst at a NYC-Based deep value and special situations HF.
 

Thank you. I have been reading a lot of investment books so far and keeping up on all current events in the market. I really need to start learning to model but getting started is the hardest part. I'll take a look at that book, because it should help me get started.

 

Focus hard on a particular industry to become specialized. ER people are specialists in specific sectors. People will be very impressed when you are so young and in college, and already know volumes about a specific industry.

I started as a sophomore following biotechnology, not knowing squat... Many years later, you could ask me about what I think about Twitter or Facebook stocks and I'd have no clue what to tell you; now ask me about gene-editing immunology companies and I'd be able to spit plenty of fire..

 

Praesentium nihil sit molestias ut cupiditate. Est temporibus commodi autem. Laudantium pariatur nihil aperiam beatae vel ullam. Consequatur corporis in consequuntur tenetur ipsa.

Career Advancement Opportunities

March 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

March 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

March 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $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

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...”