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.
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!
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.
http://www.wallstreetprep.com/programs/
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..
What did you major in because it seems like you would need a science background to learn about biotech stocks
Praesentium nihil sit molestias ut cupiditate. Est temporibus commodi autem. Laudantium pariatur nihil aperiam beatae vel ullam. Consequatur corporis in consequuntur tenetur ipsa.
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...