travel requirements for a new employee in Equity Research
For people fresh out of college who get hired by bulge banks, how many days of the year are spent on the road? What would be the purpose of the travel mostly?
For people fresh out of college who get hired by bulge banks, how many days of the year are spent on the road? What would be the purpose of the travel mostly?
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Usually 0 per week on average. Travel - client meetings, management meetings, fishing for new clients with your analyst via marketing.
Group dependent. I got to travel to a few analyst days my first year because my analyst didn't want to. You don't really get to do any real marketing as you have no coverage yourself and the PM from Capital doesn't really feel like talking to the fresh 22 year old associate when they can't even do a proper EBITDA bridge yet.
How much travel in ER? (Originally Posted: 09/12/2013)
Hey everyone
Anyone who could put some light on how much you travel as a research equity analyst?
How often, how much and why.
You will meet with management and IRO's of the companies in your sector of coverage, wherever they are based. There are also marketing trips to different geographic regions to sit face-to-face with your firm's clients. In other words, a lot of travel wil be required.
I'd say twice a month for 2-3 days at a time is about normal. Less so for an associate or junior analyst. Traveling is usually either taking companies on non-deal road shows to meet with investors, meeting with investors yourself to market your research, or visiting with companies / attending analyst days. I'm sure some shops travel more and some travel less, but this is about average for us.
Super, thanks for the answer.
Do you know which area of equity research that travel more than others?
Really depends on the analyst. Different analysts have different styles. Some analysts are more promotional and are always on the road meeting with investors, while some prefer to spend more time in the office working on written product.
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