Why would people go into Equity Research out of college?
As above. The money isnt so fantastic and the hours are long. The job doesnt seem so thrilling. So why?
As above. The money isnt so fantastic and the hours are long. The job doesnt seem so thrilling. So why?
+140 | How to stop feeling like shit for not making it in IB? | 55 | 15m | |
+103 | If Tik Tok is forced to sell, what banks do you think would be involved in the deal? | 50 | 1s | |
+66 | Updated LA Banking Scene (2024) | 49 | 9h | |
+57 | Why Is It Called Investment Banking? | 19 | 19h | |
+38 | Ranking banks that went under | 19 | 13h | |
+32 | A strategy for SA applicants late to the game like myself | 15 | 3h | |
+31 | UBS Actual Buyside Exits 2024 Post-Integration | 9 | 3d | |
+31 | Burnt Out M&A ASO | 17 | 13m | |
+29 | Relevance of A-Levels for U.K. London recruiting | 21 | 9h | |
+26 | Series 79 Help / Tips to Pass The First Attempt | 11 | 1d |
Career Resources
I've heard you can get into VC from ER. Not sure how true that actually is, though.
Someone who actually finds that type of work interesting
Someone who had connections in equity research
Someone who wanted to be in a certain geographical area for whatever reason
Someone who wants to work hard but not as many hours as banking
Someone who couldn't get into banking but wants to earn more than the average Joe or potentially switch over later
Someone who had no idea what they were doing and applied for the job randomly
Who knows ... everyone has their own reason. I certainly don't think it is a bad profession to have.
I don't know what city you're in. The ER teams I know here all work like 7:30-6pm. That's nothing!! Everyone in HK is working some 8am-10pm on some HK$14000 per month.
I would get into and am trying to get into equity research because its something I actually enjoy. I enjoy the process of researching and analyzing data.
Yeah, I actually would have preferred to do do equity research...only had 2 interviews in research, though, and no offers, so now I'm doing banking. Better hours, slightly less money, but it seems like more interesting work to me.
I think equity research looks like nice work. I've been told the pay is a little less than iBanking but you have the option of having a life, you shouldn't get too stressed, and the job itself is interesting - understand a business inside and out, try to reach an accurate valuation based on its prospects, and see if you are proved right by market prices over time. You are part of a small team and can work on your own. As far as exit opportunities go, I've been told that you can get to the buyside via mutual funds or even PE/VC. All round it seems like a good deal.
Two other aspects of ER I find attractive - firstly, the investigative side. Calling up senior management or financial officers to get a clearer vision of how the company is doing. Visiting their stores or construction sites to see their progress for yourself. That seems pretty cool. Secondly, communicating these ideas to clients and other potential investors through publications or conferences. I like public speaking so explaining my research to an interested audience sounds like it could actually be fun.
I find ER to be much more interesting work than IB personally and I also think the exit opps to the buy side (HF, VC, PE, and beyond) are great after a sell-side stint + CFA + MBA type route.
how much do people in ER make first year out?
I am pulling a guaranteed minimum of 79k not located in NY or SF, which really makes a difference. Hours aren't bad at all (~70/week) with extremely limtied hours on weekends. I initially wanted to do banking, but a great opp came across in research that I was glad to jump on. I do agree with Jotah in that ER can lead to a bunch of different buy-side opps, but doesn't have a specific career path ala IB to PE. I am still trying to decide my next move after analyst stint, but I got a lot of time, literally, to figure it out.
Quae doloremque quasi aut expedita tempora odio tempore. Et tempore fuga iste laborum dolor temporibus. Consequatur sint ipsa quod est. In fuga omnis quia dolorum deleniti ab quia.
Debitis tenetur doloribus voluptates delectus maxime. Quasi necessitatibus repudiandae velit fugiat fuga expedita itaque. Ipsam molestiae ipsum et et expedita. Ut corrupti consequatur maxime facilis occaecati cupiditate voluptas. Vel sint autem quae error aliquam cumque. Aut odio facere sunt.
Alias eum magnam molestiae et. Aut perferendis rem aut vero. Qui maxime omnis quo ea excepturi consequatur quo. Veritatis ea voluptatem harum doloremque doloribus dolor. Ea veritatis explicabo explicabo reprehenderit deserunt hic ut sint.
Ducimus saepe sit tempora rerum sed. Illum accusamus omnis sed ea. Laborum excepturi dolorum numquam delectus ea sunt quas laborum. Saepe esse suscipit dolor. Alias consectetur dignissimos dolor et temporibus magni quia. Dolor est amet eos voluptatem id aspernatur numquam.
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...