Displaying 101 of 733 results

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  2. I recently completed my MBA in Singapore and want to move into equity research. I just finished my internship on the buyside and it did not convert. I don't have any pre-MBA experience in finance. I am an engineer with major in IT. Now I am looking o ...

    2 comments6 May 2020 -

  3. Before I introduce myself, I just wanted to thank everyone for the informative and entertaining content on WSO. I've learned a lot just reading through the posts, especially the success stories of people that match my background. I graduated from a t ...

    2 comments6 May 2020 -

  4. Every few months at sell-side firms, management host gatherings where they update employees on the current business environment and how their firms (along with competitors) are doing. A common phrase for this is "townhall", where a short present ...

    2 comments6 May 2020 -

  5. I am looking into colleges (specifically UT and TAMU), and there are a lot of different programs to choose from that seem to be highly beneficial. However, I can't decide whether a program focusing on IB or an analyst program would help me get my foo ...

    2 comments5 Oct 2017 -

  6. Certificate in Securities

    Equity Research

    Question for those of you based in London. I'm starting in a few weeks as a research associate and have been sent the home study materials for the certificate in Securities covering units 1 (Regulation) and 2 (Securities). Roughly how long do I need ...

    2 comments6 May 2020 -

  7. Hi, I'm fairly advanced in the interview process with 2 banks (non BB) based in London for research associate positions. I've looked at salary surveys and they suggest the base salary range is PS45k- PS60k. Does this sound about right to anyone ...

    2 comments6 May 2020 -

  8. Hi, I've been doing a lot of reading on this forum and others, and am preparing for a career change into finance. My background is in electrical engineering, and I have a BS EECS from Cal and a MSEE from Stanford. I'm 34, and have about 12 years ...

    2 comments6 May 2020 -

  9. I am currently a junior at UC Berkeley looking for summer internships in ER in the San Fran area. Unfortunately, the only internships that BBs have in San Fran are in investment banking. Does anyone know of banks or independent research firms in San Fran ...

    2 comments6 May 2020 -

  10. Hey guys, I'll be entering equity research for full-time soon as a generalist and I'll have the option to rank my preferences in what analyst I want to work under. Personally, I want an experience in which I can learn the most from, specifically ...

    2 comments3 Dec 2015 -

  11. I'm trying to break into equity research and just started networking on LinkedIn. I would like to find the research reports of the people I'm contacting so I can ask more specific and in-depth questions. Some people list their sector and coverag ...

    2 comments5 Nov 2015 -

  12. Hey guys. So theres an opportunity for me to intern and do some rotation at Euler Hermies (trade credit insurance) and hopefully impress them enough to land a full time position. My aim is to eventually move from there into equity research at an Asset Man ...

    2 comments15 Oct 2015 -

  13. Eaton Vance ER Interview?

    Asset Management

    Title pretty much says it. I have an upcoming interview with Eaton Vance for full-time ER and was curious if anyone has interviewed with them. WSO Company Database was pretty weak on EV. Posting in Asset Management because it is buyside. asset management ...

    2 comments22 Sep 2015 -

  14. Right now (I'm 24) I can not find an internship in equity research or equity analysts but I want do this in my life. I have 1 internship in middle office in top name in bankig but nothing as a financial analyst. What I should do at the moment to have ...

    2 comments18 Sep 2015 -

  15. Just curious, thanks for the input. Equity Research ...

    2 comments9 Jul 2015 -

  16. Networking- Cold Email?

    Equity Research

    What's the best way to network into ER? I've found many materials targeted towards networking into investment banking but have found few specific to equity research. Is the process still the same? Find email addresses and cold email with the goa ...

    2 comments28 May 2015 -

  17. brief introduction: I have become more and more accustomed to translate observations about the competitive strategy as well as the general demand/supply/new trends of the underlying industry into both accounting assumptions (revenue/COGS/D&A/Capex/etc ...

    2 comments13 May 2015 -

  18. Post-MBA ER comp?

    Equity Research

    Banking comp is pretty standard, but i've heard a lot of different numbers for post-mba ER associate comp. Is a signing bonus typical or does it depend on the shop? What are some of the numbers like? MBA Equity Research compensation ...

    2 comments8 May 2015 -

  19. How do buy-side analysts go about making back-of-envelope valuation on companies? What are the important metrics to consider? I'd appreciate any insights/contributions. I have a buy-side interview coming up and will be given 1.5 hours to analyze a co ...

    2 comments3 Apr 2015 -

  20. I have an in-office interview for ER. This should be the final step in the process. I have the option to interview this upcoming Friday and the Managing Director will set aside some time to meet with me briefly. However, I would only have 1 day to prep du ...

    2 comments10 Mar 2015 -

  21. Hi, I am looking for initiation/analyst reports on the semiconductors industry specifically the memory industry to get an idea of the valuation process. I am really interested in this sector of this industry so even if someone has some general insight int ...

    2 comments17 Jan 2015 -

  22. I am trying to find all the companies a bank's Internet/Software Equity Research team covers. Is there any easy way to do this if I don't have access to ER? I don't think the websites of the banks gives this information. Equity Research Sal ...

    2 comments28 Dec 2014 -

  23. I've been on this forum quite a loooong time. I just never post anything. I'm mostly on CFA forums. However, I recently got a call from a MD for a ER position. He said he will be away the coming weeks and will reconnect in January. But Im afraid ...

    2 comments9 Dec 2014 -

  24. Hey all-- The title says it all. My analyst has been ranked #1 in his/her sector for a few years and due to a multitude of reasons, has recently dropped to a runner up. My goal is to do whatever I can to get him back up to the #1/#2 level and the only thi ...

    2 comments3 Dec 2014 -

  25. I am seeking the advice of WSO here on my internship search. I am interested in an equity research career, and as most analysts on this board, they likely started out with an internship somewhere. Likewise, in looking to start my career, I am looking at i ...

    2 comments22 Apr 2016 -

  26. Today I submitted my resume for an equity research internship at a boutique investment management firm, not actually thinking anything would come of it. To my surprise though, I've been contacted for an interview. The problem is I don't know muc ...

    2 comments11 Sep 2014 -

  27. Pitch ADR in Interview?

    Equity Research

    Is it wise to pitch an ADR in a buy side ER internship interview? Or should I stay U.S.? interview Equity Research buy side ...

    2 comments28 Jul 2014 -

  28. I don't know if it's different on the buy-side vs the sell-side, but in an interview involving a stock pitch (all ER positions) is it appropriate to have a handout summarizing key information and give it to interviewers? Or is it more impressive ...

    2 comments19 Jun 2014 -

  29. Is it possible to you research of company as a public form of revenue? The plan is to start an advisory firm with consulting, accounting, management services (to name a few). In terms of service fees, if I can get a company to agree to publicly disclose t ...

    2 comments7 May 2014 -

  30. Here's a bit of a grey area which I was hoping someone can shed some light on. In terms of errors in published research, are there any government regulations around the process of amending the report? For example, I know research firms will generally ...

    2 comments21 Apr 2014 -

  31. Anyone familiar with Casey Research and their Junior Investment Analyst positions? I would be interested in hearing mostly about exit opportunities (specifically, is this good experience to break into a front office position at a hedge fund?), but also ab ...

    2 comments14 Apr 2014 -

  32. Hey! I'm currently enrolled at a non-target school and graduating this May with a BS in Finance. I have a mediocre cumulative GPA (3.1) and I am expecting to be graduating with a major GPA of 3.3. The reason for the low GPA is due to working jobs lik ...

    2 comments18 Mar 2014 -

  33. Equity Research App Advice

    Equity Research

    all answered, thanks! Equity Research Harvard endowment ...

    2 comments16 Jul 2013 -

  34. Blowing Up Your Client

    Equity Research

    I'm fairly new to the world of sell side research (less than 5 years as an analyst), and I had my first major blow up in 2012. Wanted to walk through the perspective from the sell-side. Background I have a pretty good read on one of my companies and ...

    2 comments22 Jan 2013 -

  35. I would like to ask which program do you guys use for designing the report layout. Thanks! Equity Research Program equity research report layout ...

    2 comments22 Jan 2013 -

  36. Does anyone know if this is the same ER that goes to institutional investors? Or is this just a digest of the bare thesis that CS sells to TD Ameritrade? credit suisse Equity Research TD Ameritrade Salary ...

    2 comments31 Dec 2012 -

  37. What are the most important characteristics for an Associate to have? Assuming everyone knows the basic 3-statement analysis and basic valuation DCF, comps, etc... What else is critical for the Associate to bring to the table? Thanks Equity Research analy ...

    2 comments9 Oct 2012 -

  38. I'm currently a DCM analyst at a BB and I'd like to transition into buyside research. I don't know anyone in research so I was hoping to get some guidance through this forum. Does anyone have advice on what I should try to highlight in my r ...

    2 comments31 Aug 2012 -

  39. Hello everyone, I know it is a bit intrusive to start out in a forum by posing a question, but I thought there is no place better to get some of the answers I seek. ...

    2 comments5 Sep 2012 -

  40. Anyone heard of them? Equity Research ...

    2 comments16 May 2015 -

  41. Hi guys, I have been offered an interview at an independent sell-side ER shop. I currently work at a ratings agency and really want to break into ER so I am quite excited about this opportunity. What are the exit ops like from an independent shop relative ...

    2 comments10 Aug 2012 -

  42. ER Admin Assistant

    Job Search Advice

    I realize that these jobs are glorified secretaries for the most part, but are some lying when they say you will help with gathering research and once in a while brainstorm ideas? Would this help at all if one had no experience, or should I stick to tryin ...

    2 comments1 Aug 2012 -

  43. Does anyone or has anyone ever seen anyone use EVA or residual income models in equity research, either sell or buy side? I am curious if these models are just for show in textbooks or if they are used in reality. I like the concept of it but not sure if ...

    2 comments24 Jul 2012 -

  44. Financial ER

    Equity Research

    Hi guys, I am interested in learning about bank, insurance companies. Is there any book you guys recommend? Thanks, Equity Research ...

    2 comments8 Jun 2012 -

  45. I'm a student at a semi-target university (top 10 British universities). I study economics and Chinese. GPA british equivalent is around 3.8. For economics my university is highly regarded. I have an SA position in S&T at BB bank but would like t ...

    2 comments12 May 2012 -

  46. Equity Research Summer 2012

    Investment Banking

    I will be working this summer as a summer intern in the the Equity Research division at a Bulge Bracket firm. I still need to pick a specific industry I would like to work with. I want to leave myself with the most option after I finish off my first few y ...

    2 comments14 Mar 2012 -

  47. I work at a BB and have an opportunity to transfer to a position in equity research (within the strategy team), however a good part of my focus will not be equity research, but rather primary research. The bank is looking to work with a market research fi ...

    2 comments25 Feb 2012 -

  48. I am an MS Finance student at Vandy and I was wondering what kind of starting salary and bonus do equity research associates in the Nashville area get. I am looking at firms such as Thomson Research Group and Avondale Partners. Equity Research vanderbilt ...

    2 comments31 Jan 2012 -

  49. Norges investment management

    Asset Management

    Hi guys, does anybody got some insight on NBIM in LDN for their equity division? Performance, lifestyle, learning, exit, basically all you have. thanks a lot ER Equity Research AM asset management ...

    2 comments13 Jan 2012 -

  50. BB ER to BB ECM Analyst

    Investment Banking

    hey guys, im at a BB in ER. however, i have an opportunity at another BB as an analyst in ECM. Worth the switch? What sort of exit opps can I expect after doing ECM as opposed to ER? Thanks ...

    2 comments14 Jun 2011 -

  51. Hi, I'm a long time reader and first time poster. I will be a 2011 graduate and been interviewing for a while now. I messed up my chances at the BBs last fall and been trying to find a good fit at a boutique. Right now, my main prospect is working at ...

    2 comments18 Apr 2011 -

  52. How do career path options stack up for Wells Fargo ER associates? (the legacy Wachovia group) What about factors such as pay/prestige/exit ops stack up compared to names like BofA, Citi, etc... Which one would you choose if you were an associate? Thanks ...

    2 comments5 Mar 2011 -

  53. Winter Internship Interview

    Job Search Advice

    Hey guys So I just set up an interview with a boutique bank for a winter internship. I am senior in college looking to expand my knowledge and experience in the business. Unfortunately I am kind of a noob towards ibanking and equity research. I googled al ...

    2 comments11 Jan 2011 -

  54. Does anyone have a used copy of their December 2010 CFA study materials from Schweser? Interested in purchasing- send my a PM. research Equity Research CFA Schweser Level 1 ...

    2 comments8 Jan 2011 -

  55. Training Material

    Equity Research

    I am looking for real-industry (as opposed to academic) training material for Equity Research Analysts, can anyone help with this? Equity Research training ...

    2 comments7 Nov 2010 -

  56. My long-term career goal is unequivocally ER and I'm posting to gather some direct advice on my career path. I've been attempting to make a move to ER from big4 transaction services- background below:-Top 10 undergraduate university (though libe ...

    2 comments22 Sep 2010 -

  57. Hey all, Switching sectors and ramping up. Fairly easy businesses to think about and model from the outside, but just wanted to get a sense of what good resources are out there for getting up to speed. Retail is fairly nuance driven i.e. margin compressio ...

    2 comments12 Aug 2010 -

  58. Hey, I am in an unusual situation. I was originally scheduled for final round phone interviews with two analysts for ER SA at a BB. I just received news that my two original interviewers will be replaced by one HR recruiter. No specific reasons were given ...

    2 comments5 Apr 2010 -

  59. Hey guys, gotta have AC for UBS equity research. Could you tell me how to crack the case study and the numerical test? btw, any thing needed to pay special attention for a Video Call? Thanx! UBS Equity Research Interview ...

    2 comments21 Feb 2010 -

  60. "Pooled" associates

    Equity Research

    Anyone work in an equity research associate role where he or she has been 'pooled' with other associates in aiding analysts across different-sized companies (within the same sector)? i.e. an associate working with other associates to help build ...

    2 comments22 Dec 2009 -

  61. Media Industry Research

    Equity Research

    I currently work in investment banking in an Oil & Gas industry group. When I started, my fellow analysts provided me with a few research reports to help get familiar with the industry, as I knew very little about it. These reports (one from DB, one f ...

    2 comments17 Jun 2009 -

  62. Hey guys, I have an interview with Fidelity for the Equity Research Associate summer position. Anyone been through it? I did try to find posts but most discussed Fidelity, not the interview process. I am expecting stock pitch, fit questions, discuss the m ...

    2 comments30 Jan 2009 -

  63. I am a sophomore at a semi target, 3.5+ gpa, did last summer in PWM, the summer before that at a Real Estate development company. If I take an ER, Asset Management, or DCM internship this summer, how will that effect future prospects of IBD for the summer ...

    2 comments21 Nov 2008 -

  64. BB vs. Own Coverage

    Equity Research

    Hey folks- looking for some opinions. Which path would you see as the better move. Moving to work for an analyst at a well known BB with solid comp or a somewhat unknown but growing boutique but having your own coverage (similarly attractive comp)? Equity ...

    1 comment26 Apr 2020 - Associate 3 in ER

  65. Berenberg ER

    Equity Research

    Anyone know where they currently stand in the US? Views (positive/negative)? Expanding somewhat quickly and focus more in the smid cap space. berenberg Equity Research reputation Salary ...

    1 comment24 Apr 2020 - Associate 3 in ER

  66. Hey guys, I recently just had a Super day for a 2021 ER internship and was wondering what the time frame to hear back from these typically are. This one was last Friday and so I am not sure if I am just not hearing back because of the weekend or because I ...

    1 comment6 May 2020 -

  67. Does anybody know how to properly value health insurance companies? Trying to build a model for UNH but getting caught up in how different the health insurance income statements are. Any insight would be helpful. Equity Research Valuation financial modeli ...

    1 comment14 Apr 2020 -

  68. Hi everyone, Looking to break into equity research. Curious if anyone has access to the full list for II All-America Research Team for 2019? II Equity Research Salary ...

    1 comment10 Jan 2020 -

  69. Some equity research reports for retail companies usually discuss ticket growth and traffic growth. However, I've been curious about how those ER analysts got those data? I couldn't find any quantitative data in the companies' 10k or other ...

    1 comment8 Jan 2020 - Intern in PE - LBOs

  70. Hey guys, wondering if anyone on here has gone through the application process for the summer associate program for JPM? I applied for a position in NYC. Did the pymetrics last week and got my HireVue like a day or later, which I just completed a few hour ...

    1 comment6 May 2020 - Prospect in Other

  71. What books/accessible materials do major firms point newbies to to learn the investment appraisal (both in terms of stocks and macro trends)? Obviously a lot is learned from shadowing/on the job stuff, but it would be interesting to hear what professional ...

    1 comment13 Nov 2019 -

  72. Hi guys! It has been a while since I've lasted posted on this forum. Right now I just completed an internship in corp fin for a large asset manager (think Fido, State Street, Vanguard, Blackrock, etc) and will be working in corp fin again next summer ...

    1 comment12 Nov 2019 -

  73. Hey, I have a phone interview this week at a MM for an ER associate position. The call is with an MD/Senior Analyst and wanted to know if there is anything you'd recommend prepping for specifically, or if anyone is in ER or consumer/retail and have a ...

    1 comment5 Nov 2019 -

  74. Hey Everyone- I am currently stuck in this situation. I interned at a large custody bank this past summer in their Asset Servicing group and have just received a return offer. It is a client coverage group and the career path would lead to Relationship Ma ...

    1 comment2 Nov 2019 -

  75. Best middle market ER shops

    Equity Research

    Hi guys, I haven't found a thread about middle market Er reputations posted within the past 5ish years, so I'd appreciate some updated thoughts. Some background: I'm looking to enter the industry as a summer associate, and I've gotten ...

    1 comment6 May 2020 -

  76. Hi. Thanks in advance for any comments:) I have seen at least 2 postings about "experienced" professionals (55ish) who were looking to transition to equity research and had great backgrounds (e.g. law, private equity, retired serial entrepreneur ...

    1 comment20 Sep 2019 -

  77. Before I continue, am I right in assuming that a full-on release is different than a note created by an Associate and edited by the (sr) Analyst? If so, where can I find a sample note to read over and learn the syntax that goes into these industry notes? ...

    1 comment14 Aug 2019 -

  78. Hello, Does anybody have a template for a 2-4 minute stock pitch? I have been putting pitches together all week but they keep going 5+ minutes. At this point, I think I should adhere strictly to a template and work my story in as I go. Also, does anyone h ...

    1 comment14 Aug 2019 -

  79. I've been trying to break into ER for the past 2 months following graduation from a target with one summer of IB experience at a small no-name boutique, and several other things on the resume that should convey my interest in the markets (numerous in ...

    1 comment1 Aug 2019 -

  80. Next steps...

    Job Search Advice

    Hi- I've recently been accepted to study PPE at the University of Oxford and shall almost definitely be attending. I'd consider Princeton, however, it's unlikely I'll be admitted and it would cost a lot more and be less fun than Ox. Th ...

    1 comment6 May 2020 -

  81. I need help. How do I go from being a financial advisor to a hedge fund career? I enjoy a lot of the benefits of being financial advisor but half of what I do is sales, and the other half is relationship building. My masters degree studies were predominan ...

    1 comment6 May 2020 -

  82. Macro research vs ER

    Equity Research

    Hey everyone! I'm an undergrad currently considering my internship options for next summer and I was hoping that WSO could shed a little light on an issue I've been struggling with. I've always been more interested in ER but I currently hav ...

    1 comment6 May 2020 -

  83. Due to the introduction of MiFID II in Europe, banks now have to be more transparent about how they charge their clients and " must charge separately for research and trading." According to a report released by Greenwich Associates, Research bud ...

    1 comment6 May 2020 -

  84. TL;DR- tried tweaking DCF to make it more optimistic but cannot honestly justify tweaks. Resorting to arriving at target share price with DCF /Comps weight- don't know how to justify/explain my decision for 60% DCF 40% Comps. Need some guidance. I� ...

    1 comment6 May 2020 -

  85. I'm a long time reader of WSO but this is my first post so please bear with me. For context- In may, I graduated from a target school (Harvard/Princeton/Wharton) with a 3.8 + GPA and a return offer to the S&T division of the BB bank where I was a ...

    1 comment2 Jun 2019 -

  86. Return to Main FAQ Page In the financial markets, information is by far the most valuable asset. Investors rely on information to know what to put their money into, traders need information to know whether they should enter or exit a position, and corpora ...

    25 Sep 2017 -

  87. Hi all. I live in Central Europe, started with Big4 M&A (2.5yrs), joined a startup than which failed (6m), tried Equity research at a local boutique brokerage firm, but didn't like it (1yr) and now working for a VC firm that concentrates on Easte ...

    1 comment6 May 2020 -

  88. IB at one of the larger Canadian banks versus ER internship at Fidelity. Internship for summer after third year. Thoughts on lifestyle/comp/exits/etc. between these for full time? Long-term goal is asset management. Fidelity Equity Research Canada ...

    1 comment6 May 2020 -

  89. Both seem very similar to me. What exactly are the differences? Which are the top firms in Chicago? asset management Asset Management Equity Research Equity Research- United States- Midwest ...

    1 comment6 May 2020 -

  90. If you are covering something like Utilities or Paper or Building Products, how will this be viewed if you end up wanting to make the jump to HF or B-School? Does it really matter as long as you are with a well ranked team? I know for certain sectors like ...

    1 comment19 Mar 2019 -

  91. Hi everyone, I'm a sophomore who wants to get into equity research for my junior year summer internship. To prepare and get experience for interviewing I want to start practicing writing equity research reports. The only problem is that I'm not ...

    1 comment8 Mar 2019 -

  92. Hi everyone, I recently got made redundant 1.5 yrs in equity research based in London. I applied to grad school (LSE and Imperial) for finance masters and should begin in September. I have 6 months till I start school, so I'm thinking I should find s ...

    6 May 2020 -

  93. Breaking in for less pay

    Equity Research

    As stated, trying to decide about breaking into equity research for less lay then I currently make. Right now I work in NYC for a major French bankin operations, but have been offered a position as a sell side associate at a boutique firm. Not having expe ...

    1 comment6 May 2020 -

  94. Associate base in ER NYC?

    Equity Research

    Hi All, I am currently an associate 1 in equity research in London (MS/ BAML /JPM), considering an internal move to the NYC office. Was wondering what base salaries are in research these days in NYC? I know the London levels were set in-line with NYC but ...

    6 May 2020 -

  95. Return to Main FAQ Page Welcome to WallStreetOasis' Recommended Reading list for Equity Research. Easy Reads Technical Reads Career Jump-Start Wall Street Meat Best Practices ...

    16 Sep 2011 -

  96. This might be a dumb question but I searched around and found no related answers: I am building a pro forma quarterly and annual income statement model that covers 2017 and 2018 as requested for an interview. I am familiar with 3 statement modeling, but t ...

    1 comment20 Aug 2018 -

  97. Return to Main FAQ Page These are a collection of some of the best discussions created for and replied to by members of the WSO community on the topic of equity research. Keep in mind this is by no means a comprehensive list and reading old and current po ...

    13 Jun 2011 -

  98. Good afternoon friends, mentors, and esteemed members of the community! I am pursuing my MBA in Finance and Accounting from the University of Rochester (Simon Business School); I graduate in June 2019. I have 5 years of IT development and IT consulting ex ...

    1 comment13 Aug 2018 -

  99. Hi! I have an unconditional offer to do MSc Finance & Private Equity program at LSE. It is without doubt one of the best MSc Finance programs, and I am happy to receive an offer but I am very concerned about the possibilities of working in the UK afte ...

    6 May 2020 -

  100. Hello, I recently graduated and accepted a corporate finance role because by the time I received the offer, I was in a position where I needed a fall back and a source of income while I search for IB / ER positions. I have been working there for about two ...

    1 comment14 Jul 2018 -

  101. Hello, I recently graduated and accepted a corporate finance role because by the time I received the offer, I was in a position where I needed a fall back and a source of income while I search for IB / ER positions. Plus, the firm I work for is phenomenal ...

    1 comment14 Jul 2018 -