By now you know all about equity research, but you are probably clamoring for the real juicy bits like recruiting, compensation, and exit opportunities.
That’s why I saved the best for last. Part 2 (Part 1) of Life on the Sell Side tackles all of those topics and more (as always, we have to touch on MBAs and CFAs) from an experienced sell side equity analyst.
By the end of the interview, you should have a good understanding of what it takes to break into the equity research business, understand how you’ll advance on the job and, of course, learn what exit opportunities are available to a sell side equity analyst.
All right, no more intro… Part 2 of Life on the Sell Side begins now.
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Do you ever wonder how buy side analysts and portfolio managers generate investment ideas? While a lot of investing ideas come from proprietary research, sell side equity research can play a large role in generating investment ideas for the buy side.
When you step back and compare buy side and sell side equity research side by side, the similarities are numerous. Both involve researching and analyzing companies to generate investment recommendations. The only real difference is the end-user of the research.
Given the similarities, I thought I’d go right to the source and get the scoop on sell side equity research – from what it takes to break in to compensation to eventual exit opportunities.
Today’s interview is with a sell-sider who has worked at both an independent boutique research firm and a large Wall Street investment bank, so he can offer a broad perspective.
There’s a lot of valuable information here, so I decided to break the interview into two parts. Part 1 will cover the interviewee’s background as well as an in-depth review of what equity research is and what it’s like being an equity research analyst.
Part 2 will cover the really juicy stuff like recruiting, breaking in, compensation, and exit opportunities.
Let’s dive right in…
[continue reading…]
By now you know all about equity research, but you are probably clamoring for the real juicy bits like recruiting, compensation, and exit opportunities.
