Getting an Equity Research Internship
Getting an equity research internship is a great way to gain valuable experience in the financial industry, learn valuable skills and get a pulse on the stock market and company-specific news. You can also network with ER groups to build valuable relationships, get a full-time offer, and develop strong communication skills.
Develop strong communication skills
During an equity research internship, you will learn about the financials and industry outlook of a company. You will also develop relationships with the management of companies that are under coverage. You will also conduct research on micro-cap companies. You will learn about financial modeling, financial statement analysis, valuation methods, and the difference between international and domestic markets. You will also learn about investing and write investment recommendations based on quantitative analysis.
The position requires strong written and verbal communication skills. The candidate should be able to express his or her financial recommendations clearly and persuasively to institutional investors and external staff.
The candidate should also have good interpersonal skills. This means that he or she should be able to work well with people and handle stress. It also means that the candidate should have a background in public policy and have a network of contacts in the press and philanthropy.
Get a pulse on the stock market and company-specific news
Getting a pulse on the stock market and company specific news is the name of the game for any aspiring stock trader. Fortunately, the likes of which are numerous, a number of professional investment firms are able to provide guidance in the financial realm. As such, it is no surprise that an internship at one of these firms could lead to a career in the industry.
While there are many factors to consider in the selection process, one thing that all financial firms have in common is the need to hire smart people with the right mix of business acumen and organizational acumen. To ensure this, an intern may want to consider a financial firm that offers a comprehensive internship program. The best bets will be those that offer a mix of both full and part time positions.
Network and build relationships with ER groups
Whether you are a recent graduate or an experienced professional, you may want to network and build relationships with equity research groups. These groups are invaluable for fostering a safe workplace where employees feel comfortable bringing their full selves to work. In addition to providing access to support, these groups drive innovation and foster a sense of belonging.
The job of an equity research associate consists of a variety of tasks, including maintaining relationships with key companies in the industry, writing reports, and interacting with management teams. A successful Equity Research Associate must balance work and relationships in order to develop a reputation with institutional investors.
Equity Research Associates work on a team of three to four. Their responsibilities include analyzing data using different financial models, screening tools, and algorithms. They also ensure the quality of equity research reports.
Earn a full-time offer
Getting an equity research internship can help you decide if it is the right career for you. You may be able to get a full-time offer, too. However, it’s important to remember that the hours can vary. Some equity research professionals work 12-hour days, while others may work longer. The hours are also worse during earnings season and industry conferences.
An equity research associate typically reports to a Senior Analyst. They spend about 25% of their time modeling companies. The rest of the time, they are doing other tasks. For example, they may need to write a report right away. At the end of the day, they may also need to build a couple financial models.
Equity research professionals can also earn more than most finance professionals. They earn compensation comparable to front office investment banking jobs. They can also maintain a good work-life balance.