5 Types of Equity Research Reports

Why is it important for equity research associates to have good writing skills? A major part of associate’s job is writing research reports and therefore, it’s critical that the associate is able to write well. The more you know about the types of reports you will be expected to write, the more prepared you will be when it comes time to interview for an associate position.

Research reports can be categorized in 5 major types:


These are the typical research reports, usually anywhere from 3 -7 pages in length. These reports are written in response to news or …

5 Strengths to Emphasize in Your Next Finance Interview

“What are your strengths?” is a very common interview question. If you are interviewing for a job in capital markets, you can be sure that you will be asked this question at least once in your interview process.

Unlike other sectors, jobs in finance usually require a very specific set of skills because most of them will require you to work with numbers without making mistakes while meeting tight deadlines. Whether you’re interviewing for a job in investment banking, equity research or sales & trading, you can also be sure that you will be working in a small team of …

Networking 101: Who should you network with?

Recently a colleague of mine looking for a new gig asked me a good question: “Should I network with people employed at my level or higher?”

If you asked me this question coming right out of school, I would have probably said that you should network with people as high in the corporate food chain as possible. Wouldn’t it be amazing to score a meeting with anyone having vice president, director or managing director title after his name? That’s what I thought at the time.

But several years later, I consider myself much wiser. And while the question of whether …

3 Things to Do This Holiday Season to Improve Your Chances of Getting a Job in Finance

The holiday season is finally here! If you have been looking for a job in finance over the past few months, this might feel like the perfect time to relax. But if you stop your job searching efforts now (even if it’s just temporarily), you might miss out on some crucial opportunities.

Here are 3 things you should do this holiday season:

  1. Network

The holidays are the perfect time to network for two main reasons. First, the holidays are the perfect excuse to connect with new people or re-connect with your existing network of contacts. People are usually less busy …

What are your weaknesses?

I’m sure you’ve read many articles online about how to answer “What are your weaknesses?” interview question. But like me, you’ve probably read a great deal of vague advice without any concrete examples. In this post, we will go over how to best answer this question when you are interviewing for a role in finance, whether it is a role in investment banking, equity research, corporate banking, sales & trading or risk management.

There are 3 simple rules to follow when answering the “weaknesses” interview question:

  1. Identify the strengths that are needed for a position for which you are interviewing

Background requirements by sector

There are many different sectors that equity research analysts cover. Below is a list of just some of these sectors:

  • Financial services
  • Banks
  • Insurance
  • Real estate investment trusts (REITs)
  • Utilities
  • Pipelines
  • Oil & Gas Exploration and Production (E&P)
  • Oil Services
  • Mining (base metals)
  • Mining (precious metals)
  • Forest products
  • Fertilizers and Chemicals
  • Transportation
  • Aerospace
  • Industrials and heavy equipment
  • IT Hardware and Semiconductors
  • IT Software and Services
  • Telecommunications and Media
  • Agriculture
  • Food and Beverage Retail
  • Apparel Retail
  • Toys and Leisure Retail
  • Auto Parts Manufacturers
  • Pharmaceuticals
  • Biotechnology

As you can see there are many different sectors and some of them can be quite …

Equity Research Interview Questions

Many people that prepare for interviews in equity research don’t have a structured approach. If you want to prepare effectively, you should know what kind of questions you will be asked at each stage of the interview process. For example, if you are going for the first round of interviews and you know you will be interviewing with the internal recruiter, then there is a slim chance that you will be asked to pitch a stock. This is because the internal recruiter will not be able to effectively evaluate your ability to pitch a stock. It is the analyst who …

Equity Research Interview Process

The interview process for an associate position in equity research typically involves four steps. You should think of the interview process as a funnel that filters out candidates at each step until only a handful of candidates are left. You must impress at every stage of this funnel, but your approach at tackling each stage of the interview process may be different. This is because each stage of the interview process is designed to test a different set of skills and as a result, you will be asked different types of questions at each stage. As such, you will have …

Your strategy to get into equity research

We have explained how the equity research recruitment process differs from investment banking here. We have also detailed how positions in equity research become available here. Now it’s time for you to develop your own strategy to get into this lucrative field by employing what you’ve learned and finding innovative ways to stand out from your competition.

The most important thing that will set you apart from your competition is being one of the first to apply for an opening within equity research. But of course you have to become aware of these openings before others catch wind …