How to Become an Equity Research Analyst

How to Become an Equity Research Analyst thumbnail
An equity research analyst must have a deep and current knowledge base about financial markets.

Equity research analysts typically work at top banks, investment funds, and other money management institutions, and are paid a very high salary ($80,000+ per year). Consequently, these positions are highly competitive and open only to the most qualified candidates. Becoming an equity research analyst typically requires acquiring at least a Minor in Economics from an accredited university, working at a finance internship for a period of time and then applying for an equity research analyst job position.

Instructions

    • 1

      Achieve at least the equivalent of a Minor concentration in Economics from an accredited institution. A Minor in Economics typically includes Microeconomics, Macroeconomics, Microeconomic Theory, Macroeconomic Theory, and then one other course of your choice. For equity research, it is recommended that your fifth course be on Financial Markets. (References 1)

    • 2

      Update your resume to make it "finance ready." A finance ready resume is one page long, extremely concise, uses only active verbs when describing your experiences. It should also look professional. Consult with a book on resumes from your local library for a slew of useful single-page resume design templates.

    • 3

      Apply for an equity research internship with a major bank, investment fund or other money management institution. Information about these internships is usually available on these firms' websites.

    • 4

      Complete the internship and update your resume again following its conclusion.

    • 5

      Apply for an equity research analyst position. Contact your previous internship provider first and ask if there are any equity research positions available. Contact your previous colleagues and ask if they know of any emerging opportunities. If neither set of contacts are able to help secure you a position, then scour the major search engines (Google, Yahoo, etc.) for "equity research analyst jobs." efinancecareers.com and jobsinthemoney.com are two other websites that can help you find equity research opportunities.

Tips & Warnings

  • For more information about getting into finance, read at and visit Vault.com, the definitive website for breaking into various industries.

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References

Resources

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