Black Swan Wrote:
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> Yeah, I have yet to meet someone in ER who doesn’t
> have a top degree, so I wouldn’t use that as a
> source of differentiation. What was your front
> office experience? You’re being very vague about
> it so I’m guessing sales. Plus if it was IB or
> ER(the only ones that matter) you wouldn’t have to
> be asking us this dumb question. As they said,
> it’s a flood of people trying to get in so the
> compensation is subject to supply & demand. As
> you become a more experienced associate, they will
> raise your pay. A top associate may make 200k in
> NYC if they have a few firms of their own
> coverage. At the analyst level, it’s a whole new
> payscale. Anyhow, you should take a look at your
> motives to do ER and how enthusiastically you want
> this position. Those are typically the deciding
> factors for picking from a pool of qualified
> candidates. Oh, and I def agree with Numi.
This is definitely on point – totally concur with what Black Swan says, and I can also confirm the salary numbers. Also, I remember that the original poster also asked about financial modeling books the other day. FYI, if you are interviewing for equity research and don’t know how to build a basic, fully-integrated three-statement financial model, then your skill set and qualifications are essentially entry level. I’d be surprised if you can get a job in equity research these days as an “experienced” hire if you don’t know how to work a financial model.