Equity Research Associate Salary

The average Equity Research Associate in the United States can expect to rake in roughly $67K annually. Total cash compensation to Equity Research Associates bottoms out near $46K and approaches $113K on the high end; the biggest paychecks include approximately $25K from bonuses and almost $15K from profit sharing. Geography is the biggest factor affecting pay for this group, followed by years of experience. Work is enjoyable for Equity Research Associates, who typically claim high levels of job satisfaction. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to the greater part. The vast majority of Equity Research Associates (86 percent) who took the survey are men. The data in this summary comes from the PayScale salary survey.

$44,808 - $93,133
MEDIAN: $66,840

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National Salary Data (?
XAll compensation data shown are gross 10th to 90th percentile ranges. Take the PayScale Survey to find out how location influences pay for this job.
$44,808 - $93,133  
$1,943 - $24,974  
Profit Sharing
$2,436 - $15,205  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
$46,034 - $113,284  
Country: United States | Currency: USD | Updated: 12 Jan 2016 | Individuals Reporting: 257
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Job Description for Equity Research Associate

Equity research associates support senior equity analysts in the research process, generating information, ideas, and reports. They create, distribute, and update financial models, as well as generate reports on companies and other entities of interest. These associates must be able to perform analysis on market events - and other significant events - as required by senior analysts and other managers. This position occasionally involves communicating financially dense material into common language for clients, prospective clients, and other employees. Equity research associates must regularly work with clients (either directly or in providing information to colleagues), answering their questions and responding to their needs.


Equity Research Associate Tasks

  • Prepare and deliver proprietary market research reports on specific industry for distribution to sophisticated institutional money managers.
  • Conduct thorough primary and secondary research and due diligence via SEC filings, company press releases, industry trade publications, Wall Street research notes and quarterly company conference calls.
  • Analyze macroeconomic and industry data, source and map market research to assess and describe current and long term trends,
  • Conduct grass roots surveys of industry-specific domestic and international players.
  • Conduct/compile financial statement analysis and forecasts for use in company updates and recommendations to clients.

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Popular Skills for Equity Research Associate

Survey takers who work as Equity Research Associates usually report a few specific skills. Most notably, skills in Financial Modeling, Financial Analysis, Microsoft Excel, and Research Analysis are correlated to pay that is above average. Skills that are correlated to lower pay, on the other hand, include Research Analysis and Microsoft Excel. It is often found that people who know Financial Analysis are also skilled in Research Analysis.

Pay Difference by Location

National Average: $75,285

Larger city markers indicate a job is popular in that location.

For Equity Research Associates, busy New York offers a higher-than-average pay rate, 21 percent above the national average. Equity Research Associates will also find cushy salaries in San Francisco (+16 percent). Equity Research Associates in Cleveland, Minneapolis, and Chicago — the lowest-paid cities for Equity Research Associates in the Midwest and the United States — deal with compensation below the national average. Employers pay around 14 percent less in Minneapolis and 2 percent less in Chicago, below-median salaries for those in this field.

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Experience Affects Equity Research Associate Salaries

up arrow 41%

National Average

Skills That Affect Equity Research Associate Salaries

Financial Analysis
up arrow 2%

National Average

Research Analysis
up arrow 4%

Microsoft Excel
up arrow 4%

Job Satisfaction

Highly satisfied
Rated 4 out of 5
based on 40 votes.


14 %
86 %

Years of Experience

Less than 1 year
1-4 years
5-9 years
10-19 years
20 years or more

Common Health Benefits

medical benefits
Medical: 87%
dental benefits
Dental: 71%
medical benefits
Vision: 57%
dental benefits
None: 12%