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Equity Research Associate Salary

Average Equity Research Associates in the United States make around $65K per year. With some bonuses approaching $25K and certain profit sharing proceeds approaching $11K, overall incomes of Equity Research Associates spread between $46K and $115K depending on individual performance. Career length and the particular city each impact pay for this group, with the former having the largest influence. Equity Research Associates who took the survey are largely men, dominating at 83 percent. Job satisfaction is high and work is enjoyable for most Equity Research Associates. A large number report receiving medical coverage from their employers and a fair number collect dental insurance. This snapshot results from replies to PayScale's salary survey.

$44,023 - $94,789
MEDIAN: $64,634

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
$44,023 - $94,789  
$1,952 - $24,861  
Profit Sharing
$1,846 - $11,328  
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).
$45,896 - $115,483  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 256

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United States (change)

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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.

Equity Research Associate Job Listings

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Popular Skills for Equity Research Associate

Survey takers who work as Equity Research Associates report a focused set of job 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. The majority of those who know Financial Analysis also know Research Analysis.

Pay Difference by Location

New York is home to an above-average pay rate for Equity Research Associates, 26 percent higher than the national average. Equity Research Associates will also find cushy salaries in San Francisco (+8 percent). The lowest-paying market is Minneapolis, which sits 9 percent below the national average. Employers pay around 9 percent less in Boston and 6 percent less in Chicago, below-median salaries for those in this field.

Related Job Salaries

United States (change)

Experience Affects Equity Research Associate Salaries

up arrow 44%

National Average

Skills That Affect Equity Research Associate Salaries

Financial Analysis
up arrow 2%

National Average

Microsoft Excel
up arrow 1%

Research Analysis
up arrow 3%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 57 votes.


17 %
83 %

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: 89% dental benefits Dental: 74%
vision benefits Vision: 56% employee benefits None: 10%