Equity Research Associate Salary
For Equity Research Associates, yearly average wages total $70K annually. Total cash compensation to Equity Research Associates approaches anywhere from $46K on the lower end to $125K on the higher end; in exceptional cases, this can include more than $26K from bonuses and upwards of $11K from profit sharing. Location is the biggest factor affecting pay for this group, followed by years of experience. Medical benefits are awarded to nearly all, and a strong majority earn dental coverage. Job satisfaction is reported as high by the vast majority of workers. Most Equity Research Associates survey respondents are men (75 percent). The information for this snapshot was generated by responses to the PayScale salary survey.
|Salary||$45,201 - $100,945|
|Bonus||$2,466 - $25,991|
|Profit Sharing||$303.04 - $10,948|
|Total Pay (||$46,339 - $125,084|
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.Read More...
Employment in this position requires a strong background in finance (specifically geared toward corporate research), familiarity with index funds and trading stocks, and experience performing in-depth analyses of securities, bonds, and investment banking. A bachelor's degree in finance or a related field is generally the minimal education requirement. Research abilities are crucial to this position, as industry standards and regulations constantly change. Equity research associates must be familiar with trading language and have at least a basic understanding of foreign financial markets. Proficiency or fluency in a language other than English may be needed as well. They must have proficiency with basic computer programs such as Microsoft Excel.
Equity Research Associate Tasks
- 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.
- Analyze macroeconomic and industry data, source and map market research to assess and describe current and long term trends,
- 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.
Popular Skills for Equity Research Associate
Survey takers who work as Equity Research Associates typically report just a few professional 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. For most people, competency in Financial Analysis indicates knowledge of Research Analysis.
Pay Difference by Location
Surpassing the national average by 56 percent, Equity Research Associates in San Francisco receive some of the highest pay in the country. Equity Research Associates will also find cushy salaries in New York (+12 percent) and Chicago (+4 percent). Equity Research Associates in Cleveland take home the lowest salaries, earning a whopping 34 percent less than the national average.
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Key Stats for Equity Research Associate
Rated 5 out of 5
based on 20 votes.