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Equity Research Associate Salary

Median pay for Equity Research Associates in the United States is around $65K annually. Total cash compensation to Equity Research Associates approaches anywhere from $46K on the lower end to $116K on the higher end; in exceptional cases, this can include more than $25K from bonuses and upwards of $11K from profit sharing. Career duration is the biggest factor affecting pay for this group, followed by geography. Most report receiving medical coverage from their employers and a strong majority collect dental insurance. For the most part, Equity Research Associates enjoy their work and report high levels of job satisfaction. The vast majority of Equity Research Associates (81 percent) survey respondents are men. The data for this synopsis comes from respondents who took the PayScale salary survey.
$43,494 - $95,258
MEDIAN: $65,121

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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.
$43,494 - $95,258  
$2,048 - $25,434  
Profit Sharing
$1,825 - $11,484  
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).
$46,200 - $116,455  
Country: United States | Currency: USD | Updated: 11 Dec 2014 | Individuals Reporting: 276
United States (change)

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

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 pay less than market rate include Research Analysis. Most people experienced in Financial Analysis also know Research Analysis.

Pay Difference by Location

For Equity Research Associates, New York provides a pay rate that is 25 percent greater than the national average. Equity Research Associates will also find cushy salaries in San Francisco (+7 percent). Those in the field find the lowest salaries in Boston, 10 percent below the national average. Employers in Minneapolis and Chicago also lean toward paying below-median salaries (10 percent lower and 9 percent lower, respectively).

Related Job Salaries

Experience Affects Equity Research Associate Salaries

up arrow 39%

National Average

Skills That Affect Equity Research Associate Salaries

Financial Modeling
up arrow 4%

National Average

Financial Analysis
up arrow 1%

Microsoft Excel
up arrow 1%

Research Analysis
up arrow 4%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 75 votes.


19 %
81 %

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: 73%
vision benefits Vision: 54% employee benefits None: 10%