Equity Research Associate Salary
Average Equity Research Associates in the United States make around $70K per year. With some bonuses approaching $30K and certain profit sharing proceeds approaching $15K, overall incomes of Equity Research Associates spread between $46K and $134K depending on individual performance. Geography and career length each impact pay for this group, with the former having the largest influence. Most Equity Research Associates survey respondents are men (73 percent). Job satisfaction is reported as high by the vast majority of workers. Almost all enjoy medical while a fair number get dental coverage. Vision coverage is also available to the larger part.
|Salary||$45,293 - $119,157|
|Bonus||$2,700 - $30,000|
|Profit Sharing||$300.00 - $15,400|
|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).)
|$46,477 - $134,398|
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
- 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.
Popular Skills for Equity Research Associate
Equity Research Associates who responded to the survey report just a handful of professional skills. Most notably, skills in Financial Modeling, Financial Analysis, Research Analysis, and Microsoft Excel are correlated to pay that is above average. Skills that seem to negatively impact pay include Microsoft Excel and Research Analysis. Most people experienced in Financial Analysis also know Research Analysis.
Pay Difference by Location
For Equity Research Associates, busy San Francisco offers a higher-than-average pay rate, 55 percent above the national average. Equity Research Associates will also find cushy salaries in New York (+18 percent) and Boston (+2 percent). Equity Research Associates often earn below-average salaries when they head to the heartland. Specifically, Cleveland, Minneapolis, and Chicago represent the three worst-paying cities for Equity Research Associates in the United States. Not at the bottom but still paying below the median are employers in Minneapolis and Chicago (16 percent lower and 4 percent lower, respectively).
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Key Stats for Equity Research Associate
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based on 20 votes.