Equity Research Associate Salary

Pay for Equity Research Associates in the United States sits in the ballpark of $65K annually. Including potential for bonuses and profit sharing — peaking near $24K and $11K, respectively — total cash payment to Equity Research Associates can bottom out near $46K or peak near $110K depending on individual performance. Career length is the biggest factor affecting pay for this group, followed by geography. Among survey respondents, men are more common than women; 85 percent of Equity Research Associates are male. Medical benefits are awarded to most, and a strong majority earn dental coverage. Job satisfaction is reported as high by the vast majority of workers. The figures in this rundown are based on the results of PayScale's salary questionnaire.

$44,555 - $92,092

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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.
$44,555 - $92,092  
$1,550 - $24,361  
Profit Sharing
$2,424 - $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).
$45,943 - $109,879  
Country: United States | Currency: USD | Updated: 20 Sep 2015 | Individuals Reporting: 243
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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 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. Most people experienced in Financial Analysis also know Research Analysis.

Pay Difference by Location

For Equity Research Associates, working in the bustling city of New York has its advantages, including an above-average pay rate. Minneapolis is home to the smallest salaries in the field, lagging the national average by 3 percent. A couple other locations with smaller-than-average paychecks include Chicago (3 percent lower) and Boston (2 percent lower).

Related Job Salaries

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Experience Affects Equity Research Associate Salaries

up arrow 46%

National Average

Skills That Affect Equity Research Associate Salaries

Financial Analysis
up arrow 3%

Microsoft Excel
up arrow 1%

National Average

Research Analysis
up arrow 2%

Job Satisfaction

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


15 %
85 %

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: 86% dental benefits Dental: 71%
vision benefits Vision: 55% employee benefits None: 13%