Equity Research Associates in the United States can expect to earn an average of $70K annually. Total cash earnings of Equity Research Associates range from $46K on the low end to $120K on the high end; the final amount can include bonuses and profit sharing proceeds that occasionally exceed $26K and $11K, respectively. Geographic location is the biggest factor affecting pay for this group, followed by career length. The majority of workers are highly satisfied with their job. Male Equity Research Associates are far more common among survey respondents than their female counterparts, who typically comprise less than one-third of the field. Most enjoy medical while a strong majority get dental coverage. Vision coverage is also available to the greater part. This overview is based on answers to PayScale's salary questionnaire.

$44,960 - $98,814
MEDIAN: $69,665

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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.
$44,960 - $98,814  
$2,061 - $25,799  
Profit Sharing
$303.04 - $10,948  
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).
$45,728 - $119,878  
Country: United States | Currency: USD | Updated: 28 Oct 2016 | Individuals Reporting: 148

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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

  • 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.

Equity Research Associate Job Listings

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Popular Skills for Equity Research Associate

Typical 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. At the other end of the pay range are skills like Research Analysis and Microsoft Excel. Most people skilled in Financial Analysis are similarly competent in Research Analysis.

Pay Difference by Location

National Average: $77,892

Larger city markers indicate a job is popular in that location.

Equity Research Associates will find that San Francisco offers an impressive pay rate, one which exceeds the national average by 35 percent. Equity Research Associates will also find cushy salaries in Chicago (+14 percent) and New York (+9 percent). Compared to the national average, Cleveland Equity Research Associates have considerably lower salaries, 33 percent below the national average to be exact. Location appears to be a major driving force in pay for those in this profession.

Related Job Salaries

Years in Fields/Career:
United States (change)

Experience Affects Equity Research Associate Salaries

up arrow 37%

National Average

Skills That Affect Equity Research Associate Salaries

Financial Modeling
up arrow 4%

Financial Analysis
up arrow 2%

National Average

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 17 votes.


24 %
76 %

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%
medical benefits
Vision: 66%
dental benefits
None: 10%