Equity Research Associate Salary
Pay for Equity Research Associates in the United States sits in the ballpark of $70K per year. Total cash compensation to Equity Research Associates approaches anywhere from $45K on the lower end to $145K on the higher end; in exceptional cases, this can include more than $30K from bonuses and upwards of $21K from profit sharing. Geographic location and career length each impact pay for this group, with the former having the largest influence. Generally, women make up less than a third of all Equity Research Associates who answered the questionnnaire. Medical benefits are awarded to almost all, and a fair number earn dental coverage. The majority of Equity Research Associates claim high levels of job satisfaction. The information for this snapshot was generated by responses to the PayScale salary survey.
|Salary||$44,112 - $126,100|
|Bonus||$2,475 - $30,447|
|Profit Sharing||$301.00 - $20,608|
|Total Pay (||$45,282 - $144,828|
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.
Equity Research Associate Job Listings
Popular Skills for Equity Research Associate
Equity Research Associates typically list a handful of skills they use on the job. Most notably, skills in Financial Modeling, Financial Analysis, Research Analysis, and Microsoft Excel are correlated to pay that is above average. Skills that are correlated to lower pay, on the other hand, include Microsoft Excel and Research Analysis. For most people, competency in Financial Analysis indicates knowledge of Research Analysis.
Pay Difference by Location
Surpassing the national average by 54 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 (+18 percent) and Boston (+2 percent). For Equity Research Associates, less-than-desirable salaries can be found in the Midwest: Cleveland, Minneapolis, and Chicago offer unpopular pay rates — less than the national average for those in this field and lower than any other city in the United States as well. Not at the bottom but still paying below the median are employers in Minneapolis and Chicago (16 percent lower and 4 percent lower, respectively).
Equity Research Associate Reviews
Related Job Salaries
Key Stats for Equity Research Associate
Rated 5 out of 5
based on 25 votes.