Equity Research Associate Salary
Equity Research Associates in the United States can expect wages of $70K per year on average. With some bonuses approaching $31K and certain profit sharing proceeds approaching $21K, overall incomes of Equity Research Associates spread between $45K and $145K depending on individual performance. Geographic location and experience level each impact pay for this group, with the former having the largest influence. Work is enjoyable for Equity Research Associates, who typically claim high levels of job satisfaction. Most Equity Research Associates survey respondents are men (73 percent). A large number report receiving medical coverage from their employers and a fair number collect dental insurance. This report is based on answers to PayScale's salary questionnaire.
|Salary||$43,899 - $128,820|
|Bonus||$2,576 - $33,633|
|Profit Sharing||$302.01 - $20,608|
|Total Pay (||$44,724 - $146,816|
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. (Copyright 2017 PayScale.com)
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.
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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, Research Analysis, and Microsoft Excel are correlated to pay that is above average. Skills that pay less than market rate include Microsoft Excel and Research Analysis. Most people familiar with Financial Analysis also know Research Analysis.
Pay Difference by Location
For Equity Research Associates, San Francisco provides a pay rate that is 55 percent greater than the national average. Equity Research Associates will also find cushy salaries in New York (+18 percent) and Boston (+2 percent). Cleveland, Minneapolis, and Chicago — each tucked away in the Midwest — report salaries below the national rate for Equity Research Associates, labeling the region an undesirable location for those looking to make more money in this profession. A couple other locations with smaller-than-average paychecks include Minneapolis (16 percent lower) and Chicago (4 percent lower).
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Rated 5 out of 5
based on 24 votes.