August 6, 2019
Do equity research analysts constantly need to monitor market data? Is 75% of their time spent speaking to external clients to give investment advice? To what extent is research and financial reports a part of their daily routine?
If you aspire to be an equity research analyst, here’s your opportunity to step into their shoes and discover how a typical day-at-work pans out for them!
While there are some differences between a buy-side and a sell-side candidate, there are general similarities for both – they tend to focus on a niche industry. Based on that, they monitor market data and news reports closely, speak to relevant companies to update their research daily and deliver recommendations afterwards.
Note: This is based on a typical day of an Equity Research Analyst in a leading investment bank (sell-side) during non-earning season. Let’s begin their day!
7am: Step into the office, coffee-in-hand
7.15am: Catch up on emails, monitor overnight market developments, finish up undone reports, prepare for client meetings
8.30am: Morning call with traders and/or sales team
10am: Prep for next few client calls
10.20am: Call with Client A, B, C (catch up on industry trends and propose various stocks to invest in)
12pm: Meet with Client D (advise and pitch before going for IPO)
12.45pm: Catch up call with Client B
1pm: LUNCH TIME! (usually a quick one around the corner or take-away)
1.45pm: Update earnings estimates and reports (run quarterly results summary, expectations vs. performance, update forecasts, etc.)
2.30pm: Call with Client E (stock investment recommendation)
3pm: Continue on previous research, find new companies to initiate research on, update company models, industry spreadsheets, writing reports, etc.
4.30pm: Internal meetings (update company models, industry spreadsheets, and marketing packs)
7pm: Time for a well-deserved dinner, or to hit the gym (if you still have the energy!)
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