| Topic Name: |
Equity Research Careers |
| Message Name: |
That is great feedba |
| Date Posted: |
04/11/2000 |
| In Reply To: |
From my experience at least at some banks the Assistant position is being phased out and most people are beginning as Associates. However, what you do and your title are two different things. Whether you serve your analyst by running to the library and copying research journal articles or independently researching and writing company reports is going to correlate directly with two things.
1)What you are capable of doing.
2)What your boss thinks you can do.
Obviously, number 2 is the most important and it could take a while to prove to your analyst that he can be confident in your work.
This field is slightly different than the other IB positions. Things you do go public. If you screw up a financial model, the whole world is going to find out about it. Also even more important than your failure is that it makes the Analyst look like a moron(if just for a moment). That is why, they just don't higher joe blow to enter information into the database or review industry reports. Also unless you have been following the companies you cover for a while. How well will you be able to support your beliefs to a broker that a company's stock price is going to rise over the next year, if you don't have a strong feel for what the company has done in the past.
If you are concerned you might serve as a copy boy talk with the analyst or whomever your direct supervisor will be.
Also many of the tasks described in the first message are things that must be done and done well. Remember the skills that make people a good Assistant are skills required as an Associate. |
| Message: |
That is great feedback, thanks. How about quant skills? I was a liberal arts major so am not a total quant geek, although I can do math. Also, i have heard that on the whole you work about 70 a week in research - what about during earnings?
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