What Does an Equity Research Associate Do? Equity Research Associate Job Description, Skills & Responsibilities
Learn about what equity research associates do each day. Discover the top Equity Research Associate Job Description, responsibilities, day-to-day skills, and requirements needed to be successful in this investment analysis role.
What is an Equity Research Associate?
An equity research associate (ERA) works at an asset management or investment firm, providing analytical and financial support to senior analysts and fund managers. Their core responsibility is conducting in-depth research and analysis on companies to uncover investment opportunities and make data-driven recommendations.
- Research and analyze assigned companies, sectors, regions
- Gather information from financial statements, regulatory filings, management calls
- Build detailed valuation and earnings models
- Create DCF, comps and other models in Excel, CapIQ, FactSet
- Draft sections of initiation and earnings review reports
- Create presentations summarizing quantitative analytics
- Aggregate data into slide decks for portfolio managers
- Coordinate across research teams and business units
Skills and Qualifications
- Bachelor’s degree in finance, accounting, economics
- 1-3 years conducting investment research and analysis
- Advanced Excel modeling skills
- Proficiency in navigating tools like Bloomberg, CapIQ, and FactSet
- Critical thinking abilities
- Problem-solving skills
- Attention to detail
- Ability to synthesize complex information
- Written and verbal communication abilities
Equity research associates play a critical support role for senior investment team members by providing the underlying analysis needed to make profitable investment decisions. Their financial modelling, research, and communication skills are vital for the job.