lanter1 wrote:
How do you like equity research?
Apologies for late reply mate..i was busy with the earnings season coming up....Equity research is very good provided you have ur heart in it....It gives further career options as well like many guys here move to Pvt equity, or I banking etc, it gives u a strong hold on ur sector...But many later start losing interest in it for:
1) Stock price reco do not work in current market scenarios.....u never know how prices will trade as the economy is in recession.... u take recos made by firms in Jan 08 and u will see the targets given and the current performance do not match... so that way its bit disappointing.
2) Equity res being a sell side, few years down the line you find that in Buy side read in PE , i banking, asset management,making lots of money. u find many guys have shifted from here to that ............being a sell side analyst dont make
that much money
3) It involves lot of travelling
4) tends to get boring,,,,same companies, same sector , same modelling adjustments, same management...
One advantage in equity research is u have a better work life balance as compared to PE or I Banking...but u have to trade it off for the fat pay cheques...
Nevertheless, depends on person to person, many say they love doing same work and gaining expertise on it and improving further...
Hope it helps