Equity Research Analyst (NO UNDERGRAD) --> IBD?
Hello,
Hope you're all well. Looking for some advice here as a pre-university student.
I'm looking at next steps, and it appears to me that there's a basic entry-level role for an Equity Research Analyst at a BB that I can apply to. My main goal would be going through to a field like M&A, though; this is something I feel I would enjoy more and be better suited to. I enjoy the client-facing aspect & the fact that I could also move into M&A consultancy from here.
I'm just wondering the feasibility of going from a equity research analyst, into this role & trying to move into something like M&A without the leverage of a degree.
The positive is, is that this role involves shadowing of the analyst positions in sales or similar - which I guess would be the port of call I would be using to leverage into a Front Office role.
If I'm wrong, I apologise - I would greatly appreciate any corrections - and any advice in general regarding this situation as I feel a bit lost.
is the ER position something akin to an apprenticeship? i.e. 3 year program leading to a "graduate" role in ER?
if so, yes ER -> M&A is perfectly doable without a degree
Hey, no it isn't. But, I'd assume if I do well on the first portion of the course I would be able to hold down my position as an apprentice for that length, at least. Does this change anything?
Going to outline a risk for you. A lot of electronic applications have auto-dings in place. Not a guarantee, but a solid chance for positions that traditionally require a degree that you will get auto-dinged if you don’t list a degree. Not a guarantee, but consider this a risk in your plan.
Great point. I'm wondering - maybe I ask for one to be sponsored (later down the line, if I landed this)? It's one of my personal goals to get an MBA too. Which I'll definitely need a degree for (to do an MBA at a top university).
Trust me there is no BB in London where you're gonna be a legit ER analyst without a degree.
I'm gonna go out on a limb and guess this is the MS ER apprenticeship scheme. It is *NOT* ER.
What is it, in this case?
I won't talk much more about specifics but trust me, it is not FO ER. It is a support role. There is no route to ER or M&A or whatever.
If you want to work in ER or M&A, go to uni. Finance is not yet in a place (and might not ever be) where it is accepting of those who have not done their time in further education.
ER is front office
Sorry, I worded poorly. I meant moving from ER + no degree into the M&A field.
Like what another user has said, this is not a proper ER role, it sounds like a back office apprenticeship. Go to university if you ever want to work in IBD
Thanks for this.
I got it. Thanks for the help!
Not a single ER department at a bank (BB or not) would take a person without a college degree. So what ever ER apprenticeship program you’re referring to is most likely not the ER position that we know of.
Hey, I was referring to Morgan Stanley's programme. It's level 4. They run one with a worldwide apprenticeship provider.
Thanks for the input, won't progress it.
Any way to differentiate roles of a front-office and a back-office/mid-office role?
It mentioned support of the sales team which I'd presume. Apart from that it was to do with processing broker votes, or something similar - which sounded a bit more mid-back office work now I think of it.
I know exactly what this is as these apprentices work in my dept. It is quite simply a support role on collating broker votes, assisting on the admin for webcasts/expert calls we host and scheduling for marketing trips the lead analysts make. Please note, it is not a front office revenue generating role and you will not be an equity research analyst.
There is 0% chance any remotely reputable shop would ever take someone w/out a bachelor's degree
Hello, Thanks for the input. It's been helpful to understand more senior people's understanding on this. I'm very new to this.
Id labore esse et est repellendus. Soluta officia commodi aliquid quisquam distinctio necessitatibus sed. Sunt impedit eos repellat mollitia. Molestias similique et amet dicta. Accusamus quia assumenda ut beatae deserunt voluptatem consequatur ratione.
Id perspiciatis ab quia amet. Quibusdam doloremque impedit qui delectus voluptatibus autem ad. Et qui fuga minima.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...