| RESEARCH
Functional
Area Description
Job
descriptions
Sell
Side Research (BBA)
Sell
Side Research (MBA)
Asset
Management
What
I Didn’t Know
Officer
Contact Information
Functional
Area Description
Equity Analysts conduct "fundamental" research, which can provide significant foresight regarding equity securities and, increasingly, convertible and high-yield instruments. Fundamental research includes assignment of major factors and trends driving an industry's growth prospects, analysis of individual companies' positions within an industry, detailed company-specific financial analyses and forecasts and valuation of the companies' securities in the marketplace. In addition to specific company reports, analysts publish comprehensive industry reports, weekly and monthly industry updates, and specific reports on products such as convertible securities.
To the outsider, it seems that research analysts spend their time in a quiet room poring over numbers, calling companies, and writing research reports. The truth is an entirely different story, involving quite a bit of selling on the phone and on the road. Analysts produce research ideas, hand them to associates and assistants, and then man the phone talking to buy-side stock/bond pickers, company managers, and internal salespeople. They become the managers of research reports and the experts on their industries to the outside world. Thus, while the lifestyle of the research analyst would initially appear to resemble that of a statistician, it comes closer to that of a diplomat or salesperson.
[Vault.com]
Job
Descriptions
Sell Side Research (BBA)
Analyzing financial statements, gathering statistical information, and maintaining industry data and company comparative data used in fundamental industry analysis.
> Skills required include proficiency in excel, word, other computer applications, ability to communicate quickly and effectively, a profuse amount of curiosity, and an affinity towards the stock market.
Sell Side Research (MBA)
As an Equity Research Associate, you will conduct intensive company and industry research; create finance models and projections; prepare written research products and market investment recommendations to internal and external clients.
> Strong analytical, quantitative, and communication skills. Ability to think critically in a demanding environment. Ability to work well with others in a faced-paced environment. Thrive on competitive pressures. A keen interest in the global financial markets.
Asset Management
In most cases, the Summer Intern will assume analytical responsibility for an industry or group of companies. Written and verbal purchase or sale recommendations will be made directly to portfolio managers. The intern will also prepare an industry review. Preparation for the recommendations will involve interviewing company managements,
communicating with research analysts in the brokerage community, and applying economic and industry analysis to the implementation of investment ideas.
> Skills required are similar to sell side research, except it may vary depending on the type of firm (quantitative shop, fundamental, technical).
What
I Didn't Know
To be updated soon...
Officer Contact Information
Peter Keith
pjkeith@umich.edu
|
