Resource Center

The most highly acclaimed and comprehensive learning tool available, Best Practices for Equity Research Analysts, currently in its 8th printing, is an on-the-job reference filled with the practical knowledge and specific tasks buy-side and sell-side equity analysts need to claim their place among the most highly regarded in their industry.

A Former JP Morgan Equity Analyst gives a basic overview of what equity research is, different job roles, important skills, how to approach completing a research report, and exit opportunities. It also introduces some of the basic equity research vocabulary.

This article from Investopedia explains the typical daily tasks that an equity research analyst completes. Also briefly discusses career opportunities.

This resource provides two videos from Wall Street Prep on how to create a Discounted Cash Flow (DCF) model in Excel. The videos are step by step and provide a downloadable file to follow along.

This report from the CFA Institute helps to understand the basic outline for an equity research report. It explains to the reader all of the main sections in a report and what to include in each.

The article from The Wall Street Journal discusses the top skills they found from surveying analysts. They found two key areas, “Contacts and Commitment” as well as “Contrarianism and Conviction”, in which they breakdown each with a thorough explanation. (Will need WSJ subscription to read.)

The article from Wall Street Prep discusses equity research from a high level. It also compares equity research and investment banking on various areas such as compensation and quality of work.

This article from Wall Street Prep deconstructs the difference between relative and intrinsic valuation as well as the role of multiples within those contexts. It also explains and gives an example using a specific multiple.

The article is a summary by McKinsey & Company’s predictions on equity research going forward. It goes on to explain the changing landscape in the industry and the likely changes due to the MiFID II regulation.

This article from the CFA Institute gives tips on how to discern information from financial news. It breaks news down by posing questions to ask while reading, advice on avoiding biases and politics, as well as gives good resources for financial news with a summary for each.