Equity Research
- 564
- questions
New to this? Read the lessons first. 6 tracks, in the order to learn them.
Open LearnDrill sets9 sets
- All topics564 questionsMixedEvery topic in one set, shuffled, the way a real interview jumps from your story to a DCF to a market question.Sign in to save scoresStart this set
- Behavioral, HireVue33 questionsInsight HireVueThe recorded first round for insight and sophomore programs.Sign in to save scoresStart this set
- Behavioral98 questionsBehavioralsWhy research, why sell side or buy side, why this sector, and the STAR questions.Sign in to save scoresStart this set
- Technicals76 questionsAccountingReading the statements the way an analyst does: quality of earnings, adjustments, and what management is hiding.Sign in to save scoresStart this set
- Technicals68 questionsValuationMultiples, DCF, sum of the parts, and setting a price target you can defend.Sign in to save scoresStart this set
- Modeling75 questionsEarnings modelsBuilding revenue from drivers, updating for a quarter, guidance, and consensus.Sign in to save scoresStart this set
- Markets83 questionsStock pitchA rating, a target, a variant view, catalysts, and the pushback that follows.Sign in to save scoresStart this set
- Markets84 questionsSector knowledgeThe metrics that matter by sector and how to learn a new industry fast.Sign in to save scoresStart this set
- Behavioral80 questionsNotes and clientsWriting a first take, talking to investors, and handling management and compliance.Sign in to save scoresStart this set
More ways to practice
- Cases7 cases played step by step, with exhibits, the math, and a model answer. The first is free.
- Voice mockAn interviewer asks out loud and you answer out loud.
- Timed interviewsA first round and a superday on the clock, scored at the end.
- Modeling testsBuild the model in a sheet against the clock.
- Terms63 Equity Research terms, each with a worked example.
- Company sets11 firms, how each one interviews and what it asks.
How the interview runs5 stages
- 1ApplicationResume and sometimes a short stock pitch or writing sample. Some banks ask which sectors interest you.
- 2HireVue or phone screenBehavioral prompts plus why research and a stock you follow. Recruiters screen for writing and genuine market interest.
- 3First roundAn associate or analyst on the team. Your resume, why research over banking, accounting and valuation basics, and a stock pitch you can defend for ten minutes.
- 4Superday and written caseMeetings with the senior analyst and associates, often a timed written exercise: read an earnings release or 10-Q, update a view, and write a short note. Expect sector questions for the team you would join.
- 5OfferUsually placed on a specific sector team, so the team fit decides it as much as the technicals.
What gets askedShare by topic
- Stock pitch and thesis defense30%
Read next
- Ask an equity researcher anything!An AMA covering what sell side research does day to day and how juniors get in.WSO
- A Day in Life of My Sell-side DaysA first person walk through of a normal day on a sell side research team.WSO
- ER time line and ways to break in helpExplains that ER recruiting runs later and less uniformly than IB and which routes work for undergrads.WSO
- Breaking into Equity ResearchA recent thread with 70 plus comments on what research teams look for and what to work on in your own time.Reddit