how to become an equity research analyst


A career in equity research is very demanding, with associates and analysts frequently working 70+ hour weeks. There is a lot of competition for positions, the compensation is solid, and the work is extremely cerebral. The organizational chart in equity research is much flatter than most other divisions, with seniority being a function of the quality of research. The two main positions are equity research analyst and equity research associate.

When we researched the most common majors for an equity research analyst, we found that they most commonly earn master’s degree degrees or bachelor’s degree degrees. Other degrees that we often see on equity research analyst resumes include doctoral degree degrees or high school diploma degrees.


Earn bachelor degree

Do an internship

Earn master degree

Take up entry level job position

Minimum Education

Bachelor degree in financial engineering, statistics, economics, financial, mathematics or econometrics.

A stock research specialist with a quantitative background usually has a master’s or doctorate degree in financial engineering, statistics, economics, financial mathematics or econometrics.


Bachelor in statistics

Bachelor in Economics

Bachelor in engineering

Bachelor in mathematics

Bachelor in econometrics

Master in Statistics

Master in economics

Master in engineering

Master in mathematics

PhD in economics

PhD in Statistics

PhD in engineering

PhD in mathematics

PhD in econometrics


Although there is no mandatory certification to work as a research analyst, typically, MBA’s, CA’s and engineers with CFA or other certifications are recruited for this position.

You can work with

Investment Banks are the main recruiters for their division of equity research. Such financial research opportunities are however, not limited to investment banking. Mutual funds, asset management firms, commercial banks, insurance companies, and pension funds all hire research analyst and associates to analyze their investment direction.


An early career Equity Analyst with 1-4 years of experience earns an average total compensation of ₹403,561 based on 63 salaries. A mid-career Equity Analyst with 5-9 years of experience earns an average total compensation of ₹770,000 per year.

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