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Careers›Roles›Equity Research Analyst
Mid-Level

Equity Research Analyst

A research analyst covering equities — public companies whose stocks trade in capital markets — you build the financial models, channel-check insights, and written views that drive institutional investment decisions. Often sector-specialized.

Career Level
Junior
Mid
Senior
Director
VP
Executive
Work Personality
C
I
E
S
A
R
Conventionalorganizing, detail-oriented
Investigativeanalytical, curious
Based on Holland Code framework
Industries that often hire Equity Research Analysts
Financial Services · 44%Professional Services · 14%Manufacturing · 5%Government · 3%Technology & Information · 3%Administrative Services · 3%
Job markets for Equity Research Analysts
Where Equity Research Analyst jobs concentrate · ~400 metro areas
Based on employment in related occupations
Mapped SOC categories:
Business Operations
BLS Occupational Employment Statistics
Jump to:What it's likeCareer pathsBy the numbers
What it's like

What it's like to be a Equity Research Analyst

Most weeks tend to involve company modeling, management calls, industry diligence, and the steady cadence of writing — building three-statement models, attending conferences, talking to industry contacts, drafting initiation reports and earnings updates. You're often defending a published view in writing under management's pushback. Notes published, accuracy of estimates, and PM engagement tend to be the indirect measures.

What surprises people new to the role is the reputational permanence of published research — calls live in databases forever, and a wrong thesis on a major name is professionally visible for years. Sell-side and buy-side rhythms differ sharply: sell-side publishes broadly under regulator cadence; buy-side serves a tighter set of PMs with less public exposure.

Folks who do well here often have financial fluency and the writing discipline to defend a view succinctly — both halves matter. CFA credentialing typically anchors advancement, paired with sector depth. The trade-off is the earnings-season compression — quarterly cycles eat weeks four times a year, and the next one starts before the last finishes.

What people in this role value
Work values data not available for this role.
✦ Editorial — written by Truest from industry research and career patterns

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Career Paths

Where this role sits in the broader career landscape — and where it can take you.

Earning potential across this track
$239K$179K$119K$60K$0KLower paying387 metro areas, sorted by salary level
All experience levels1
This level's estimated range
INDUSTRIES PAYING ABOVE AVERAGE
Technology & Information$101K+9%
Energy & Utilities$100K+8%
Professional Services$98K+6%
Financial Services$83K-11%
Government$76K-17%
Compared to Business Operations average across all industries
1 BLS OEWS May 2024 covers all Equity Research Analysts (SOC 13-2051.00, 13-2054.00), not just this title · BEA RPP 2023
* Top salaries exceed this figure. BLS caps reported wages at ~$240K to protect individual privacy in high-earning roles.
Related rolesExplore Business Operations →
Equity Research AnalystLoss Prevention Operations ManagerEquity TraderOperational Risk ManagerPortfolio ManagerSecurity ConsultantMutual Fund AccountantFinancial Systems AnalystTrust OfficerMoney ManagerChartered Financial Analyst (CFA)Investment BankerInvestment OfficerAcquisition AnalystRisk ManagerSecurities ConsultantAnalystBank and Savings Securities TraderFinancial AnalystFinance AnalystTreasury AnalystBond AnalystSecurities AnalystSecurities Research AnalystCorporate Securities Research Analyst+1 more

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✦ Editorial — career progression and interview guidance based on industry patterns
The Broader Landscape

Roles like this one sit within a broader occupational category. The numbers below reflect that full landscape — helpful for context, but your specific experience will depend on level, specialty, and where you work.

$62K–$182K
Salary Range
10th – 90th percentile
397K
U.S. Employment
+6.1%
10yr Growth
30K
Annual Openings

How Equity Research Analyst pay & employment are changing

$74K$71K$68K$65K$62K201920202021202220232024$62K$74K
BLS OEWS May 2024 · BLS Employment Projections 2024–2034

Skills & Requirements

No skills data available

O*NET OnLine · Bureau of Labor Statistics
Mapped SOC Codes
13-2051.0013-2054.00

Explore related roles

Roles with similar work and overlapping career paths

seniorSenior Equity Research Analyst$104KdirectorResearch Director$133KmidLoss Prevention Operations Manager$137KmidEquity Trader$78KmidOperational Risk Manager$104KmidPortfolio Manager$104K
View all Business Operations roles →

Common questions about what it's like to be an Equity Research Analyst

What does an Equity Research Analyst do?

A research analyst covering equities — public companies whose stocks trade in capital markets — you build the financial models, channel-check insights, and written views that drive institutional investment decisions. Often sector-specialized.

How much does an Equity Research Analyst make?

Median pay for an Equity Research Analyst is about $104K nationally, with the field ranging roughly from $62K to $182K depending on experience, employer, and metro (BLS).

Is an Equity Research Analyst in demand?

Employment in this field is projected to grow about 6.1% through 2034, with roughly 396,900 people working in it today (BLS).

What jobs are similar to an Equity Research Analyst?

Closely related roles include Senior Equity Research Analyst, Research Director, and Loss Prevention Operations Manager.

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Federal data: BLS Occupational Employment & Wage Statistics (May 2024) · BLS Employment Projections · O*NET OnLine
Truest editorial: Fit check, role profile, things that vary, advancement analysis, lateral moves, interview questions.

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