Mid-Level

Securities Research Analyst

A research analyst covering securities — equities, fixed income, or structured products — you build the fundamental analysis and written views that institutional investors use to make trading and portfolio decisions. Sector-specialized and writing-focused.

Career Level
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Work Personality
C
I
E
S
A
R
Conventionalorganizing, detail-oriented
Investigativeanalytical, curious
Based on Holland Code framework
Job markets for Securities Research Analysts
Employment concentration · ~400 areas
Based on employment in related occupations
Mapped SOC categories:
BLS Occupational Employment Statistics
What it's like

What it's like to be a Securities Research Analyst

Days tend to mix company modeling, channel checks, written notes, and the steady cadence of market and management conversations — building three-statement models, attending earnings calls, talking to industry contacts, drafting research that PMs and traders will read on the morning call. You're often defending a published view that someone will challenge in three sentences. Notes published and PM engagement are the indirect measures.

The harder part is often the asymmetry of public-facing research — a single high-profile wrong call shapes a career in ways many right calls don't fully offset. Sell-side and buy-side variance is meaningful: sell-side publishes broadly under regulator cadence; buy-side serves a smaller PM set with internal-only research.

The role tends to suit people who are patient with documents, confident in defending a view, and humble about uncertainty. CFA credentialing anchors advancement, often paired with sector specialization. The trade-off is the earnings-season grind — quarterly cycles compress repeatedly, and the next quarter's prep starts before the last one closes.

Work values data not available for this role.
✦ Editorial — written by Truest from industry research and career patterns
Career Paths

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

$239K$179K$119K$60K$0KLower paying387 metro areas, sorted by salary level
All experience levels1
This level's estimated range
INDUSTRIES PAYING ABOVE AVERAGE
1 BLS OEWS May 2024 covers all Securities 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.
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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 this category is 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
13-2051.0013-2054.00

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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.