Underrated channel, thanks for the insight Kevin - looking forward to future videos. Would definitely be interested on what the interview process/breaking into ER is like, how career progression looks, and exit Opps too.
What is your mental model for staying in the sell-side vs. moving over to the buy-side, e.g. joining a fund? Is there an adverse selection effect for analysts who do not eventually move over since one would assume the best analysts would be putting their money where their mouth is.
they're different roles that work together, I've seen buy-side to move to sell-side, as well as sell-side to buy-side. I don't think there's adverse selection effect, plenty of sell-side analysts (and buy-side) get paid very well
Yes! Don't let your school influence your future potential, that's very silly. And no CFA is not required - you just need to build the foundational skills and ability to communicate it!
@@henrychien4 Thank you for your reply I thought that in order to break in we need to go to a target school that’s what has been stopping me. Thank god about the cfa as well I heard it’s hard exam to pass and I thought that was a requirement. Is there like a course where someone can take to learn the necessary skills to break into equity research?
@@eddierosario1537 Yes - the Stock Investor Accelerator program I offer teaches the knowledge & skills required for equity research. You can check it out here: learn.henrychien.com/SIA-website. If you'd like to chat I'm happy to help discuss if this is the right program for you. Just send me an email (address at bottom of page) or use the chat function (also on the page)!
@@henrychien4 I just purchase an equity research course two days ago I wish I would have seen this message but is there any way I can still connect with you? I really want to break into equity research and I’m currently trying to take the necessary steps to break in.
for traders, yes but that's just the stock reaction to the release (1-2 days), the more detailed buy/sell for next few months, might take 2-3 hours or more, post earnings, but remember we're working with a base of knowledge about the company & industry
Would you say this career would be incompatible with someone that has to prayer 5 times a day (Muslim, can pray in office, but Friday congregational prayers)?
totally compatible - I mean it takes like 1-2 minutes to pray I'm assuming? I mean we have to go the bathrom we can't be glued to the screens all day haha. So yes - especially because there's a rhythm to markets that you can anticipate quiet vs. busy periods, just got to be strategic with time. There's the no interest thing though with Sharia law though which is technically incompatible but there's obviously Islamic finance that exists.
@@henrychien4 Thank you for the insight, Henry. Yes, 5-6 minutes of prayer within a time slot so planning time would be possible. I did not think the interest aspect would be forbidden in ER, since we are basically making investment recommendations and not directly involved in interest-backed loans. Now if there is direct involvement in something like debt-based capital, then yes it would be better to avoid it. Am I incorrect in assuming there would be no such involvement?
@@bigbeard6676 yes correct if its stock recommendation, its equity, not debt. No interest unless its a preferred equity but that's not that common for equity research.
Sir please guide me on how to get a job as equity research analyst please im stuck after doing bba and i dont know what to do please it would be really helpful if i get guidance
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I'm a biotech equity research associate. This is 100% accurate, especially during peak earnings
thanks for watching!
Underrated channel, thanks for the insight Kevin - looking forward to future videos. Would definitely be interested on what the interview process/breaking into ER is like, how career progression looks, and exit Opps too.
Thanks Raymond for watching and the suggestions!! Also it’s Henry :)
Henry*… omg I’m so sorry 😭. Why did I see Kevin…
Haha all good!
@@raymondc.8579 haha all good! :)
I’m currently a second year finance student. Thanks for this video, it helped give me much more perspective. I think I want to do equity research now!
thanks for watching! glad it was helpful!
How much maths is there in finance like it very hard or moderate?
@@HhhHhh-s3x4j Very moderate (unless quant) - quadratics (i.e. to discount cash flows) is the hardest math function
Hey Henry, I really liked your video can you make video for best and underated univesity for ms in finance in NYC
Thanks for watching!
Thanks for the wonderful insights!
you're welcome! thanks for watching!
What is your mental model for staying in the sell-side vs. moving over to the buy-side, e.g. joining a fund? Is there an adverse selection effect for analysts who do not eventually move over since one would assume the best analysts would be putting their money where their mouth is.
they're different roles that work together, I've seen buy-side to move to sell-side, as well as sell-side to buy-side. I don't think there's adverse selection effect, plenty of sell-side analysts (and buy-side) get paid very well
If you don’t go to a target school is it possible to break into equity research? Do you have to have a cfa to break in?
Yes! Don't let your school influence your future potential, that's very silly. And no CFA is not required - you just need to build the foundational skills and ability to communicate it!
@@henrychien4 Thank you for your reply I thought that in order to break in we need to go to a target school that’s what has been stopping me. Thank god about the cfa as well I heard it’s hard exam to pass and I thought that was a requirement. Is there like a course where someone can take to learn the necessary skills to break into equity research?
@@eddierosario1537 Yes - the Stock Investor Accelerator program I offer teaches the knowledge & skills required for equity research. You can check it out here: learn.henrychien.com/SIA-website. If you'd like to chat I'm happy to help discuss if this is the right program for you. Just send me an email (address at bottom of page) or use the chat function (also on the page)!
@@henrychien4 I just purchase an equity research course two days ago I wish I would have seen this message but is there any way I can still connect with you? I really want to break into equity research and I’m currently trying to take the necessary steps to break in.
@@eddierosario1537 sure send me an email! (contact on my website)
Great Video!
Thanks for watching Colin!
So, if I got it right, you can spend 20 minutes analyzing company, and based on 20 minutes, your guys spread information to buy/sell?
for traders, yes but that's just the stock reaction to the release (1-2 days), the more detailed buy/sell for next few months, might take 2-3 hours or more, post earnings, but remember we're working with a base of knowledge about the company & industry
Would you say this career would be incompatible with someone that has to prayer 5 times a day (Muslim, can pray in office, but Friday congregational prayers)?
totally compatible - I mean it takes like 1-2 minutes to pray I'm assuming? I mean we have to go the bathrom we can't be glued to the screens all day haha. So yes - especially because there's a rhythm to markets that you can anticipate quiet vs. busy periods, just got to be strategic with time. There's the no interest thing though with Sharia law though which is technically incompatible but there's obviously Islamic finance that exists.
@@henrychien4 Thank you for the insight, Henry. Yes, 5-6 minutes of prayer within a time slot so planning time would be possible. I did not think the interest aspect would be forbidden in ER, since we are basically making investment recommendations and not directly involved in interest-backed loans. Now if there is direct involvement in something like debt-based capital, then yes it would be better to avoid it. Am I incorrect in assuming there would be no such involvement?
@@bigbeard6676 yes correct if its stock recommendation, its equity, not debt. No interest unless its a preferred equity but that's not that common for equity research.
Great video, can i ask what softwares firms use to create the template (if any) for the equity research ? Thanks
i think it varies! we used visible alpha for publishing if I'm remembering correctly
in ER, do you have weekends off? I would assume so, right?
Depends on the team! I always did but we had a solid process
Hi Henry your Videos are really Informative. How can i connect with you over VC or on Call? Please Let me know
Thanks for watching Sumit! You can find my contact here: henrychien.com/contact/
Sir please guide me on how to get a job as equity research analyst please im stuck after doing bba and i dont know what to do please it would be really helpful if i get guidance
hey there! first let's assess your skills, I suggest you sign up to my masterclass: learn.henrychien.com/masterclass
Can you please tell me which certificate or course i should do
check out the stock investor accelerator! learn.henrychien.com/SIA-website
ah yes the usual hours of a slave/modern worker. 12 hours a day better pay really well
haha yes, though I didn't mind the hours because I did enjoy the work (usually) and yes it pays well