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equity research career

hi,

I am interested in equity research career i like analysing stocks etc. however i am sceptical about the working hours (since i have some health issues so don’t want to work and work for like more then 12-13 hours ) in india and how often one have to travel ? so i doubt whether to go ahead with equity research or not. 

are the working hours too long ? longer then 12hours ? Investment banking hours are horrible and it is too stressful. 

also what are the key differences between buy side and sell side? is sell side that worst ?

i’ll be glad if you help me out with your advice

thanks.

If you have problems working more than 12 hours, forget about equity research or investment banking. or heck, even accounting. or most areas of finance that is client facing. 

Try operations, or HR

Hope. It is the quintessential human delusion, simultaneously the source of your greatest strength, and greatest weakness.

12 hours a week?

Would you, Quintus? Would I?

A day.

Inducted into the AF Hall of Fame, class of ‘17

H. P. Flashman wrote:

12 hours a week?

Lol my commute alone is more than 20 hrs a week.

so equity research is same like investment banking considering the working hours? 

I was actually looking for advice from someone in india.

thanks

and yes its 12hours a day. well you can’t have a job with 12hrs a week 

working hours depends on the company you join but as far as travelling is concerned, its minimal for equity research.  

I suggest reading the articles in my signature. They will answer many of your questions.

purely it depends on the company u work for ..In India equity research has no time of working even when u come home u have to think about it and plan for the next day opening. calls from the client (mostly in the evening when u r in home). It depends on how u love the job.

emichan wrote:
Lol my commute alone is more than 20 hrs a week.

That’s terrible. I spend probably 2-3 hours a week driving to/from work.

12 hours = 4-5 hours of actual work, remaining hours divided between candy crush, long coffee breaks and other equally important activities

Here, I’ll let you in on a little secret, if you spend your entire career in equity research you’re the exception, not the rule.

You keep playing the short game and I'll keep playing the long game

emichan wrote:

H. P. Flashman wrote:

12 hours a week?

Lol my commute alone is more than 20 hrs a week.

4 hours per day? WTF?

“I can no longer obey. I have tasted command, and I cannot give it up.”

Well I work weekends too so it’s a little under 4 hours a day. A little under 2 hours each way (it does become 2 hours with 6pm traffic).

I thought it might be a negligible factor, but I am so exhausted after three weeks I seriously cannot function. I’m moving in a few weeks.

I knew a guy who commuted 2 hours each way. It was bec he wanted to have a farm with animals, but still wanted to work in finance in NYC. 

Hope. It is the quintessential human delusion, simultaneously the source of your greatest strength, and greatest weakness.

I’m used to long commutes, even as a kid I used to commute >1 hr to get to school. It was before smartphones so I developed my people watching habit early in life. By the way my commute is all public transit haha I am a bad driver a responsible global citizen reducing my carbon footprint.

And then one guy I interviewed with in NY said he commuted from Conneticut. I live in the west coast where “travelling across state line” means a road trip (unless you live in Vancouver or something), but still, sounds intense. He said something similar, not farm animals, but that he valued the quality of life or something. 

How does he have time to tend to farm animals? Hired help? My parents have chickens/geese and they never take holidays or even stay out late. 

I’m guessing so, can’t image his family does everything

Hope. It is the quintessential human delusion, simultaneously the source of your greatest strength, and greatest weakness.

Also kiss your vacations goodbye, press releases won’t wait for you to get back from Mexico!

thanks numi

read the articles very informative.

-

<a href="mailto:harjotsingh87@gmail.com">harjotsingh87@gmail.com</a> wrote:

working hours depends on the company you join but as far as travelling is concerned, its minimal for equity research.  

thanks for the reply 

i am asking about when you can leave for  home normally. i don’t want to work for more than 12 hrs. Also if thats so then which are the other options in finance with good work life balance i.e.  having max 12hrs working day? 

also can someone with a management background and a fresher get into equity research ?any scope ? thinking of giving cfa exam next year though

phoenix21 wrote:

<a href="mailto:harjotsingh87@gmail.com">harjotsingh87@gmail.com</a> wrote:

working hours depends on the company you join but as far as travelling is concerned, its minimal for equity research.  

thanks for the reply 

i am asking about when you can leave for  home normally. i don’t want to work for more than 12 hrs. Also if thats so then which are the other options in finance with good work life balance i.e.  having max 12hrs working day? 

also can someone with a management background and a fresher get into equity research ?any scope ? thinking of giving cfa exam next year though

What is a fresher? Also, focus on getting into equity research first…then worry about the hours. Given your backround, the likelihood of you getting a job in equity research is low.

Ramos4rm, CFA, CAIA

Ramos4rm wrote:

phoenix21 wrote:

<a href="mailto:harjotsingh87@gmail.com">harjotsingh87@gmail.com</a> wrote:

working hours depends on the company you join but as far as travelling is concerned, its minimal for equity research.  

thanks for the reply 

i am asking about when you can leave for  home normally. i don’t want to work for more than 12 hrs. Also if thats so then which are the other options in finance with good work life balance i.e.  having max 12hrs working day? 

also can someone with a management background and a fresher get into equity research ?any scope ? thinking of giving cfa exam next year though

What is a fresher? Also, focus on getting into equity research first…then worry about the hours. Given your backround, the likelihood of you getting a job in equity research is low.

Fresh grad?

Corrcet me if I'm worng

Ramos4rm wrote:

phoenix21 wrote:

<a href="mailto:harjotsingh87@gmail.com">harjotsingh87@gmail.com</a> wrote:

working hours depends on the company you join but as far as travelling is concerned, its minimal for equity research.  

thanks for the reply 

i am asking about when you can leave for  home normally. i don’t want to work for more than 12 hrs. Also if thats so then which are the other options in finance with good work life balance i.e.  having max 12hrs working day? 

also can someone with a management background and a fresher get into equity research ?any scope ? thinking of giving cfa exam next year though

What is a fresher? Also, focus on getting into equity research first…then worry about the hours. Given your backround, the likelihood of you getting a job in equity research is low.

.

dude, if the guy somehow cons his way into SS research, and then proclaims he won’t work past 12 hours a day, he’s instantly on the chopping block 

Hope. It is the quintessential human delusion, simultaneously the source of your greatest strength, and greatest weakness.

Less than 12 hours a day is impossible during earnings season.  You’d be lucky to get 12 hours of leisure time during the entire week.

Inducted into the AF Hall of Fame, class of ‘17

former trader wrote:

Less than 12 hours a day is impossible during earnings season.  You’d be lucky to get 12 hours of leisure time during the entire week.

sir how far the hours can extend during earnings season? it would be different in india right ? from the above posts i conclude that  working hours would be 10-12hrs during non earnings season and depends on the company in india. Also the Earnings season does mean the full month or just a week in the quarters ( jan,april,july & oct) ? 

fresher = person with no work  experience

I know a few people in ER and they tell me that it can go as much as 15 hours. 

Inducted into the AF Hall of Fame, class of ‘17

former trader wrote:

I know a few people in ER and they tell me that it can go as much as 15 hours. 

Only around earnings period, especially for foreign investments. They have to sit around and wait to process any new information that gets relased, and adjust accordingly, then take calls from clients.

That also completely depends on the firm, coverage size, and coverage extension.

Corrcet me if I'm worng

former trader wrote:

I know a few people in ER and they tell me that it can go as much as 15 hours. 


Oh that’s much.I probably should not pursue this then. Sir can you suggest any other options in finance where hours are decent?

^ It’s during earnings season, although outside of it you can easily do 10-12.

Inducted into the AF Hall of Fame, class of ‘17

phoenix21 wrote:
former trader wrote:

I know a few people in ER and they tell me that it can go as much as 15 hours. 

Oh that’s much.I probably should not pursue this then. Sir can you suggest any other options in finance where hours are decent?

Equity research should have the second best balance for life and work out of IBD, ER, PE, and AM.

Best one is probably Asset Management, assuming you’re dealing with mostly local investments. But even then, earnings season can be a b!tch. But at least you get less work for as much hours.

Then you have to take into consideration youre position seniority. A director or MD in any department will have a comfortable life and astronomical pay (more stress in buyside, more hours in sell side).

Corrcet me if I'm worng