Empirical Research Partners --- what is this firm like?

CFA General
#1

Hey, guys. Could you please give me some inputs about this firm? How is the firm like? Is it a good firm to work for as an analyst? Thanks,

#2

Any advice please

#3

I don’t know anything about what it’s like to work for the firm, but I’ve seen some of their research and it’s definitely good quality.

#4

Please give some more advice…

#5

Founded: June 2002. Empirical Research Partners, LLC is a New York, NY-based independently owned broker-dealer founded by Michael Lewis Goldstein. Passive research firm. www.empirical-research.com

#6

Would you working for Mike Goldstein? If so he is nerdy quant guy who used to work at bernstiein, started his own shop and taughts himself as a strategist when in reality he has the same dozen quant models and afixes whatever story he feels like to them. So if you enjoy updating models and regurgitating the results time and time again, ERP is not bad. They are II ranked #1 in both quant and strategy I believe.

#7

How is the pay like?

#8

^ probably at the higher end of quant on the sell side. Cosidering they are one of the few quant shops getting paid, or maybe Goldstien just keeps everything for himself.

#9

Quantitative Analyst Empirical Research Partners LLC $75,000 New York, NY (12/2002) >> Quantitative Analyst Empirical Research Partners LLC $75,000 New York, NY (04/2003) >> Maybe they pay better now?

#10

I would def work for a guy named “Michael Lewis Goldstein”

#11

Because he is a big shots? Even if he pays you 75K a year? It seems some analysts at the firm are partners some are not. I guess the partners get paid a lot more. Just curious, if the whole street is in layoff mode, why Empirical Research will be fine?

#12

They have gained a lot of traction in the last few years. I would think it is significantly more than $75k. And Emp is very different from the street. Although I find their work pretty useless after the initial presentation, many PMs find it very helpful. Specialty firms like this and ISI continue to strive despite the times.

#13

Probably the same reason MSCI Barra is doing well.

#14

Never heard of these guys

#15

buddha, I heard some people told me: 1. most house do quant research in house. 2. most managers only buy fundamental research or macro research report but not quant report. 3. There are software tools available to do quant stock picking etc – isn’t it more flexible for portfolio managers than the research report? Sorry, I did’t try to contradict to what you said, I just want to see if this is a good business model.