5 of 5 people found the following review helpful
5.0 out of 5 stars
Excellent primer on equity research written by an experienced equity research analyst, Mar 15 2011
By FT - Published on Amazon.com
This review is from: How to Get an Equity Research Analyst Job (Paperback)
I purchased this book because I am in the process of changing career path and move into equity research. I found "How to Get an Equity Research Analyst Job" to be extremely helpful in preparing for interviews, and while the book is primarily targeted to business school and undergraduate students, I believe it is also a very good reference book for more experienced finance professionals.
The book begins with an overview of the asset management industry and the role of securities analysts (sell and buy side). The author than explains how to best prepare for the different types of interviews: the stock pitch, brainteasers, case interviews, and the "analyze a stock on the day" interview, among others. What I found particularly helpful was Chapter 4, "Understand and prepare for the stock pitch interview": the author uses Colgate-Palmolive stock as an example and clearly defines all the steps necessary to select the stock, obtain financial reports, calculate the key financial ratios, determine the risks and, most importantly, how to structure the investment thesis.
I would definitely recommend "How to Get an Equity Research Analyst Job" to anyone who is interested in sell side equity research and people who want to make a career change.
4 of 4 people found the following review helpful
5.0 out of 5 stars
"How to Get an Equity Research Analyst Job: A Guide to Starting a Career in Asset Management" - COMPLETE MASTERPIECE, July 24 2011
By Emana Udoekwere - Published on Amazon.com
This review is from: How to Get an Equity Research Analyst Job (Paperback)
This book doesn't just tell you how to secure a job in asset management but goes through a journey from understanding the industry and applying for jobs to succeeding while working in the industry.
I believe Gillian goes through 4 main points during this journey and these are: INDUSTRTY KNOWLEDGE, INTERVIEWS, STOCK PITCH AND WORKING IN THE INDUSTRY. I personally like the way she writes and goes through this journey; it is very easy to read, it is direct and to the point.
She goes through the asset management industry in detail and the main roles within it; she is also extremely helpful in preparing for interviews by telling you the procedures, what is expected and how to prosper. This book clearly defines all the steps necessary to select a stock by using examples which will be helpful during the interview process. Lastly she takes the view point of a rookie entering the asset management industry and describes the main points on how to succeed and have a good career.
I recommend this book to anyone who is passionate about the asset management industry and wants to have a long and prosperous career. It is truly a masterpiece.
3 of 3 people found the following review helpful
5.0 out of 5 stars
"How to get an Equity Research Analyst Job", a must for anyone who wants a job in Equity Research, Jun 19 2011
By polymathmeloman - Published on Amazon.com
This review is from: How to Get an Equity Research Analyst Job (Paperback)
For anyone approaching the Equity Research World for the first time, the task of sorting through the jargon and figuring out the organizational structure of the industry can be daunting. What is the difference between the buy side and the sell side? What does an Equity Research Analyst actually do? What to expect and how to prepare for an interview? These questions and many more are thoroughly answered by Gillian D. Elcock.
Her clarification of the jargon is very helpful for recent graduates, as well as for those who what to switch industries. Although the book is geared more towards the buy side, it is just as useful for the sell side. The most useful part of the book however, is the demystification of the interviewing process. Elcock goes to great length to make sure the reader understands what the interviewing process is, what is expected, what to expect and how to succeed. In a highly competitive industry like this, there is no room for error, and intensive preparation is key for success. But how should one prepare? The author gives great tips and examples for how to anticipate difficult questions like brain teasers, how prepare for the "stock of the day" type questions and how to not be caught by surprise by the different rounds of interviews and the demands of each.
While there are couple of books out there on Equity Research methodologies and valuation techniques, none is so practical and applied to the basic process of getting a job. The book offers insight without which it is hard to see how one might break through the glass wall. For anyone thinking about getting into Equity Research, this should be the first book to pick up.