Equity Research Analysts recommend to their clients what stocks they should buy or sell and provide reliable research that backs those recommendations. For this they conduct research and analyse stocks and other securities.
Personal Competencies
You pay attention to details while working
You can keep accurate records of expenses and income
You like to work with numbers
You like to solve problems
Entry Pathway
1. Complete 10+2 in the Commerce stream
2. Pursue a Bachelor’s in Business Administration/ Finance/ Banking/ Commerce or related subjects
OR
Complete Bachelor’s and follow it up with a Master’s in the same or allied field
OR
Complete Bachelor’s and then take up Chartered Accountancy/Chartered Financial Analyst exams
OR
Complete a Diploma in Financial Management/Banking and Finance/ Banking and Capital Markets and any related subject, then work for a minimum of four years and then take the Chartered Financial Analyst exams
Please check the duration of the course during enrolment
Where will you study?
The course is offered by the Department of Commerce. This list of institutes is indicative only
Government Institutes 1. University of Lucknow 2. University of Mumbai 3. Osmania University, Hyderabad 4. University of Allahabad Allahabad 5. Devi Ahilya Vishwavidyalaya, Indore 6. Bangalore University, Bangalore 7. Burdwan University, West Bengal 8. Maharaja Sayajirao University of Baroda, Vadodara
Private Institutes (Please check if Institute is affiliated and accredited with UGC before applying) 1. J.D. Birla Institute, Kolkata 2. St. Xavier's College, Kolkata 3. Christ University, Bangalore 4. Chandigarh University 5. Birla Institute of Technology and Science, Rajasthan 6. Galgotias University, Noida 7. Vellore Institute of Technology, Vellore, Tamil Nadu 8. Nirma University, Ahmedabad
*NPTEL stands for National Programme on Technology Enhanced Learning. It is by the Government of India and offers a variety of courses in an audio-video form
Fees
The approx. course fee ranges between INR 1,00,000 - 3,00,000*
*(The above-mentioned figures are approximate numbers. This will vary from Institute to Institute)
Scholarships & Loans
SCHOLARSHIPS
• National Scholarship Portal - Visit http://www.scholarships.gov.in. Under this portal there are Central Government schemes offered by different departments, UGC/AICTE Schemes and State Schemes* • Visit http://www.buddy4study.com for details on available scholarships. This is a gateway to scholarships starting from Class XI* • Scholarships are also made available in institutes based on merit*
*(Availability of these scholarships can vary from time to time)
LOANS
• VidyaLakshmi, http://www.vidyalakshmi.co.in, is a portal for students seeking education loan. This portal has been developed under the guidance of the Department of Financial Services, (Ministry of Finance), Department of Higher Education (Ministry of Human Resource Development) and Indian Banks Association (IBA) • Some states have student credit cards with low interest rates, for instance, West Bengal, Odisha, Bihar, etc. • All banks give education loans
Where will you work?
Places of Work: Investment Banks, Asset Management Companies, and Insurance Firms, among others
Entrepreneurship: You can choose to work as an independent analyst
Work Environment: It is a desk job. You may not handle a team. Local travel is a part of the job role as you may travel to meet your clients. Unless you choose to work independently, you are likely to work more than 45 hours a week. You may have to put in more hours to meet the investment demands and tight deadlines of the stakeholders.
Opportunities for work exist for differently abled in this field
Tabassum Inamdar has over 25 years of experience in the BFSI sector. She has a Bachelor’s in Business/ Commerce from R.A. Podar College of Commerce & Economics Matunga, Mumbai following which she became a Chartered Accountant. She worked as an Equity Analyst between 1992-2008, and is now one of the directors at Indifi Technologies.*
Equity Research Analyst
NCS Code: 3311.0201 | BFSI071. Complete 10+2 in the Commerce stream
2. Pursue a Bachelor’s in Business Administration/ Finance/ Banking/ Commerce or related subjects
OR
Complete Bachelor’s and follow it up with a Master’s in the same or allied field
OR
Complete Bachelor’s and then take up Chartered Accountancy/Chartered Financial Analyst exams
OR
Complete a Diploma in Financial Management/Banking and Finance/ Banking and Capital Markets and any related subject, then work for a minimum of four years and then take the Chartered Financial Analyst exams
Please check the duration of the course during enrolment
The course is offered by the Department of Commerce.
This list of institutes is indicative only
Government Institutes
1. University of Lucknow
2. University of Mumbai
3. Osmania University, Hyderabad
4. University of Allahabad Allahabad
5. Devi Ahilya Vishwavidyalaya, Indore
6. Bangalore University, Bangalore
7. Burdwan University, West Bengal
8. Maharaja Sayajirao University of Baroda, Vadodara
Private Institutes
(Please check if Institute is affiliated and accredited with UGC before applying)
1. J.D. Birla Institute, Kolkata
2. St. Xavier's College, Kolkata
3. Christ University, Bangalore
4. Chandigarh University
5. Birla Institute of Technology and Science, Rajasthan
6. Galgotias University, Noida
7. Vellore Institute of Technology, Vellore, Tamil Nadu
8. Nirma University, Ahmedabad
Information on the institute rankings can be found at - https://www.nirfindia.org/2022/Ranking.html
Distance learning Institute
Indira Gandhi National Open University (IGNOU)
Online Courses
• NPTEL* Swayam: https://swayam.gov.in/explorer?searchText=commerce
*NPTEL stands for National Programme on Technology Enhanced Learning. It is by the Government of India and offers a variety of courses in an audio-video form
The approx. course fee ranges between INR 1,00,000 - 3,00,000*
*(The above-mentioned figures are approximate numbers. This will vary from Institute to Institute)
SCHOLARSHIPS
• National Scholarship Portal - Visit http://www.scholarships.gov.in. Under this portal there are Central Government schemes offered by different departments, UGC/AICTE Schemes and State Schemes*
• Visit http://www.buddy4study.com for details on available scholarships. This is a gateway to scholarships starting from Class XI*
• Scholarships are also made available in institutes based on merit*
*(Availability of these scholarships can vary from time to time)
LOANS
• VidyaLakshmi, http://www.vidyalakshmi.co.in, is a portal for students seeking education loan. This portal has been developed under the guidance of the Department of Financial Services, (Ministry of Finance), Department of Higher Education (Ministry of Human Resource Development) and Indian Banks Association (IBA)
• Some states have student credit cards with low interest rates, for instance, West Bengal, Odisha, Bihar, etc.
• All banks give education loans
Places of Work: Investment Banks, Asset Management Companies, and Insurance Firms, among others
Entrepreneurship: You can choose to work as an independent analyst
Work Environment: It is a desk job. You may not handle a team. Local travel is a part of the job role as you may travel to meet your clients. Unless you choose to work independently, you are likely to work more than 45 hours a week. You may have to put in more hours to meet the investment demands and tight deadlines of the stakeholders.
Opportunities for work exist for differently abled in this field
Equity Dealer → Equity Manager → Portfolio Manager
The approx. salary of an equity research analyst ranges between INR 20,000 - 1,65,000* or more per month.
Source: https://www.payscale.com/research/IN/Job=Equity_Analyst/Salary
*These figures are indicative and subject to change
Experts from the field
Tabassum Inamdar has over 25 years of experience in the BFSI sector. She has a Bachelor’s in Business/ Commerce from R.A. Podar College of Commerce & Economics Matunga, Mumbai following which she became a Chartered Accountant. She worked as an Equity Analyst between 1992-2008, and is now one of the directors at Indifi Technologies.*
Source: https://tameel.in/tabassum-inamdar/
*The above information is for training purposes only and will not be used for any commercial gains
equity research analyst, investment analyst, financial research associate