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The differences between equity analysts and equity research analysts can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both an equity analyst and an equity research analyst. Additionally, an equity research analyst has an average salary of $119,540, which is higher than the $103,715 average annual salary of an equity analyst.
The top three skills for an equity analyst include financial models, equities and discounted cash flow. The most important skills for an equity research analyst are financial models, macro, and securities.
| Equity Analyst | Equity Research Analyst | |
| Yearly salary | $103,715 | $119,540 |
| Hourly rate | $49.86 | $57.47 |
| Growth rate | 9% | 9% |
| Number of jobs | 51,437 | 85,974 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 70% |
| Average age | 40 | 40 |
| Years of experience | 4 | 4 |
An equity analyst's role is to help clients navigate through stocks and bonds using their expertise. In a company setting, their responsibilities revolve around performing extensive research and analysis on areas such as the stock market, coordinating with different departments to gather necessary data, identifying new opportunities, preparing and analyzing the company's financial records, and creating forecast models. Furthermore, as an equity analyst, it is essential to make recommendations in adherence to the company's policies and regulations, including its vision and mission.
An equity research analyst is responsible for analyzing stock and securities markets, generating reports and performance projections, and advising clients on the best options for clients' financial portfolios. Equity research analysts should have excellent knowledge of the current stock market trends, especially the availability of the securities to identify investments that would sell in public. They evaluate the clients' needs out of their investment interests and risk appetite. An equity research analyst must be highly-communicative and analytical, especially on responding to clients' inquiries and concerns and informing investment managers on the stock and securities available.
Equity analysts and equity research analysts have different pay scales, as shown below.
| Equity Analyst | Equity Research Analyst | |
| Average salary | $103,715 | $119,540 |
| Salary range | Between $68,000 And $157,000 | Between $78,000 And $182,000 |
| Highest paying City | Santa Rosa, CA | San Francisco, CA |
| Highest paying state | California | New Jersey |
| Best paying company | The Citadel | Simmons Energy |
| Best paying industry | Finance | Health Care |
There are a few differences between an equity analyst and an equity research analyst in terms of educational background:
| Equity Analyst | Equity Research Analyst | |
| Most common degree | Bachelor's Degree, 74% | Bachelor's Degree, 70% |
| Most common major | Finance | Finance |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between equity analysts' and equity research analysts' demographics:
| Equity Analyst | Equity Research Analyst | |
| Average age | 40 | 40 |
| Gender ratio | Male, 77.0% Female, 23.0% | Male, 76.8% Female, 23.2% |
| Race ratio | Black or African American, 5.6% Unknown, 4.5% Hispanic or Latino, 7.7% Asian, 14.1% White, 68.0% American Indian and Alaska Native, 0.1% | Black or African American, 5.6% Unknown, 4.5% Hispanic or Latino, 7.7% Asian, 14.1% White, 68.0% American Indian and Alaska Native, 0.1% |
| LGBT Percentage | 7% | 7% |