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The differences between equity research analysts and summer 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 research analyst and a summer analyst. Additionally, an equity research analyst has an average salary of $119,540, which is higher than the $66,837 average annual salary of a summer analyst.
The top three skills for an equity research analyst include financial models, macro and securities. The most important skills for a summer analyst are strong analytical, financial statements, and capital markets.
| Equity Research Analyst | Summer Analyst | |
| Yearly salary | $119,540 | $66,837 |
| Hourly rate | $57.47 | $32.13 |
| Growth rate | 9% | 9% |
| Number of jobs | 85,974 | 44,912 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 80% |
| Average age | 40 | 40 |
| Years of experience | 4 | 4 |
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.
Summer analysts are people who undertake an internship within a banking institution. These professionals perform analyses of detailed financial and corporate information. They establish statistical exhibits analyzing comparative financial performance. It is their responsibility to create models illustrating projected financial results, which is of great value to the companies. The skills necessary for this job include knowledge of financial statements, equity, portfolio companies, and financial models. They should also develop due diligence, strong communication, asset allocation knowledge, and attention to detail.
Equity research analysts and summer analysts have different pay scales, as shown below.
| Equity Research Analyst | Summer Analyst | |
| Average salary | $119,540 | $66,837 |
| Salary range | Between $78,000 And $182,000 | Between $43,000 And $102,000 |
| Highest paying City | San Francisco, CA | - |
| Highest paying state | New Jersey | - |
| Best paying company | Simmons Energy | - |
| Best paying industry | Health Care | - |
There are a few differences between an equity research analyst and a summer analyst in terms of educational background:
| Equity Research Analyst | Summer Analyst | |
| Most common degree | Bachelor's Degree, 70% | Bachelor's Degree, 80% |
| Most common major | Finance | Finance |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between equity research analysts' and summer analysts' demographics:
| Equity Research Analyst | Summer Analyst | |
| Average age | 40 | 40 |
| Gender ratio | Male, 76.8% Female, 23.2% | Male, 72.5% Female, 27.5% |
| 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% |