How to hire an equity research analyst

How to hire an equity research analyst, step by step

Here's a step-by-step equity research analyst hiring guide:

• Step 1: Identify your hiring needs
• Step 2: Create an ideal candidate profile
• Step 3: Make a budget
• Step 4: Write an equity research analyst job description
• Step 5: Post your job
• Step 6: Interview candidates
• Step 7: Send a job offer and onboard your new equity research analyst
• Step 8: Go through the hiring process checklist

What does an equity research analyst do?

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1. Identify your hiring needs

   The equity research analyst hiring process starts by determining what type of worker you actually need. Certain roles might require a full-time employee, whereas part-time workers or contractors can do others.

   Determine employee vs contractor status

   Is the person you're thinking of hiring a US citizen or green card holder?

   Yes

   No

   An equity research analyst's background is also an important factor in determining whether they'll be a good fit for the position. For example, equity research analysts from different industries or fields will have radically different experiences and will bring different viewpoints to the role. You also need to consider the candidate's previous level of experience to make sure they'll be comfortable with the job's level of seniority.

   This list shows salaries for various types of equity research analysts.

   Type of Equity Research Analyst	Description	Hourly rate
   Equity Research Analyst	Financial analysts provide guidance to businesses and individuals making investment decisions. They assess the performance of stocks, bonds, and other types of investments.	$37-87
   Finance Professional	The primary job of finance professionals is to provide financial services using their knowledge of finance, tax laws, and accounting. These professionals typically help with corporate finance, personal finance, or both... Show more	$14-46
   Analyst Internship	An analyst internship is a student program where an intern is assigned to assist analyst professionals by analyzing business goals, objectives, and needs. Analyst interns assist in the planning and designing of business processes and suggest recommendations for improvement... Show more	$13-25

   Show more

2. Create an ideal candidate profile

   Common skills:

   • Financial Models
   • Macro
   • Securities
   • Equity Portfolio
   • Equities
   • Fundamental Analysis
   • Due Diligence
   • Technology Sector
   • Fundamental Research
   • Investment Recommendations
   • DCF
   • Industry Analysis
   • Investment Research
   • Market Research

   Check all skills

   Responsibilities:

   • Manage trade executions and broker relationships for all portfolio positions across several banks, prime brokerage accounts and electronic commodities exchanges.
   • Perform bottom-up fundamental analysis covering U.S. and European equities focuse on value.
   • Experience in client presentation of investment ideas and are responsible of generating detail PowerPoint slides.
   • Propose investment recommendations (buy/sell equity securities) base upon a combination of fundamental qualitative and quantitative analysis.
   • Support activities including industry analysis, company specific competitive analysis, risk assessment, management assessment and valuations like DCF analysis.
   • Develop analytical tools for the traders to analyse volatility and correlation using VBA and SQL.

   More equity research analyst duties

3. Make a budget

   Including a salary range in the equity research analyst job description is a good way to get more applicants. An equity research analyst salary can be affected by several factors, such as the location of the job, the level of experience, education, certifications, and the employer's prestige.

   For example, the average salary for an equity research analyst in Alaska may be lower than in New Jersey, and an entry-level engineer typically earns less than a senior-level equity research analyst. Additionally, an equity research analyst with lots of experience in the field may command a higher salary as a result.

   Average equity research analyst salary

   $119,540yearly

   $57.47 hourly rate

   ---

   Entry-level equity research analyst salary

   $78,000 yearly salary

   Updated December 30, 2025

   Average equity research analyst salary by state

   Rank	State	Avg. salary	Hourly rate
   1	California	$128,455	$62
   2	Massachusetts	$118,057	$57
   3	New York	$117,562	$57
   4	Connecticut	$117,104	$56
   5	Washington	$113,127	$54
   6	Michigan	$111,419	$54
   7	North Carolina	$107,274	$52
   8	Pennsylvania	$106,848	$51
   9	District of Columbia	$103,434	$50
   10	New Mexico	$101,725	$49
   11	Maryland	$99,250	$48
   12	Illinois	$97,252	$47
   13	Ohio	$96,677	$46
   14	Wisconsin	$95,333	$46
   15	Minnesota	$94,537	$45
   16	Georgia	$92,720	$45
   17	South Carolina	$92,369	$44
   18	Oregon	$92,137	$44
   19	Texas	$88,969	$43
   20	Indiana	$85,673	$41

   Average equity research analyst salary by company

   Company

   Rank	Company	Average salary	Hourly rate	Job openings
   1	Simmons Energy	$151,608	$72.89
   2	Pacific Investment Management Company LLC	$148,998	$71.63	25
   3	Bloomberg	$147,183	$70.76	32
   4	Lord Abbett	$146,493	$70.43	7
   5	MPG	$141,752	$68.15
   6	Cohen & Steers	$140,511	$67.55
   7	First Republic Bank	$139,060	$66.86
   8	Meketa Investment Group	$138,605	$66.64	1
   9	GMO	$138,350	$66.51	3
   10	Two Sigma	$138,076	$66.38
   11	TCW Group	$135,697	$65.24
   12	Highland Capital Management	$135,528	$65.16
   13	Citi	$133,802	$64.33	43
   14	Avondale Partners	$133,728	$64.29
   15	Wellington Management	$133,408	$64.14	28
   16	B. Riley Financial	$132,987	$63.94
   17	Zacks Investment Management	$132,878	$63.88
   18	Wellington Group	$131,100	$63.03
   19	First Quadrant	$130,312	$62.65
   20	Indus Capital Partners	$130,124	$62.56

4. Writing an equity research analyst job description

   A job description for an equity research analyst role includes a summary of the job's main responsibilities, required skills, and preferred background experience. Including a salary range can also go a long way in attracting more candidates to apply, and showing the first name of the hiring manager can also make applicants more comfortable. As an example, here's an equity research analyst job description:

   Equity research analyst job description example

   The US Equity Fundamental Research team is currently looking for a Research Analyst to lead the team's research and investments in MedTech, Life Science Tools, and Health Services companies. The US Equity Fundamental Research team provides investment recommendations for ~$375B in AUM. The main responsibilities in this position would include:
   Research companies and industries within the coverage universe. Make relative valuation comparisons and investment recommendations to portfolio managers. Manage sector sleeve of analyst fund portfolio Work and communicate with a global network of JPMAM analysts and portfolio managers. Mentoring and developing a junior level research analyst.
   Qualifications:
   Strong understanding of financial markets and securities valuations Buy-side experience preferred Ability to deliver clear/concise investment recommendations under significant uncertainty Ability to distinguish between essential and nonessential information Strong spreadsheet modeling skills Excellent oral and written skills. Ability to work effectively with colleagues globally At least seven years of relevant experience analyzing companies in the MedTech, Life Science Tools, Health Services industry
   
   JPMorgan Chase & Co., one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world's most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.
   
   We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. In accordance with applicable law, we make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as any mental health or physical disability needs.
   
   The health and safety of our colleagues, candidates, clients and communities has been a top priority in light of the COVID-19 pandemic. JPMorgan Chase was awarded the "WELL Health-Safety Rating" for all of our 6,200 locations globally based on our operational policies, maintenance protocols, stakeholder engagement and emergency plans to address a post-COVID-19 environment.
   
   As a part of our commitment to health and safety, we have implemented various COVID-related health and safety requirements for our workforce. Employees are expected to follow the Firm's current COVID-19 or other infectious disease health and safety requirements, including local requirements. Requirements include sharing information including your vaccine card in the firm's vaccine record tool, and may include mask wearing. Requirements may change in the future with the evolving public health landscape. JPMorgan Chase will consider accommodation requests as required by applicable law.
   
   Equal Opportunity Employer/Disability/Veterans

   Copy this example

   

5. Post your job

   There are various strategies that you can use to find the right equity research analyst for your business:

   • Consider promoting from within or recruiting from your existing workforce.
   • Ask for referrals from friends, family members, and current employees.
   • Attend job fairs at local colleges to find candidates who meet your education requirements.
   • Use social media platforms like LinkedIn, Facebook, and Twitter to reach potential job candidates.

   Post your job online:

   • Post your equity research analyst job on Zippia to find and attract quality equity research analyst candidates.
   • Use niche websites such as efinancialcareers, financialjobsweb.com, careerbank, financial job bank.
   • Post a job on free websites.

6. Interview candidates

   During your first interview to recruit equity research analysts, engage with candidates to learn about their interest in the role and experience in the field. During the following interview, you'll be able to go into more detail about the company, the position, and the responsibilities.

   You should also ask about candidates' unique skills and talents to see if they match the ideal candidate profile you developed earlier. Candidates good enough for the next step can complete the technical interview.

   The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.

7. Send a job offer and onboard your new equity research analyst

   Once you have selected a candidate for the equity research analyst position, it is time to create an offer letter. In addition to salary, the offer letter should include details about benefits and perks that are available to the employee. Ensuring your offer is competitive is vital, as qualified candidates may be considering other job opportunities. The candidate may wish to negotiate the terms of the offer, and it is important to be open to discussion and reach a mutually beneficial agreement. After the offer has been accepted, it is a good idea to formalize the agreement with a contract.

   You should also follow up with applicants who don't get the job with an email letting them know that you've filled the position.

   Once that's done, you can draft an onboarding schedule for the new equity research analyst. Human Resources should complete Employee Action Forms and ensure that onboarding paperwork is completed, including I-9s, benefits enrollment, federal and state tax forms, etc. They should also ensure that new employee files are created for internal recordkeeping.

8. Go through the hiring process checklist

   • Determine employee type (full-time, part-time, contractor, etc.)
   • Submit a job requisition form to the HR department
   • Define job responsibilities and requirements
   • Establish budget and timeline
   • Determine hiring decision makers for the role
   • Write job description
   • Post job on job boards, company website, etc.
   • Promote the job internally
   • Process applications through applicant tracking system
   • Review resumes and cover letters
   • Shortlist candidates for screening
   • Hold phone/virtual interview screening with first round of candidates
   • Conduct in-person interviews with top candidates from first round
   • Score candidates based on weighted criteria (e.g., experience, education, background, cultural fit, skill set, etc.)
   • Conduct background checks on top candidates
   • Check references of top candidates
   • Consult with HR and hiring decision makers on job offer specifics
   • Extend offer to top candidate(s)
   • Receive formal job offer acceptance and signed employment contract
   • Inform other candidates that the position has been filled
   • Set and communicate onboarding schedule to new hire(s)
   • Complete new hire paperwork (i9, benefits enrollment, tax forms, etc.)

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