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The differences between securities research analysts and equity research analysts can be seen in a few details. Each job has different responsibilities and duties. While it typically takes 4-6 years to become a securities research analyst, becoming an equity research analyst takes usually requires 2-4 years. Additionally, an equity research analyst has an average salary of $119,540, which is higher than the $110,797 average annual salary of a securities research analyst.
The top three skills for a securities research analyst include python, windows and security research. The most important skills for an equity research analyst are financial models, macro, and securities.
| Securities Research Analyst | Equity Research Analyst | |
| Yearly salary | $110,797 | $119,540 |
| Hourly rate | $53.27 | $57.47 |
| Growth rate | 32% | 9% |
| Number of jobs | 71,233 | 85,974 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 70% |
| Average age | 42 | 40 |
| Years of experience | 6 | 4 |
The job of a security research analyst is to prepare investigative reports on securities. Your duties will include providing recommendations to buy, sell and hold financial securities, preparing reports based on a company's financial statement, and keeping track of the company's various activities such as an investor day event and industry seminar. In addition, you will be responsible for developing a financial model by gathering and analyzing all information. You will also be responsible for predicting a company's future financial performance.
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.
Securities research analysts and equity research analysts have different pay scales, as shown below.
| Securities Research Analyst | Equity Research Analyst | |
| Average salary | $110,797 | $119,540 |
| Salary range | Between $80,000 And $151,000 | Between $78,000 And $182,000 |
| Highest paying City | Folsom, CA | San Francisco, CA |
| Highest paying state | Washington | New Jersey |
| Best paying company | Apple | Simmons Energy |
| Best paying industry | Finance | Health Care |
There are a few differences between a securities research analyst and an equity research analyst in terms of educational background:
| Securities Research Analyst | Equity Research Analyst | |
| Most common degree | Bachelor's Degree, 67% | Bachelor's Degree, 70% |
| Most common major | Computer Science | Finance |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between securities research analysts' and equity research analysts' demographics:
| Securities Research Analyst | Equity Research Analyst | |
| Average age | 42 | 40 |
| Gender ratio | Male, 80.9% Female, 19.1% | Male, 76.8% Female, 23.2% |
| Race ratio | Black or African American, 9.2% Unknown, 6.1% Hispanic or Latino, 9.0% Asian, 9.6% White, 65.7% American Indian and Alaska Native, 0.4% | 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 | 9% | 7% |