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The differences between summer analysts and equity analysts can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a summer analyst and an equity analyst. Additionally, an equity analyst has an average salary of $103,715, which is higher than the $66,837 average annual salary of a summer analyst.
The top three skills for a summer analyst include strong analytical, financial statements and capital markets. The most important skills for an equity analyst are financial models, equities, and discounted cash flow.
| Summer Analyst | Equity Analyst | |
| Yearly salary | $66,837 | $103,715 |
| Hourly rate | $32.13 | $49.86 |
| Growth rate | 9% | 9% |
| Number of jobs | 44,912 | 51,437 |
| Job satisfaction | - | - |
| Most common degree | Bachelor's Degree, 80% | Bachelor's Degree, 74% |
| Average age | 40 | 40 |
| Years of experience | 4 | 4 |
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.
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.
Summer analysts and equity analysts have different pay scales, as shown below.
| Summer Analyst | Equity Analyst | |
| Average salary | $66,837 | $103,715 |
| Salary range | Between $43,000 And $102,000 | Between $68,000 And $157,000 |
| Highest paying City | - | Santa Rosa, CA |
| Highest paying state | - | California |
| Best paying company | - | The Citadel |
| Best paying industry | - | Finance |
There are a few differences between a summer analyst and an equity analyst in terms of educational background:
| Summer Analyst | Equity Analyst | |
| Most common degree | Bachelor's Degree, 80% | Bachelor's Degree, 74% |
| Most common major | Finance | Finance |
| Most common college | University of Pennsylvania | University of Pennsylvania |
Here are the differences between summer analysts' and equity analysts' demographics:
| Summer Analyst | Equity Analyst | |
| Average age | 40 | 40 |
| Gender ratio | Male, 72.5% Female, 27.5% | Male, 77.0% Female, 23.0% |
| 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% |