Remove Boutique Remove DCF Analysis Remove Stock
article thumbnail

Equity Research vs. Investment Banking: Careers, Compensation, Exits, and AI/Automation Risk

Mergers and Inquisitions

Equity research recruiting tends to be less structured, though the bulge bracket banks and elite boutiques still run traditional processes that start over a year before summer internships. Sure, some Analysts add value and understand companies at a deep level, but do we need 30 teams covering a single large-cap stock? No, probably not.