beginnings
how I got started | The traditional way to become an equity
analyst is to get recruited straight out of business school. But I
basically broke in by doing different jobs within the finance industry. I
worked in marketing and corporate finance, but I always knew I wanted
to be an analyst. The question was getting a break. It took a lot of
networking. I knew somebody who knew somebody who knew somebody. It was a
bit of luck!
inspiration
why this job?| When I was in business school, I decided that this
was the part of the industry I wanted to work in. It came from
following what's happening in the markets and seeing the dynamic nature
of the industry. I saw a huge opportunity to use my analytical skills.
love
why I love this job!| I love the constant discovery process and
that nothing is the same every moment of the day. Information impacts
companies, stock, markets currencies etc and I constantly have to figure
out opinion is factoring every new data point. I love the fact that I
can make money for investors, who put a huge amount of their trust and
faith in us, with their hard earned savings. Plus, I get to meet some
fabulous and passionate people who come up in very different ways. It's
inspiring.
work
my typical day| I spend a large chunk of my time reading and
analyzing information and data. The data gathering process varies and
can be traveling internationally to meet companies and managements, or
can be reading through volumes of research and annual reports. I also
spend a large amount of time writing and translating my work into
actionable ideas which I then communicate to portfolio managers to have
impact on the funds.
challenges
what they are | The job is hard because its real money and that
can make it stressful. Even good investors can be wrong as much as they
are right. So it's a constant process of learning from your mistakes and
having the discipline not to repeat them. Also, the hours can be tough,
especially in the beginning. Even today I usually work 10-12 hour days
and travel frequently, which makes it hard to balance a family.
The hours can be tough at times, in part due to the travel required.
Meeting companies on their home turf and getting a view of local markets
is an important part of the research process and this can be tough to
balance with family life. But the fact that I get a differentiated
perspective of the end markets and get to meet very interesting and
inspiring people in these journeys makes it well worth the effort.
upside
all about growth | The job pays well when you do well. You make
money for the firm and investors and you get well rewarded for it. It is
fairly simple to see if I have added value or not, so in that way there
is limited ambiguity about one's performance. As the job is one which
is so dynamic, it's rare you even have the time to get bored. Many
analysts cover a number of sectors to learn different parts of the
market and they may end up actually managing money as portfolio
managers. Many also decide to be career analysts and can do this for a
very long time with out a dull day, ever.
More Info
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