Why being a research geek will help you climb the career ladder

I am a first-year research associate in an equity research department. I have just spent several weeks putting together charts and data analysis for my boss. Building easy-to-understand Excel charts, graphs, statistics analysis and PowerPoint presentations is now what I do every day.

Is it worth it? Will it really help my career? I’d like to think so.

A lot of new comers (and even experienced people) have the wrong impression about banking careers. They think: “I should be doing something more meaningful, not just Excel and Bloomberg data piling.”

But I believe this type of number-crunching research is crucial to future success. Without it, junior bankers are just too “green” to give face-to-face presentations, or have direct dialogue with clients.

If you want to climb the banking ladder, you must do your research tasks well in order to impress your line manager. It’s vital to put your boss’s interests in front of yours. When my former manager was about to do marketing trips, I would spend days and nights doing marketing materials.

On one occasion, I spent two weeks on a 20-page PowerPoint presentation with another analyst. We wanted to make sure that the slides were up to date and easy to read, even for investment novices.

Always produce your best work when it can make your boss’s job easier. I learnt from senior analysts that they wanted to work with juniors who could share their workload.

From time to time, senior analysts might reward you with some guidance, but only if you do a high quality job. For example, I double check each of my PowerPoint slides to make sure every font size is correct.

A small glitch, such as a typo, looks unprofessional on a big screen. And eventually, the presenter (i.e. your boss) looks unconvincing because of the glitch. That’s not exactly helpful for you career!

Comments (3)
  1. Hi Geek,

    Any tips for a final year looking at getting it research?

    Is entry just as competitive as the IBD? What can candidates do to “stand out”?

    Degree wise – is accounting highly regarded, or more quant finance degree subjects required? I’m doing a Masters in Accounting and slightly concerned that there’s too little quant work involved. Will be doing the CA down the line.

    Typically, what’s your day-to-day modelling activities? Would you suggest self-taught prep before interviews?

    Any advice you can provide is greatly appreciated.

    Good luck with the job.

  2. Very good post and I’m glad something like that has been written up.

    I personally don’t mind doing this data gathering work as I know it will be beneficial to others in the long-run.

  3. Sorry, am I the only who finds that last sentence ironic? Spelling only matters for your boss?

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