Senior Equity Research Analyst – Financial Services Break into bfsi

The Corporate Institute; Mumbai; On-site; INR 3,000,000 - 5,400,000; Full time

Job summary

The Corporate Institute in Mumbai is seeking an Equity Research Analyst with 10-15 years of experience to join its research team. The role focuses on fundamental equity research, building comprehensive financial models, and generating independent investment recommendations including Buy, Hold and Sell ratings.

You will develop research views, set target prices, publish research reports and track coverage of listed companies, while engaging with institutional investors and management to convey

Qualifications

• 10–15 years of experience in Equity Research.
• Experience covering listed companies with independent investment views.
• Strong financial statement analysis and valuation skills.
• Ability to develop investment theses and defend research views.

Responsibilities

• Conduct detailed fundamental research on listed companies across sectors.
• Independently analyze companies, industries, and growth prospects.
• Develop and maintain financial models, earnings estimates and valuations.
• Initiate and maintain coverage; formulate Buy/Hold/Sell ratings and targets.
• Publish initiation, updates, company and sector reports and thematic research.
• Track quarterly results, presentations, and industry developments.
• Interact with institutional investors and management; provide timely insights.

Skills

Equity Research

Financial Modelling

Valuation

Investment Recommendations

Report Writing

Communication Skills

Education

CFA / CA / MBA (Finance) or equivalent

Job description

Equity Research Analyst

Location: Mumbai

Experience: 10-15 Years

Industry: Financial Services / Capital Markets

Role Overview:

We are looking for an Equity Research Analyst to join the research team of a leading capital markets firm. The role will involve conducting fundamental equity research, covering listed companies, building financial models, and generating independent investment recommendations including Buy, Hold and Sell ratings. The candidate will be responsible for developing research views, setting target prices, publishing research reports and closely tracking companies under coverage.

Key Responsibilities:

• Conduct detailed fundamental research on listed companies across assigned sectors.
• Independently analyse companies, industries, business models, financial performance and growth prospects.
• Develop and maintain financial models, earnings estimates and valuation models.
• Initiate and maintain coverage on companies and formulate clear investment recommendations.
• Assign and regularly review Buy / Hold / Sell ratings and corresponding target prices.
• Prepare and publish initiation reports, result updates, company reports, sector reports and thematic research reports.
• Track quarterly results, investor presentations, management commentary, corporate announcements and industry developments.
• Evaluate key business drivers, earnings growth, valuation, management quality, competitive positioning and investment risks.
• Conduct peer comparison and relative valuation analysis.
• Revise earnings estimates, target prices and investment ratings based on new information and changing business fundamentals.
• Participate in management meetings, analyst meets, investor conferences and earnings calls.
• Develop differentiated investment views and identify potential investment opportunities and catalysts.
• Interact with institutional investors, fund managers and sales teams to discuss research views and investment ideas.
• Provide timely research updates and actionable insights to clients.

Candidate Profile:

• 10-15 years of experience in Equity Research.
• Prior experience in Sell-Side / Institutional Equity Research is preferred.
• Must have experience covering listed companies and independently generating investment views.
• Should have hands-on experience in stock recommendations, target price setting and Buy / Hold / Sell ratings.
• Strong understanding of financial statements, business analysis, valuation and financial modelling.
• Ability to independently build an investment thesis and defend research views.
• Strong research report writing and communication skills.
• Experience interacting with institutional investors, fund managers and company management would be an advantage.
• CFA / CA / MBA (Finance) or equivalent qualification would be preferred.