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In equity research, the goal is to get clients to pay for the teams research consistently , but revenue does not depend on deals or other specific events. Equity research recruiting tends to be less structured, though the bulgebracket banks and elite boutiques still run traditional processes that start over a year before summer internships.
Admittedly, not all banks did this, and many bulgebracket firms will start in the normal time frame of January – March. Yes, you can read guides , take courses , and watch YouTube videos , but you should also spend a few hours building simple DCF models or 3-statement models to learn the key concepts.
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