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Equity Research Analyst

Equity Research Analysts evaluate listed companies, build financial models, and issue investment recommendations for brokerages, mutual funds and institutional investors in India. The role blends accounting, valuation and sector research and often requires internships or postgraduate finance credentials for senior roles.

Salary range
₹5–30 LPA
Job growth
high
Work type
Office / Hybrid
Paths to entry
4 routes

Actions for your grade

  • Choose subjects that keep options open (Maths, Accountancy basics if available)
  • Start reading annual reports and quarterly headlines
  • Learn basic Excel functions (sums, averages, charts)

Your complete path from Grade 10 to Equity Research Analyst

Every step you need — from now to your first job.

B.Com / BA Economics (UG)
Commerce

Strong internships, financial modelling and sector knowledge can lead to analyst roles after graduation.

  1. Now
    Commerce Stream
  2. Exams
    CUET UG
  3. Degree
    B.Com (Hons) or BA Economics (3 years)
  4. Colleges
    University of Delhi · St Xaviers College Mumbai · Christ University Bangalore
  5. Career
    Equity Research Analyst
B.Tech → MBA/Finance
Science

Engineers with strong quantitative skills often move into equity research after an MBA or via summer internships.

  1. Now
    Science Stream
  2. Exams
    JEE Main or JEE Advanced
  3. Degree
    B.Tech (4 years) followed by MBA/PGDM in Finance (2 years)
  4. Colleges
    IIT Bombay · IIT Delhi · IIT Kanpur
  5. Career
    Equity Research Analyst
Chartered Accountant (CA)
Commerce

CAs with good report-writing and sector expertise are well-suited for fundamental equity research roles.

  1. Now
    Commerce Stream
  2. Exams
    CA Foundation
  3. Degree
    CA (ICAI) — professional qualification (3–4 years including articleship)
  4. Colleges
    Institute of Chartered Accountants of India
  5. Career
    Equity Research Analyst
MBA (Finance) / PGDM
Any Stream

Top B-schools open doors to sell-side and buy-side equity research teams; internships during the MBA are key.

  1. Now
    Any Stream Stream
  2. Exams
    CAT
  3. Degree
    MBA / PGDM in Finance (2 years)
  4. Colleges
    IIM Ahmedabad · IIM Bangalore · IIM Calcutta
  5. Career
    Equity Research Analyst

Entrance exams

ExamEligibilityDifficultyWindow
JEE Main
NTA
Class 12 PCMVery HardJan & Apr
JEE Advanced
IIT (rotating)
JEE Main top 2.5LVery HardMay
CUET UG
NTA
Class 12 (any stream)MediumMay-Jun
CAT
IIMs
Bachelor's degree 50%+Very HardNov
CA Foundation
ICAI
Class 12 passHardJun & Dec

Where to Study

Institutes known to offer this career pathway in India.

University of Delhi
St Xaviers College Mumbai
Christ University Bangalore
IIT Bombay
IIT Bombay
Central GovtMumbai, Maharashtra
JEE Advanced + JoSAA
IIT Delhi
IIT Delhi
Central GovtNew Delhi, Delhi
JEE Advanced + JoSAA
IIT Kanpur
Institute of Chartered Accountants of India
IIM Ahmedabad
IIM Bangalore
IIM Calcutta
Recommendations only — verify eligibility, seat availability, and admission rules from official portals before applying.