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Cover sectors + companies; write reports for buy-side investors. CFA path common.
Equity research analysts cover specific sectors (IT, banks, pharma etc.) and write detailed reports on listed companies. Sell-side (IB-affiliated; reports for clients) + buy-side (mutual funds, hedge funds; reports for in-house PMs).
1 viable paths.
CA / CFA + MBA → ER analyst
Top route: CFA Level 2+ + finance MBA or B.Com Hons + CA.
Wide bands — real salary depends on city, employer, performance. Pick the midpoint for planning.
Associate → Sr Associate → AVP → VP → Director / MD
Top employers (informational, not endorsement)
Pros
Cons
Strong + growing with Indian capital markets.
Investment Banker / Equity Research
High-finance careers — M&A advisory, IPOs, equity research at investment banks.
Chartered Accountant (CA)
India's premier finance qualification. 4.5-5 years to clear; high pay + status if completed.