Stock Exchange investment analyst
Jobs4u title: Stock Exchange investment analyst
James Brand is an equity analyst in the global markets team at Deutsche
Bank, helping to sell investment ideas to clients. He specialises in
researching UK utility companies, such as those who trade in gas and
What does your job involve?
My task is to know as much as possible about electricity, gas and water
companies so we can value how much they are worth. Our clients can’t be
familiar with every stock in the market, so they look to us for detailed insight.
By taking into account various factors, including our expectations for future
profitability, we try and predict the price of stock. This information is used to
advise clients whether they should buy, sell, or hold onto their stocks and
How do you research a company?
We take information from company reports and announcements, talk to
management, and consider the company’s strategy. We analyse how wider
factors will affect the company and this allows us to build up a detailed picture
of what to expect from the company in the future. There’s a lot of research
involved, as well as the questioning of decisions and how these may affect a
company. You need to really understand the industry and how it operates. In
my field of utilities, the retail price of coal, gas and electricity will influence
Who are your clients?
Essentially the bank trades in bonds, equities and derivatives (all are types of
investment) on a global basis. Our clients tend to include pension funds,
insurance and life assurance companies.
Do you talk to clients directly?
No, not at the moment, as I am not approved by the Financial Services
Authority (FSA). For now, my advice is restricted to internal sales people who
cover a wide range of stocks. Once I have gained further qualifications, which
will enable me to achieve approved status with the FSA, I will be able to talk
directly to clients.
Does your job involve much travelling?
When I’m more experienced, I’ll probably spend a couple of days every few
weeks visiting overseas clients. Currently, I focus on UK utilities, so I rarely
leave the City.
What is an average day like?
I generally work 12-hour days, starting at 7.00am, which is when new
company information is released. The first 20 minutes are spent catching up
on overnight and morning news, preparing for a 7.20am meeting with the
utility team. There is also a general research meeting and a broadcast to the
sales force. The day is then spent calling clients and writing up my research.
Information is continuous, so I juggle writing, research and attending meetings
with keeping a watch out for company announcements.
What skills are important for your job?
You need to be financially literate and have a definite interest in the business
world. Confidence, good communication skills and creativity are also
important. You’ll be expected to come up with original ideas. It’s also
important to enjoy research and analysis.
Why did you choose this career?
The job of an analyst matched my interest in business and skills in working
with numbers. You have the opportunity to be creative, accept challenges
early on and interact with customers. I like the fact that you’re not desk-bound
and talk to a wide variety of people.
• A levels.
• Degree of Economics.
• Equity analyst.
• Work hard at school and try to select business studies, economics or
• Read the Financial Times and track imaginary portfolios. It teaches you
how the investment system works.
• Be prepared for aptitude tests at interview stage. You’ll be competing
against European counterparts, not just UK graduates.
Stock Marker dealer/trader
Salaries for new investment analysts start from £30,000 to £35,000, with
potential bonuses worth up to 20 per cent. Salaries increase with experience.
For top investment analysts, the salary package could be worth £00,000 or
• Many analysts are recruited straight from university. Generally,
employers will accept any degree subject, but maths, politics or
economics are advantageous.
• Previous business experience is attractive to employers. A professional
qualification, such as in accountancy, may also be useful. Many analysts
do a summer internship in their second and final years at university, which
is an excellent route into the industry.
• Most jobs are based in London, although analysts work in all major
investment centres, including Europe, Asia and America.