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Associate - Equity Research: Industrial Machinery

Bank of America
New York, United States, United Statesfull_timeVerifiedPosted 25 Feb 2025
💰 $175,000/yr($110,000/yr$175,000/yr)

About the role

Job Description:

The Industrial Machinery team covers over 40 stocks including several of the large cap global industrial stocks including Caterpillar and Deere along with other large corporates spanning heavy trucks, construction and mining machinery, agriculture, oil and gas equipment.  The team also covers the Power Tool, Engineering and Construction and Environmental Services sector and is known for its ability to pair macroeconomics and strategy with rigorous bottoms up research.

Responsibilities

  • Perform complex financial modeling & valuation work
  • Write regular industry and company reports and company launch initiations from scratch
  • Develop databases integral to our research product
  • Demonstrate strong industry knowledge and business judgment
  • Work with Senior Analysts to develop key industry themes
  • Build relationships and facilitate information flow with contacts at covered companies
  • Participate and contribute to client meetings and events
  • Attend meetings and interact with key opinion leaders
  • Closely follow and understand market, industry and company specific activity, and relay to analyst when traveling
  • Seek out new, unusual sources of information
  • Leverage our robust network of industry contacts
  • Interact regularly with clients

Qualifications

  • Bachelor’s Degree or equivalent years of experience
  • 3+ years of experience in Equity Research, Investment Banking or consulting
  • Strong writing and modeling skills. Must be an expert at MS Word and MS Excel
  • Must be able to thrive in a fast-paced and intense environment
  • Must have excellent communications skills, written and verbal
  • Must enjoy following the stock market and doing desktop and field research
  • Along with Finance and Accounting, should have basic understanding of economics, macroeconomic factors, international affairs, and policy/politics
  • Must have strong attention to detail, ability to multi-task

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Pay Transparency details

US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)

Pay and benefits information

Pay range

$110,000.00 - $175,000.00 annualized salary, offers to be determined based on experience, education and skill set.

Discretionary incentive eligible

This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.

Benefits

This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.

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Company

Bank of America

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