Research Analyst – Business & Information Services Equity Research

Job Description

Analyst/ Associate – Equity Research, Business & Information Services | Bank of America

The Tone:
This is a full-time role at Bank of America, located in the United States of America. Bank of America is a leading global financial institution, providing a full range of banking, investing, asset management, and other financial and risk management products and services. This role is crucial for delivering differentiated investment insights and actionable research on the Business & Information Services sector to institutional clients, contributing directly to client success and the firm’s thought leadership in a high-interest market.

The TL;DR
• Role: Early Career
• Type: Full-time
• Location: In-person, United States of America

• Team: Business & Information Services research team, reporting to a Senior Analyst
• Mission: To develop differentiated investment ideas and actionable research for institutional investor clients, primarily within the Business & Information Services sector.
• Tech Stack: Excel

What You’ll Actually Do
• Contribute to Research: Work with the Senior Analyst and team members to develop differentiated investment ideas and actionable research for institutional investor clients.
• Produce Reports: Write regular industry and company reports, including comprehensive company launch initiations developed from scratch, and participate in IPO-related vettings and analyst days.
• Perform Financial Analysis: Conduct complex financial modeling and valuation work, including detailed income statement, balance sheet, and cash flow statement analysis.
• Develop Insights: Build databases integral to the research product, demonstrate strong industry knowledge and business judgment, and seek out new, unusual sources of information to augment research capabilities.
• Engage Stakeholders: Interact regularly with sales, trading, and external institutional investor clients, responding to research inquiries during market hours, and building relationships with contacts at covered companies.

The Must-Haves
• Background: Bachelor’s degree or equivalent years of experience in Finance, Accounting, with a basic understanding of economics, macroeconomic factors, international affairs, and policy/politics.
• Experience: Minimum 3 years of experience on the sell-side or buy-side (research, investment banking) is preferred, with prior experience covering business and information services, financials, or software being a plus.
• Skills: Strong writing, modeling, and financial analysis skills (income statement, balance sheet, and cash flow statement in Excel); strong verbal communication skills with a demonstrated ability to generate differentiated investment insights and communicate complex ideas clearly; strong industry knowledge and business judgment.
• Bonus: CFA or other relevant professional certifications; credit skills; self-motivated, intellectually curious, and passionate about financial markets; strong attention to detail, ability to multi-task, and a strong work ethic; ability to work well in a collaborative team environment.