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Careers
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Equity Research: Research Associate Position
Research associates work in partnership with our analysts to provide coverage of a growth industry.
As a research associate, you will learn security analysis as you complete the following tasks:
- Conducting in-depth research on exciting growth companies
- Building, updating, and analyzing financial models
- Writing company-specific and industry research notes and comprehensive reports
- Interviewing management teams
- Communicating with the institutional salesforce, other internal constituents, and clients
- Monitoring company-specific and industry news and events
If learning security analysis from seasoned professionals, gaining knowledge of specific industries,
and working in an exciting and dynamic workplace appeals to you, then the role of an equity research
associate may be right for you.
We seek ambitious and highly motivated individuals with well-developed multitasking capabilities. When
filling the role of research associate, we typically look for candidates with the following qualifications
and experience:
- Bachelor's degree required, with concentration in finance or accounting preferred
- Minimum two to three years of work experience
- CPA, CFA designations a plus
- Experience building and analyzing financial models
- Exceptional written communication skills
- Internet/computer proficiency including Microsoft Office (with particular emphasis on Word and Excel)
- Familiarity with FactSet and/or Bloomberg desired
FAQs
What are the hours like?
Research associates can expect to work about 60 hours per week. This will vary depending on the time of year and the current demands placed on your research team.
How much travel is involved?
This varies, as some research associates rarely travel, and others travel frequently. Travel schedules depend on work flow and your development as a research associate.
What is the career path for research associates at William Blair &
Company?
Outstanding research associates may have the opportunity to be promoted both within the three tiers of
associatesjunior research associate, research associate, and senior research associateand
to the role of research analyst. More than one-quarter of analysts were previously associates with William
Blair & Company.
What can I expect to get out of my experience?
Research associates develop strong writing and financial modeling skills. They gain the ability to
quickly analyze vast amounts of information and communicate concise conclusions. Our associates gain
valuable experience interacting with senior levels of management. In summary, our research associates
have the opportunity to learn the fundamental skills required to be research analysts.
Research Associate Profiles
| Junior Research Associates |
| Employee: |
Rahul Bhangare |
| Industry: |
Technology: Business Software & Services, IT Services |
| Education: |
B.S. in Finance and Accountancy - University of Illinois at Urbana-Champaign |
| Joined: |
June 2009 |
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Why did you choose the junior research associate role at William Blair & Company?
"I chose the junior associate role at William Blair because it offered a unique opportunity to apply my
love of technology to my degree in finance. I was also attracted to William Blair's flat structure,
which I knew would give me exposure to a wide array of opportunities that an entry-level candidate
would not normally be able to experience."
What have you gotten out of the role and why would you recommend it to others?
"I would recommend the junior associate position because it is an excellent opportunity
to develop an understanding of financial markets and the industries that drive them. William Blair
has helped shape me as a financial professional and has played an integral role in teaching me skills
that I will be able to apply throughout my career."
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| Employee: |
Thomas Dillon |
| Industry: |
Business Services: Education Services, Real Estate Services |
| Education: |
B.B.A. in Finance - University of Iowa |
| Joined: |
January 2010 |
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Why did you choose the junior research associate role at William Blair & Company?
"I saw the junior associate role as a unique opportunity to work side-by-side with a
seasoned sell-side analyst at one of the top firms in the industrya first-year job with that
kind of direct exposure is hard to come by. Also, I knew I wanted to work with highly motivated,
supportive people in a team atmosphere; William Blair was a perfect fit."
What have you gotten out of the role and why would you recommend it to others?
"Coming right out of undergrad and working with the best and brightest has allowed
me to quickly develop my financial modeling skills, ability to conduct in-depth research, and
aptitude for interacting with senior management. You gain a deep understanding of equity analysis
in a vigorous work environment while developing specific sector expertise, which can give you a
distinct advantage over your competition."
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| Research Associates |
| Employee: |
Kristina Blaschek |
| Industry: |
Healthcare and Veterinary Services |
| Education: |
M.B.A. from the University of Chicago Booth School of Business
B.B.A. in finance from Loyola University |
| Joined: |
April 2007 |
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Why did you choose the research associate role at William Blair & Company?
"I found the research associate role at William Blair & Company appealing given the quality of the people and the reputation of the firm. William Blair’s great culture combined with a global platform offered a unique opportunity to develop my sell-side equity research skills."
What have you gotten out of the role and why would you recommend it to others?
"The role offers the opportunity to multitask daily, with responsibilities including financial modeling; writing company-specific or industry pieces; performing fundamental research; and communicating with our internal salesforce, senior management of companies, or external clients. Combined, these tasks enable me to understand industry and market dynamics that affect the healthcare services sector. I recommend the research associate role to those interested in a rewarding opportunity to form differentiated investment opinions and to provide the best equity investment ideas to help institutional investors, our clients, make investment decisions."
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| Employee: |
Bryan Shea |
| Industry: |
Consumer: E-commerce, Hardlines Retailers |
| Education: |
B.S. in Finance - Indiana University |
| Joined: |
May 2009 |
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Why did you choose the research associate role at William Blair & Company?
"I was attracted to the research associate position at William Blair because I've always
had an interest in the equity markets, and I felt this was an opportunity to advance my equity
analysis skills while working for a firm that is highly regarded for the quality of its research
reports. I was also drawn to the team setting and high level of expertise that is visible within
each of the industry groups."
What have you gotten out of the role and why would you recommend it to others?
"Working in equity research has allowed me to develop an industry focus and interact
closely with management teams at some of the most well-known companies in the world. Further,
the associate role has provided challenges that have encouraged me to perform at the best of my
ability while developing a skill set that I will be able to use throughout my professional
career. I would recommend this position to people with an interest in investing and learning
about the fundamental drivers of the market.
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| Senior Research Associate |
| Employee: |
Ryan Merkel |
| Industry: |
Industrials |
| Education: |
B.S. Finance - Indiana University |
| Joined: |
April 2005 |
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Why did you choose the senior research associate role at William Blair & Company?
"I was drawn to the research associate position at William Blair because I wanted to
learn equity analysis from an industry leader, with a reputation for high-quality, in-depth research.
I also wanted to develop a specific industry expertise, which is an opportunity unique to the sell
side."
What have you gotten out of the role and why would you recommend it to others?
"For me, learning the firm's rigorous, fundamental approach to investment analysis has
been my greatest reward. I'd encourage others to consider applying to the firm because no two days
are the same, and you can expect to be surrounded by people eager to help you succeed." |
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