A Day in the Life
Alvaro, Global Industry Research Associate
7:45 am
Reviewing an online news source this morning, I discover an announcement from one of the companies I follow. I notify the industry analyst I work with so he can be prepared for questions from colleagues about the announcement before the Morning Meeting begins.
8:30 am
I meet other research associates in the Morning Meeting room. A debate ensues among a global industry analyst, portfolio manager, and a team analyst. I listen to their views and think about the potential implications for the stocks I follow.
10:00 am
I am picking up coverage of a new company, and the management team has come to meet with some of our investment professionals. Since I am hosting the meeting, I have reviewed their filings and prospectus, and prepared a number of questions.
11:00 am
I spend the next few hours working on a financial model for the company and preparing my investment recommendation. I talk to several analysts and portfolio managers about the company and other topics. In addition, a portfolio manager has become interested in one of the companies I follow. I take some time to stop by his office to share my view on the company before stepping outside for a short lunch by the harbor.
2:00 pm
I prepare for back-to-back conference calls with companies I cover. It appears that quarterly earnings for one of them will exceed expectations, so I am prepared to ask management about the sustainability of growth.
4:00 pm
After adjusting my financial models based on the calls, I confer with a number of analysts and portfolio managers to get their thoughts on some ideas. My confidence in one of my companies has been boosted significantly and I decide to recommend its purchase to the analyst I work with.
6:00 pm
I end my day by catching up on emails and writing down what I have to do before the market opens tomorrow. It has been a great day: I was given several opportunities to learn from some of the brightest people in my field, test my ideas, and demonstrate my own potential.