Research Associate - Equity ResearchB. Riley Securities | Arlington, VA Position OverviewAs a research associate, you will develop the analytical rigor and market instincts necessary to become a leading voice in equity research. Under direct supervision from senior analysts who will likely have risen through the ranks at B. Riley Securities themselves, you will have the opportunity to master fundamental analysis, financial modeling, and investment thesis development.
Base salary range: $80,000-$100,000, depending on experience
Location: Arlington, VA
Core ResponsibilitiesResearch & Analysis- Identify actionable investment opportunities through fundamental research and channel checks.
- Develop differentiated investment theses with clear catalysts and risk/reward frameworks.
- Monitor coverage universe for inflection points and communicate timely calls to team.
- Present stock ideas in monthly associate program competitions with conviction and supporting analysis.
- Conduct deep-dive industry research and primary research initiatives.
Financial Modeling & Valuation- Build and maintain complex financial models, including DCF, comparable analysis, and sector-specific frameworks.
- Demonstrate mastery of accounting fundamentals and financial statement analysis.
- Construct accurate forecasts and sensitivity analyses to support investment recommendations.
- Identify key debate points and valuation disconnects in coverage universe.
Research Production & Engagement- Draft institutional-quality research reports requiring minimal editing before publication.
- Communicate actionable ideas on morning/midday calls when appropriate.
- Execute information requests from sales force and institutional clients.
- Support corporate access initiatives connecting investors with management teams.
- Participate in earnings calls, investor meetings, and management presentations.
- Build relationships with company management teams and investor relations professionals.
Professional Development- Participate in firm activities, committees, task forces, and recruiting efforts.
- Attend external industry-related events.
- Support corporate access initiatives connecting investors with company management teams.
Professional Development TrackFoundational Excellence - Obtain all FINRA licenses (SIE, Series 86/87) within the first 6 months.
- Master financial modeling and accounting fundamentals.
- Develop inquiry skills to identify pertinent questions and debate points.
- Demonstrate "can do" attitude and independent resourcefulness.
Senior Associate Progression - Develop a thorough understanding of coverage names with proprietary insights.
- Proactively identify timely product ideas and facilitate coverage expansion.
- Competently respond to client requests independently when analyst is unavailable.
- Successfully construct complex models with accurate forecasting.
Analyst Readiness - Manage several names under coverage with minimal supervision.
- Develop and maintain corporate relationships, securing valuable access.
- Generate actionable ideas for the investment banking team.
- Lead new coverage launches from initiation through publication.
- Earn respect of sales and trading team through consistent value-add.
QualificationsEducation & Experience- Must have a Bachelor's degree in finance, economics, accounting, healthcare, or related field. Undergrads not accepted
- Demonstrated passion for public markets through investment club participation, personal investing, and/or relevant coursework.
- One to four years of experience in equity research or general finance (preferred but not required).
- CFA designation or active candidacy (preferred).
Technical Excellence- Superior analytical skills with deep understanding of financial and accounting principles.
- Advanced proficiency in Excel financial modeling and PowerPoint presentations.
- Experience with Bloomberg, Blue Matrix, and FactSet (preferred).
- Excellent verbal and written communication skills with the ability to express ideas effectively and fluently to an institutional audience.
Personal Attributes- Intellectual curiosity and passion for uncovering investment opportunities.
- Ability to manage multiple projects while maintaining attention to detail.
- Comfortable with direct client interaction and public speaking.
- Team player who thrives in a competitive team environment.
Licenses- SIE, Series 86 and Series 87 licenses preferred.
- If not currently licensed, required to obtain all necessary licenses within the first 6 months of employment.
Coverage SectorsResearch associates join teams covering sectors where B. Riley Securities has established expertise:
- Consumer, Media & Entertainment
- Diversified Industrials, Homebuilders & Building Materials
- Discovery Group (industry vertical unconstrained small-/mid-cap)
- Energy & Natural Resources
- Financial Services
- Healthcare
- Real Estate
- Technology
Compensation & Benefits- Competitive base salary range of $80,000 to $100,000 with quarterly performance-based bonuses and potential for additional associate program competition bonuses.
- Comprehensive medical, dental, and vision insurance.
- 401(k) profit-sharing retirement plan.
- Paid holidays, vacation, and sick leave.
Professional Development- Mentorship program: paired with a senior associate mentor.
- License support: sponsorship of all required FINRA licenses.
- Conference participation: opportunities to attend industry and B. Riley Securities conferences.
- Continuing education: access to training programs, industry seminars, and executive education.
Application ProcessWe are looking for exceptional talent to join our team. The interview process includes:
- Initial screen: Participate in phone interview with HR and hiring manager.
- Associate interview: Current team of associates evaluates your stock pitch and cultural fit.
- Technical assessment: Complete a modeling and writing test.
- Analyst interview: Senior analyst assesses analytical capabilities and sector knowledge.
- Final round: Director of Research evaluates overall potential and fit.
