Equity Research Analyst

About the Analyst

The Analyst started life in 2010 as a blog run by buy-side analysts obsessed with stock picking, forensic research, and uncovering what others missed - calling out bad governance, spotting accounting tricks, and catching inflection points ahead of the market. That mindset still drives everything we do.

Today, we're a leading independent equity research provider, delivering differentiated, high-conviction ideas to an exclusive client base of some of the world's leading mutual funds and hedge funds. We've grown, refined our processes, and expanded our coverage - but we've never compromised on our independence or the rigour behind our work.

Today, we're a close-knit team of 18 spanning Research, Sales, Compliance, Finance, Creative, and Operations. We work in a lean, collaborative way - people are trusted to take ownership, contribute ideas, and have genuine impact.

Our Research team currently consists of four Senior Analysts (including our Founder/CEO), one Analyst, and one Junior Analyst. As we continue to grow, we're hiring at both Analyst and Junior Analyst level.

The Role

We're looking for an Equity Research Analyst to join our Research team. You'll work across the full research process - from idea generation to client-ready output - with meaningful exposure, responsibility, and the opportunity to build your own coverage over time.

We would expect rapid progression to work independently, at which point you will be responsible for identifying investment ideas, meeting management teams in the UK and overseas, modelling companies, writing investment research, and communicating your work to our clients.

What You’ll Do

• Research securities across target industries and companies to provide investment recommendations
• Develop and communicate original investment ideas, supported by rigorous analysis
• Build, own, and maintain financial models; create charts, dashboards, and supporting material
• Write research reports and investment notes to a standard ready for senior review and client distribution
• Conduct primary research from industry sources, including company meetings and management access in the UK and overseas
• Monitor portfolio companies and sectors, flagging relevant developments to the team
• Maintain up-to-date knowledge of industry developments and current events

What We’re Looking For

• Experience in equity research, investment management, or a closely related field
• Proven ability to build, own, and update financial models
• Track record of developing and communicating investment theses clearly in writing
• Strong judgement and a proactive approach
• Comfortable balancing pace, quality, and shifting priorities
• Comfortable operating with autonomy and accountability
• Intellectually curious with strong attention to detail
• Commercially minded with a genuine passion for investing
• Strong written communication - able to articulate investment thinking clearly and concisely

Training & Development

The most important part of your development will be working alongside our experienced senior analysts, with real responsibility from day one. We are fortunate to count many of the world's leading investors among our client base - you will learn not only from your colleagues but by sharing your ideas with, and having them challenged by, some of the most rigorous investors in the industry.

We provide full sponsorship to study for the CFA programme and will work with you to identify any additional courses or qualifications that will benefit your development.

Over time, there are real opportunities for increased responsibility and progression within equity research.

How We Work

As a small team, we rely on trust, ownership, and open communication. We keep things lean and collaborative - decisions are made quickly, responsibilities are shared, and everyone is encouraged to contribute ideas across the business.

Location & Working Pattern

This role is based in our Clapham North office, four days a week (Monday–Thursday), with Fridays remote. Being in the room matters to us - it helps us move quickly, share context easily, and solve problems together more effectively. Wednesdays are our main collaboration day when the whole team is in together.

Occasional domestic and international travel may be required.

Benefits & Perks

• Hybrid working - four days in our Clapham North office, with Fridays remote
• Private medical insurance with BUPA, including mental health cover and 24/7 digital GP access
• Dental insurance with BUPA
• Pension scheme with employer contributions
• Life assurance and critical illness cover
• Employee Assistance Programme - including counselling, financial and wellbeing support
• Weekly team lunches, quarterly socials, and an annual company offsite
• Learning and development support
• Wellbeing initiatives - from fitness and nutrition sessions to mindfulness

How to Apply

We’d love to hear from you. To apply, please submit a single PDF containing the following:

1. Your CV
2. A cover letter – tell us what drew you to The Analyst, why you'd thrive in a small, research-driven team, and what's sparked your interest in making the move
3. A maximum 300-word investment thesis on one stock you believe presents a compelling opportunity — long or short

The application questions form an important part of our review process, so please ensure they're completed as part of your application.

We review applications on a rolling basis and may close the process early - we'd encourage you to apply soon.

Interview Process

Our interview process is likely to include:

1. Intro call – a short conversation to learn more about your background, talk through the role and answer any initial questions.
2. First stage interview – a more detailed discussion about your experience, approach and interest in equity research.
3. Second stage interview and practical task – an opportunity to complete and discuss a task designed to reflect the type of work involved in the role, while exploring your thinking and approach in more depth.
4. Final interview – a conversation with our Founder & CEO to answer any remaining questions and give you a better feel for the team and business.

If you require any adjustments or support at any stage of the process, please let us know.

Diversity & Inclusion

The Analyst is an Equal Opportunity Employer. We are committed to building a team that reflects a range of backgrounds, perspectives, and experiences - and to creating an environment where everyone feels respected, supported, and able to do their best work. All qualified applicants will receive consideration for employment without regard to age, disability, gender reassignment, marriage or civil partnership, pregnancy or maternity, race, religion or belief, sex, sexual orientation, or any other characteristic protected by law.