| Aspect | Sell Side Equity Research Internship | Buy Side Equity Research Analyst |
|---|
| Credentials | Typically pursuing or holding a finance, economics, or related degree; internships may not require certifications | Often requires a degree and relevant certifications like CFA |
| Work Environment | Internship in investment banks or brokerage firms, focused on producing research reports | Full-time role in asset management firms, hedge funds, or mutual funds, making investment decisions |
| Industry Usage | Commonly used in investment banks and brokerage firms for client services | Primarily in asset management and institutional investing |
The main difference between a Sell Side Equity Research Internship and a Buy Side Equity Research Analyst lies in their roles and environments. Internships are entry-level positions focused on supporting research for client services, while buy side analysts make investment decisions for funds. Internships often serve as a pathway to full-time buy side roles, with the latter involving more responsibility and decision-making authority.