Do you think you can use one resume to apply for the jobs? Well, think about it a little harder. The answer is no.
In fact, you must create a fresh resume for the different positions and companies you are applying for.
This will ensure that you have a personalized approach and that a focused resume has a greater chance of being selected by the HR personnel for an interview.
But what should the resume of equity research analyst cover letter and the entry-level equity research analyst resume actually look like? What are the main points that you should remember? What kind of language should you use? Well, there are a lot of questions revolving around them. So, let us explore some of the finest tips that you should know while creating an entry-level financial analyst resume.
Key Tips To Create The Equity Research Analyst Resume
When creating a resume, there are certain factors that one should keep in mind. Most of these factors are linked to the content and aesthetics of the resume to ensure that the resume gets the required visibility and acceptance when reaching the desk of HR or any company. The main reason is that a resume is considered your first point of contact with any company. A resume that is designed perfectly not only attracts HR but also increases the chances of being selected.
So, here are some points that one should remember while creating a resume.
1] Keep it short, simple, and direct
As per CareerBuilder, around 24% of the managers only spend around 30 seconds looking at a resume. Think about it, if your resume is not effective enough, it will be rejected in less than a minute. So, it makes it quite important to design your resume in a short, simple, and direct manner. Highlighting the sections appropriately will help smoothly highlight the key skills and expertise to the recruiter.
Regarding equity research analysts, the direct sections should include the work experience, skill set, additional qualifications, and accolades that will help HR check your capabilities and understand your profile better. All these should be included under the relevant experience. Clearly mention the career objective of the equity research analyst job position that you are applying for.
2] Avoid copying from others
Many people consider resume making hard, but that is not true. Most recruiters appreciate originality and relevance. When your resume is made from scratch, it will reflect your true self rather than modifying a resume that is made using some of the predefined outlines or templates. That doesn’t mean you cannot use the already available templates, but you must edit the template according to your requirements. Again, as per Careerbuilder, the top reasons for rejecting a resume include impersonal applications (84%), lack of customization (54%), and no thank you note (57%).
An equity research analyst will include writing the right headline, experience, and the projects you have worked on. If you are a fresher and have completed some internships, it is also equally important to add to your resume. A good example of the experience is, “Developed valuation models for M&A and liquidity to understand the positioning of the company in the market.” This will highlight areas you have worked for and focus on customization.
3] Make sure to highlight your skills aptly
As per CareerBuilder, 61% of employers believe that hard skills are as important as soft skills. This means that you need to highlight all your skills in the right manner so that when the employer scrolls through your resume, he is able o understand your potential. The most common hard skills include MS Office, MS Excel, Project management, Computer languages, and others, while soft skills include leadership, communication, time management, multi-tasking, and others.
When it comes to an equity research analyst’s resume, the top skills it should include are financial modeling, statistical analysis, equity market tools, leadership, communication, report writing, time management, analytical, and others. Though you can list all these skills directly if you have any link to your previous work samples or awards, it is always better to add those when sending the online resume. This will allow the employer to check the credentials and build trust. You can always learn equity research courses to make sure you have the right set of skills required.
4] Adding numbers is an effective strategy
Most of the resumes lack numeric expressions. Adding numbers will help the recruiter better understand your potential and make decisions more lucidly and simply. But at the same time, you should avoid lying on the resume regarding your success or growth achieved. As reported by CareerBuilder, 3/4th of the employers have caught lies on resumes, leading to rejections.
When it comes to the resume of an equity research analyst, it is always a good idea to quantify your achievements with figures when writing about your past work experience. You can use metrics to emphasize your accomplishments and provide the hiring manager or recruiter with a clear picture of how you influenced your prior employer. A simple example of this is the analysis of the companies or stocks done and the growth rate achieved. A quantifiable deal that one can include is “Assisted the previous company in leveraging the opportunities, thereby resulting in 15% growth in ROI.”
5] A career snapshot in chronological order is a must
It is important to write your career path in chronological order when designing your resume. The first job at the top should be the current post, while the job at the end should be the first job you completed. These jobs should have the company’s name, tenure, and your post name with the details of the work done. The career snapshot is the logical representation of how the company can perceive your performance and your experience for their post.
As an equity research analyst profile, you should always start with the internship or the junior level when it comes to a career path. At the top of the list should be your current profile that you are working in or the last job profile that you left. With each profile, highlight your tasks, responsibilities, and day-to-day work in bullet format for easy access and understandability.
6] Be consistent in formatting throughout
When applying for a job, one of the biggest mistakes you can make with your resume is avoiding consistent formatting. It means most people add multiple fonts, font sizes, colors, and patterns to the resume, making it look cluttered and unmanaged. Additionally, using a highly creative font will make it difficult for the reader to understand the text quickly, leading to rejection in minutes. Also, it is advised to keep your resume to a max of 2 pages and not above. As per Forbes, around 3/4th of the qualified applicants are rejected by the ATS because the software finds it difficult to read the resume.
So, the best advice is to write the resume in font size 12, and you can select from any simple font style like Calibri or Times new roman. The head should be bold and a bit bigger in size, say 16, and there should be proper spacing throughout. No whitespace or anything should be left in between. Additionally, your personal information should come at the end, and there is no need to add all the addresses like residential, current, and permanent.
7] Language and grammar is important
Formatting is important, but Language and grammar are equally important. If there are typos, errors, grammar mistakes, and others, there are chances that the manager might reject the resume in the blink of an eye. Proofreading and checking the entire content that you have listed is very important if you wish to make the right first impression. While most people fail to make this, there are chances that one might reject such a person based on assumptions like laziness, improper behavior, lack of management skills, and others.
For the equity research analyst position, your resume should be in the proper format while ensuring that you avoid a lot of jargon. The Language should be simple, and all your details should be mentioned to the best of your knowledge. Using power words like ‘professional,’ ‘results-driven,’ and ‘detail-oriented’ can offer you much better visibility as compared to your competitors.
8] Social media profiles are important
When we say that social media profiles are important, we surely do not point toward TikTok or Facebook. It is important to understand that these are profiles created on LinkedIn, Twitter, GitHub, or even some blogs. Suppose you have some publications in your name or a Youtube profile where you offer worthy content, then one can add that. When applying for a creative or content-linked position, these are very useful.
For the equity research analyst, the Linkedin profile is quite crucial. Make sure that you keep it updated and set so that you are ensured that the visitor can check your latest achievements and skills. Your social profiles can be a great way to augment your knowledge and position as an expert in your area, but only if you use them effectively.
One important fact that you should know here is that nearly 3/4th of the managers have caught lies on their resume, as per the CareerBuilder. So, it is advised to add only the skills and achievements that you actually have. Exaggerating can lead to rejection and, in the worst-case scenario, can also lead to blacklisting.
To understand this better, here is a sample of the wrong resume and the right resume that you should know
What About The Cover Letter?
Well, most of the tips remain the same when you are creating the cover letter. But some additional points that you should remember here include the following:
- Do not repeat what you have already written in the resume in the same way.
- Try to write the cover letter in such a way that it tells the story of your career, growth, and achievements.
- Again, be relevant and avoid taking around. Write what is needed and in the exact format that it is needed.
- The cover letter should always focus on what you know and not what you don’t. So, when you format the cover letter, make sure that you write in a manner that highlights your knowledge.
- For every job application, focus on writing a custom cover letter. It should be one that actually gives the answer to the position you are applying for.
- Try to address the cover letter to some person. If you cannot find the relevant name or person, you should always address the same to Hiring Manager.
- Do not use the clingy words like “go-getter” or “team player,” but rather focus on the power terms like “initiated” and “collaborated.”
- Proofread twice to see if there is anything missed or if everything is right. Make sure there is no error of any kind in the entire letter.
- Select a light color tone, preferably black and white, with one more shade for bullets or anything that can be either blue or any other light shade.
- The head should be your name, followed by your email ID and contact number.
Applying for a job is simple, but actually getting the job is not. You need to be very focused and skilled and should have the required skillset when you are actually looking to get the job. Being the start point of contact, a resume should highlight all your skills and knowledge in the right way. There should not be any lies or loopholes in your resume or cover letter, as this can potentially lead to rejection. Right formatting, correct seize, apt information, and thank you note at the end can help you to actually get listed. In the end, it should reflect you as a person in your cover letter and resume. Since the hiring manager might have been in the position for years, it will be easy for him to spot the errors, and in such a scenario, you might not only get rejected but can also get negative feedback wrong for your career.
So, with these tips in your hand, start building your resume today and get the right job that you are looking for in no time.