Research Analyst

Research Analyst

Research Analyst Equity Research

Join a top-ranked research platform where senior leadership makes an impact.

For more than 25 years, B. Riley Securities has built a reputation as a premier small- and mid-cap research boutique, and this positioning remains the backbone of our firm. We are actively growing from a platform of approximately 400 companies under coverage, and our fundamentals-based research is widely recognized across the Street for its exceptional stock-picking performance. We are seeking experienced research analysts who can drive coverage decisions while continuing to build our leading middle-market investment bank.

The B. Riley Securities Difference

Research Heritage & Market Leadership

• 25+ year legacy as premier small-cap research boutiquefounded in 1997 as a stock-picking firm focused on underfollowed companies, establishing our research-first foundation.
• Nationally recognized for proprietary research excellenceconsistently recognized for exceptional stock-picking performance with individual analysts achieving top rankings, including #2 among all Wall Street analysts by TipRanks and top-3 StarMine EPS accuracy rankings.
• Growing to over 400 companies under active coverageone of the most extensive small- to mid-cap research universes on Wall Street, focused on underfollowed or misunderstood companies.

Platform Excellence & Independence

• Pure-play investment bank structureoperating as a debt-free, independently governed entity with enhanced transparency and a dedicated small- to mid-cap focus.
• Proven transaction leadership250+ capital market transactions led since 2017, with $115 billion raised in debt/equity and more than $33 billion in M&A advisory.
• Differentiated thematic and proprietary research focused on small- to mid-cap companies with an emphasis on alpha generation.
• Unique insights gained through our value-focused strategy to unearth overlooked companies trading at a discount to intrinsic value, leveraging expertise across the B. Riley Securities platform.
• Multi-industry corporate access with thematic pop-ups offering unique investor insights.
• A full-service platformseamless integration across investment banking, M&A advisory, and capital markets, providing comprehensive deal flow visibility.

Leadership & Institutional Recognition

• Direct senior leadership engagementanalysts have a direct impact on firm research direction and coverage decisions, as well as active participation in investment banking initiatives.
• Premier investor conferenceshost of flagship 25th Annual Investor Conference (200+ companies, 1,000+ institutional investors) plus specialized industry conferences, including Consumer & TMT, Convergence, and Precision Oncology & Radiopharma.

Position Overview

The research analyst is focused on developing and maintaining equity research coverage within an assigned industry sector, producing insightful, cogent, and forward-looking analysis for institutional investors. This position requires establishing thought leadership in your coverage universe while actively supporting the firm's investment banking and capital markets initiatives with a focus on highly differentiated proprietary research product.

Base salary range: $135,000$175,000+, depending on experience and expertise

Key Responsibilities

Research Leadership & Coverage

• Possess in-depth knowledge of specific industry group and collaborate to identify companies for additional firm research coverage.
• Quickly establish equity research coverage within sector, demonstrating strong stock-picking capabilities.
• Write and prepare research reports, industry pieces, briefs, and flash notes with an emphasis on proactive, differentiated research.
• Develop and maintain detailed financial models, including DCF, comparable company analysis, and sector-specific valuation frameworks.

Executive Relationships & Business Development

• Establish and maintain strong executive relationships with covered and non-covered companies.
• Develop and maintain sources of information on companies through channel checks and primary research.
• Actively support the investment banking team in identifying and evaluating prospective clients.
• Command confidence and respect in meetings with C-suite executives and prospective clients.

Client & Sales Force Engagement

• Communicate effectively via meetings and reports with sales, trading, and institutional clients.
• Recommend the purchase, sale, or holding of securities with clarity and conviction.
• Answer inquiries from clients and the sales force regarding individual securities or industry groups with insight.
• Host and participate in roadshows, conferences, and event meetings to highlight and gain exposure to companies under coverage.

Team Development & Mentorship

• Supervise and mentor associates through regular performance appraisals.
• Assume a leadership role in recruiting junior personnel to support your coverage.
• Participate in the firm's mentorship program and quarterly stock-picking competitions.

Qualifications

Education & Experience

• Bachelor's degree (preferably in finance, business, or mathematics) with outstanding academic performance.
• MBA, CFA, M.D., or Ph.D. preferred.
• Minimum four years of experience in equity research, consulting, or finance-related fields.
• Proven track record as an excellent stock picker with demonstrable performance.

Technical Expertise

• Strong competence in financial modeling, valuation, and financial analysis.
• Understanding of corporate finance and equity markets.
• Proficiency with Bloomberg, BlueMatrix, and FactSet.

Licenses Required

• SIE, Series 86 and Series 87 licenses required.
• Support provided for license maintenance and continuing education.

Communication & Leadership

• Proven track record of verbal and written communication skills.
• Ability to articulate complex concepts to both buy-side clients and C-suite executives.
• Demonstrated ability to work in a fast-paced, team-oriented environment.
• Exceptional client and business development skills.
• Ability to network and build relationships across the industry.

Coverage Sectors

• 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

Benefits & Professional Development

Compensation & Benefits

• Competitive base salary with quarterly performance-based bonus structure.
• 401(k) profit-sharing retirement plan.
• Comprehensive medical, dental, and vision insurance.
• Company-paid life and disability coverage.
• Paid holidays, vacation, maternity, paternity, and sick leave.

Professional Development

• Mentorship program participation and leadership.
• Conference participation at industry and B. Riley Securities events.
• Continuing education support, including CFA program.
• Access to training programs and executive education.

About B. Riley Securities

B. Riley Securities provides comprehensive investment banking and capital markets services across all industry verticals, with our equity research platform serving as the intellectual foundation of the firm. Investment banking services include initial, secondary, and follow-on offerings; institutional private placements; M&A advisory; SPACs; corporate restructuring; and recapitalization. BRS is widely recognized for thematic proprietary equity research, and our clients benefit from our extensive network and industry expertise, as well as from the proven execution capabilities of our end-to-end financial services platform.