Sell-Side Equity Research Certification (ERC) – Wall Street Prep

Wall Street Prep’s globally recognized and comprehensive masterclass to everything you need to know to succeed in Sell-Side Equity Research

Earn a Verified Certification

Shareable on LinkedIn and Recognized by Employers

Earn 28.5 CPE Credits

The ERC™ is a NASBA-registered continuing professional education program

Globally Recognized

Used by the world’s leading financial institutions to train research associates and analysts

Comprehensive Training for the Sell-Side Equity Research Role

Learn Directly From Sell-Side Practitioners

This program is for those who are currently pursuing or are new to the sell-side equity research role. Guided step-by-step by experienced sell-side analysts, you’ll be immersed in the sell-side equity research role. Learn to construct and maintain a “sell-side model” and write research reports and notes, as you would on the job.

Go Beyond the Sell-Side Earnings Model

In addition to step-by-step technical skills, you’ll go through the thesis development process and gain an understanding of how to create a product that is consumed and valued by other functions of the bank, including capital markets and sales & trading, as well as by buy side investors.

Your Path to Certification
This Sell-Side Equity Research course covers essential skills from equity research basics to advanced financial modeling, valuation techniques and report writing. Each module is designed to build comprehensive expertise in equity research.

Earn the Sell-Side Equity Research Certification
All learners are eligible to earn Wall Street Prep’s globally recognized Sell-Side Equity Research Certification (ERC©). The certification is earned by successfully completing the final exam from each of the program’s 8 core modules. These online assessments can be taken any time after enrollment in the program.

What’s Included

ERC© 1: Equity Research Process

Module 1 of the Sell-side Equity Research Certification (ERC©) provides an overview of the equity research business and career. Students will learn how research fits into the investment banking industry, what a typical day for the equity researcher looks like, the coverage and initiation processes, among many other things

ERC© 2: Financial Statement Analysis

Module 2 of the Sell-side Equity Research Certification (ERC©) dives deep into how to analyze the three key financial statements. Here, we’ll learn about key metrics and ratios that can provide insights into how a company is performing, as well as how the financial statements connect to each other to provide a holistic view of the company’s financi …

ERC© 3: Thesis and Due Diligence

Module 3 of the Sell-side Equity Research Certification (ERC©) addresses one of the most important responsibilities of an equity researcher: building an investment thesis from the ground up. Students will learn about the pillars of a strong thesis and how to navigate the whole process that ranges from learning about the business fundamentals to hav …

ERC© 4: Writing Research Reports

Module 4 of the Sell-side Equity Research Certification (ERC©) begins by exploring the types of research reports and how they fit into the earnings cycle. We’ll look closely at the anatomy of a report, identifying key sections and their purposes using real-life examples. Students will learn about writing best practices and be ready to build their o …

ERC© 5: Financial Statement Modeling

Module 5 of the Sell-side Equity Research Certification (ERC©) is about building an entire equity research-specific, three-statement model starting from a simple Excel template and using it as a tool to support the investmen thesis. Students will learn about historical data and how to source it; consensus-based projections; variant-view projections …

ERC© 6: Relative Valuation

Module 6 of the Sell-side Equity Research Certification (ERC©) dives deep into the art and science of valuing a company and stock using the relative valuation method. We’ll focus on how to best use comps or multiples, exploring the fundamental reasons why a stock may trade at a rich or a discounted price.

ERC© 7: Intrinsic Valuation

Module 7 of the Sell-side Equity Research Certification (ERC©) shifts gears to discounted cash flow, or DCF. Student’s will start with the basics of time value of money, then quickly progress to more advanced topics like weighted average cost of capital (WACC) and a discussion about the most impactful drivers of value in DCF analysis.

ERC© 8: Professional Soft Skills

Module 8 of the Sell-side Equity Research Certification (ERC™) addresses the crucial, yet underappreciated topic of soft skills in equity research. Here, we’ll explain what it means to act professionally in a banking environment; the importance of the analyst-associate relationship; dealing with stress in the office and the long hours that are .

ERC© Bonus: Breaking Into Research

Breaking into equity research can be very hard, but an aspiring ER professional can gain an advantage by using the right tools and strategies. In this bonus module, we’ll see how an “application package” and the most effective LinkedIn tactics can help a college/MBA graduate or career switcher land a desirable job in equity research.

About the salepage

Wall Street Prep is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit.