About

The Equity Research Group is a student-run research organization at Northeastern University, seeking official university approval. Members own coverage of under-followed public companies and produce institutional-quality equity research.

The Gap

We focus on the small and mid-caps the sell-side underfollows.

$10B

Most equity research happens above this line.
We work in the $300M–$10B range below it.

True ownership

Unlike broad investment clubs that rotate members through generic projects, the group gives each member true ownership of a coverage universe.

Original research

The small-cap focus ensures original research rather than regurgitation of Street consensus.

Nowhere to hide

The industry structure creates clear accountability and specialization — every role has a defined owner, and there is nowhere to hide.

Coverage

Industry Coverage

ERG organizes its coverage universe into five industries, each owned by a dedicated industry lead.

View Members

Technology

Software (Enterprise / SaaS) · Semiconductors · Internet & Platforms · Gaming & Interactive Media · Cybersecurity · AI & Data Infrastructure

Industrials & Defense

Machinery & Industrial Equipment · Defense · Aerospace · Transportation & Logistics · Commercial & Professional Services

Financials

Banks · Fintech · Asset & Wealth Management · Real Estate · Capital Markets · Private Credit

Resources & Real Assets

Energy · Materials & Chemicals · Utilities & Renewables · Exploration & Production · Oilfield Services & Equipment

Consumer & Services

Consumer Staples & Agriculture · Consumer Discretionary · Business Services · E-commerce & Retail · Restaurants & Food Service · Travel & Leisure

Where We've Landed Internships

Interested in joining?

Admission is by application, assignment submission, and interview.

Recruitment