ERG

Equity Research Group

Recruitment

Admission is by application, stock pitch submission, and interview.

Apply

Admissions Process

Membership is evaluated through a straightforward three-step process.

Application

Submit an application covering your background and interest in equity research.

Stock Pitch

Present a stock pitch — a real idea with a thesis, basic analysis, and a view on value.

Interview

A conversation about your pitch, your thinking, and how you approach markets.

The Commitment

01

At least one full pitch per semester

02

Ongoing coverage and watchlist maintenance for your sector

03

Active participation in Q&A and voting

What You Build

Members graduate with more than experience — they leave with a record.

4+ Polished Pitches

Graduate with a portfolio of interview-ready ideas built and defended in front of the group.

Sector Expertise

Own an industry end-to-end — coverage, watchlist, and a working understanding of what moves it.

A Public Track Record

Polished research gets published on Substack, giving you a record you can reference in recruiting.

Adversarial Q&A Reps

Every pitch gets challenged. You leave knowing how to defend a thesis under real pressure.

An Investment Philosophy

Repeated pitching and debate builds a genuine point of view on markets, not just experience.

Who ERG is for

ERG is for students serious about equity research, asset management, or hedge funds. You'll be assigned a sector, expected to develop a real view on the companies in it, and held accountable for the ideas you bring to the investment committee. Each semester, members add to a portfolio of published research, build sector expertise, and develop the analytical foundation that real investing requires.

Questions?

For questions about ERG, reach out to Isaac Toffel, Lucas Davis, or Steele Shapiro.