Equity Research Intern is a role people hire badly more often than they hire slowly. The fix is upstream of the interview: a named deliverable, a named reviewer and a stipend you have actually benchmarked.
Equity research work is written argument backed by a model. Screen on whether they can argue the opposite case for a company they like.
Worth separating from Investment Banking Internship: same skills, different commitment. Equity Research Intern is a hire you scope around one deliverable, whereas investment banking internship is framed as a programme with a mentor and a fixed duration. Pick the framing that matches what you can actually offer, because candidates read the difference.
Below: the skills worth testing, the work a student can genuinely finish in a term, 2026 stipend bands, and questions that have a wrong answer. Posting is free and takes about two minutes.
What a single Investment Banking intern actually does in the first 90 days
Each of these is work a team member would otherwise do. That is the test of a good intern brief: real work already on someone's list, not a project invented to keep the intern busy.
- Produce one investment note with the model, the thesis and the bear case stated
- Answer one time-boxed question and write an honest recommendation, including what you could not establish
- Build a defensible DCF with stated assumptions
- Produce a comparable-companies analysis for one sector
- Write a one-page investment thesis with the risks stated
Investment Banking skills worth screening for
Screen on the first three. The rest are teachable inside a term, and treating them as entry requirements shrinks your pool for no gain.
- 1Intellectual honesty about their own conclusion
- 2Knowing when to stop researching and write the recommendation
- 3Company and industry research
- 4Pitch deck construction
- 5Valuation reasoning and defensibility
- 6Excel discipline and error checking
- 7Market and transaction screening
- 8Working accurately under deadline
The tools column is where CV inflation happens. Pick two and ask what went wrong the last time they used them; the answer is unfakeable.
Screening questions for equity research intern
These separate practice from theory. Ask two, listen for a specific example, then follow the example rather than moving to the next question.
Tell me about something you researched and then rejected.
What a good answer shows: Ability to reach a negative conclusion and defend it
Which assumption drives your valuation most, and how confident are you?
What a good answer shows: Sensitivity awareness over model decoration
Argue the bear case for the stock you like.
What a good answer shows: Intellectual honesty
Score every candidate on the same questions. Comparing free-form conversations across a shortlist is where inconsistency, and bias, get in.
Where the Investment Banking candidates come from
MyInternships.in carries a verified, India-wide pool of students and fresh graduates — from IITs, NITs, BITS, IIMs and Symbiosis through to strong regional engineering and commerce colleges. Profiles carry skill tags, so you can filter on Excel and PowerPoint rather than reading résumés.
- Skill tags — filter directly on Excel, PowerPoint, Bloomberg or Capital IQ or screener and the rest of the Investment Banking stack
- City and willingness to relocate, or remote-only if the role is remote
- Degree and branch, for the roles where the coursework genuinely matters
- Portfolio and project evidence attached to the profile, rather than a résumé alone
- Prior investment banking exposure — coursework, personal projects or a previous internship
Skill tags come from the candidate’s own projects and verified profile, so filtering on Excel or PowerPoint returns people who have used them rather than people who listed them.
What to pay a single Investment Banking intern in 2026
₹16,000–₹42,000 a month is the band we see for this role across India. The spread is mostly city and company stage, not candidate quality.
The stipend calculator on this site uses live listing data for this role and city. A band chosen from memory is usually a year out of date, always in the same direction.
Six-month commitments generally command more per month than six-week ones, because the candidate is giving up other options. Price the commitment, not just the hours.
Monthly on a fixed date, not "at the end of the project". Students plan rent and fees around the date, and irregular payment is the fastest route to a mid-term exit.
If this role can become full-time, say so and treat the stipend as the first rung rather than the whole compensation conversation. It materially widens who applies.
Getting one Investment Banking intern to actually produce something
The difference between an intern who ships and one who does not is almost never talent. It is whether the work was ready on their first day and whether someone read it on their second week.
Laptop, accounts, repository or dataset access, and a task small enough to finish in two days. Interns who spend week one waiting for access rarely recover the momentum.
Read their work in the first week, not the fourth. Early correction on a small piece of Investment Banking work is cheap; late correction on a term’s work is not.
Someone who wants the output and will complain if it is wrong. Work with no audience is the fastest route to a disengaged intern.
Write down what a successful term would produce. Otherwise the end-of-term assessment becomes a memory of impressions, and that helps nobody.
How to post equity research intern on MyInternships.in
You do not need a prepared job description. Answer a few questions in the chat and the assistant drafts the listing, title and skill tags for you.
Start with the outcome rather than the title: what you want finished by the end of the term. The assistant turns that into a Investment Banking listing.
You get a full Investment Banking listing back in seconds, written to attract applications rather than to satisfy a form. Change anything you disagree with.
Your company details are verified once. Candidates see the verified badge, which is the single biggest driver of reply rate on an unfamiliar company.
Applications land in your dashboard with skills and projects attached, so the first pass takes minutes rather than an afternoon of résumé reading.
Free plan: one listing, live after verification. Starter ₹499: five listings a month, published instantly, full applicant contact and résumé access. Growth ₹999: fifteen listings with AI candidate matching.
Mistakes that cost you the good Investment Banking candidates
Each is fixable before you post, and expensive after.
A Investment Banking listing with fourteen required tools reads as a company that does not know what it needs. Strong candidates self-select out; the ones who apply anyway have inflated their CVs to match.
Research framing needs a question and a time box. An open-ended research brief produces a reading list; a time-boxed one produces a recommendation you can act on.
Work that nobody reads produces an intern who stops trying by week four. Name the reviewer before you post, not after the offer is accepted.
Campus communities are small and they talk. A two-line rejection costs you nothing now and protects your applications next intake.
Equity Research Intern — frequently asked questions
How much Investment Banking experience should we expect?+
None professionally, and that is the point. What you should expect is evidence: something built, run or fixed involving Excel or PowerPoint, that they can talk about in depth. Screen on intellectual honesty about their own conclusion and knowing when to stop researching and write the recommendation; treat everything else on the list as trainable during the term.
What can equity research intern realistically deliver?+
Produce one investment note with the model, the thesis and the bear case stated. That is sized for eight to twelve weeks of supervised work by someone with the fundamentals and no production experience. A second, smaller piece — answer one time-boxed question and write an honest recommendation, including what you could not establish — usually fits alongside it. Anything requiring independent production judgement should stay with the reviewer.
Is ₹16,000 a month enough for equity research intern?+
It is the bottom of the working band, and appropriate for a smaller city or a shorter commitment. In Bengaluru, Hyderabad, Pune, Mumbai or the NCR, expect to be closer to ₹42,000 for the same skills — you are competing with every other employer for the same few candidates. Decide where in the ₹16,000–₹42,000 band you sit before the first interview rather than during the offer call.
How do we screen equity research intern in a first call?+
Ask "Which assumption drives your valuation most, and how confident are you?" — you are listening for sensitivity awareness over model decoration. Then follow the example they give rather than moving on to your next question. Score every candidate on the same set so the shortlist stays comparable.
What does it cost us in time to supervise one Investment Banking intern?+
Realistically two to four hours a week of a competent person: a longer session early on, then short daily availability and a weekly review. Below that, the intern stalls and produces nothing you can use. Above it, you are doing the work yourself. That time is the true cost of the hire, and it is what the stipend line in your budget does not show.
Does the "Equity" in Equity Research Intern change who we should hire?+
Equity research work is written argument backed by a model. Screen on whether they can argue the opposite case for a company they like. In screening terms, that means adding one specific check: intellectual honesty about their own conclusion.
Does the "Research" in Equity Research Intern change who we should hire?+
A research brief needs a question and a time box. Open-ended research produces a reading list; a time-boxed question produces a recommendation you can act on. Say which one you are buying. In screening terms, that means adding one specific check: knowing when to stop researching and write the recommendation.
What documents does a Investment Banking intern usually need at the end?+
Most Indian colleges ask for a completion or experience certificate, and many also require a mentor evaluation on the institution's own form. Ask which format the candidate's college needs during onboarding rather than in the final week — it takes two minutes then and becomes a scramble later.
Should the listing state the duration and start date?+
Always. Students plan around semester dates, and a listing without a start date and duration is filtered out by exactly the organised candidates you want. For Investment Banking roles, stating "three months, starting June" typically produces more applications than an open-ended listing at a higher stipend.
Related roles employers hire alongside equity research intern
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