Bhupendra Tiwary works as AVP Research, Infrastructure, Real Estate, Telecom & Media at ICICI Securities. He is CA Inter, MBA from IBS, Hyderabad and CFA Charterholder In this exciting conversation, he takes you through how he built a career in Equity Research over the last decade. He offers a repertoire of insights about the Equity Research profession, the highs and the lows, difference between Buy Side and Sell Side, entry barriers, pre-requisites such as Financial Modeling, ability of analyse financial statements, look at broader sectoral trends etc, educational qualifications , especially in Indian context and his mantras for life in general - role of family, friends et all Questions Welcome Bhupendra, One thing about you as a personal/professional that the world doesn’t know – it would be Breaking News on this channel Your Dad is an Astrologer. Did you ever want to step into his shoes? Don Bosco, St Xaviers and then IBS Hyderabad 2008-10– did this fit in your scheme of things? Or was it just that you didn’t want to wait for another year to take CAT again? Does B-school brand matter while entry into Equity Research? Infra & Real Estate, Mid-Caps, Telecom and Media (to clarify as it’s not TMT, as this excludes Technology) and now covering all together, you’ve come a long way into the storied world of Equity Research? How’s the feel. Basically what is your daily life? The highs and lows? Technically you are into Sell-Side. How different is it from Buy Side. From career growth, work life balance perspective. You set Target Prices? Does that entail complex Financial Modeling? What if they aren’t achieved? Is there a lot of pressure? When you achieve them, do the market participants say Wow – Bhupendra – great job? You are a CFA charter holder. This fits well in your scheme of things. What’s your take on a fresher wanting to enter Equity Research, on the basis of a CFA? For an aspirant of this field, CA/MBA/CFA - how does one get in? Entry barriers? What is the typical career path here? Any exit options (but I must acknowledge that you have been pretty stable at ICICI Sec Can someone, with say 2 years into Corporate Accounts at Lupin, switch to Pharma sector Equity Desk, because he/she always loved Equity? Your mantra for fitness, rejuvenation Final thoughts