I was motivated to make this thread after reading a lot of the other threads in this forum, about why certain top analysts are still on the sell-side. It appears that almost everyone who doesn't work on the buy-side or sell-side, or even a remotely close front office position fails to understand how equity research works, and what purpose it serves.

Let me start off by giving you some information on my background. I've been working in equity research at BB for close to 7 months now for a high ranked analyst in the consumer sector.