Jerren Executive Director/Vice President, Equity Research Group Global Investment Research Division, New York
Joined full time: May 2013
Undergrad: Morehouse College
Majored in: Business Administration
Hobbies: Biking, Soccer, Travel
When you write something and publish a report, it's there forever, so it's important to do it right the first time—accuracy and credibility are crucial.
I was born and raised in Trinidad and Tobago and spent 18 years there before ultimately coming up to America to attend Morehouse College on a scholarship. I majored in business administration with a concentration in finance, and minored in mathematics.
One of my economics professors at Morehouse advised me to pursue research versus other areas of investment banking. He thought research was the best way to learn about the financial services business and to develop a number of skills. It was great advice. Right out of the gate you get into financial modeling, forecasting earnings for a company, developing the writing skills and communicating with clients.
I joined Goldman Sachs after four years with another investment bank in their research group. I was contacted by a Goldman Sachs recruiter and was open-minded, as much as I was happy where I was working. It became clear to me it was a great opportunity with Goldman's Global Investment Research (GIR) Division, where associates have an opportunity to do what more senior people typically would do elsewhere.
Currently I work in equity research in GIR, covering the master limited partnership sector, which consists primarily of energy infrastructure companies that own oil and gas pipelines, among other assets. In the energy industry and its value chain, there are many different sub-industries or sectors. Our sector is connected to upstream as well as downstream, so we have to be very aware of what's going on with many companies throughout the entire energy industry.
Our job as research analysts is to be the experts on the stocks that we cover. For the stocks that I am the primary analyst on, I'm expected to know everything about them, have a view and be able to answer any question that someone may have. Ultimately we need to shape an investment idea.
As a research analyst, being analytical, diligent and open-minded are some of the things that are important in order to be able to generate an investment idea that someone else may not have thought about. When you write something and publish a report, it's there forever, so it's important to do it right the first time—accuracy and credibility are crucial.
Many firms talk about teamwork and collaboration, but I think Goldman Sachs is very unique; it's a fluid process here, where you work with different GIR teams to combine and publish reports together, and it happens pretty often. It's a natural part of the Goldman culture.
During vacations, I like to go to places where I have never been. This year I'm going to be visiting Ethiopia, which will be my first time to Africa. I have also traveled to Ecuador, the Czech Republic, Hungary, Austria and Dubai in the UAE.
Back in the Caribbean where I grew up, I spent a lot of time in the water. I also did triathlons, which take a lot of time to train for--up to 3 hours a day. Today I still enjoy biking, so I'll ride in Central Park or along the Hudson River up to the George Washington Bridge. I ride with a road bike, the type with skinny tires—so it's pretty fast. I just need to avoid potholes, taxis—and people!