Principal Analyst/Associate Director – Fundamental Equities (Software) – Financial Research

D. E. Shaw India Private Limited; Hyderabad; On-site; INR 1,500,000 - 2,000,000; Full time

Job summary

A financial research firm is seeking experienced candidates to join their Fundamental Equities team in Hyderabad. The role involves in-depth investment research and analysis, focusing on the technology sector. You will support idea generation and develop financial models, while also engaging with management teams and analysts. Candidates must have at least 8 years of relevant investment research experience and strong financial modeling skills. This position encourages applicants looking to restart their careers after a break.

Qualifications

• 8+ years of investment research experience, particularly in technology sector.
• Prior experience in Enterprise Software, Vertical Software, and/or Payments sectors.
• Demonstrated hands-on financial modeling and valuation skills.

Responsibilities

• Conduct in-depth company analysis and investment theses development.
• Engage with management teams and sector experts for insights.
• Develop financial models and benchmark companies against peers.

Skills

Financial modeling

Analytical skills

Communication skills

Investment analysis

Education

Degree in finance or equivalent (MBA, CFA, or CA)

Job description

We are looking for resourceful candidates to join our Fundamental Equities team within the Financial Research group, based in Hyderabad, Bengaluru or Gurugram. The team collaborates closely with front office groups to provide high-quality, in-depth research and analysis, supporting investment strategies, and decision-making processes.

What you’ll do day-to-day

In this role, you will cover companies within the technology sector and contribute to the development of investment views through rigorous fundamental analysis. You will act as a thought partner to front office teams, supporting idea generation, refining existing investment theses, and bringing differentiated insights into ongoing discussions. Your day-to-day work will involve developing deep understanding of a company’s business model and competitive positioning and building financial models to reflect that understanding. You will track company developments, earnings, news flow, and external research perspectives to identify key themes and inflection points and synthesize these into investment memos. In addition, you will conduct in-depth benchmarking of companies against peers across financial and operational metrics, and engage regularly with management teams, sell-side analysts, intermediaries, and sector experts to inform your research and strengthen sector understanding.

Who we’re looking for

• A degree in finance or equivalent (MBA, CFA, or CA), with at least 8 years of investment research experience
• Prior investment research and analysis experience in Enterprise Software, Vertical Software and/or Payments sectors.
• Candidate should be well versed with the business models and industry dynamics of these sectors
• The ability to demonstrate hands‑on financial modeling and valuation skills
• Robust analytical aptitude and keen attention to detail
• Excellent verbal and written communication skills, with the ability to clearly articulate investment analysis and perspectives

Candidates with relevant experience looking to restart their careers after a break are encouraged to apply for this position.

The members of the D.E.Shaw group do not discriminate in employment matters on the basis of race, color, religion, gender, gender identity, pregnancy, national origin, age, military service eligibility, veteran status, sexual orientation, marital status, disability, caregiver status, or any other category protected by law. We are eager to hear from individuals having a wide range of backgrounds and personal characteristics.