Equity Research Associate - Biotechnology

Jefferies; New York (NY); On-site; USD 100,000 - 120,000; Full time

Benefits offered by this job

Annual discretionary incentive

Retention bonus

Medical, dental & vision coverage

401(k)

Life, accident & disability insurance

Wellness programs

Paid time off and parental leave

Job summary

Jefferies is seeking an equity research associate to support a biotech-focused senior analyst covering mid- and small-cap biotech companies in the United States. The role involves proprietary research, conference analysis, and preparing initiations of coverage with robust financial models.

The candidate should have 1–2+ years in healthcare investment research, a strong science background (MD/PhD preferred), and excellent written/verbal communication.

Qualifications

• 1-2+ years of experience in healthcare investment research required.
• MD or PhD preferred.
• Must be fully licensed.
• Strong written/verbal communication.
• High speed typing (>120 words per minute).
• Experience writing sell-side reports and creating detailed financial models (e.g. three-statement models, DCFs).
• Experience building financial models using Excel is a plus.

Responsibilities

• Support a rising senior biotechnology analyst covering mid- and small-cap biotech firms.
• Conduct proprietary research and evaluate drug pipelines from literature, conferences, and experts.
• Write research reports for initiations of coverage and data analyses.
• Investigate intellectual property and patent litigation in pharma.
• Build and maintain financial models and PowerPoint decks.
• Develop differentiated project ideas and interact with management, sales/trading staff, and institutional investors.

Skills

Financial modeling

PowerPoint presentations

Analytical skills

Written/verbal communication

Industry research

Drug development knowledge

Team player

Attention to detail

Sell-side report writing

Education

MD or PhD preferred

Science background required

Tools

Excel

PowerPoint

Job description

Job Description

Top investment bank seeking an equity research associate to support a rising senior biotechnology analyst covering mid- and small-cap biotech companies.

Responsibilities Will Include

• Candidate should understand that the team is highly motivated to become top-ranked in the biotech industry


• Conducting proprietary research and evaluating drug pipelines by analyzing scientific literature, attending medical conferences, and consulting industry experts


• Writing research reports for initiations of coverage, deep dive data analyses, competitive landscaping, and industry/ company news


• Delving into intellectual property and following patent litigation concerning pharmaceuticals


• Building and maintaining financial models and powerpoint decks


• Conceiving and executing on differentiated project ideas


• Interfacing with company management teams, internal sales and trading personnel, and institutional investors

Key Qualifications

• 1-2+ years of experience in healthcare investment research required (sell side, buy side, investment banking, etc). Must be fully licensed.


• Science background required; MD or PhD preferred


• Motivated to rise in the sell-side industry in the long-term


• Hard-working, attention to detail, team player


• Sharp analytical skills in dissecting preclinical and clinical data


• Deep understanding of, or experience with, drug development and the FDA-approval process for pharmacologic treatments is desirable


• High proficiency in written/verbal communication


• Can type >120 words per minute


• Has experience writing quality sell side reports, producing powerpoints, and creating detailed financial models (e.g. functioning three-statement models, DCFs, market models, etc)


• Experience building financial models using excel is a plus

Primary Location Full Time Salary Range of $100,000 - $120,000.

About Us

Jefferies is a leading global, full-service investment banking and capital markets firm that provides advisory, sales and trading, research, and wealth and asset management services. With more than 40 offices around the world, we offer insights and expertise to investors, companies, and governments.

At Jefferies, we are committed to building a culture that provides opportunities for all employees regardless of our differences and supports a workforce that is reflective of the communities where we work and live. As a result, we are able to pool our collective insights and intelligence to provide fresh and innovative thinking for our clients.

Jefferies is committed to creating and sustaining a workforce that welcomes individuals from all backgrounds to apply. Our employment decisions are made without regard to race, creed, color, national origin, ancestry, religion, pregnancy, age, medical condition, physical or mental disability, marital status, domestic partner status, sex, sexual orientation, gender, gender identity or expression, veteran or military status, genetic information, reproductive health decisions, or any other factor protected by applicable law. We are committed to hiring the most qualified applicants and complying with all federal, state, and local equal employment opportunity laws. As part of this commitment, Jefferies will extend reasonable accommodation to individuals with disabilities, as required by applicable law.

The salary offered will take into consideration an individual’s experience level and qualifications. In addition to salary, Jefferies Financial Group is proud to offer a comprehensive benefits package to eligible, full-time employees or part-time employees, who are scheduled to work at least 30 hours or more per week.

• annual discretionary incentive and retention bonus


• competitive employee benefits


• medical, dental & vision coverage


• 401(k)


• life, accident, and disability insurance


• wellness programs


• paid time off packages that include planned time off (e.g., vacation), unplanned time off (e.g., sick leave), and paid holidays, and for full-time employees, paid parental leave