Equity Research Associate, Healthcare

Wedbush Securities; San Francisco (CA); On-site; USD 100,000 - 150,000; Full time

Benefits offered by this job

Medical/dental/vision coverage

HSA contributions

Traditional/FSA accounts

401(k) with company matching

Tuition reimbursement

FINRA license sponsorship

Charitable donation matching

Travel benefits and employee discounts

Discretionary compensation

Job summary

Wedbush Securities seeks a driven Equity Research Associate to join a top healthcare research team. You will analyze oncology, rare diseases, and platform technologies, translating science into investment theses and actionable insights.

You’ll work with senior researchers, build financial models, and contribute to research notes for institutional clients. A strong science background and finance curiosity are essential to succeed.

Qualifications

• Advanced life sciences degree preferred; Bachelor’s degree required.
• Active FINRA licenses (SIE, 86/87) preferred; must be obtained within 120 days if not active.
• Strong quantitative and analytical skills.
• Excellent verbal and written communication.
• High accuracy in a fast-paced, deadline-driven environment.
• Ability to work independently and in a team with minimal supervision.
• Advanced Excel skills; financial modeling experience is a plus.
• Strong work ethic and positive attitude.

Responsibilities

• Conduct regular scientific and market due diligence on covered companies, including channel checks on assigned names.
• Interpret scientific publications and medical conference presentations to inform investment theses.
• Conduct surveys with key medical opinion leaders to validate clinical and commercial assumptions.
• Support coverage spanning oncology, rare-disease, and technology-platform companies and their assets.
• Build, update, and maintain detailed financial models and company databases.
• Conduct regular financial and market due diligence on covered companies.
• Collect and analyze industry data and develop proprietary sector databases.
• Assist with timely preparation and publication of research notes and reports.
• Interact with corporate management and our internal sales force.
• Provide general support to the broader equity research team, including company research and industry due diligence.

Skills

Quantitative skills

Analytical skills

Verbal/written communication

Attention to detail

Excel proficiency

Independent & team work

Education

Advanced life sciences degree (MD/PhD) preferred

Bachelor’s degree required

Tools

FINRA Licenses: SIE

Series 86 & 87

Job description

We are seeking a driven Equity Research Associate to join ouraward-winning team of sell-side equity researchers covering thehealthcare sector;, one of the most dynamic and high-impact areas intoday's capital markets.

This is a rare chance to work at the intersection of cutting-edgescience and high-stakes finance, gaining direct exposure togroundbreaking oncology, rare-disease, and platform-technologyinnovation while building the analytical toolkit of a top-tier equityresearch professional. You will work shoulder-to-shoulder with some ofthe most respected minds in the industry, with a clear runway to growyour career, your network, and your impact on how institutionalinvestors understand the future of medicine.

If you have a scientific mind, a competitive drive, and a passion forthe markets, this is your opportunity to break into, or acceleratewithin one of the most intellectually rewarding corners of Wall Street.

Wedbush Securities is one of the largest securities firms andinvestment banks in the nation. We provide innovative financialsolutions through our Wealth Management, Capital Markets, Futures andAdvanced Clearing & Prime Services divisions. Headquartered in LosAngeles, California with over 100 offices and more than 80correspondent offices, our commitment to providing relentless,customized service is the foundation of our consistent growth.

Why Join Wedbush

• Work directly alongside an award-winning sell-side research teamwith deep relationships across the healthcare landscape
• Gain unmatched exposure to cutting-edge science, from noveloncology mechanisms to rare-disease breakthroughs andnext-generation therapeutic platforms
• Build a highly transferable, elite skill set in financialmodeling, scientific due diligence, and institutional communication

What You Will Do

• Conduct regular scientific and market due diligence on coveredcompanies, including channel checks on assigned names
• Interpret scientific publications and medical conferencepresentations to inform investment theses
• Conduct surveys with key medical opinion leaders to validateclinical and commercial assumptions
• Support coverage spanning oncology, rare-disease, andtechnology-platform companies and their therapeutic assets
• Build, update, and maintain detailed financial models and company databases
• Conduct regular financial and market due diligence on covered companies
• Collect and analyze industry data and develop proprietary sector databases
• Assist with the timely preparation and publication of researchnotes and reports
• Interact with corporate management and our internal sales force
• Provide general support to the broader equity research team,including company research, industry due diligence, and specialprojects as assigned
• Perform other tasks and duties as required and assigned

Experience and Skills

• Advanced degree in life sciences (MD, PhD) preferred; Bachelor’sdegree from an accredited university required
• Active FINRA Licenses including SIE, Series 86 & 87 preferred;will be required to obtain them within 120 days of start date if notcurrently active
• Superb quantitative and analytical skills
• Exceptionally strong verbal and written communication skills
• Ability to maintain a high degree of accuracy in a fast-paced,deadline-driven environment
• Ability to work independently and within a team, prioritizingdaily workflow with little direction
• Advanced Excel skills essential; experience building financialmodels a plus
• Strong work ethic and a great attitude with an ability to performduties under minimal supervision

What We Offer

What Wedbush Offers You

As part of our overall compensation package, Wedbush Securitiesoffers an array of diverse benefits to all our colleagues. We believethat providing competitive benefit options yields the advantageousreward of establishing a healthy and inclusive foundational work culture.

• Comprehensive medical, dental, and vision coverage with multiplehealth plan options
• Health Savings Account (HSA) with company-sponsored contributions
• Flexible Spending Accounts (FSA) traditional and dependent care
• 401(k) Plan: competitive discretionary company matching andprofit-sharing contributions
• Tuition reimbursement ($5,250 max per year)
• FINRA and Professional License Sponsorship
• Charitable Donation Matching Contributions
• Travel & Employee Assistance and Employee Discount Programs
• Discretionary compensation based on the colleague's and the firm's performance

The reasonable estimate of the compensation range for this role hasnot been adjusted for the applicable geographic location. A reasonableestimate of the current range is $100,000-$150,000 depending onexperience. Colleagues may be eligible for additional, discretionaryincentive compensation based on the colleague's and the firm'sperformance. At Wedbush, Decisions regarding compensation aredetermined on a case-by-case basis and are dependent on a variety offactors including but not limited to skill sets; experience andtraining; licensure and certifications; and other business andorganizational needs.

Wedbush Securities (WS) is proud to be an Equal EmploymentOpportunity employer. WS does not discriminate based on race,religion, color, creed, sex, sexual orientation, gender, genderidentity or expression, national origin, ancestry, citizenship status,registered domestic partner status, uniform service member status,marital status, pregnancy, age, medical condition, disability, geneticinformation, family care or medical leave status, or any otherconsideration made unlawful by applicable federal, state, or locallaws, or on the basis that an applicant or Colleague is perceived tohave these characteristics or is associated with someone who isperceived to have these characteristics. WS aims to foster a cultureof inclusion where all Colleagues are valued for their uniquecontributions to the firm as well as provided equal opportunities to succeed.

This position is subject to various laws or regulations that imposerestrictions or prohibitions for employment with Wedbush due tocriminal history. Those laws or regulations include but are notlimited to, the following: Securities Exchange Act of 1934 (SEA) Rule17a-3, et. seq., Financial Industry Regulatory Authority (FINRA) Rules3110(e), Rule 4530(a), etc., and FINRA Regulatory Notice 07-55.