Equity Research Associate, Healthcare Sector

Wellington Management Co; Boston (MA); On-site; USD 80,000 - 120,000; Full time

Job summary

Wellington Management Company is seeking an Equity Research Associate for their Global Industry Research Healthcare Team. This role involves maintaining financial models and analyzing drug pipelines in the biopharma sector, requiring at least 3 years of investment experience and strong analytical skills.

Candidates should have a solid understanding of the pharmaceutical industry and be proficient in financial modeling.

The position offers the opportunity to work with a collaborative team to drive investment insights and leverage AI tools to enhance research capabilities.

Qualifications

• Minimum of 3 years of relevant investment experience.
• Prior experience in healthcare or biopharma equity research.
• Strong data and technology skills including experience with analysis tools.

Responsibilities

• Maintain industry and comparative valuation models.
• Analyze clinical data and evaluate company fundamentals.
• Contribute to idea generation for investments.

Skills

Financial modeling skills

Analytical acumen

Judgment and investment focus

Superior collaboration skills

Strong analytical and problem-solving abilities

Data and technology skills

Education

Undergraduate degree

Tools

AI tools

Financial models

Job description

Job Title

Equity Research Associate, Healthcare Sector

Location

280 Congress

About the Role

We are seeking an Equity Research Associate (RA) to join our Global Industry Research Healthcare Team. In this role, the RA will work closely with a senior Global Industry Analyst (GIA) to support coverage across the global biopharma universe, including large‑cap pharmaceutical companies and SMID‑cap biotechnology companies across the U.S. and Europe. The ideal candidate will be a self‑directed, intellectually curious team player with a strong interest in biopharma investing and the life sciences industry. This role will require the ability to analyze both scientific and financial data, evaluate drug development pipelines, leverage AI to drive research efficiencies, and synthesize complex information to inform investment decisions.

Responsibilities

• Maintain industry and comparative valuation models across large‑cap pharmaceutical and biotechnology companies.
• Build and maintain company financial models with a focus on pipeline valuation and drug‑level forecasting.
• Assess probability of success for clinical assets and incorporate these assumptions into investment frameworks.
• Analyze clinical data, regulatory developments, prescription and market data, and other industry datasets to evaluate company fundamentals and competitive dynamics.
• Perform ongoing due diligence across the global biopharma landscape, identifying emerging investment opportunities and key risks.
• Execute complex analytical projects leveraging AI, data, and other tools under tight time constraints.
• Stay abreast of relevant company, clinical, and industry materials, including trial readouts, regulatory updates, and scientific publications.
• Contribute to idea generation across both long and short investment opportunities.

Essential Skills

• Analytical acumen and passion for markets – strong financial modeling skills and the ability to analyze both clinical and financial datasets, leveraging AI and data tools to drive deeper research.
• Experience modeling drug pipelines and assessing clinical probability of success is highly valued.
• Intellectual curiosity and a passion for understanding the scientific drivers of biopharma innovation.
• Judgment and investment focus – ability to prioritize relevant information across a complex industry landscape and develop differentiated insights.
• Superior collaboration skills – communicate investment views clearly, both verbally and in writing, and participate in constructive investment dialogue.
• Growth mindset – initiative, independence, ownership of research responsibilities, proactive identification of opportunities, and deepening expertise.

Qualifications

• Minimum of 3 years of relevant investment experience.
• Prior experience in healthcare or biopharma equity research, ideally in a buy‑side or sell‑side research associate role.
• Experience analyzing pharmaceutical pipelines, clinical data, and industry datasets (including prescription or market data).
• Financial modeling experience, including valuation frameworks for pharmaceutical and biotechnology companies.
• Understanding of long/short investing concepts and risk management approaches.
• Strong analytical and problem‑solving abilities.
• High level of intellectual curiosity and willingness to engage deeply with scientific and financial material.
• Strong data and technology skills, including experience using tools to screen, rank, and analyze large stock universes.
• Willingness to lead effort to integrate AI into research processes.
• Sound judgment, strong work ethic, and highest level of personal and professional integrity.
• Ability to work independently and make decisions in the face of uncertainty.
• Strong organizational skills and attention to detail.
• Excellent written and verbal communication skills.
• Superior academic credentials; an undergraduate degree is required.
• Scientific backgrounds in biology, chemistry, bioengineering, or related fields are advantageous.
• Progress toward CFA/CAIA levels is additive.

Equal Opportunity Employer

We are dedicated to building and maintaining a diversified workforce and considering a broad array of candidates with a variety of skill, workplace experiences, and backgrounds. As an equal opportunity employer, Wellington Management considers all qualified applicants will receive consideration for employment without regard to race, color, sex, sexual orientation, gender identity, gender expression, religion, creed, national origin, age, ancestry, disability (physical or mental), medical condition, citizenship, marital status, pregnancy, veteran or military status, genetic information or any other characteristic protected by applicable law. If you are a candidate with a disability, or are assisting a candidate with a disability, and require an accommodation to apply for one of our jobs, please email us at [e-mail].