Equity Research Associate - Medical Technology

Morgan Stanley; New York (NY); On-site; USD 150,000 - 200,000; Full time

Benefits offered by this job

Discretionary bonuses

Incentive programs

Diversity & inclusion

Job summary

Morgan Stanley is seeking an Equity Research Associate to join the team in New York. You will build earnings, valuation and industry models, prepare research notes, and interact with institutional investors to support investment decisions.

The role requires strong Excel and PowerPoint skills, 2+ years in equity research or related fields, and the ability to work under pressure with high attention to detail. CFA designation is a plus and medical device sector experience is advantageous.

Qualifications

• 2+ years of professional experience in Equity Research, Investment Banking, or Capital Markets.
• Advanced Excel proficiency and experience building/maintaining financial models.
• Experience writing in a professional capacity, e.g., equity research notes or industry reports.
• Strong PowerPoint skills required.
• Ability to adapt and work well under pressure.
• Strong attention to detail.
• Medical device sector experience is a plus.
• CFA designation is a plus.

Responsibilities

• Create and maintain earnings, valuation and industry models leveraging accounting, finance and economics.
• Write research reports for initiations of coverage, analysis of data, earnings results, and industry news.
• Interact with institutional investors and respond to requests for models and data analysis.
• Keep abreast of industry news and analyze implications for companies under coverage.
• Develop and maintain relationships with investor relations personnel and management of covered companies.
• Conduct industry diligence and primary research through surveys, calls, and channel checks to evaluate trends.
• Assist internal sales and trading teams in timely analysis of breaking sector news.

Skills

Advanced Excel

PowerPoint

Financial modeling

Analytical thinking

Job description

Equity Research

The Equity Research department is responsible for researching macroeconomic and microeconomic conditions, along with company fundamentals. It also collects and analyses financial information to make investment recommendations on stocks in specific sectors. Research analysts build financial models to explore alternative scenarios, examine industries and communicate with companies and investors. Equity Research team members discuss their analysis and investment recommendations in research notes. A career in investment research at Morgan Stanley demands a commitment to excellence and a passion for the markets as well as the highest level of integrity.

Responsibilities

• Create and maintain earnings, valuation and industry models leveraging skills in accounting, finance and economics.
• Write research reports for initiations of coverage, analysis of data, earnings results, and industry news.
• Interact with institutional investors and respond to requests for models and data analysis.
• Keep abreast of industry‑related news flow. Analyze implications of news/industry developments to companies under coverage.
• Develop and maintain relationships with investor relations personnel and management of companies under coverage.
• Conduct industry diligence and primary research through surveys, expert conference calls, and various channel checks to evaluate industry trends.
• Assist internal sales and trading teams in the timely analysis of breaking news in the sector.

Qualifications - External

• 2+ years of professional experience in Equity Research, Investment Banking, or Capital Markets. Experience in Med Device industry and Management Consulting is also considered.
• Advanced Excel proficiency and experience building/maintaining financial models.
• Experience writing in a professional capacity, e.g., crafting equity research notes or industry reports.
• Strong PowerPoint skills required.
• Ability to adapt and work well under pressure.
• Strong attention to detail.
• Medical industry, specifically medical device sector, experience is a plus.
• CFA designation is a plus.

Compensation & Benefits

Expected base pay rates for the role will be between $150,000 and $200,000 per year for Associate, at the commencement of employment. Compensation is individualized and may include commission earnings, incentive compensation, discretionary bonuses, short and long‑term incentive packages, and other Morgan Stanley sponsored benefit programs.

Morgan Stanley is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience and background. Our recruiting efforts reflect our strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents. For more information, please visit: https://www.morganstanley.com/people-opportunities/eeo.