Equity Research - SMid Biotech - Associate

Testing Site - JPMC; New York (NY); On-site; USD 100,000 - 180,000; Full time

Job summary

J.P. Morgan is seeking an Associate in Equity Research to cover SMid Biotech. You will conduct industry analysis, model financials, and write research notes to support stock recommendations. This role involves presenting insights to internal teams and clients, and collaborating across Sales and Trading.

The position requires strong accounting, finance, and quantitative skills, with advanced Excel capability and the ability to work in a fast-paced, collaborative environment.

Qualifications

• Strong accounting, finance, quantitative and business communication skills.
• Experience with modelling, forecasting and valuation.
• Advanced proficiency in Excel.
• Ability to multi-task and collaborate with teams while delivering independently.
• FINRA Series 86 and 87 would be ideal (preferred).

Responsibilities

• Build and maintain Excel-based models to forecast financials and industry dynamics.
• Perform detailed valuation work to support stock recommendations.
• Analyze complex data sets, earnings releases, filings, and industry events for insights.
• Write research notes and sector reports for internal and external clients.
• Build relationships and communicate with clients, industry experts, and management teams.
• Fulfill client requests in a timely and thorough manner.
• Demonstrate intellectual curiosity and generate differentiated research ideas.

Skills

Accounting

Finance

Quantitative skills

Business communication

Modelling

Forecasting

Valuation

Excel advanced

Education

CFA charterholder or progress towards CFA

Job description

Job Summary:

Are you intellectually curious, highly communicative, an efficient writer, and good at building relationships, triangulating data, and solving puzzles? You have found the right team!

As an Associate in Equity Research covering SMid Biotech, you will become an industry expert, helping to conduct and facilitate industry analysis and company-specific coverage.This involves core research ranging from dissecting earnings releases and regulatory filings to assessing relevant news events, modeling financial statements and industry dynamics, performing detailed valuation work, writing research notes and sector pieces, and speaking to internal and external clients and management teams about the stocks and sector. You will work with our partners in both Sales and Trading to provide comprehensive client coverage, including fulfilling client requests for market updates and market intelligence. Research is fast-paced, demanding and intellectually stimulating. We look for candidates who possess strong accounting, finance, quantitative and business writing and communication skills, as well as modelling, forecasting, and valuation experience.

Corporate and Investment Banking - Research

One of the world’s most highly respected advisory franchises, J.P. Morgan’s fundamental and quantitative research provides thoughtful and differentiated analyses on sectors and companies and actionable ideas and thematic insights that empower our clients to make well-informed investment and strategic decisions.

Job Responsibilities:

• Build and maintain Excel-based models to forecast company financials and project industry dynamics
• Perform detailed valuation work to support stock recommendations
• Analyze complex data sets, news releases, regulatory filings, and industry events to shape your view of the industry and companies under coverage
• Write research notes on covered companies and sector reports and prepare presentations
• Build relationships and communicate effectively with internal and external clients, industry experts, and management teams
• Fulfill client requests in a timely and thorough manner
• Demonstrate intellectual curiosity and seek to generate ideas for differentiated research product

Required Qualifications:

• FINRA licenses Series 86 and Series 87
• Two to three years of experience in equity research and/or investment banking
• Strong accounting, finance, quantitative and business communication skills, as well as modelling, forecasting, and valuation experience
• Advanced level of proficiency in Excel
• Ability to multi-task and collaborate within a team environment as well as work independently
• High level of organizational skills, excellent attention to detail, and a provenability to meet deadlines in a dynamic environment
• Passion for the markets and interest in SMid Biotech sector

Preferred qualifications:

• CFA charterholder or progress towards CFA
• Some coding capabilities – e.g., VBA, Python