Healthcare Equity Research Associate

UBS; New York (NY); On-site; USD 126,000 - 149,000; Full time

Job summary

UBS is seeking a Healthcare Equity Research Associate to evaluate evolving themes and innovation led by private healthcare companies, typically venture-backed Series A-C.

The role focuses on Medical Devices and Life Sciences Tools & Diagnostics, combining thematic research, company diligence, private-market intelligence, and direct executive engagement to develop differentiated, investment-relevant insights You will work in a highly analytical team, sourcing and screening private companies,

Qualifications

• Ideally 2-6 years of relevant experience in investment banking, buy-side or sell-side equity research, management consulting, private equity, venture capital, or a related healthcare investment or strategy role.
• Understanding of the healthcare ecosystem, with experience in Medical Devices and/or Life Sciences Tools & Diagnostics strongly preferred.
• Ability to engage with technical, scientific, clinical, regulatory, commercial, and financial content and translate it into clear investment implications.
• Working knowledge of the private-market investment process and the diligence questions typically evaluated by institutional investors.
• Strong research, financial modeling, market-sizing, written communication, and presentation skills.

Responsibilities

• Equity & Market Research: Evaluate market evolution across clinical unmet need, technology, scientific maturity, business models, adoption, and competitive dynamics. Frame the key debates within the investor community and develop prospective, evidence-based views and models for market size, growth, and long-term durability.
• Company Evaluation: Research private companies within priority subsectors; assess positioning, product and technology differentiation, clinical and commercial evidence, management quality, business model, competitive advantage, and strategic potential. Develop investment-oriented company profiles and diligence frameworks.
• Private-Market Capital Assessment: Track venture investment, financing rounds, investor syndicates, strategic investments, M&A, valuations where available, and deal flow. Assess how capital formation and the financing environment influence competitive intensity, innovation cycles, and prospective category leaders.
• Direct Company Engagement: Source, screen, and build relationships with private companies. Prepare for and facilitate discussions with founders and C-suite executives through direct outreach, conferences, and referrals. Develop executive briefs and targeted diligence questions, and represent the team with credibility and professionalism.

Skills

Investment research

Financial modeling

Market sizing

Communication skills

Presentation skills

Job description

• Equity & Market Research: Evaluate market evolution across clinical unmet need, technology, scientific maturity, business models, adoption, and competitive dynamics. Frame the key debates within the investor community and develop prospective, evidence-based views and models for market size, growth, and long-term durability.


• Company Evaluation: Research private companies within priority subsectors; assess positioning, product and technology differentiation, clinical and commercial evidence, management quality, business model, competitive advantage, and strategic potential. Develop investment-oriented company profiles and diligence frameworks.


• Private-Market Capital Assessment: Track venture investment, financing rounds, investor syndicates, strategic investments, M&A, valuations where available, and deal flow. Assess how capital formation and the financing environment influence competitive intensity, innovation cycles, and prospective category leaders.


• Direct Company Engagement: Source, screen, and build relationships with private companies. Prepare for and facilitate discussions with founders and C-suite executives through direct outreach, conferences, and referrals. Develop executive briefs and targeted diligence questions, and represent the team with credibility and professionalism.

Job Type

Full Time

Job Reference #

343942BR

City

New York

Key Responsibilities

• Equity & Market Research: Evaluate market evolution across clinical unmet need, technology, scientific maturity, business models, adoption, and competitive dynamics. Frame the key debates within the investor community and develop prospective, evidence-based views and models for market size, growth, and long-term durability.


• Company Evaluation: Research private companies within priority subsectors; assess positioning, product and technology differentiation, clinical and commercial evidence, management quality, business model, competitive advantage, and strategic potential. Develop investment-oriented company profiles and diligence frameworks.


• Private-Market Capital Assessment: Track venture investment, financing rounds, investor syndicates, strategic investments, M&A, valuations where available, and deal flow. Assess how capital formation and the financing environment influence competitive intensity, innovation cycles, and prospective category leaders.


• Direct Company Engagement: Source, screen, and build relationships with private companies. Prepare for and facilitate discussions with founders and C-suite executives through direct outreach, conferences, and referrals. Develop executive briefs and targeted diligence questions, and represent the team with credibility and professionalism.

The team

Private Markets | Medical Devices and Life Sciences Tools & Diagnostics | New York, NY

Position Overview

We are seeking a highly analytical and intellectually curious Healthcare Equity Research Associate to evaluate evolving, disruptive themes and innovation led by private healthcare companies, typically venture-backed Series A-C. The role will focus on Medical Devices and Life Sciences Tools & Diagnostics, combining thematic research, company diligence, private-market intelligence, and direct executive engagement to develop differentiated, investment-relevant insights

Your Skills And Experience

• ideally 2-6 years of relevant experience in investment banking, buy-side or sell-side equity research, management consulting, private equity, venture capital, or a related healthcare investment or strategy role.


• Understanding of the healthcare ecosystem, with experience in Medical Devices and/or Life Sciences Tools & Diagnostics strongly preferred.


• Ability to engage with technical, scientific, clinical, regulatory, commercial, and financial content and translate it into clear investment implications.


• Working knowledge of the private-market investment process and the diligence questions typically evaluated by institutional investors.


• Strong research, financial modeling, market-sizing, written communication, and presentation skills.

SUCCESS PROFILE

A self-starter who is collaborative, resourceful in finding and validating data, and comfortable operating in ambiguity. The successful candidate will synthesize complex information quickly, form a distinctive perspective, and support conclusions with defensible, well-structured arguments. They will demonstrate sound judgment, intellectual rigor, executive presence, and the gravitas to engage credibly with senior executives, investors, and industry experts while contributing effectively within a team.

You’re curious to explore how AI can improve how we build, deliver and optimize workflows. You do this with sound judgment – validating outputs and aligning with policies, risk standards and ethical use

About Us

UBS is a leading and truly global wealth manager and the leading universal bank in Switzerland. We also provide diversified asset management solutions and focused investment banking capabilities. Headquartered in Zurich, Switzerland, UBS is present in more than 50 markets around the globe.

We know that great work is never done alone. That’s why we place collaboration at the heart of everything we do. Because together, we’re more than ourselves. Want to find out more? Visit ubs.com/careers.

Salary information

• United States - New York - New York min USD 126250 - max USD 148750 /annum

Join us

At UBS, we know that it's our people, with their diverse skills, experiences and backgrounds, who drive our ongoing success. We’re dedicated to our craft and passionate about putting our people first, with new challenges, a supportive team, opportunities to grow and flexible working options when possible. Our inclusive culture brings out the best in our employees, wherever they are on their career journey. And we use artificial intelligence (AI) to work smarter and more efficiently. We also recognize that great work is never done alone. That’s why collaboration is at the heart of everything we do. Because together, we’re more than ourselves.

We’re committed to disability inclusion and if you need reasonable accommodation/adjustments throughout our recruitment process, you can always contact us.

Disclaimer / Policy statements

UBS is an Equal Opportunity Employer. We respect and seek to empower each individual and support the diverse cultures, perspectives, skills and experiences within our workforce.