Investment Analyst: Biotechnology Sector

troweprice; Baltimore (MD); On-site; USD 120,000 - 190,000; Full time

Job summary

T. Rowe Price in Baltimore seeks an exceptional Investment Analyst for its Global Equity Research platform, focusing on Biotechnology. You will perform fundamental analysis to identify trends, develop investment recommendations, and contribute to portfolio performance.

This role also offers mentorship to junior team members and engagement with senior portfolio managers. The ideal candidate brings strong fundamental research skills, independent judgment, and the ability to develop differentiated

Qualifications

• MD, PhD, or other advanced life-science degree is required.
• Minimum 3-4+ years of investment experience in Biotech.

Responsibilities

• Generate high-conviction investment ideas across Biotechnology.
• Conduct deep fundamental research through meetings with management, competitors and industry experts.
• Influence investment decisions by presenting well-supported theses to portfolio managers.
• Leverage AI to enhance research depth, efficiency and insight generation.

Skills

Fundamental research

Independent judgment

Investment thesis

Education

MD/PhD or advanced life-science degree

Job description

At T. Rowe Price, we identify and actively invest in opportunities to help people thrive in an evolving world. As a premier global asset management organization with more than 85 years of experience, we provide investment solutions and a broad range of equity, fixed income, and multi-asset capabilities to individuals, advisors, institutions, and retirement plan sponsors. We take an active, independent approach to investing, offering our dynamic perspective and meaningful partnership so our clients can feel more confident.

We believe doing the right thing for our clients and our associates is good business . With a career at the firm, y ou can expect opportunities to create real impact at work and in your community. Y ou'll enjoy resources to support your career path, a s well as compensation , benefits , and flexibility to enrich your life. Here, you'll find a collaborative culture that respect s and valu e s differences and colleagues who share a spirit of generosity .

Join us for the opportunity to g row and make a difference in ways that matter to you .

Role Summary

We are seeking an exceptional investor to join our global equity research platform as an Investment Analyst covering the Biotechnology sector. The successful candidate will perform fundamental analysis of the sector to identify key trends and the best-positioned companies, develop and communicate investment recommendations within the firm, and contribute directly to portfolio performance. The role also provides thought leadership on healthcare trends and mentorship to more junior members of the healthcare investment team. We are looking for intellectually curious, highly competitive investors with a passion for markets, businesses, and the pursuit of alpha. This role is based in Baltimore.

The Ideal Candidate

The ideal candidate is an exceptional investor with strong fundamental research skills, independent judgment, and the conviction to develop differentiated investment views. They are intellectually curious, highly driven, and skilled at identifying business inflection points and uncovering unique insights. This role offers significant responsibility, direct engagement with senior portfolio managers, and meaningful influence on global portfolio outcomes. The successful candidate thrives in a collaborative, high-performance environment and embraces AI as a tool to enhance research and investment decision-making. If you are passionate about investing, energized by the Biotechnology industry, and eager to contribute to a world-class global investment organization, we would like to hear from you.

Responsibilities

• Generate High-Conviction Investment Ideas:

  • Develop differentiated investment views and identify attractive investment opportunities across the Biotechnology industry.
  • Build and maintain detailed financial models, industry frameworks, and company analyses.
  • Form independent conclusions regarding business quality, management effectiveness, competitive positioning, valuation, and long-term earnings power.
  • Generate actionable recommendations supported by rigorous analysis and clear investment reasoning.

• Conduct Deep Fundamental Research:

  • Perform extensive primary research through meetings with company management teams, competitors, suppliers, customers, industry experts, and other key industry participants.
  • Analyze financial statements, industry data, market trends, and alternative information sources to develop unique insights.
  • Conduct field research, including company visits, industry conferences, and channel checks where appropriate.
  • Develop a deep understanding of industry value chains, competitive dynamics, technological change, and long-term secular trends affecting the Healthcare sector, specifically Biotechnology companies.

• Influence Investment Decisions:

  • Present well-supported investment recommendations to portfolio managers and other investment professionals.
  • Clearly articulate investment theses, key catalysts, downside risks, valuation frameworks, and expected risk/reward outcomes.
  • Engage in rigorous debate, challenge consensus thinking when warranted, and contribute to a culture of intellectual honesty and continuous improvement.
  • Monitor portfolio holdings and recommendations, providing ongoing updates as facts and circumstances evolve.

• Leverage Technology and AI to Enhance Research:

  • Utilize AI-powered research, data analysis, and workflow tools to increase research depth, efficiency, and insight generation.
  • Incorporate emerging technologies, alternative data sources, and advanced analytical techniques into the investment process.
  • Develop repeatable research workflows that leverage AI to enhance information synthesis, company analysis, modeling, and idea generation.
  • Continuously evaluate and adopt new technologies that can improve research quality and create a sustainable investment edge.

Qualifications

• MD, PhD, or other advanced life-science degree.
• Minimum 3-4+ years of investment experience in the Biotechn