Research Associate - Biotechnology

Oppenheimer & Co. Inc.; New York (NY); On-site; USD 100,000 - 150,000; Full time

Benefits offered by this job

Eligibility for discretionary bonus

Job summary

Oppenheimer & Co. Inc., located in New York City, is seeking a Research Associate for its Biotechnology equity research team. The ideal candidate has 1-2 years of equity research experience, strong analytical skills, and a passion for life sciences. Responsibilities include building financial models, conducting analysis, and writing research reports.

This position requires a MS in biology or similar field, with an advanced degree preferred. The salary range for this role is estimated at $100,000 to $150,000, with eligibility for bonuses.

Qualifications

• 1-2 years of experience in equity research or related field.
• Interest in drug development and life sciences investing.
• Ability to work under minimal supervision.

Responsibilities

• Build and maintain financial models and market trackers.
• Perform fundamental analysis on biotechnology companies.
• Write investment-driven research reports.

Skills

Analytical skills

Financial modeling

Strong communication skills

Attention to detail

Microsoft Office proficiency

Education

MS in biology or similar field

Tools

FactSet

Symphony

Bloomberg

Job description

Who We Are

Oppenheimer & Co. Inc. (“Oppenheimer”) is a leading middle‑market investment bank and full‑service broker‑dealer. With roots tracing back to 1881, the Company is engaged in a broad range of activities in the financial services industry, including retail securities brokerage, institutional sales and trading, investment banking (both corporate and public finance), equity & fixed income research, market making, trust services and investment advisory and asset management services.

Job Description

Oppenheimer & Co. Inc., a leading mid‑tier investment bank, is currently seeking a Research Associate to join our Biotechnology equity research team. The position is located in New York City.

As a Research Associate, you will work directly with the Senior Research Analyst on many aspects of the research process including building and maintaining financial models and market trackers, performing fundamental analysis and due diligence on biotechnology companies, writing investment‑driven research reports, developing and fielding industry surveys, attending medical and scientific conferences, and undertaking a wide array of industry analyses and competitive assessments. The associate will have broad exposure to company management, scientific and investor conferences, and will interface with key opinion leaders, institutional investor clients, internal sales force and trading personnel.

A strong candidate is independently motivated, analytically‑minded, and intellectually curious; possesses one to two years of experience in equity research or a related field with financial modeling and exposure to the equity markets; and has a demonstrable interest in drug development and a passion for life sciences investing.

Attention to detail, strong work ethic, the ability to multi‑task, and excellent written communication skills are required. A MS in biology or similar field is required. An advanced degree (PhD/MD/MBA, etc.) is preferred.

We Look For People Who Possess The Following Characteristics

• Strong writing and analytical skills. Associates are responsible for writing and producing equity research reports, company initiations, and marketing presentations—often under very tight time constraints;
• Strong financial modeling, accounting, valuation, and quantitative skills. Associates are responsible for building and maintaining integrated models and for organizing and maintaining industry data—attention to detail is critical;
• A passion for the biotechnology sector, stock market and equity research. It is highly advantageous to have prior exposure to the financial markets and equity research, as well as the day‑to‑day responsibilities of an equity research associate;
• A thorough understanding of the investment process and the ability to perform deep primary research;
• Strong communication skills. As time progresses, associates will interact with internal sales and trading and external clients; responsiveness and professionalism is important;
• Strong work ethic. An ability to perform duties under minimal supervision and become fully licensed (FINRA Registrations: SIE, Series 7/63/86/87) within six to twelve months after starting if not already licensed;
• Proficiency in Microsoft Office required; FactSet, Symphony, Bloomberg would be a bonus.

Compensation

For job postings in New York City, Oppenheimer is required by law to include a reasonable estimate of the salary range for this role. This salary range is specific to the City of New York and takes into account the wide range of factors that are considered in making salary decisions including but not limited to your skills, qualifications, experience, licensure and certifications, and other business and organizational needs. A reasonable estimate of the current base salary range is $100,000.00 - $150,000.00 at the time of this posting. Also, certain positions are eligible for additional forms of compensation such as discretionary bonus.