Research Associate, Consumer

wellington; Boston (MA); On-site; USD 90,000 - 120,000; Full time

Job summary

Wellington Management is seeking an Equity Research Associate to join the Global Industry Research Consumer Team in Boston. You will support coverage within consumer staples and related sectors, collaborating with a senior analyst to enhance research quality and investment ideas.

The role emphasizes building and updating models, analyzing data-driven drivers of value, and leveraging AI to screen large stock universes. Strong collaboration and independent initiative are essential for success.

Qualifications

• 2+ years of relevant investment or equity research experience.
• Experience using AI and tools to screen, rank, and analyze large stock universes.
• Experience analyzing consumer staples preferred but not required, with related consumer sectors acceptable.
• Financial modeling experience with valuation frameworks for consumer companies.

Responsibilities

• Maintain industry and comparative valuation models for consumer staples.
• Build and maintain company financial models focused on revenue growth, margins, pricing, and cash flow.
• Assess category growth, brand strength, pricing power, distribution strategy, and execution risk.
• Analyze company results, consumer spending trends, data sources, and competitive dynamics.
• Conduct due diligence across global consumer staples with emerging opportunities and risks.
• Execute analytical projects leveraging alternative data and AI under tight deadlines.
• Stay updated on earnings, industry data, and regulatory changes impacting the sector.
• Contribute to idea generation for long and short investment opportunities.

Skills

Financial modeling

Equity research

Data analysis

AI tools

Tools

AI tools

Job description

About Us

Wellington Management offers comprehensive investment management capabilities that span nearly all segments of the global capital markets. Our investment solutions, tailored to the unique return and risk objectives of institutional clients in more than 60 countries, draw on a robust body of proprietary research and a collaborative culture that encourages independent thought and healthy debate. As a private partnership, we believe our ownership structure fosters a long-term view that aligns our perspectives with those of our clients.

About the Role

We are seeking an Equity Research Associate (RA) to join our Global Industry Research Consumer Team. In this role, the RA will work closely with a senior Global Industry Analyst (GIA) to support coverage within the consumer staples sector, while also drawing on broader consumer sector knowledge across consumer discretionary, retail, brands, restaurants, leisure, and related subsectors.

Responsibilities

• Maintaining industry and comparative valuation models across consumer staples companies, while incorporating relevant read-throughs from the broader consumer sector;
• Building and maintaining company financial models with a focus on revenue growth, margins, pricing, market share, channel mix, inventory trends, cash flow generation, and other consumer staples-specific drivers;
• Assessing category growth, competitive positioning, brand strength, consumer demand, pricing power, distribution strategy, and execution risk across staple categories and adjacent consumer end markets;
• Analyzing company results, industry data, consumer spending trends, point-of-sale and channel data, web traffic, app engagement, foot traffic, supply chain indicators, and other datasets to evaluate company fundamentals and competitive dynamics;
• Performing ongoing due diligence across the global consumer staples landscape, identifying emerging investment opportunities and key risks across established and evolving categories;
• Executing complex analytical projects that leverage alternative data, AI, and other tools under tight time constraints;
• Staying abreast of relevant company, industry, macroeconomic, and consumer materials, including earnings releases, management commentary, industry conferences, retail data, brand developments, input cost trends, and regulatory or policy changes impacting the sector;
• Contributing to idea generation across both long and short investment opportunities.

ESSENTIAL SKILLS

Analytical acumen and passion for markets -The ideal candidate will possess strong financial modeling skills and the ability to analyze company, industry, consumer, macroeconomic, channel, and alternative datasets, while leveraging AI and data tools to drive deeper and more efficient research. Experience modeling revenue drivers, margin structures, pricing, market share, unit economics, working capital, and cash flow is highly valued. Intellectual curiosity and a passion for understanding the drivers of consumer staples demand, brand strength, retail execution, pricing power, and business model durability are essential.

Judgment and investment focus - Successful candidates will demonstrate an ability to prioritize the most relevant information across the consumer staples landscape while incorporating broader consumer sector context where relevant. A discerning analytical mindset and the ability to focus on the key drivers of value creation, including category growth, market share, pricing power, margins, cash flow, competitive positioning, and execution, will be important.

Superior collaboration skills - The Research Associate will contribute meaningfully to the research efforts of the consumer team while building strong working relationships across the firm. The ability to communicate investment views clearly, both verbally and in writing, and participate in a constructive investment dialogue is essential.

Growth mindset - This role requires initiative, independence, and strong ownership of research responsibilities. The successful candidate will be proactive in identifying opportunities, deepening their expertise, and contributing to the team's investment process.

QUALIFICATIONS

• A minimum of 2 years of relevant investment or equity research experience;
• Strong data and technology skills, including experience using AI and tools to screen, rank, and analyze large stock universes;
• Experience analyzing consumer staples companies is preferred but not required, with relevant experience also coming from broader consumer discretionary, retail, brands, restaurants, leisure, or related consumer companies, including revenue drivers, market share, margins, channel dynamics, consumer behavior, and industry datasets;
• Financial modeling experience, including valuation frameworks for consumer companies and an understanding of revenue, margin, cash flow, balance sheet, and return profile drivers.