US Equity Research - Semiconductors - Associate

JPMorgan Chase & Co.; New York (NY); On-site; USD 120,000 - 170,000; Full time

Job summary

J.P. Morgan is seeking an Associate in Equity Research focused on Semiconductors. You will build models, forecast financials, value stocks, and analyze earnings, regulatory filings, and industry events while communicating insights to clients.

The role partners with Sales and Trading to deliver market intelligence, with responsibilities spanning note writing, presentations, and client interactions in a fast-paced environment.

Qualifications

• FINRA licenses Series 86 and Series 87.
• Two to three years of equity research and/or investment banking experience.
• Strong accounting, finance, quantitative and business communication skills with modelling, forecasting and valuation experience.
• Advanced level of Excel proficiency.
• Ability to multi-task and collaborate within a team or work independently.
• High attention to detail and ability to meet deadlines in a dynamic environment.
• Passion for markets and interest in the Semiconductors sector.
• CFA charterholder or progress toward CFA (preferred).
• Some coding capabilities – e.g., VBA, Python (preferred).

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.
• Write research notes and prepare sector presentations.
• Develop relationships and communicate with internal/external clients and management teams.
• Fulfill client requests in a timely and thorough manner.
• Demonstrate intellectual curiosity and generate differentiated research ideas.

Skills

Accounting

Finance

Quantitative analysis

Business writing

Communication

Modeling

Forecasting

Valuation

Team collaboration

Tools

Excel

VBA

Python

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 Semiconductors, 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 the Semiconductors sector

Preferred qualifications:

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