Equity Research Associate - Health Care, Pharmaceuticals
Experienced - Res
TD Cowen is looking for an Associate to work for its Healthcare, Pharmaceuticals Equity Research team in Boston.
Equity research analysts follow the progress of public pharmaceutical companies and make stock recommendations to institutional investor clients. Job tasks include evaluating scientific data, financial modeling, interviews with physician experts and company managements, conducting surveys, hosting industry conferences, writing reports, and making oral presentations.
Responsibilities include supporting senior analyst; analyze individual pharma companies and market trends; compose company-specific and thematic research reports; build and maintain financial models; interview physicians and company executives; interact with Cowen's institutional sales force and investor clients.
Note from Cowen associates with life science/ M.D. and/or Ph.D. backgrounds:
What we find especially appealing about the job is that it involves acquiring expertise in a broad range of disciplines, both scientific (gaining in-depth knowledge of therapeutic areas pursued by covered companies, drug mechanisms and their associated safety/efficacy profiles, clinical trial design strategies, etc.) and non-scientific (analyzing intellectual property, financial status, market opportunities, etc.). This position is one of just a handful in which former physicians and scientists can apply their healthcare expertise to the art of investing. The product of our work is first and foremost good investment ideas. The position is a unique combination of science, medicine, and finance. It may be ideal for a person with passion in these areas.
Job Requirements / Qualifications:
The following are the minimum requirements for the position:
- Exceptional academic pedigree, including a higher degree in a life science-related field (PhD, PharmD or MD)
- CFA or MBA is a plus
- Strong work ethic, attention to detail, desire to learn about the pharmaceutical industry
- Outstanding analytical skills. Ability to do deep primary research, analyze and draw conclusions from information
- Good verbal and written communication skills. Ability to perform in a team environment
- Passion for investing
The expected base salary ranges from $125k - $175k. Salary offers are based on a wide range of factors including relevant skills, training, experience, education, and, where applicable, licenses or certifications obtained. Market and organizational factors are also considered. In addition to salary and a generous employee benefits package, successful candidates are eligible to receive a discretionary bonus.
Who We Are:
As a leading corporate and investment bank, TD Securities offers a wide range of integrated capital markets products and services. Our corporate, government, and institutional clients choose us for our innovation, execution, and experience.
With more than 6,500 professionals operating out of 40 cities across the globe, we help clients meet their needs today and prepare for tomorrow. Our services include underwriting and distributing new issues, providing trusted advice and industry-leading insight, extending access to global markets, and delivering integrated transaction banking solutions.
TD Cowen is a division of TD Securities. As part of TD Securities' broader suite of integrated capital markets products and services, our offering includes investment banking, research, sales and trading, prime brokerage, outsourced trading, and commission management services.
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