Equity Research Associate, Health Care - Biotechnology

Work Location:

New York, New York

Hours:

40

Pay Details:

$125,000 - $175,000 USD

TD is committed to providing fair and equitable compensation opportunities to all colleagues. The included salary range for this role takes into account multiple factors that are considered in making compensation decisions. The base pay actually offered may vary based upon candidate's skills and experience, job-related knowledge, licensure and certifications, geographic location, and other specific business and organizational needs. As TD puts career development at the forefront of our colleague experience, it is not typical for an individual to be hired at or near the top of the range for their role.

As a candidate, you are encouraged to ask compensation related questions and have an open dialogue with your recruiter who can provide you more specific details for this role.

Line of Business:

TD Securities

Job Description:

Job Overview

TD Cowen, a division of TD Securities, is looking for an Equity Research Associate to join its Healthcare, Biotechnology team in New York.

Equity research analysts follow the progress of public biotechnology companies and make stock recommendations to institutional investor clients. Job tasks include financial modeling, interviews with physician experts and company managements, conducting surveys, literature reviews, hosting industry conferences, writing reports and making oral presentations.

The successful candidate will support a Senior Research Analyst in analyzing individual biotech companies and market trends; composing company-specific and thematic research reports; building and maintaining financial and market models; interviewing physicians and company executives; conducting deep scientific and clinical due diligence; and interacting with Cowen's institutional sales force, traders, investment bankers, 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.  

Preferred Requirements:

• Exceptional academic pedigree, including a higher degree in a life science-related field (PhD and/or M.D.)
• MBA or CFA a plus
• Outstanding analytical skills. Ability to do deep primary research, analyze and draw conclusions from information
• Hard work ethic, attention to detail, analytical, curious, optimistic, tenacious with a desire to learn about the bio-pharmaceutical industry
• Passion for investing
• Good verbal and written communication skills
• Proven ability to work well on teams, self-motivated, showing initiative, and a willingness to work hard

Depth & Scope:

• Expert level professional role requiring in-depth knowledge/expertise in own domain/field of specialty and working knowledge of broader related areas to run data analysis and develop research reports
• Integrates the broader organizational and industry context into advice and solutions
• Solves complex problems requiring analysis of multiple variables, which may require consultation with multiple stakeholders
• Uses advanced methods to contribute to new solutions and recommend standards against which others will operate
• Interprets guidelines, standards, policies, and results of analysis to inform decision making at senior levels
• Builds stakeholder alignment in leading activities, identifying, and leading problem resolution
• Works independently as a subject matter expert within own area of specialty and act as an escalation point and/or knowledge resource for others

Education & Experience:

• Undergraduate degree
• Holds or is working towards a CFA designation preferred for publishing analysts and associates
• Master’s or PhD preferred
• 2+ years related experience

Customer Accountabilities:

• Compiles, analyzes, and evaluates data, conducting modeling on multiple data inputs related to assigned:
  • companies/industries and/or
  • financial markets and economic analysis research reports (e.g., initiating cov