Biotech Research Associate

B. Riley Securities • San Francisco, NY

23h • Hybrid

About The Position

B. Riley Securities is seeking a Biotech Research Associate to join their Healthcare Equity Research team. This role is part of a top-ranked research platform known for its stock-picking performance and fundamentals-driven approach. The associate will support senior analysts in covering various therapeutic areas, contributing to published research on both commercial and development-stage companies in a fast-paced, catalyst-driven environment. The position offers a clear path to becoming an analyst, rapid responsibility due to small team sizes, mentorship, and access to C-suite executives and Key Opinion Leaders (KOLs).

Requirements

• One to three years of experience in biotechnology/pharmaceuticals via equity research, investment banking, consulting, industry, or clinical/scientific roles; OR an advanced scientific degree with demonstrated interest in public markets.
• Ability to interpret clinical and scientific data and translate findings into investment implications.
• Solid financial modeling and analytical skills with advanced Excel proficiency.
• Strong written communication and attention to detail under deadline pressure.
• Willingness to obtain required FINRA licenses (SIE, Series 7, 63, 86/87) post-hire; existing licenses a plus.
• Strong work ethic, intellectual curiosity, integrity, and a team-first attitude.

Nice To Haves

• Advanced degree (Ph.D., M.D., Pharm.D., or Master's) in life sciences or a related field.
• Prior sell-side equity research experience in healthcare/biotech.
• Familiarity with FactSet, Bloomberg, AlphaSense, clinicaltrials.gov, and scientific literature review.
• Experience applying data analysis or coding (Python, R) to clinical or financial datasets.
• CFA designation or active candidacy.

Responsibilities

• Support biotech and pharmaceutical public equity coverage, including earnings, clinical data readouts, and medical conference events.
• Conduct scientific, clinical, regulatory, and competitive due diligence, distilling key information for the investment thesis.
• Track catalysts across the coverage universe and communicate developments to the team.
• Build and maintain financial models, including revenue builds, probability-adjusted forecasts, and comp sheets.
• Develop and maintain therapeutic class, disease area, and regulatory precedent databases.
• Construct forecasts and sensitivity analyses to support investment recommendations.
• Draft research notes, flash updates, and companion sales materials.
• Communicate actionable ideas on calls and respond to requests from the sales force and institutional clients.
• Participate in management calls, KOL discussions, investor conferences, and corporate access initiatives.

Benefits

• Competitive base salary with quarterly performance-based bonuses and additional associate program competition bonuses.
• Comprehensive medical, dental, and vision insurance.
• 401(k) profit-sharing retirement plan.
• Paid holidays, vacation, and sick leave.
• Sponsorship of all required FINRA licenses, mentorship pairing, and access to industry conferences and continuing education.
• Company paid life and disability coverage.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level