Equity Research – Associate, SMID Cap Biotech (New York)

Morgan Stanley•New York, NY
•$150,000 - $200,000

About The Position

Morgan Stanley Investment Research is committed to supporting clients’ investment processes through relevant and timely analysis of investor debates, potential outcomes, and evidence that can inform investment decisions. Its analysts cover approximately 3,000 stocks, while economists, strategists, and fixed-income analysts cover regions and asset classes around the world. The Equity Research department researches macroeconomic and microeconomic conditions and company fundamentals, analyzes financial information, and makes investment recommendations on stocks in specific sectors. Research analysts build financial models, examine industries, communicate with companies and investors, and share analysis and recommendations through research notes. Morgan Stanley is seeking an experienced Associate- or VP-level team member for its SMID Cap Biotech team in New York.

Requirements

  • 1 to 5 years of professional experience in Research, Finance, Accounting, and/or the Healthcare/Biotechnology industry.
  • Experience using Excel to build and maintain financial models; advanced Excel proficiency is required.
  • Professional writing experience, such as preparing equity research notes or correspondence, or presenting or developing industry reports.
  • Strong PowerPoint and data visualization skills.
  • Ability to adapt and work well under pressure and within a team environment.
  • Strong attention to detail.

Nice To Haves

  • An advanced degree in life sciences (MD or PhD), MBA, CPA, or CFA.

Responsibilities

  • Create and maintain earnings, valuation, and industry models using accounting, finance, and economics skills.
  • Assist with research reports covering initiations of coverage, data analysis, earnings results, and industry news.
  • Use available resources to develop differentiated company-specific or industry research content.
  • Interact with institutional investors and respond to requests for models, reports, and data analysis.
  • Monitor industry news and analyze the implications of news and industry developments for companies under coverage.
  • Develop and maintain relationships with investor relations personnel and management at covered companies.
  • Conduct industry diligence and primary research, including surveys, expert conference calls, and channel checks, to evaluate industry trends.
  • Assist internal sales and trading teams with timely analysis of breaking sector news.

Benefits

  • Morgan Stanley describes its employee benefits and perks as attractive and comprehensive, and says it supports employees and their families throughout their work-life journey.
  • The total compensation package may include commission earnings, incentive compensation, discretionary bonuses, other short- and long-term incentive packages, and other Morgan Stanley-sponsored benefit programs.
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