Large Cap Pharma and Biotech Analyst

T. Rowe Price • Baltimore, MD

1d • $175,000 - $275,000 • Hybrid

About The Position

At T. Rowe Price, we identify and actively invest in opportunities to help people thrive in an evolving world. As a premier global asset management organization with more than 85 years of experience, we provide investment solutions and a broad range of equity, fixed income, and multi-asset capabilities to individuals, advisors, institutions, and retirement plan sponsors. We take an active, independent approach to investing, offering our dynamic perspective and meaningful partnership so our clients can feel more confident. We believe doing the right thing for our clients and our associates is good business . With a career at the firm, y ou can expect opportunities to create real impact at work and in your community. Y ou’ll enjoy resources to support your career path, a s well as compensation , benefits , and flexibility to enrich your life. Here, you’ll find a collaborative culture that respect s and valu e s differences and colleagues who share a spirit of generosity . Join us for the opportunity to g row and make a difference in ways that matter to you . Role Summary Perform fundamental analysis of the sector to identify the key trends and the best-positioned companies in the Healthcare sector, specifically Large Cap Pharmaceutical & Biotechnology industries. In addition to developing and communicating investment recommendations within the firm, the ideal candidate will provide thought-leadership about healthcare trends and mentorship to more junior members of the healthcare investment team.

Requirements

• MD, PhD or other advanced life-science degree
• Minimum 3-4+ years investment experience in Pharmaceuticals & Biotechnology sectors
• Demonstrated academic excellence and a passion for investing
• Consistently shows maturity and sound judgment, with the ability to inspire confidence in high‑pressure or stressful situations
• Competitive nature with an investment mindset, supported by a deep interest in equity markets
• Strong quantitative analysis capabilities
• Exceptional communication skills, enabling the delivery of high‑quality, technically rigorous written research
• Baltimore (re)location

Nice To Haves

• Previous experience covering large cap Pharmaceutical & Biotechnology stocks
• Understanding of drug development, clinical trial phases, regulatory approval pathways (FDA/EMA), pricing and reimbursement
• Global coverage experience including both U.S. and European Biopharmaceutical companies with previous experience interacting with international management teams
• Ability to incorporate regulatory risk, policy changes, and ESG considerations into investment theses
• Previous experience leveraging AI‑enabled research tools to enhance equity analysis and investment decision‑making, while applying rigorous judgment to validate insights.

Responsibilities

• Conducts comprehensive primary research on companies including detailed financial statement analysis, evaluation of market data, direct engagement and interviewing of management teams and company visits, to gain a deep understanding of companies within the sector, build high‑conviction investment theses and support equity buy and sell recommendations.
• Applies disciplined investment judgment and rigorous analysis to generate and deliver equity buy and sell recommendations to Portfolio Managers in support of portfolio performance objectives.
• Effectively positions investment ideas and persuades Portfolio Managers to act on buy/sell recommendations by clearly articulating the associated risk‑reward payoff of the recommendation.
• Maintains ongoing coverage following execution of recommendations, providing Portfolio Managers with timely continuous updates on material developments affecting the investment thesis to support informed future decision‑making.

Benefits

• Competitive compensation
• Annual bonus eligibility
• A generous retirement plan
• Hybrid work schedule
• Health and wellness benefits, including online therapy
• Paid time off for vacation, illness, medical appointments, and volunteering days
• Family care resources, including fertility and adoption benefits

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Ph.D. or professional degree
• Number of Employees: 5,001-10,000 employees