Research Associate, Healthcare

Wellington Management • Boston, MA

2d • $90,000 - $180,000 • Hybrid

About The Position

Wellington Management is seeking an Equity Research Associate (RA) to join their Global Industry Research Healthcare Team. The RA will collaborate with a senior Global Industry Analyst (GIA) to cover the global MedTech, Tools, and Diagnostics sectors, with a primary focus on the US market. The role requires a self-directed, intellectually curious, and team-oriented individual with a strong interest in medical devices, life sciences tools, diagnostics, and broader healthcare investing. Key responsibilities include analyzing financial, clinical, regulatory, reimbursement, market adoption, and alternative data; evaluating product portfolios and competitive positioning; utilizing AI to enhance research efficiency; and synthesizing complex information to support investment decisions.

Requirements

• Strong financial modeling skills.
• Ability to analyze clinical, commercial, regulatory, reimbursement, and financial datasets.
• Leveraging AI and data tools to drive deeper and more efficient research.
• Experience modeling product portfolios, procedure volumes, utilization trends, pricing, margins, and adoption curves.
• Intellectual curiosity and a passion for understanding the drivers of MedTech, Tools and Diagnostics innovation.
• Ability to prioritize the most relevant information across a complex and fast-moving industry landscape and develop differentiated investment insights.
• Discerning analytical mindset and the ability to focus on the key drivers of value creation, including innovation cycles, competitive positioning, reimbursement, adoption, and execution.
• Superior collaboration skills.
• Ability to communicate investment views clearly, both verbally and in writing, and participate in a constructive investment dialogue.
• Initiative, independence, and strong ownership of research responsibilities.
• Proactive in identifying opportunities, deepening expertise, and contributing to the team's investment process.
• A minimum of 3 years of relevant investment experience.
• Prior experience in healthcare or MedTech, Tools or Diagnostics equity research, ideally in a buy-side or sell-side research associate role.
• Experience analyzing medical device, diagnostics, or life science tools companies, including procedure volumes, utilization trends, industry datasets, clinical data, regulatory pathways, and reimbursement dynamics is preferred.
• Financial modeling experience, including valuation frameworks for medical device, diagnostics, and tools healthcare companies.
• Understanding of long/short investing concepts and risk management approaches is beneficial.
• Strong analytical and problem-solving abilities.
• High level of intellectual curiosity and willingness to engage deeply with clinical, technical, commercial, reimbursement, and financial material.
• Strong data and technology skills, including experience using AI and tools to screen, rank, and analyze large stock universes.
• A willingness to lead effort to integrate AI into research processes.
• Sound judgment, strong work ethic, and the highest level of personal and professional integrity.
• Ability to work independently and make decisions in the face of uncertainty.
• Strong organizational skills and attention to detail.
• Excellent written and verbal communication skills.
• Superior academic credentials; an undergraduate degree is required.

Nice To Haves

• Scientific, engineering, biomedical engineering, healthcare, or related technical backgrounds are advantageous.
• Progress toward CFA/CAIA levels is additive.

Responsibilities

• Maintaining industry and comparative valuation models across medical device, diagnostics, and life science tools companies.
• Building and maintaining company financial models with a focus on product-level forecasting, procedure volumes, pricing, reimbursement, margin trends, and adoption curves.
• Assessing commercial opportunity, product differentiation, regulatory pathway, reimbursement dynamics, and adoption risk for new and existing medical technologies.
• Analyzing clinical data, FDA and international regulatory developments, procedure and utilization trends, hospital and physician purchasing dynamics, and other industry datasets to evaluate company fundamentals and competitive dynamics.
• Performing ongoing due diligence across the global MedTech, Tools, and Diagnostics landscape, identifying emerging investment opportunities and key risks across established and disruptive categories.
• Executing complex analytical projects that leverage alternative data, AI, and other tools under tight time constraints.
• Staying abreast of relevant company, clinical, regulatory, reimbursement, and industry materials, including product launches, guideline changes, reimbursement updates, conference proceedings, and scientific publications.
• Contributing to idea generation across both long and short investment opportunities.

Benefits

• retirement plan
• health and wellbeing
• dental
• vision
• pharmacy coverage
• health savings account
• flexible spending accounts
• commuter program
• employee assistance program
• life and disability insurance
• adoption assistance
• back-up childcare
• tuition/CFA reimbursement
• paid time off (leave of absence, paid holidays, volunteer, sick and vacation time)

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Education Level: Associate degree