Research Associate II - Biopharmaceuticals

Stifel•New York, NY

7h•Onsite

About The Position

The Healthcare Equity Research team at Stifel is seeking a motivated and detail-oriented Research Associate to support senior Research Analysts covering biopharmaceutical and healthcare companies. This role offers hands-on exposure to financial modeling, valuation, industry analysis, and the equity research process within a collaborative and high-performing research platform. The Research Associate will work closely with senior analysts and team members to deliver high-quality research under tight deadlines, while building deep industry knowledge and long-term career development opportunities. The Stifel Equity Research Group is a recognized leader with a deep and broad spectrum of coverage. Its award-winning analysts are thought leaders, many with hands-on experience in their respective industries, offering objective, in-depth analysis and timely, actionable research ideas. Stifel is a top 10 provider of U.S. equity coverage in various sectors including Healthcare.

Requirements

Strong financial modeling, valuation, and analytical skills with exceptional attention to detail
Solid foundation in accounting, finance, economics, and securities analysis
Strong written and verbal communication skills, with the ability to articulate investment ideas clearly
Demonstrated critical thinking, judgment, and problem-solving abilities
Strong initiative, work ethic, and ability to manage multiple projects simultaneously under time pressure
Proficiency in Microsoft Excel, PowerPoint, Word, and Outlook
BA, BSc with concentration in Finance, Economics, Accounting, and/or MBA
2-4 years of experience in financial services, equity research, consulting, healthcare, or a related industry
SIE, FINRA Series 86, FINRA Series 87

Nice To Haves

Ability to analyze clinical trial results
Experience with Bloomberg and FactSet
MD degree
Advanced degrees (MBA, MSc)
Healthcare background (e.g., life sciences)

Responsibilities

Build, maintain, and update Excel-based financial models, including full income statements, balance sheets, cash flow statements, and discounted cash flow (DCF) analyses
Perform valuation and comparative analyses, including comp sheets and market models
Analyze financial and operational information obtained from company management and public disclosures
Monitor and evaluate company news, earnings releases, clinical trial data, and industry developments
Prepare initiation reports, research notes, and marketing presentations
Conduct data gathering, validation, and testing to ensure accuracy and integrity of financial models
Manage and utilize financial databases and electronic data services (e.g., Bloomberg, FactSet, IMS)
Support special projects and ad hoc analyses for senior analysts
Interact over time with internal sales and trading teams and, where appropriate, external clients
Attend management meetings, investor/analyst days, and medical or industry conferences as needed
Build industry knowledge, contacts, and an understanding of the healthcare and biopharmaceutical landscape