Research Associate
About The Position
B. Riley Securities is seeking ambitious research associates to join its top-ranked research platform, known for its exceptional stock-picking performance in the small- and mid-cap space. The firm covers approximately 400 companies with a fundamentals-driven approach, aiming to generate alpha-producing ideas for institutional investors. This role offers a clear path for advancement through an industry-leading internal promotion track record, rapid responsibility, and mentorship. Associates will gain high-impact experience through C-suite access, client engagement, and the opportunity to co-author published research. The platform also boasts unique advantages like an alpha generation focus, a Discovery Group for uncovering small-cap opportunities, and full-service capabilities across investment banking, M&A advisory, and capital markets.
Requirements
- Bachelor’s degree in finance, economics, accounting, healthcare, or related field.
- Demonstrated passion for public markets through investment club participation, personal investing, and/or relevant coursework.
- Superior analytical skills with deep understanding of financial and accounting principles.
- Advanced proficiency in Excel financial modeling and PowerPoint presentations.
- Excellent verbal and written communication skills with the ability to express ideas effectively and fluently to an institutional audience.
- Intellectual curiosity and passion for uncovering investment opportunities.
- Ability to manage multiple projects while maintaining attention to detail.
- Comfortable with direct client interaction and public speaking.
- Team player who thrives in a competitive team environment.
- Must obtain all FINRA licenses (SIE, Series 86/87) within the first 6 months if not currently licensed.
Nice To Haves
- One to four years of experience in equity research or general finance.
- CFA designation or active candidacy.
- Experience with Bloomberg, Blue Matrix, and FactSet.
- SIE, Series 86 and Series 87 licenses preferred.
Responsibilities
- Identify actionable investment opportunities through fundamental research and channel checks.
- Develop differentiated investment theses with clear catalysts and risk/reward frameworks.
- Monitor coverage universe for inflection points and communicate timely calls to team.
- Present stock ideas in monthly associate program competitions with conviction and supporting analysis.
- Conduct deep-dive industry research and primary research initiatives.
- Build and maintain complex financial models, including DCF, comparable analysis, and sector-specific frameworks.
- Demonstrate mastery of accounting fundamentals and financial statement analysis.
- Construct accurate forecasts and sensitivity analyses to support investment recommendations.
- Identify key debate points and valuation disconnects in coverage universe.
- Draft institutional-quality research reports requiring minimal editing before publication.
- Communicate actionable ideas on morning/midday calls when appropriate.
- Execute information requests from sales force and institutional clients.
- Support corporate access initiatives connecting investors with management teams.
- Participate in earnings calls, investor meetings, and management presentations.
- Build relationships with company management teams and investor relations professionals.
- Participate in firm activities, committees, task forces, and recruiting efforts.
- Attend external industry-related events.
- Support corporate access initiatives connecting investors with company management teams.
Benefits
- Competitive base salary range of $80,000 to $100,000
- Quarterly performance-based bonuses
- Potential for additional associate program competition bonuses
- Comprehensive medical, dental, and vision insurance
- 401(k) profit-sharing retirement plan
- Paid holidays, vacation, and sick leave
- License support: sponsorship of all required FINRA licenses
- Conference participation: opportunities to attend industry and B. Riley Securities conferences
- Continuing education: access to training programs, industry seminars, and executive education
- Company paid life and disability coverage
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
