Research Associate II - Biopharmaceuticals Job Listing at Stifel in New York, NY (Job ID 9102)

Description

The Healthcare Equity Research team is seeking a motivated and detail-oriented Research Associate to support senior Research Analysts covering biopharmaceutical and healthcare companies. This role provides 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.

• 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; ability to analyze clinical trial results a plus
• 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

• Strong financial modeling, valuation, and analytical skills with exceptional attention to detail
• Solid foundation in accounting, finance, economics, and securities analysis
• Ability to analyze complex information, including clinical trial data (preferred but not required)
• 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; experience with Bloomberg and FactSet preferred

• Minimum required: BA, BSc with concentration in Finance, Economics, Accounting, and/or MBA; MD degree preferred 
• Minimum required: 2-4 years of experience in financial services, equity research, consulting, healthcare, or a related industry
• Advanced degrees (MBA, MSc) or healthcare background (e.g., life sciences) preferred

• Minimum Required: SIE, FINRA Series 86, FINRA Series 87

• Proficient in Microsoft Excel, Word, PowerPoint, Outlook

The Stifel Equity Research Group is a recognized leader with a deep and broad spectrum of coverage. Our 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:

• Aerospace & Defense
• Consumer & Retail
• Diversified Industrials
• Internet & Media
• Healthcare
• Real Estate
• Technology
• Transportation
• Business Services
• Energy & Power
• Materials