What are the responsibilities and job description for the Equity Research Associate – Biotechnology position at Cowen, Inc?
EQUITY RESEARCH ASSOCIATE - BIOTECHNOLOGY
Experienced - Res
NEW YORK, NY
JOB OVERVIEW
TD Cowen is looking for an Equity Research Associate to join its Healthcare, Biotechnology team in New York.
Equity research analysts follow the progress of public biotechnology companies, and make stock recommendations to institutional investor clients. Job tasks include financial modeling, interviews with physician experts and company managements, conducting surveys, literature reviews, hosting industry conferences, writing reports and making oral presentations.
The successful candidate will support a Senior Research Analyst in: analyzing individual biotech companies and market trends; composing company-specific and thematic research reports; building and maintaining financial and market models; interviewing physicians and company executives; conducting deep scientific and clinical due diligence; and interacting with Cowen's institutional sales force, traders, investment bankers, and investor clients.
Note from Cowen associates with life science/ M.D. and/or Ph.D. backgrounds:
What we find especially appealing about the job is that it involves acquiring expertise in a broad range of disciplines, both scientific (gaining in-depth knowledge of therapeutic areas pursued by covered companies, drug mechanisms and their associated safety/efficacy profiles, clinical trial design strategies, etc.) and non-scientific (analyzing intellectual property, financial status, market opportunities, etc.). This position is one of just a handful in which former physicians and scientists can apply their healthcare expertise to the art of investing. The product of our work is first and foremost good investment ideas. The position is a unique combination of science, medicine, and finance. It may be ideal for a person with passion in these areas.
JOB REQUIREMENTS / QUALIFICATIONS:
The following are the minimum requirements for the position:
- Exceptional academic pedigree, including a higher degree in a life science-related field (PhD and/or M.D.)
- MBA or CFA a plus
- Outstanding analytical skills. Ability to do deep primary research, analyze and draw conclusions from information
- Hard work ethic, attention to detail, analytical, curious, optimistic, tenacious with a desire to learn about the bio-pharmaceutical industry
- Passion for investing
- Good verbal and written communication skills
- Proven ability to work well on teams, self-motivated, showing initiative, and a willingness to work hard
The expected base salary ranges from $125k - $175k. Salary offers are based on a wide range of factors including relevant skills, training, experience, education, and, where applicable, licenses or certifications obtained. Market and organizational factors are also considered. In addition to salary and a generous employee benefits package, successful candidates are eligible to receive a discretionary bonus.
Who We Are:
As a leading corporate and investment bank, TD Securities offers a wide range of integrated capital markets products and services. Our corporate, government, and institutional clients choose us for our innovation, execution, and experience.
With more than 6,500 professionals operating out of 40 cities across the globe, we help clients meet their needs today and prepare for tomorrow. Our services include underwriting and distributing new issues, providing trusted advice and industry-leading insight, extending access to global markets, and delivering integrated transaction banking solutions.
TD Cowen is a division of TD Securities. As part of TD Securities' broader suite of integrated capital markets products and services, our offering includes investment banking, research, sales and trading, prime brokerage, outsourced trading, and commission management services.
Learn more at: https://www.cowen.com/ and https://www.linkedin.com/company/cowen-inc/
OUR VALUES
Vision - We consistently deliver differentiated and disruptive insights that help our clients outperform
Empathy - We proactively consider and account for the priorities and concerns of our colleagues and clients
Sustainability - We endeavor to produce ideas and solutions that are ethically grounded and aim to pass the test of time
Tenacious Teamwork - We elevate collaboration to new levels, empowering our ability to provide the best solutions for our clients.
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Salary : $125,000 - $175,000