Description
We're seeking a highly motivated and detail-oriented Associate to join our Biotechnology Equity Research team. The ideal candidate will have a strong background in medicine/science (PhD/MD a plus) with 2+ years of relevant experience (consulting, banking, equity research, etc.) and a strong understanding of the biotech industry/stocks.
What We're Looking For
- Conduct in-depth fundamental research and analysis of biotechnology companies, assessing pre-clinical/clinical data, scientific risk, and commercial/competitive dynamics
- Lead diligence calls with physicians, scientists, and other external experts
- Communicate/present ideas to Analyst and develop written product synthesizing research into an informed investment thesis
- Build and maintain detailed financial models, including drug forecasts, income statements, balance sheets, cash flow statements, and discounted cash flow analysis
- Monitor industry and macro trends impacting the sector
- Clearly state and defend the Analyst's investment thesis and outlook for each of the stocks under coverage
- Respond to basic questions from institutional sales and clients regarding covered companies, and industry questions and data requests
- Some travel (up to 20%)
What You'll Bring
- Inductive Reasoning - The ability to combine pieces of information to form general rules or conclusions.
- Critical Thinking - Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
- Judgment and Decision Making - Considering the relative costs and benefits of potential actions to choose the most appropriate one.
- Time Management - Managing one's own time and priorities to ensure the meeting of deadlines
- Oral and Written Expression - The ability to communicate information and ideas in spoken or written form so that others will understand.
- Economics, Accounting, Finance, and Securities Analysis - Knowledge of economic, accounting, and financial principles and practices, the financial markets, the industry, the analysis and reporting of financial data, and associated terminology.
Education & Experience
- Minimum Required: Bachelor's degree in a scientific discipline; PhD and/or MD preferred
- Minimum Required: 2 to 4 years of relevant industry experience (consulting, banking, equity research) with a strong interest in the biotech industry
Licenses & Credentials
- Minimum Required: None
Systems & Technology
- Proficient in Microsoft Excel, Word, PowerPoint, Outlook
About Stifel
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
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