Bank of America Corporation

Associate - Equity Research, SMid/ Large Cap Biotech

Bank of America Corporation$110K — $175K *
Pharmaceuticals & Biotech
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's Degree or equivalent experience required; advanced degree in life sciences is a plus.
  • 1-4 years of biotech equity research, buy-side, or investment banking experience.
  • Strong writing and financial modeling skills essential.
  • Interest in the stock market and experience in both desktop and field research is required.
  • Academic background in life science with knowledge of economics, macroeconomic factors, and policy.
  • Exceptional communication skills, both written and verbal, needed.
  • Detail-oriented with the ability to multi-task in a fast-paced environment.
  • Collaborative team player who views team success as individual success.

Responsibilities

  • Write industry and company reports along with company launch initiations.
  • Develop and conduct doctor/patient surveys and interviews to gauge market dynamics.
  • Build financial models for analyzing company valuations quantitatively.
  • Demonstrate strong industry knowledge from early-stage studies to market approval.
  • Cultivate relationships and ensure the flow of information with covered companies.
  • Identify and pursue new, unique sources of information.
  • Monitor news and highlight significant updates to the Senior Analyst as needed.
  • Engage with sales, trading, and clients regularly, with potential for expanded coverage of individual stocks.

Benefits

  • Access to industry-leading benefits.
  • Opportunities for paid time off.
  • Support resources available for employee impact and contribution.
  • Participation eligibility in an annual discretionary incentive plan.
Full Job Description
The SMid/ Large Cap Biotechnology Equity Research team covers companies spanning three main disease areas of oncology, central nervous system disorders, and rare diseases. The lead analyst is top three ranked in the Institutional Investor vote for the smid biotech category. In 2021 the team worked on several priced IPOs and add ons and is currently vetting several additional transactions. The candidate for this position should be intellectually curious and have a deep desire to learn. Open to recent PhD graduates. The ideal candidate possesses a life science background and experience with financial modeling in either sell-side research or healthcare investment banking. He or she will work alongside the Senior Analyst and Associates in all aspects of the research process, from idea generation to modeling, including but not limited to the following: - Write industry and company reports and company launch initiations - Develop doctor/patient surveys and conduct doctor interviews to understand market dynamics, demand and future projection - Build financial models to quantitatively analyze company valuations - Demonstrate industry knowledge (such as regulatory, pricing) from early-stage study to market approval - Build relationships and facilitate information flow with contacts at covered companies - Seek out new, value-added and/or unusual sources of information - Have ability to monitor news flow and highlight stock-impacting updates when the Senior Analyst is traveling - Interact regularly with sales, trading and external clients and if performance on team is strong enough, take on coverage of individual names over time This position has a requirement of being in the office 4 days per week. Qualifications: - Bachelor's Degree or equivalent years of experience (Advanced degree in life science discipline is a plus) - Ideal candidate would have 1-4 years of experience in biotech equity research, buy side experience or investment banking experience - Strong writing and financial modeling skills is a must - Must enjoy following the stock market and doing desktop and field research - Academic background in a life science field and should understand economics, macroeconomic factors and policy - Must have excellent communications skills, written and verbal - Must have strong attention to detail, ability to multi-task - Must work well in a collaborative team environment - Must have strong desire to be a team player and view team's success as a reflection of individual success Shift: 1st shift (United States of America) Hours Per Week: 40 Pay Transparency details US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100) Pay and benefits information Pay range $110,000.00 - $175,000.00 annualized salary, offers to be determined based on experience, education and skill set. Discretionary incentive eligible This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company. Benefits This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.

About Bank of America Corporation

Bank of America Merrill Lynch is the corporate and investment banking division of Bank of America. It provides services in mergers and acquisitions, equity and debt capital markets, lending, trading, risk management, research, and liquidity and payments management. It was formed through the combination of the corporate and investment banking activities of Bank of America and Merrill Lynch following the acquisition of the latter by the former in January 2009. Bank of America completed the acquisition of Merrill Lynch & Co on 1 January 2009. Bank of America began rebranding all of its corporate and investment banking activities under the Bank of America Merrill Lynch name in September 2009. In April 2010, Bank of America Merrill Lynch appointed Christian Meissner as head of investment banking for Europe, Middle East and Africa. In April 2011, Bank of America Merrill Lynch integrated its corporate and investment banking operations into a single division. In October 2013, Bank of America Merrill Lynch was recognised as the Most Innovative Investment Bank of the Year in The Banker's Investment Banking Awards.

Bank of America Corporation Careers

Join the dynamic team at Bank of America Corporation, a premier global financial institution where innovation, leadership, and growth go hand in hand. As one of the largest banks in the world, we offer unparalleled job opportunities and a culture that values diversity, inclusion, and professional growth. Work You’ll Do At Bank of America Corporation, you’ll be part of a team that’s dedicated to making a real difference. Whether you’re helping families buy their first home, advising businesses on expansion, or developing cutting-edge financial technologies, your work will have an impact. Our commitment to leadership in the financial industry has never been stronger, and we need passionate, skilled professionals to lead our journey. Explore a World of Opportunities From entry-level positions to leadership roles, Bank of America Corporation offers a variety of career paths in areas such as investment banking, technology, marketing, and risk management. Our job opportunities span the globe, providing the chance to work alongside the best in the industry and develop skills that will propel your career forward. Internship Programs Kickstart your career with Bank of America Corporation’s internship programs. These opportunities provide hands-on experience and a chance to engage in meaningful work that complements your academic studies. Interns gain invaluable networking opportunities, receive mentorship from seasoned professionals, and learn about the culture and operations of a global financial leader. Benefits and Growth Bank of America Corporation is committed to the well-being and continuous professional development of our team members. We offer a competitive benefits package that supports the health, financial stability, and work-life balance of our employees. Our training programs and development initiatives ensure that every team member has the opportunity to grow and advance within the company. Inclusive Culture We believe our strength lies in our diversity. Bank of America Corporation fosters an inclusive environment where all employees can thrive. Through diversity training and a commitment to equal opportunities, we cultivate leadership and innovation that reflect the wide-ranging communities we serve. Join Our Team Are you ready to advance your career at a company that’s at the forefront of the financial industry? Explore the positions available at Bank of America Corporation and find where your skills and interests align with our needs. We are continuously hiring and looking for individuals who are curious, creative, and eager to drive change. Stay Connected Keep up to date with the latest from Bank of America Corporation Careers by subscribing to our job alert emails. Tailor your subscription to receive updates that match your career interests and get insider tips that can help you during your application and interview process. Bank of America Corporation is not just a company—it’s a place where you can shape your future and the future of finance. Join us and be part of a team that’s redefining what a bank can be.
Learn more about Bank of America Corporation
Size
208,000 employees
Market Cap
$260.3 billion
Industry
Net Income
$17.8 billion
Founded
1998
5 Year Trend
-1.4%
NASDAQ

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