Morgan Stanley

Equity Research Associate - Medical Technology

Morgan Stanley$150K — $200K *
Pharmaceuticals & Biotech
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 2+ years in Equity Research, Investment Banking, or Capital Markets preferred.
  • Proficient in Excel for building and maintaining financial models.
  • Experience writing equity research notes or similar professional documents.
  • Solid PowerPoint skills for presentations and reports.
  • Adaptability and ability to perform under pressure are essential.
  • Strong attention to detail is crucial for accuracy.
  • Experience in the medical device industry is advantageous.

Responsibilities

  • Create and maintain financial models for earnings and valuations.
  • Write research reports covering industry data and earnings results.
  • Engage with institutional investors for model requests and analysis.
  • Monitor and analyze industry news and its impact on covered companies.
  • Build and sustain relationships with investor relations and company management.
  • Conduct primary research and industry diligence through surveys and interviews.
  • Assist sales and trading teams with timely analysis of industry developments.

Benefits

  • Access to a range of Morgan Stanley sponsored benefit programs.
  • Opportunities for commission and incentive compensation packages.
  • Potential for discretionary bonuses based on performance.
  • Support for ongoing education and professional development.
Full Job Description
Job Description

We are looking for an Associate-level individual to join our Medical Supplies & Devices Team.

The team member's primary responsibilities are but are not limited to:
• Create and maintain earnings, valuation and industry models leveraging skills in accounting, finance and economics.
• Write research reports for initiations of coverage, analysis of data, earnings results, and industry news.
• Interact with institutional investors, respond to requests for models and data analysis.
• Keep abreast of industry-related news flow. Analyze implications of news/industry developments to companies under coverage.
• Develop and maintain relationships with investor relations personnel and management of companies under coverage.
• Conduct industry diligence and primary research through surveys, expert conference calls, and various channel checks to evaluate industry trends.
• Assist internal sales and trading teams in the timely analysis of breaking news in the sector

Qualifications - External
• The candidate will ideally have 2 + years of professional experience in Equity Research, Investment Banking, or Capital Markets. Will also consider candidates with Med Device industry and Management Consulting experience.
• Experience utilizing Excel to Build / Maintain Financial models, an advanced level of excel proficiency is expected and required
• Experience writing in a professional capacity, e.g. crafting equity research notes / correspondence; presentation and/or development of industry reports
• Strong PowerPoint skills are required
• Expected to be adaptable and have the ability to work well under pressure
• Strong attention to detail is a must
• Medical industry, specifically medical device sector, experience is a plus
• CFA is a plus

Expected base pay rates for the role will be between $150,000 and $200,000 per year for Associate, at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.

About Morgan Stanley

Morgan Stanley Investment Management are active managers of capital, working to outperform the market and deliver results for their clients. Morgan Stanley Investment Management's long-tenured professionals apply their experience and expertise across public and private markets, in single-sector, multi-asset and custom solutions.

Morgan Stanley Careers

Joining Morgan Stanley today means becoming part of a global team dedicated to strengthening communities, pioneering innovation, and fostering diversity. As a leading global financial services firm, Morgan Stanley offers unparalleled job opportunities, career growth, and a culture of leadership that together create an exceptional employment experience. Work You’ll Do At Morgan Stanley, you will collaborate with knowledgeable professionals to drive innovation and deliver solutions in financial services. Our team is composed of diverse, talented individuals who bring their unique skills and perspectives to work every day, setting the standard for leadership in the global market. Morgan Stanley is not just a company; it's a place where ambitious, creative, and skilled individuals can build a rewarding career. Here, you can experience the benefits of a vibrant culture dedicated to professional growth and diversity training. Internship Programs Kickstart your career with Morgan Stanley’s internship programs. These positions offer invaluable industry insights and professional experience to students and recent graduates. Interns at Morgan Stanley gain hands-on experience, working alongside seasoned experts in a dynamic, supportive environment. Innovation and Professional Growth We believe in the power of innovation to solve complex problems and encourage our team to think differently and act boldly. Morgan Stanley supports your career development through comprehensive training, development programs, and leadership workshops, ensuring that every employee has the tools they need to succeed. Join Our Team Explore the various job opportunities at Morgan Stanley, from entry-level positions to executive roles. We are hiring individuals who are passionate about finance and eager to contribute to a team that values integrity, excellence, and a forward-thinking mindset. Enhance your skills through our networking events, mentorship opportunities, and ongoing professional development. Stay Connected Keep up to date with the latest from Morgan Stanley Careers by subscribing to our job alert emails. Tailor your preferences to receive updates about new postings, career tips, and exclusive insights from our team leaders. Apply Now Ready to take the next step in your career? Search open positions that match your skills and interests on the Morgan Stanley Jobs portal. Prepare your resume, refine your interview techniques, and join a company that values innovation and leadership. At Morgan Stanley, we’re not just building careers—we’re developing leaders. Discover how far your talents can take you by joining our team today.
Learn more about Morgan Stanley
Size
77,000 employees
Market Cap
$144.1 billion
Industry
Net Income
$10.9 billion
Founded
1935
5 Year Trend
+10%
Revenue
$52 billion
NASDAQ

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