What You'll Be Doing
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
Systems & Technology
- Proficient in Microsoft Excel, Word, PowerPoint, Outlook
Compensation RangeSalary: USD $110,000.00/Yr. - USD $175,000.00/Yr. Actual salaries may vary, and may be based on several factors, including but not limited to each candidate’s qualifications, skills, and overall competencies for the position. The base salary is one component of Stifel’s overall compensation package for each individual employee. Other benefits and offerings include, but not limited to, discretionary bonuses, health / dental / vision / prescription insurance offerings, Stifel Total Health Connect, flexible spending accounts, tuition & certification assistance programs, paid time off, and much, much more! To view a more comprehensive list of Stifel’s current offerings, please visit https://www.stifel.com/careers/benefits. Applications are accepted until the position is filled.
