Research Associate - Biotechnology

Oppenheimer & Co. Inc., a leading mid-tier investment bank, is currently seeking an equity research associate to support our Biotechnology Equity Research franchise. The position is located in New York City.

The ideal candidate will be entrepreneurial (i.e. self-starter), possess one or two years of experience in equity research or a related field with company modeling and exposure to the financial markets, have demonstrable interest in drug development, and a passion for life sciences investing. Proven analytical skills, attention to detail, a strong work ethic, the ability to multi-task, and excellent written communication skills are required. We prefer candidates with an undergraduate degree in biology, chemistry, or biostatistics. An advanced degree (MS/PhD/MD, etc.) would be a plus but is not a requirement.

The research associate will work in conjunction with and support the senior research analyst on all aspects of developing the research product. Key responsibilities for this position at the start include: preparing company-specific and industry-wide research reports and presentations; collecting, analyzing and interpreting information from a range of data sources, including scientific literature, medical conferences, physician interviews and maintaining databases (company catalysts, public and acquisition comparables, etc.).

We look for people who possess, or have the potential to possess, the following characteristics:

• Strong writing and analytical skills. Associates are responsible for writing and producing equity research reports, company initiations, and marketing presentations—often under very tight time constraints
• Strong financial modeling, accounting, valuation, and quantitative skills. Associates are responsible for building and maintaining integrated models and for organizing and maintaining industry data—attention to detail is critical
• A passion for the stock market, and equity research. It is highly advantageous to have prior exposure to the financial markets and equity research, as well as the day-to-day responsibilities of an equity research associate
• Strong communication skills. As time progresses, associates will interact with internal sales and trading and external clients; responsiveness and professionalism is important
• An ability to take risks and think outside the box and an ability to handle high-pressure situations
• Strong work ethic. An ability to perform duties under minimal supervision and become fully-licensed (Series 7/63/86/87) within 6-12 months after starting if not already licensed
• The position requires fluency in Excel/Word/Outlook; knowledge of Bloomberg and FactSet are a bonus.

Compensation:

For job postings in New York City, Oppenheimer is required by law to include a reasonable estimate of the salary range for this role. This salary range is specific to the City of New York and takes into account the wide range of factors that are considered in making salary decisions including but not limited to your skills, qualifications, experience, licensure and certifications, and other business and organizational needs. A reasonable estimate of the current base salary range is $95,000.00 - $125,000.00 at the time of this posting. Also, certain positions are eligible for additional forms of compensation such as discretionary bonus.