Equity Research Associate - Biotechnology
New York Full-time Junior Investment & Corporate Development
At a glance
Junior Investment & Corporate Development role at Jefferies. New York · full-time · $100,000–$120,000 base.
SalaryStated by Jefferies
$100,000 – $120,000
Base salary for this role, in USD per year, as published in the posting.
This role, from JefferiesOur estimate for the market: $133,750–$198,125Median $167,500
Below the market median of $167,500 for entry-level investment & corporate development roles in New York.
Worked out from 86 postings that stated pay, median $167,500. Last updated Oct 22, 2026.
RoleInvestment & Corporate Development
SeniorityJunior
LocationNew York
EmploymentFull-time
Base pay$100,000–$120,000
PostedAug 27, 2026 · 8w ago
Role brief
financeroles summary, based on the employer's posting.
What you'll do
- Assess biotech drug pipelines using scientific papers, conference findings and conversations with industry experts
- Write coverage launches, detailed data reviews, competitive comparisons and updates on company or industry news
- Track pharmaceutical intellectual property and patent disputes while building financial models and presentation decks
- Develop distinct research projects and connect with company leaders, sales and trading colleagues, and institutional investors
What you bring
- At least one year in healthcare investment research, such as sell-side, buy-side or investment banking work
- A science background and full licensing are required; an MD or PhD is preferred
- You can analyze preclinical and clinical findings and have strong written and spoken communication skills
- You have written sell-side research and built presentations and detailed financial models
Who this fits
This junior role suits someone aiming to build a long-term career in sell-side research and who works carefully as part of a team. The position is based in New York.
From the employer
Top investment bank seeking an equity research associate to support a rising senior biotechnology analyst covering mid- and small-cap biotech companies.
Responsibilities will include:
- Candidate should understand that the team is highly motivated to become top-ranked in the biotech industry
- Conducting proprietary research and evaluating drug pipelines by analyzing scientific literature, attending medical conferences, and consulting industry experts
- Writing research reports for initiations of coverage, deep dive data analyses, competitive landscaping, and industry/ company news
- Delving into intellectual property and following patent litigation concerning pharmaceuticals
- Building and maintaining financial models and powerpoint decks
- Conceiving and executing on differentiated project ideas
- Interfacing with company management teams, internal sales and trading personnel, and institutional investors
Key Qualifications:
- 1-2+ years of experience in healthcare investment research required (sell side, buy side, investment banking, etc). Must be fully licensed.
- Science background required; MD or PhD preferred
- Motivated to rise in the sell-side industry in the long-term
- Hard-working, attention to detail, team player
- Sharp analytical skills in dissecting preclinical and clinical data
- Deep understanding of, or experience with, drug development and the FDA-approval process for pharmacologic treatments is desirable
- High proficiency in written/verbal communication
- Can type >120 words per minute
- Has experience writing quality sell side reports, producing powerpoints, and creating detailed financial models (e.g. functioning three-statement models, DCFs, market models, etc)
- Experience building financial models using excel is a plus
Primary Location Full Time Salary Range of $100,000 - $120,000.