Full Job Description
RES - Healthcare
Cowen is looking for an Equity Research Associate to join its Healthcare, Biotechnology team in New York.
Equity research analysts follow the progress of public biotechnology companies, and make stock recommendations to institutional investor clients. Job tasks include financial modeling, interviews with physician experts and company managements, conducting surveys, literature reviews, hosting industry conferences, writing reports and making oral presentations.
The successful candidate will support a Senior Research Analyst in: analyzing individual biotech companies and market trends; composing company-specific and thematic research reports; building and maintaining financial and market models; interviewing physicians and company executives; conducting deep scientific and clinical due diligence; and interacting with Cowen's institutional sales force, traders, investment bankers, and investor clients.
Note from Cowen associates with life science/ Ph.D. backgrounds:
What we find especially appealing about the job is that it involves acquiring expertise in a broad range of disciplines, both scientific (gaining in-depth knowledge of therapeutic areas pursued by covered companies, drug mechanisms and their associated safety/efficacy profiles, clinical trial design strategies, etc.) and non-scientific (analyzing intellectual property, financial status, market opportunities, etc.). This position is one of just a handful in which former physicians and scientists can apply their healthcare expertise to the art of investing. The product of our work is first and foremost good investment ideas. The position is a unique combination of science, medicine, and finance. It may be ideal for a person with passion in these areas.
The following are the minimum requirements for the position:
Exceptional academic pedigree, including a higher degree in a life science-related field (MD and/or PhD)
MBA or CFA a plus
Outstanding analytical skills. Ability to do deep primary research, analyze and draw conclusions from information
Hard work ethic, attention to detail, analytical, curious, optimistic, tenacious with a desire to learn about the biopharmaceutical industry
Passion for investing
Good verbal and written communication skills
Proven ability to work well on teams, self-motivated, showing initiative, and a willingness to work hard
As part of its hiring process, Cowen verifies identity and eligibility to work in the United States as required by law. At this time, Cowen Group will not sponsor a new applicant for an employment visa for this position.