Equity Research Associate - Medical Technology

About the role

The Equity Research department at Morgan Stanley is responsible for researching macroeconomic and microeconomic conditions, along with company fundamentals. It also collects and analyzes financial information to make investment recommendations on stocks in specific sectors. Research analysts build financial models to explore alternative scenarios, examine industries and communicate with companies and investors. The team member's primary responsibilities include creating and maintaining earnings, valuation and industry models, writing research reports, interacting with institutional investors, keeping up with industry news, analyzing implications of news/industry developments, developing and maintaining relationships with investor relations personnel and management, conducting industry diligence and primary research, and assisting internal sales and trading teams.

Responsibilities

• 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

• 2 + years of professional experience in Equity Research, Investment Banking, or Capital Markets.
• Experience utilizing Excel to Build / Maintain Financial models, an advanced level of excel proficiency is expected and required.
• Strong PowerPoint skills are required.
• Adaptable and able 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.

Pay

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.