Equity Research Associate, Healthcare Sector

About Us Wellington Management offers comprehensive investment management capabilities that span nearly all segments of the global capital markets. Our investment solutions, tailored to the unique return and risk objectives of institutional clients in more than 60 countries, draw on a robust body of proprietary research and a collaborative culture that encourages independent thought and healthy debate. As a private partnership, we believe our ownership structure fosters a long-term view that aligns our perspectives with those of our clients. About the Role We are seeking an Equity Research Associate (RA) to join our Global Industry Research Healthcare Team. In this role, the RA will work closely with a senior Global Industry Analyst (GIA) to support coverage across the global biopharma universe, including large-cap pharmaceutical companies and SMID-cap biotechnology companies across the U.S. and Europe. The ideal candidate will be a self-directed, intellectually curious team player with a strong interest in biopharma investing and the life sciences industry. This role will require the ability to analyze both scientific and financial data, evaluate drug development pipelines, leverage AI to drive research efficiencies, and synthesize complex information to inform investment decisions. Responsibilities for this position will include the following: + Maintaining industry and comparative valuation models across large-cap pharmaceutical and biotechnology companies; + Building andmaintainingcompany financial models with a focus on pipeline valuation and drug-level forecasting; + Assessing probability of success for clinical assets and incorporating these assumptions into investment frameworks; + Analyzing clinical data, regulatory developments, prescription and market data, and other industry datasets to evaluate company fundamentals and competitive dynamics; + Performing ongoing due diligence across the global biopharma landscape,identifyingemerging investment opportunities and key risks; + Executing complex analytical projectsleveragingAI, data, and other toolsunder tight time constraints; + Staying abreast of relevant company, clinical, and industry materials, including trial readouts, regulatory updates, and scientific publications; + Contributing to idea generation across both long and short investment opportunities. Essential Skills + Analytical acumen and passion for markets u2013 The ideal candidate willpossessstrong financial modeling skills and the ability to analyze both clinical and financial datasets, whileleveragingAI and data tools to drive deeper and more efficientresearch. Experience modeling drug pipelines and assessing clinical probability of success is highly valued. Intellectual curiosity and a passion for understanding the scientific drivers of biopharma innovation are essential. + Judgment and investment focus u2013 Successful candidates willdemonstratean ability to prioritize the most relevant information across a complex industry landscape and develop differentiated investment insights. A discerning analytical mindset and the ability to focus on the key drivers of value creation will be important. + Superior collaboration skills u2013 The Research Associate will contribute meaningfully to the research efforts of the healthcare team while building strong working relationships across the firm. The ability to communicate investment views clearly, both verbally and in writing, andparticipatein a constructive investment dialogue is essential. + Growth mindset u2013 This role requires initiative, independence, and strong ownership of research responsibilities. The successful candidate will be proactive inidentifyingopportunities, deepening theirexpertise, and contributing to the team's investment process. QUALIFICATIONS Additional qualifications and characteristics include: + A minimum of3years ofrelevant investment experience; + Prior experience in healthcare or biopharma equity research, ideally in abuy-side orsell-side research associate role; + Experience analyzing pharmaceutical pipelines, clinical data, and industry datasets (including prescription or market data) is preferred; + Financial modeling experience, including valuation frameworks for pharmaceutical and biotechnology companies; + Understanding of long/short investing concepts and risk management approaches is beneficial; + Strong analytical and problem-solving abilities; + High levelof intellectual curiosity and willingness to engage deeply with both scientific and financial material; + Strong data and technology skills, including experience using tools to screen, rank, and analyze large stock universes; + Awillingness tolead effort tointegrate AIinto research processes; + Sound judgment, strong work ethic, and the highest level of personal and professional integrity; + Ability to work independently and make decisions in the face of uncertainty; + Strong organizational skills and attention to detail; + Excellent written and verbal communication skills; and + Superior academic credentials; an undergraduate degree isrequired. Scientific backgrounds in biology, chemistry, bioengineering, or related fields areadvantageous. Progress toward CFA/CAIA levels isadditive. Not sure you meet 100% of our qualifications? Thatu2019s ok. If you believe that you could excel in this role, we encourage you to apply and welcome a chance to review your background. We are dedicated to building and maintaining a diversified workforce and considering a broad array of candidates with a variety of skill, workplace experiences, and backgrounds. _As an equal opportunity employer, Wellington Management ensures that all qualified applicants will receive equal consideration for employment without regard to_ _r_ _ace, color, sex, sexual orientation, gender identity, gender expression, religion, creed, national origin, age, ancestry, disability (physical or mental), medical condition, citizenship, marital status, pregnancy, veteran or military status, genetic information or any other characteristic_ _protected by applicable law_ _._ _If you are a candidate with a disability, or are assisting a candidate with a disability, and require an accommodation to apply for one of our jobs, please email us at_ _ _._ At Wellington Management, our approach to compensation is designed to help us attract, inspire and retain the best talent in our industry.We strive to pay employees fairly and competitively across all levels and roles. Our approach to compensation considers all aspects of total compensation; all employees are eligible to receive salary, variable compensation, and benefits. The base salary range for this position is: USD 80,000 - 150,000 This range takes into account the wide range of factors that are considered when making compensation decisions, including but not limited to skill sets; role; skills and experience; certifications; and education. This range is an estimate, and further details on salary and total compensation aspects will be shared with candidates during the recruitment process. Base salary is only one component of Wellingtonu2019s total compensation approach. Other rewards may include a discretionary Corporate Bonus and/ or Incentives, if eligible. In addition, we offer a comprehensive and high value benefit package to meet the unique needs of our employees and their families, and we are committed to fostering a flexible work environment that enables employees to thrive personally and professionally. Examples of our benefits include retirement plan, health and wellbeing, dental, vision, and pharmacy coverage, health savings account, flexible spending accounts and commuter program, employee assistance program, life and disability insurance, adoption assistance, back-up childcare, tuition/CFA reimbursement and paid time off (leave of absence, paid holidays, volunteer, sick and vacation time) We believe that in person interactions inspire and energize our community and are essential to our culture. In support of this commitment, our employees work from our offices 4 days a week with flexibility to work remotely 1 day a week. We believe that this approach ultimately supports our mission to deliver investment excellence to our clients and their beneficiaries over the long term. Tracing our history to 1928, Wellington Management is one of the worldu2019s largest independent investment management firms. We serve as a trusted adviser to clients in over 60 countries, visit our website to see our assets under management. Our innovative investment solutions are built on the strength of proprietary, independent research and span nearly all segments of the global capital markets, including equity, fixed income, multi-asset, and alternative strategies. As a private partnership whose sole business is investment management, our long-term views and interests are aligned with those of our clients. We are committed to attracting a talented and diverse workforce, and to fostering an open, collaborative culture of inclusivity because we believe multiple perspectives lead to more informed investment and business decisions. As an Equal Opportunity Employer, we welcome people with diverse life experiences, fresh ideas, and specialized subject-matter expertise. We believe that in person interactions inspire and energize our community and are essential to our culture. In support of this commitment, our employees work from our offices 4 days a week with flexibility to work remotely 1 day a week. We believe that this approach ultimately supports our mission to deliver investment excellence to our clients and their beneficiaries over the long term. For more information, please visit (

Created: 2026-03-23