Equity Research Analyst
Equity Research Analysts apply their medical, scientific, and analytical expertise to recommend investments in healthcare and biotechnology companies. The health care sector accounts for 18% of the United States GDP, so healthcare, biotech, and pharma expertise is advantageous to investment banks and equity research firms.
Interested in Equity Analysis? Check out our overview of this career at the link on the right for more information on this career and the skills you will need to succeed.
PhD, Johns Hopkins School of Medicine, Cellular and Molecular Medicine Program, 2014
Dr. Jeff Chen is a Biotechnology Equity Research Associate at Cowen and Company. He graduated from the Cellular and Molecular Medicine Program in 2014.
Most of my financial knowledge is self-taught. I didn’t take any business classes, just the hypothesis-testing investing I started in graduate school. There is some on-the-job training – different banks will be pretty diverse in what they’re willing to train you on.
I meet with new companies as they are fundraising or preparing for an IPO. I also meet with our clients, like mutual funds or hedge funds to answer their questions about companies I cover or biotech developments in general. That can be quite time-consuming and involve making quick decisions with lots of money on the line. You have to be very careful what you say and also be right about what you know!
You should also prepare yourself for the transition by following a couple of companies. You don’t have to necessarily invest. Use your background – whatever you’re already working on, I’m sure there are a couple of companies in that field. Evaluate their pre-clinical data, and make some predictions about their financial future. Is their product likely to succeed, or not?
I also recommend becoming comfortable looking at financials. That’s not something that we require for hires at our company, but it’s always a bonus. If you have time, business classes never hurt, but we are much more interested in your scientific background.