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Equity Research Associate - Biotechnology


new york, NY

Posted September 20

Job Description

Jefferies Group LLC, the largest independent, global, full-service investment banking firm headquartered in the U.S. focused on serving clients for 60 years, is a leader in providing insight, expertise and execution to investors, companies and governments. We offer deep sector expertise across a full range of products and services in investment banking, equities, fixed income, asset and wealth management in the Americas, Europe and the Middle East and Asia. Jefferies Group LLC is a wholly-owned subsidiary of Jefferies Financial Group Inc. (NYSE: JEF), a diversified financial services company.


Jefferies is seeking an equity research associate to support a senior biotechnology analyst covering mid and small cap companies.


Responsibilities will include:

  • Conducting proprietary research evaluating drug pipelines by analyzing scientific literature, attending medical conferences, and speaking with key opinion leaders
  • Building and maintaining financial models
  • Writing research reports for initiations of coverage, analysis of data, and industry/company news
  • Conceiving and executing on differentiated project ideas
  • Interfacing with company management teams, internal sales and trading personnel, and institutional investors



Key Qualifications:

  • 1+ years experience in biotech/pharma equity research, consulting, investment banking, tech transfer, or industry
  • CFA and/or programming skills a plus
  • Advanced degree in life sciences, preferably PhD or MD
  • Proficiency in written/verbal communication, and in building financial models utilizing excel
  • Motivated, hard-working, team player


About the Senior Analyst

Dr. Maury Raycroft covers small- to mid-cap biotechnology companies at Jefferies LLC. He joined Jefferies in 2015 following one year of covering biotech and pharma at Guggenheim Securities. Maury completed a post-doctorate fellowship at The Yale School of Medicine in Rheumatology, he received his Ph.D. in Cellular and Molecular Biology from the University of Notre Dame and graduated from Wabash College with a B.A. in Biology.


At Jefferies, we believe that diversity fosters creativity, innovation and thought leadership through the infusion of new ideas and perspectives. We have made a commitment to building a culture that provides opportunities for all employees regardless of our differences and supports a workforce that is reflective of the communities where we work and live. As a result, we are able to pool our collective insights and intelligence to provide fresh and innovative thinking for our clients.


Jefferies is an equal employment opportunity employer. We practice equal opportunity for all, and all qualified applicants will receive consideration for employment without regard to race, creed, color, national origin, ancestry, religion, gender, pregnancy, age, physical or mental disability, marital status, sexual orientation, gender identity or expression, veteran or military status, genetic information, reproductive health decisions, or any other factor protected by law. We are committed to hiring the most qualified applicants and complying with all federal, state, and local equal employment opportunity laws. As part of this commitment, Jefferies will extend reasonable accommodations to individuals with qualified disabilities, as appropriate, under applicable law.


It is currently Jefferies’ policy that in order to enter any Jefferies office or participate in any Jefferies or client event in person, all employees be fully vaccinated and with a booster against COVID-19, or if they are not fully vaccinated with a booster, then on the morning of each day, all employees must test negative for COVID-19. Your acceptance of an offer means that you will comply with this policy and any amendments. You will be advised by your manager of your anticipated schedule to be in the office.

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