Equity Research Associate - Healthcare, Biotechnology

Role overview

This role supports market research efforts focused on producing high-quality, detailed analysis and reports on companies, sectors, financial markets, and economic trends. The position is based in New York, New York, and follows a 40-hour workweek.

The base salary range for this opportunity is USD 120,000 to USD 210,000. Actual compensation may differ depending on skills, experience, role-specific knowledge, location, and broader business needs. Compensation is also intended to evolve over time as responsibilities and performance develop. Candidates are encouraged to discuss pay details directly with the recruiter.

What you will do

• Gather, evaluate, and interpret data to support research coverage of companies, industries, financial markets, and economic developments.
• Build and maintain financial models, databases, and valuation tools.
• Help prepare forecast models, including quarterly and annual earnings projections.
• Support the creation of initiating coverage notes, thematic research, quarterly updates, and marketing materials.
• Work with senior research leaders on the ongoing publication of reports and assist with special assignments as needed.
• Stay current on market movements, economic information, sector developments, internal policies, and compliance guidance.
• Maintain relationships with market participants and may interact with clients and deliver presentations.
• Provide analysis that helps institutional clients and supports informed decision-making.

What the role requires

• Strong research, modeling, and analytical ability to handle multiple inputs and complex variables.
• Comfort working independently as a subject matter resource while also coordinating with stakeholders.
• Ability to interpret policies, standards, and research findings to support senior-level decisions.
• Experience maintaining confidentiality and handling sensitive information with discretion.
• Capability to contribute to governance, control, and risk-management practices.
• Willingness to participate in cross-functional initiatives and continuous process improvement.
• Availability for occasional domestic travel; international travel is not expected.
• Ability to perform sedentary office work and manage multiple tasks for extended periods.

Qualifications

An undergraduate degree is required. The employer prefers candidates with a master's degree or PhD. At least 2 years of related experience is expected. FINRA SIE and Series 63, 86, and 87 are required or must be obtained. CFA candidacy or progress toward the designation is preferred for publishing analysts and associates.

Additional information

This position is part of TD Securities, the capital markets business serving corporate, government, and institutional clients with underwriting, advisory, market access, and transaction banking capabilities. The team expanded further in 2023 through the acquisition of Cowen Inc., strengthening access to U.S. equities and equity research expertise.

The company offers a total rewards package that may include base salary, variable incentive pay, health and well-being benefits, savings and retirement programs, paid time off, banking benefits and discounts, career development, and recognition programs.

Colleagues receive regular development conversations, training, onboarding, access to online learning tools, and mentoring support. The workplace emphasizes respect, fair opportunity, diversity, and long-term career growth.

Hiring may involve interviews for selected candidates, with results typically shared by email or phone. TD is an equal opportunity employer and provides accommodations for applicants with disabilities during the hiring process.

Physical requirements

• Domestic travel: occasional
• International travel: never
• Sedentary work: continuous
• Performing multiple tasks: continuous
• Operating standard office equipment: continuous
• Responding quickly to sounds: occasional
• Sitting: continuous
• Standing: occasional
• Walking: occasional
• Moving safely in confined spaces: occasional
• Lifting/carrying under 25 lbs.: occasional
• Lifting/carrying over 25 lbs.: never
• Squatting: occasional
• Bending: occasional
• Kneeling: never
• Crawling: never
• Climbing: never
• Reaching overhead: never
• Reaching forward: occasional
• Pushing: never
• Pulling: never
• Twisting: never
• Concentrating for long periods: continuous
• Applying common sense to standardized situations: continuous
• Reading, writing, and comprehending instructions: continuous
• Adding, subtracting, multiplying, and dividing: continuous

Equal opportunity and accommodations

All qualified applicants are considered without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, veteran status, or other protected characteristics under applicable law. Applicants who need accommodations to complete the application process can request support through the employer's workplace accommodations program.