Job Description:
Bank of America is seeking an Equity Research Analyst/Associate to support one of our Senior Biotechnology Analysts. The team has an established coverage focusing on AI-enabled drug discovery, gene editing, and oncology. Candidates should have strong familiarity with the Biotechnology industry preferably gained through experience in equity research, investment banking or consulting. An advanced scientific degree (PhD or MD) or MBA/CFA is desired as it shortens the learning curve and facilitates communication with companies and clients, however is not required.
As a Research Analyst/Associate you will perform extensive fundamental research and analysis of Biotechnology companies and their various industries/market segments. You will create, maintain, and update detailed financial models, acquire in-depth industry expertise, and contribute extensively to the team’s written product. In addition to coverage of publicly traded companies, the team regularly vets a number of private biotech companies for potential follow-ons and IPOs. The candidate will work closely alongside the Senior Analyst in all aspects of the research process, from idea generation to modeling, including but not limited to the following:
- Write regular industry and company reports and company launch initiations from scratch.
- Perform complex financial modeling & valuation work.
- Develop databases integral to our research product.
- Demonstrate strong industry knowledge and business judgment.
- Work with Senior Analysts to develop key industry themes.
- Build relationships and facilitate information flow with contacts at covered companies.
- Participate and contribute to client meetings and events.
- Attend meetings and interact with key opinion leaders.
- Closely follow and understand market, industry and company specific activity, and relay to analyst when traveling.
- Seek out new, unusual sources of information.
- Leverage our robust network of industry contacts.
- Interact regularly with clients.
Qualifications:
- Bachelor’s degree, advanced degree (PhD, MD, MBA, or CFA) a distinct advantage
- 1-3 years of work experience, ideally in a non-academic setting such as the biopharma industry, equity research, investment banking, or consulting
- Strong writing and spreadsheet skills. Must be an expert at MS Word and MS Excel.
- Be intellectually curious and have a deep desire to learn.
- Must enjoy working in industry databases and websites, and doing desktop and field research.
- Must have strong modeling skills
- Must have excellent communication skills, written and verbal.
- Must have strong attention to detail, ability to multi-task.
- Must work well in a collaborative team environment.
- The candidate MUST be able to thrive in a fast-paced and intense environment.
Location: This is an in-office role reporting to our NYC financial center (One Bryant Park)
Shift:
1st shift (United States of America)Hours Per Week:
40Pay Transparency details
US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)Pay and benefits informationPay range$70,000.00 - $175,000.00 annualized salary, offers to be determined based on experience, education and skill set.Discretionary incentive eligibleThis role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.BenefitsThis role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.Skills Required
- Bachelor's degree, advanced degree (PhD, MD, MBA, or CFA) a distinct advantage
- 1-3 years of work experience, ideally in biopharma, equity research, investment banking or consulting
- Strong writing and spreadsheet skills; must be an expert at MS Word and MS Excel
- Must have strong modeling skills
- Excellent communication skills, written and verbal
- Strong attention to detail, ability to multi-task
- Ability to thrive in a fast-paced environment
Bank of America Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Bank of America and has not been reviewed or approved by Bank of America.
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Fair & Transparent Compensation — The $25/hour U.S. minimum wage, reaffirmed in recent company materials, sets a clear compensation floor that lifts entry-level and operations pay. Public salary information and disclosures provide visible benchmarks for pay across roles.
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Parental & Family Support — Parental leave extends up to 26 weeks with 16 weeks fully paid for eligible teammates, alongside backup child and adult care and a dedicated Life Event Services team. Family-building assistance offers up to a $20,000 lifetime reimbursement and bereavement leave provides 20 paid days for loss of a spouse, partner, or child.
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Retirement Support — Retirement programs include a 401(k) match up to 5% of eligible pay plus an additional 2–3% annual company contribution based on service. These employer contributions add meaningful long-term value beyond base pay.
Bank of America Insights
What We Do
We make financial lives better for our clients and our communities through the power of every connection. Our employees are at the heart of this purpose, and are key to driving responsible growth. Every day, across the globe, our employees bring a commitment to our purpose and to driving responsible growth by living our values: deliver together, act responsibly, realize the power of our people and trust the team. A key aspect of driving responsible growth is doing so in a sustainable manner, a critical pillar of which is being a great place to work for our teammates.
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