“I can be myself at work.”
You are more than a job title. We want you to feel comfortable doing great work and bringing your best, authentic self to everything you do. We value your talents, traditions, and uniqueness—and we’re committed to fostering a strong sense of belonging in a respectful workplace.
We intentionally seek diverse perspectives, experiences, and backgrounds, investing in a culture designed to celebrate differences. We believe that belonging leads to better outcomes and a stronger community of associates united by our mission. At Capital, we live our core values every day: Integrity, Client Focus, Diverse Perspectives, Long-Term Thinking, and Community.
“I can influence my income.”
You want to feel recognized at work. Your performance will be reviewed annually, and your compensation will be designed to motivate and reward the value that you provide. You’ll receive a competitive salary, bonuses and benefits. Your company-funded retirement contribution will factor in salary and variable pay, including bonuses.
“I can lead a full life.”
You bring unique goals and interests to your job and your life. Whether you’re raising a family, you’re passionate about where you volunteer, or you want to explore different career paths, we’ll give you the resources that can set you up for success.
Enjoy generous time-away and health benefits from day one, with the opportunity for flexible work options
Receive 2-for-1 matching gifts for your charitable contributions and the opportunity to secure annual grants for the organizations you love
Access on-demand professional development resources that allow you to hone existing skills and learn new ones
"I can succeed as a Fundamental Research Group (FRG) Associate at Capital Group."
As a Fundamental Research Group Associate, you will work closely with Investment Professionals to drive deep research on long term fundamental issues in the biotech industry to generate returns for our clients. You will partner with Investment Professionals on their coverage to help generate investment ideas and work as a key contributor to the investment process. This includes monitoring holdings by researching and analyzing companies and related industries, financial modeling, drafting reports, facilitating meetings with management teams, sell-side firms and industry experts.
Key Requirements:
- You have a minimum of 2 years of investment research experience in buy-side research or sell-side research.
- You hold an MD or PhD in a relevant scientific discipline. For candidates with an MD, prior laboratory or research experience is required.
- You have a consistent track record of top accomplishments at every step of your educational and professional career. You have an internal drive to always do more, and better than before.
- You have experience in successfully statistically analyzing clinical trials, evaluating mechanisms of action, and translating scientific and clinical findings with positive predictive value.
- You have experience accurately assessing scientific, clinical, regulatory, and commercial developments affecting biotech companies.
- You demonstrate the ability to leverage AI tools to drive higher quality and more comprehensive research.
- You have extensive experience with detailed financial modeling and fundamental analysis, working with sell-side firms and industry consultants, utilizing research tools, trade publications, online sources, regulatory filings, clinical data, and other resources to generate differentiated investment insights.
- You are passionate about a career in equity research with a strong interest in long-only investing and posing insightful questions to experts is routine for you.
- You possess intellectual curiosity, strong analytical capabilities, and an interest in understanding emerging trends across healthcare, biotechnology, and capital markets.
- You’ve successfully built trusted relationships both inside and outside the organization, and view feedback as essential to learning and continuous improvement.
You may be asked to submit scientific publications or presentations, fundamental analysis research, and/or stock pitch as part of the interview process.
“I can apply in less than 4 minutes.”
You’ve reviewed this job posting and you’re ready to start the candidate journey with us. Apply now to move to the next step in our recruiting process. If this role isn’t what you’re looking for, check out our other opportunities and join our talent community.
“I can learn more about Capital Group.”
At Capital Group, the success of the people who invest with us depends on the people in whom we invest. That’s why we offer a culture, compensation and opportunities that empower our associates to build successful and prosperous careers. Through nine decades, our goal has been to improve people’s lives through successful investing. We know that our history is a testament to the strength of the people we hire. More than 9,000 associates in 30+ offices around the world help our clients and each other grow and thrive every day. Find us on LinkedIn, Instagram, YouTube and Glassdoor.
San Francisco Base Salary Range: $165,185-$264,296
New York Base Salary Range: $150,155-$240,248
In addition to a highly competitive base salary, per plan guidelines, restrictions and vesting requirements, you also will be eligible for an individual annual performance bonus, plus Capital’s annual profitability bonus plus a retirement plan where Capital contributes 15% of your eligible earnings.
You can learn more about our compensation and benefits here.
* Temporary positions in the United States are excluded from the above mentioned compensation and benefit plans.
We are an equal opportunity employer, which means we comply with all federal, state and local laws that prohibit discrimination when making all decisions about employment. As equal opportunity employers, our policies prohibit unlawful discrimination on the basis of race, religion, color, national origin, ancestry, sex (including gender and gender identity), pregnancy, childbirth and related medical conditions, age, physical or mental disability, medical condition, genetic information, marital status, sexual orientation, citizenship status, AIDS/HIV status, political activities or affiliations, military or veteran status, status as a victim of domestic violence, assault or stalking or any other characteristic protected by federal, state or local law.
Skills Required
- Minimum of 2 years of investment research experience in buy-side or sell-side research
- MD or PhD in a relevant scientific discipline
- For MD candidates, prior laboratory or research experience
- Consistent track record of top accomplishments throughout education and professional career
- Experience statistically analyzing clinical trials
- Experience evaluating mechanisms of action
- Experience translating scientific and clinical findings with positive predictive value
- Experience assessing scientific, clinical, regulatory, and commercial developments affecting biotech companies
- Ability to leverage AI tools to improve research quality and comprehensiveness
- Extensive experience with detailed financial modeling and fundamental analysis
- Experience working with sell-side firms and industry consultants
- Experience using research tools, trade publications, online sources, regulatory filings, and clinical data
- Passion for equity research and strong interest in long-only investing
- Strong intellectual curiosity and analytical capabilities
- Interest in healthcare, biotechnology, and capital markets trends
- Ability to build trusted internal and external relationships
- Scientific publications, presentations, fundamental analysis research, or stock pitch may be requested during interviews
Capital Group Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Capital Group and has not been reviewed or approved by Capital Group.
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Retirement Support — Retirement support stands out through an employer-funded contribution equal to about 15% of eligible compensation, adding meaningful long-term value to total rewards. A vesting schedule is referenced, but the core retirement benefit is positioned as unusually rich and frequently highlighted as a differentiator.
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Strong & Reliable Incentives — Incentives are structured around two annual bonuses—one tied to individual performance and another linked to company profitability—creating a predictable bonus framework. In certain senior investment roles, bonus opportunity can be very high relative to base pay, reinforcing the upside for top performers.
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Inclusive Benefits Coverage — Inclusive coverage is emphasized through fertility benefits (including IVF and egg freezing), pregnancy and menopause support, and adoption/surrogacy assistance. These benefits broaden applicability across different life stages and family-building paths.
Capital Group Insights
What We Do
Capital Group is one of the largest and most trusted financial companies in the world, with the goal of improving people's lives through successful investing. A career at Capital Group means having countless opportunities to explore, grow and succeed.
Why Work With Us
Capital Group has been in business for 91 years, which means that our investment professionals have 91 years of proprietary data at their fingertips.
