Equity Research - Healthcare Services, Technology and Distribution Associat at Morgan Stanley

New York, New York, United States -

Full Time

Start Date

Immediate

Expiry Date

01 Apr, 26

Salary

200000.0

Posted On

01 Jan, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Investment Banking, Equity Research, Healthcare Industry Knowledge, Financial Modeling, Excel Skills, Intellectual Curiosity, Organizational Skills, Attention to Detail, Time Management, Collaboration, Industry Diligence, Earnings Forecasts, Market Trends, Company Analysis, Communication Skills, Research Skills

Industry

Financial Services

Description

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments and individuals from more than 1,200 offices in 43 countries. As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence and strong team ethic. Morgan Stanley can provide a superior foundation for building a professional career - a place for people to learn, to achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture. Research Morgan Stanley Investment Research is uniquely committed to being an essential part of our clients' investment process. We strive to be the sell-side research provider that best understands the buy side. Through relevant and timely conversations with leading investors, we focus resources on risk-reward essentials: identifying the investor debates, assessing the potential outcomes, and uncovering the evidence our clients need to validate their investment decisions. Our equity analysts cover some 2,900 stocks; our economists, strategists and fixed income analysts cover all major regions and other asset classes around the globe. Equity Research The Equity Research department is responsible for researching macroeconomic and microeconomic conditions, along with company fundamentals. It also collects and analyses financial information to make investment recommendations on stocks in specific sectors. Research analysts build financial models to explore alternative scenarios, examine industries and communicate with companies and investors. Equity Research team members discuss their analysis and investment recommendations in research notes. A career in investment research at Morgan Stanley demands a commitment to excellence and a passion for the markets as well as the highest level of integrity. We are seeking an associate to join our Institutional Investor ranked Healthcare Services and Technology team. The team's coverage includes managed care, drug retailers, distributors, PBMs, labs, and Healthcare Technology. The primary responsibilities are but are not limited to: • Support the senior Healthcare Services analyst and team in detailed coverage of over 20 companies. • Follow industry changes, competitive dynamics, and financial trends to publish thought leading research on the healthcare supply chain. • Determine investment ratings and price targets using discounted cash flow, sum of the parts, and comparable company analysis. • Develop relationships and collaborate with company management teams, industry experts, and thought leaders to monitor market share shifts, industry trends, and policy impact on the healthcare industry. • Create and maintain company models develop earnings forecasts, and industry models leveraging skills in accounting, finance and economics. • Provide industry and company specific insights to Morgan Stanley’s institutional investor client base (leading hedge funds and mutual funds). • Conduct industry diligence and primary research through surveys, expert conference calls, and various channel checks to evaluate industry trends. Qualifications - External Experience required: - A minimum of 2+ years of experience in Investment Banking/M&A/Equity Research/ Strategy consulting. - Healthcare industry knowledge. Strong preference for individuals with knowledge of managed care industry. Candidate must have: - Experience working with three statement financial models - Strong excel skills - Intellectual curiosity - Strong work ethics and organizational skills - Ability to work independently to produce accurate, detailed materials in tight deadlines - Attention to details - Ability to multi task - Superior time management skills - Group culture fosters: intellectual curiosity, open thinking, collaboration, and passion for the capital markets. WHAT YOU CAN EXPECT FROM MORGAN STANLEY: At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals. We do it in a way that’s differentiated – and we’ve done that for 90 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren’t just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There’s also ample opportunity to move about the business for those who show passion and grit in their work. To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser. Expected base pay rates for the role will be between $150,000 and $200,000 per year for Associate, at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs. Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees. It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law. Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).

Responsibilities

The associate will support the senior analyst in covering over 20 healthcare companies and publish research on industry trends. Responsibilities include developing financial models, determining investment ratings, and providing insights to institutional investors.