Cap Pharma and Biotech Analyst

Large Cap Pharma and Biotech Analyst

Join to apply for the Large Cap Pharma and Biotech Analyst role at T. Rowe Price

1 day ago Be among the first 25 applicants

Join to apply for the Large Cap Pharma and Biotech Analyst role at T. Rowe Price

At T. Rowe Price, we identify and actively invest in opportunities to help people thrive in an evolving world. As a premier global asset management organization with more than 85 years of experience, we provide investment solutions and a broad range of equity, fixed income, and multi‑asset capabilities to individuals, advisors, institutions, and retirement plan sponsors. We take an active, independent approach to investing, offering our dynamic perspective and meaningful partnership so our clients can feel more confident.

We believe doing the right thing for our clients and our associates is good business. With a career at the firm, you can expect opportunities to create real impact at work and in your community. You’ll enjoy resources to support your career path, as well as compensation, benefits, and flexibility to enrich your life. Here, you’ll find a collaborative culture that respects and values differences and colleagues who share a spirit of generosity.

Join us for the opportunity to grow and make a difference in ways that matter to you.

Perform fundamental analysis of the sector to identify the key trends and the best‑positioned companies in the Healthcare sector, specifically Large Cap Pharmaceutical & Biotechnology industries. In addition to developing and communicating investment recommendations within the firm, the ideal candidate will provide thought‑leadership about healthcare trends and mentorship to more junior members of the healthcare investment team.

• Conduct comprehensive primary research on companies including detailed financial statement analysis, evaluation of market data, direct engagement and interviewing of management teams and company visits, to gain a deep understanding of companies within the sector, build high‑conviction investment theses and support equity buy and sell recommendations.
• Apply disciplined investment judgment and rigorous analysis to generate and deliver equity buy and sell recommendations to Portfolio Managers in support of portfolio performance objectives.
• Effectively position investment ideas and persuade Portfolio Managers to act on buy/sell recommendations by clearly articulating the associated risk‑reward payoff of the recommendation.
• Maintain ongoing coverage following execution of recommendations, providing Portfolio Managers with timely continuous updates on material developments affecting the investment thesis to support informed future decision‑making.

• MD, PhD or other advanced life‑science degree
• Minimum 3‑4+ years investment experience in Pharmaceuticals & Biotechnology sectors
• Demonstrated academic excellence and a passion for investing
• Consistently shows maturity and sound judgment, with the ability to inspire confidence in high‑pressure or stressful situations
• Competitive nature with an investment mindset, supported by a deep interest in equity markets
• Strong quantitative analysis capabilities
• Exceptional communication skills, enabling the delivery of high‑quality, technically rigorous written research
• Relocation to Baltimore

• Previous experience covering large cap Pharmaceutical & Biotechnology stocks
• Understanding of drug development, clinical trial phases, regulatory approval pathways (FDA/EMA), pricing and reimbursement
• Global coverage experience including both U.S. and European Biopharmaceutical companies with previous experience interacting with international management teams
• Ability to incorporate regulatory risk, policy changes, and ESG considerations into investment theses
• Previous experience leveraging AI‑enabled research tools to enhance equity analysis and investment decision‑making, while applying rigorous judgment to validate insights.

FINRA licenses are not required and will not be supported for this role.

This role is eligible for hybrid work, with up to one day per week from home.