Large Cap Pharma and Biotech Analyst

Requisition Number: 79641

Position Title:

External Description:

Role Summary

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.

Responsibilities

• Conducts 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.
• Applies 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 positions investment ideas and persuades Portfolio Managers to act on buy/sell recommendations by clearly articulating the associated risk‑reward payoff of the recommendation.
• Maintains 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.

Qualifications

Required:

• 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
• Baltimore (re)location

Preferred:

• 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 Requirements

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

Work Flexibility

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

City:

State:

Community / Marketing Title: Large Cap Pharma and Biotech Analyst

Company Profile:

Location_formattedLocationLong: Maryland, US

CountryEEOText_Description: Commitment to Diversity, Equity, and Inclusion: We strive for equity, equality, and opportunity for all associates. When we embrace the power of diversity and create an environment where people can bring their authentic and best selves to work, our firm is stronger, and we create greater value for our clients. Our commitment and inclusive programming aim to lift the experience for each associate and builds allies for our global associate community. We know that a sense of belonging is key not only to your success at the firm, but also to your ability to bring your best each day. Benefits: We invest in our people through a wide range of programs and benefits, including: • Competitive pay and bonuses as well as a generous retirement plan and employee stock purchase plan with matching contributions • Flexible and remote work opportunities • Health care benefits (medical, dental, vision) • Tuition assistance • Wellness programs (fitness reimbursement, Employee Assistance Program) Our policies may change as our working lives evolve. Yet, our commitment to supporting our associates’ well-being and addressing the needs of our clients, business, and communities is unwavering. T. Rowe Price is an equal opportunity employer and values diversity of thought, gender, and race. We believe our continued success depends upon the equal treatment of all associates and applicants for employment without discrimination on the basis of race, religion, creed, color, national origin, sex, gender, age, mental or physical disability, marital status, sexual orientation, gender identity or expression, citizenship status, military or veteran status, pregnancy, or any other classification protected by country, federal, state, or local law.