Equity Analyst, Healthcare - Therapeutics Specialist

What You'll Do

Principal's Global Equity team is searching for an experienced Therapeutics Equity Analyst to join our research team within the Healthcare sector. This candidate will work with a diverse team of portfolio managers and dedicated sector analysts supporting proprietary research and investment recommendations.

Role Overview

Generate alpha through investment recommendations based upon in-depth, detailed proprietary analysis of therapeutics companies globally leveraging :

comprehensive clinical pipeline, trial data, commercial forecasting / competitive market positioning assessments

relevant medical and scientific publications / meeting updates

FDA regulatory developments and policy actions / announcements

Interact frequently with company management, industry experts, and other stakeholders to gather differentiated and convicted qualitative and quantitative insights

Partner closely with Healthcare sector team leads, senior therapeutics analysts, and portfolio managers to provide outperformance through stock selection while working within the framework of our research process and portfolio constraints

Build and maintain detailed financial and market-oriented models to forecast company performance, incorporating macroeconomic and industry-specific factors

Generate timely, actionable investment ideas and communicate insights through written reports, models, presentations, and investment committee discussions

Maintain research coverage of existing investments within the therapeutics for multiple portfolios

Who You Are

5+ years equity investment experience with a minimum of three years dedicated to therapeutics

Strong background in the healthcare sector, specifically within therapeutics

Scientific foundation in biology, oncology, or a related field strongly preferred

Proven track record of generating consistent alpha contributions through actively covered investment recommendations

Ability to distill and communicate complex scientific data into actionable investment insights

Possess best-in-class analytical skills, including extensive therapeutics industry knowledge, fundamental company analysis, and financial modeling

Skills That Will Help You Stand Out

Advanced degrees (PhD, MD) in life sciences or healthcare-related fields; MBA or Master of Science in finance also a plus, but not required

2+ years buy-side experience

Entrepreneurial mindset; self-starter with a desire to build out individual franchise within a Healthcare dedicated team

Private transaction experience a benefit; preferred background is primarily in public equities

Exceptional written and verbal communication skills

Knowledge of various financial applications such as FactSet, Bloomberg, AlphaSense

Salary Range Information

Salary ranges below reflect targeted base salaries. Non-sales positions have the opportunity to participate in a bonus program. Sales positions are eligible for sales incentives, and in some instances a bonus plan, whereby total compensation may far exceed base salary depending on individual performance. Actual compensation for all roles will be based upon geographic location, work experience, education, licensure requirements and / or skill level and will be finalized at the time of offer.

Salary Range (Non-Exempt expressed as hourly; Exempt expressed as yearly)

$137000 - $236000 / year

Time Off Program

Flexible Time Off (FTO) is provided to salaried (exempt) employees and provides the opportunity to take time away from the office with pay for vacation, personal or short-term illness. Employees don't accrue a bank of time off under FTO and there is no set number of days provided.

Pension Eligible

No

Location(s)

We're open to considering in-office or hybrid talent. Locations include New York City, Chicago, Seattle, Denver, or Des Moines. You'll work with your leader to determine the arrangement which best fits our needs.

Compensation

When noting compensation expectations on your application, we ask for base pay. The base pay range shown in our description includes two different levels which will be determined by the leader, based on experience. This role will also be eligible for a discretionary bonus based on individual, fund, and firm-oriented performance.

Background

Principal Asset Management includes a market-leading, long-only focused equities platform with $161 billion AUM. Principal offers global asset management expertise across a diverse set of traditional and alternative asset classes totaling over $752.7 billion AUM. Learn more at : www.principalam.com

Consistent across all strategies, our approach is to evaluate and select stocks from a broad investment universe and construct portfolios in alignment with specific objectives and risk management parameters. Our conviction is built on differentiated fundamental insights we gather from conducting deep, company-specific research.

Work Authorization / Sponsorship

At this time, we're not considering applicants that need any type of immigration sponsorship (additional work authorization or permanent work authorization) now or in the future to work in the United States. This includes, but IS NOT LIMITED TO : F1-OPT, F1-CPT, H-1B, TN, L-1, J-1, etc. For additional information around work authorization needs please use the following links.

Nonimmigrant Workers () and Green Card for Employment-Based Immigrants ()

Investment Code of Ethics

For Principal Asset Management positions, you'll need to follow an Investment Code of Ethics related to personal and business conduct as well as personal trading activities for you and members of your household. These same requirements may also apply to other positions across the organization.

Experience Principal

At Principal, we value connecting on both a personal and professional level. Together, we're imagining a more purpose-led future for financial services - and that starts with you. Our success depends on the unique experiences, backgrounds, and talents of our employees. And we support our employees the same way we support our customers : with comprehensive, competitive benefit offerings crafted to protect their physical, financial, and social well-being. Check out our careers site to learn more about our purpose, values and benefits.

Principal is an Equal Opportunity Employer

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status.

Posting Window

We will accept applications for 3 full days following the Original Posting Date, after which the posting may remain open or be removed based upon applications received. If we choose to post the job again, we will accept additional applications for at least 1 full day following the Most Recently Posted Date. Please submit applications in a timely manner as there is no guarantee the posting will be available beyond the applicable deadline.

Original Posting Date

11 / 7 / 2025

Most Recently Posted Date

11 / 7 / 2025