Equity Research - Healthcare Technology and Distribution VP

  • Competitive
  • New York, NY, USA
  • Permanent, Full time
  • Morgan Stanley USA
  • 16 Oct 18

Equity Research - Healthcare Technology and Distribution VP

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 a Vice President to join our Institutional Investor ranked Healthcare Services and Technology team. The team's coverage includes drug retailers, distributors, PBMs, CROs, 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 18 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:

Experience required:
- A minimum of 5+ 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.