Equity Research Intern - Biotechnology

Position

Equity Research Intern – Biotechnology Group

Company Overview

Piper Sandler connects capital with opportunity to build a better future. We value diverse teams with unique backgrounds, skills, and experiences to deliver innovative solutions. We are committed to engaging, hiring, and retaining bright, dedicated people who work in partnership within an inclusive environment that enables personal success and value for teams and communities. Our equities team provides deep sector research, candid advice, and a productive culture supported by extensive market coverage and industry insights.

Location

New York, NY

Role and Responsibilities

• Work in partnership with the senior analyst to conduct extensive company and industry research.
• Create financial models and valuation analyses.
• Write company reports, industry reports, and investment recommendations.
• Meet with company management teams and interview customers, suppliers, and competitors.
• Make company visits and attend trade shows and industry conferences.
• As the internship progresses, market the team’s research and investment recommendations to the sales force and to institutional investors, venture capitalists, and private/public companies.

Qualifications & Requirements

• Ph.D., Master’s degree in science-related fields, or an undergraduate degree in a science-related field with at least 2 years of work experience in the healthcare sector.
• Ability to think quickly, work independently, and demonstrate strong analytical skills.
• Intense interest in the stock market with a track record of professional, academic, and personal achievement.
• Outstanding interpersonal and written communication skills.
• Excellent quantitative and organizational skills.
• Strong competitive drive balanced by the ability to work as part of a team.
• Strong background in the biological sciences.
• Fluent understanding of financial accounting preferred but not required.
• Strong writing and financial modeling experience.
• SIE, Series 86 and 87 required (or willingness to obtain within 90 days).

Eligibility & Compliance

Piper Sandler values a culture focused on the emotional and physical well-being of our employees. View our benefits and well-being commitments on our careers page.

All qualified applicants will receive consideration for employment without regard to race, color, creed, religion, sex, sexual orientation, gender identity, national origin, disability, age, marital status, status as a protected veteran, or status with regard to public assistance.

Compensation & Internship Details

The anticipated starting hourly range for this internship is $21–$30 per hour, depending on experience, location, and other factors. Please note that this internship is not a summer internship. It is intended to become a full-time role soon after completion, with an anticipated 6-month duration and potential for advancement.

If offered a full-time role after the internship, the anticipated starting salary range is $80,000–$125,000 per year, depending on experience and location. Total compensation includes eligibility for annual incentive compensation, making total compensation competitive within the market.

About the Firm

As a leading investment bank, Piper Sandler enables growth and success for clients through sector expertise, candid advice, and a differentiated, high-performing culture. Our equities team facilitates offerings, provides market-making capabilities, and delivers independent, principle-based research across sectors.