Equity Research Associate, Healthcare

What You'll Do

Principal's Global Equity team is searching for a Research Associate to support the needs of our senior Research Analysts on the Healthcare team. This candidate will augment our commitment to deep fundamental sector expertise through highly differentiated and timely fundamental equity research. We are seeking an exceptional candidate with a sincere, deep interest in the sector and a passion for investing who can demonstrate the ability to earn their own coverage over time.

Role Overview

Under the direction of senior team members, assist with equity research on Healthcare equities across various subsectors, market capitalizations, and geographies. Assist in diligence processes to help form and enhance investment recommendations. Analyze and synthesize researched data and present trends and ideas to assist in investment decision-making. Interact with company management and industry experts to augment differentiated views. Frequently present research findings and affiliated recommendations through clear written and verbal communication.

Who You Are

• Bachelor's degree
• 1+ years equity research experience in the Healthcare sector (more than two years preferred)
• High proficiency with financial statement analysis and strong financial accounting knowledge
• Outstanding financial modeling, quantitative financial analysis, statistics, and accounting expertise
• Ability to synthesize data and articulate findings through excellent presentation and communication skills (written and verbal)
• Entrepreneurial mindset; self-starter with a desire to earn the opportunity to build out individual coverage within our Healthcare team
• Willingness to travel as needed for conferences, management meetings, site visits, etc.

Skills That Will Help You Stand Out

• More than two years of equity research experience; buy-side experience preferred
• At least 1 year of Healthcare sector-specific research/investment experience
• Master’s degree in a scientific discipline, MBA, CFA candidates preferred
• Private transaction experience a plus; background primarily in public equities
• Knowledge of financial tools: FactSet, Bloomberg, AlphaSense, etc.
• Familiarity with AI tools and the ability to integrate AI with MS Office applications

Salary Range & Benefits

Salary ranges reflect targeted base salaries. Non-sales roles may participate in a bonus program. Sales roles may have incentives; total compensation can exceed base salary depending on performance. Actual compensation will be based on geographic location, experience, education, licensure, and skill level at offer.

Salary Details

Salary Range (Non-Exempt expressed hourly; Exempt expressed yearly): $89,300 – $152,400 per year

Location & Salary Tiers

The following locations are the market-specific salary ranges. Candidates will be evaluated to determine the appropriate job level based on skills and experience.

• Research Associate (minimum 1 year of experience):
  • Des Moines, IA: $89,300 – $120,650/year
  • Denver/Chicago: $103,400 – $139,700/year
  • Seattle/New York City: $112,800 – $152,400/year
• Research Associate (minimum 3 years of experience):
  • Des Moines, IA: $110,200 – $148,200/year
  • Denver/Chicago: $127,600 – $171,600/year
  • Seattle/New York City: $139,200 – $187,200/year

Time Off & Benefits

Time Off Program: Flexible Time Off (FTO) is provided to salaried (exempt) employees and allows paid time away for vacation, personal time, or short-term illness. There is no accrual or set number of days.

Pension

Pension Eligible: No

Locations

Locations include New York City, Chicago, Seattle, Denver, or Des Moines.

Background & Company

Principal Asset Management includes a market-leading, long-only equities platform with $92.4 billion AUM. Principal offers global asset management expertise across a diverse set of traditional and alternative asset classes totaling over $780 billion AUM. Learn more at: www.principalam.com. Our approach is to evaluate and select stocks from a broad investment universe and construct portfolios aligned with specific objectives and risk management parameters. Our conviction is built on differentiated, fundamental insights gathered from deep, company-specific research.

Work Authorization

We are not considering applicants who require immigration sponsorship now or in the future to work in the United States (including F1-OPT, F1-CPT, H-1B, TN, L-1, J-1, etc.).

Ethics & Compliance

All Principal Asset Management positions require adherence to an Investment Code of Ethics related to personal and business conduct and personal trading activities for you and household members. These requirements may apply to other roles as well.

Experience & Culture

At Principal, we value both personal and professional connections. We are committed to a purpose-led future for financial services and support our employees with comprehensive benefits. Principal is an Equal Opportunity Employer. All qualified applicants will receive consideration 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; the posting may remain open or be removed based on applications received. If reposted, we will accept 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 deadline.

Dates

Original Posting Date: 5/18/2026
Most Recently Posted Date: 5/18/2026