Equity Research Associate Analyst – Capital Appreciation Strategy

At T. Rowe Price, we identify and actively invest in opportunities to help people thrive in an evolving world. As a premier global asset management organization with more than 85 years of experience, we provide investment solutions and a broad range of equity, fixed income, and multi-asset capabilities to individuals, advisors, institutions, and retirement plan sponsors. We take an active, independent approach to investing, offering our dynamic perspective and meaningful partnership so our clients can feel more confident.

We believe doing the right thing for our clients and our associates is good business. With a career at the firm, you can expect opportunities to create real impact at work and in your community. You’ll enjoy resources to support your career path, as well as compensation, benefits, and flexibility to enrich your life. Here, you’ll find a collaborative culture that respects and values differences and colleagues who share a spirit of generosity.  

Join us for the opportunity to grow and make a difference in ways that matter to you. Role Summary Role provides fundamental equity research support for our Capital Appreciation team

The Capital Appreciation strategy is a multi-asset class (equities, fixed income, covered calls) strategy managing over $105B (as of 3/31/2026)
Strategy is managed by David Giroux, CIO for equity and multi-asset investing and a former Morningstar manager of the year Daily opportunity to learn directly from our senior investment professionals, providing fundamental equity research support while learning the necessary skills to become a successful institutional investor

Competitive compensation with significant upside potential for high performers Responsibilities Diverse responsibilities including company/industry related research projects, building/updating financial models, assisting in quarterly earnings analysis, attending conferences and meetings with management teams, preliminary work on new ideas.

Expect to collaborate with the entire Capital Appreciation team and others across the central research platform.

Work includes providing investment insight and impacting the investment process, not just number crunching.

Qualifications

Required:

Bachelor’s Degree required AND2-4 years relevant work experience (technology equity research preferred)
Strong Excel and financial modelling skills including previous experience building three-statement models

Creativity and ability to imagine

Preferred:

Strong academic background and intellectual curiosity Highly motivated, confident self-starter with ability to work independently and with others Effective communication skills (verbal and written) Demonstrated ability to conduct in-depth thematic research across a broad spectrum of topics which can be additive to the investment process Completion of at least level 1 of the CFA preferred

Demonstrated ability to derive meaningful insights from in-depth research and analysis FINRA RequirementsFINRA 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.

Applicants for employment in the US must have work authorization that does not now or in the future require sponsorship of a visa for employment authorization in the United States (e.g., H1-B visa, F-1 visa (OPT), TN visa or any other non-immigrant work status). WHAT TO EXPECT AFTER APPLYING
1. You will receive an email and text message to answer a few questions to verify your eligibility. If you apply for multiple jobs, you will receive separate invitations for each role and will need to respond to each. Estimated Time Commitment: 3-5 minutes
2. If you are eligible, you will be asked to record video responses to…