Research Associate, Healthcare

About Us

Wellington Management offers comprehensive investment management capabilities that span nearly all segments of the global capital markets. Our investment solutions, tailored to the unique return and risk objectives of institutional clients in more than 60 countries, draw on a robust body of proprietary research and a collaborative culture that encourages independent thought and healthy debate. As a private partnership, we believe our ownership structure fosters a long-term view that aligns our perspectives with those of our clients.

We are seeking an Equity Research Associate (RA) to join our Global Industry Research Healthcare Team. In this role, the RA will work closely with a senior Global Industry Analyst (GIA) to support coverage across the global Med Tech, Tools and Diagnostics universe primarily in the US.

The ideal candidate will be a self-directed, intellectually curious team player with a strong interest in medical device, life sciences tools and diagnostics as well as broader health care investing. This role will require the ability to analyze financial, clinical, regulatory, reimbursement, market adoption and alternative data; evaluate product portfolios and competitive positioning; leverage AI to drive research efficiencies; and synthesize complex information to inform investment decisions.

• Maintaining industry and comparative valuation models across medical device, diagnostics, and life science tools companies;
• Building and maintaining company financial models with a focus on product-level forecasting, procedure volumes, pricing, reimbursement, margin trends, and adoption curves;
• Assessing commercial opportunity, product differentiation, regulatory pathway, reimbursement dynamics, and adoption risk for new and existing medical technologies;
• Analyzing clinical data, FDA and international regulatory developments, procedure and utilization trends, hospital and physician purchasing dynamics, and other industry datasets to evaluate company fundamentals and competitive dynamics;
• Performing ongoing due diligence across the global Med Tech, Tools, and Diagnostics landscape, identifying emerging investment opportunities and key risks across established and disruptive categories;
• Executing complex analytical projects that leverage alternative data, AI, and other tools under tight time constraints;
• Staying abreast of relevant company, clinical, regulatory, reimbursement, and industry materials, including product launches, guideline changes, reimbursement updates, conference proceedings, and scientific publications;
• Contributing to idea generation across both long and short investment opportunities.

• Analytical acumen and passion for markets –The ideal candidate will possess strong financial modeling skills and the ability to analyze clinical, commercial, regulatory, reimbursement, and financial datasets, while leveraging AI and data tools to drive deeper and more efficient research. Experience modeling product portfolios, procedure volumes, utilization trends, pricing, margins, and adoption curves is highly valued. Intellectual curiosity and a passion for understanding the drivers of Med Tech, Tools and Diagnostics innovation are essential.
• Judgment and investment focus – Successful candidates will demonstrate an ability to prioritize the most relevant information across a complex and fast-moving industry landscape and develop differentiated investment insights. A discerning analytical mindset and the ability to focus on the key drivers of value creation, including innovation cycles, competitive positioning, reimbursement, adoption, and execution, will be important.
• Superior collaboration skills – The Research Associate will contribute meaningfully to the research efforts of the healthcare team while building strong working relationships across the firm. The ability to communicate investment views clearly, both verbally and in writing, and participate in a constructive investment dialogue is essential.
• Growth mindset – This role requires initiative, independence, and strong ownership of research…