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 help augment our commitment to deep fundamental sector expertise via highly differentiated and timely fundamental equity research. We are focused on hiring an exceptional candidate with a sincere, deep interest in the sector and overall passion for investing who can demonstrate the ability to earn one’s 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 various diligence processes to help form and enhance investment recommendations. Analyze and synthesize researched data and presentation of trends and ideas which assist in our investment decision-making process. Interact with company management and industry experts to augment our differentiated views. Frequently present research findings and affiliated recommendations through highly articulate written and verbal communication.

Who You Are:

• Bachelor's degree
• 1+ years equity research experience in the Healthcare sector (more than two is preferred)
• High proficiency with financial statement analysis and fluent in overall financial accounting
• Outstanding knowledge of financial modeling, quantitative financial analysis, statistics and accounting expertise
• Possess the ability to synthesize data and articulate findings through exemplary presentation and communication skills (both written and verbal)
• Entrepreneurial mindset; self-starter with a desire to earn option to build out individual coverage within our Healthcare dedicated team

Travel as needed for conferences, management meetings, site visits, etc.

Skills That Will Help You Stand Out

• More than two years equity research experience; buy side preferrable
• At least 1 year of Healthcare sector specific research / investment experience
• Master’s degree in a scientific discipline, MBA, CFA candidates all preferred
• Private transaction experience an added benefit; mandatory background is primarily focused in public equities
• Knowledge of various financial applications: FactSet, Bloomberg, AlphaSense, etc.

Knowledge of various AI tools, including experience with agents, cowork tools, etc. Should be comfortable integrating AI with MS Office applications.

Salary Range Information: Salary ranges below reflect targeted base salaries. Non-sales positions have the opportunity to participate in a bonus program. Sales positions are eligible for sales incentives, and in some instances a bonus plan, whereby total compensation may far exceed base salary depending on individual performance. Actual compensation for all roles will be based upon geographic location, work experience, education, licensure requirements and/or skill level and will be finalized at the time of offer. Salary Range: $89300 - $152400 / year Salary Details:

The following locations are the market-specific salary ranges across the offices this position may reside in. Candidates will be evaluated to determine the appropriate job level based on their skills and experience.

Research Associate with a minimum of one 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 with a minimum of three years 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 Program: Flexible Time Off (FTO) is provided to salaried (exempt) employees and provides the opportunity to take time away from the office with pay for vacation, personal or short-term illness. Employees don’t accrue a bank of time off under FTO and there is no set number of days provided. Pension Eligible: No Additional Information:

Location(s)

Locations include New York City, Chicago, Seattle, Denver, or Des Moines. Check out what our global headquarters looks like here:

Background

Principal Asset Management includes a market-leading, long-only focused 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:

Consistent across all strategies, our approach is to evaluate and select stocks from a broad investment universe and construct portfolios in alignment with specific objectives and risk management parameters. Our conviction is built on differentiated fundamental insights we gather from conducting deep, company-specific research.

Work Authorization/Sponsorship

At this time, we're not considering applicants that need any type of immigration sponsorship (additional work authorization or permanent work authorization) now or in the future to work in the United States. This includes, but IS NOT LIMITED TO: F1-OPT, F1-CPT, H-1B, TN, L-1, J-1, etc. For additional information around work authorization needs please use the following links.

Nonimmigrant Workers and Green Card for Employment-Based Immigrants

Investment Code of Ethics

For Principal Asset Management positions, you’ll need to follow an Investment Code of Ethics related to personal and business conduct as well as personal trading activities for you and members of your household. These same requirements may also apply to other positions across the organization.

Experience Principal

At Principal, we value connecting on both a personal and professional level. Together, we’re imagining a more purpose-led future for financial services – and that starts with you. Our success depends on the unique experiences, backgrounds, and talents of our employees. And we support our employees the same way we support our customers: with comprehensive, competitive benefit offerings crafted to protect their physical, financial, and social well-being. Check out our careers site to learn more about our purpose, values and benefits.

Principal is an Equal Opportunity Employer

All qualified applicants will receive consideration for employment 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, after which the posting may remain open or be removed based upon applications received. If we choose to post the job again, we will accept additional 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 applicable deadline. Date First Posted (TTF): 5/18/2026 Latest Post Date: Careers - US: 5/18/2026