Research Associate - Us Payments And Fintech

Who You'll Work With

We are looking for a Research Associate to join our Autonomous Payments and FinTech team in New York. If you have a passion for research and are interested in building a long-term career in the investing world, there’s no better place to start than Bernstein. We seek candidates who love to solve problems, analyze data, and are passionate about in-depth fundamental analysis. We offer a unique opportunity to become an industry expert as you work alongside a seasoned veteran who will mentor and develop you.

Our Research Associates play an important role in producing the research Bernstein is famous for: unbiased, independent, thematic, collaborative, data-driven, and always differentiated. You will develop relationships across the investing community and over time become a thought partner to our clients. You will work closely with your team but come to have a high degree of autonomy and independence. You will perform in-depth analysis of key trends and debates impacting the payments/fintech industry, such as the rise of alternative payment methods (e.g. Cash App, Zelle, Venmo), emerging growth opportunities (B2B payments, account-to-account payments, etc.), and market share trends across existing providers. Additionally, once markets stabilize, we expect several payment companies to IPO, which could potentially make for some exciting deal-related work for the team (as well as broadening of the coverage base).

What You'll Do

• Become highly proficient at in-depth analysis of your companies, stocks and industry themes
• Become adept at financial forecasting, including building detailed forward-looking models
• Build a network within your industry including senior management of your companies
• Author written research that is famous for its deep industry insights and analytical rigor,
• Build strong relationships across the investing community, including our sales and trading teams and institutional clients
• Develop sector expertise working with a Senior Analyst who is a seasoned industry expert

We have an outstanding Associate program and make a strong commitment to your development. Our culture is intellectually rigorous, but it is also very collegial and fun. We have robust learning and development programs as well as annual offsite events. We offer a flexible work schedule, but our in-office environment is very active. Our Associates are highly involved in (and often lead) our firm’s cultural initiatives, ranging from health & wellness, community service, mentoring, employee resource groups, social events, and Associate leadership.

What We're Looking For

Our Research Associates hold Bachelor’s degrees and typically have track records of outstanding academic performance. For research roles, we look for evidence of thought leadership, intellectual breadth, quantitative rigor and a differentiated approach to solving problems. We look carefully at your academic background as well as any prior work experience for evidence of the following:

• Excellent broad-based analytical skills
• Outstanding verbal and written communication skills
• Relentless intellectual curiosity – our signature strength
• Strong quantitative backgrounds and ability to work with data sets, including engineering, math and science degrees

If you love solving problems and analyzing data, Bernstein could be a great fit for you. We provide an intellectually challenging but supportive environment for careers in investment research and look for team players with exceptional communication skills. These are typically three-to-five-year positions with outstanding growth potential. Our Associate positions have historically been excellent platforms for internal advancement to Senior Research Associate, Vice President, and Senior Analyst roles. We additionally have many Associates go on to graduate school, or to successful investing careers at our clients.

Please submit your resume and cover letter (we’re a research firm, and we like to read letters). We are interested in your background and unique story, including how you performed as a student. While grades and test scores don’t tell the entire story, it is helpful for us to review them to better understand your academic strengths so please include those too (SAT, ACT, GRE – whatever you think is relevant). We look forward to learning more about you!

Who We Are

Bernstein is widely recognized as Wall Street's premier sell-side research and brokerage firm, with a global equity trading platform that spans the U.S., Europe, and Asia. Our firm was founded in the U.S. in 1967 and in the U.K. in 1999. We began operations in Hong Kong in 2010, and in Mumbai in 2019, and now cover a range of sectors across Asia. Our research and trading capabilities are sought out by leading investment managers around the world, and we are annually ranked at the top of our industry by acknowledged arbiters. In independent surveys of major institutional clients, Bernstein's research has consistently been ranked #1 for overall quality, industry knowledge, most trusted, best detailed financial analysis, major company studies, most useful valuation frameworks and best original research. In 2019, we acquired Autonomous Research, a highly regarded global financial services independent research firm. The combination of Bernstein and Autonomous solidifies our standing as the largest global independent research firm, and further positions us as the preeminent provider of the highest-quality independent research to our clients worldwide.

Research has always been Bernstein's calling card. The brand is defined by our renowned Blackbooks, known for their unbiased, in-depth company and industry forecasts. We have a community of Research Analysts who are acknowledged thought leaders who typically have many years of experience in the industries they cover. Our reputation is for the very highest caliber of independent and disciplined investment and industry analysis. We are a wholly-owned subsidiary of our buy-side parent, AB.

To learn more about us, take a look at our Bernstein Recruiting Video and read some of our research: Greener Pastures: Initiating on MA, V, & PYPL - Oct 2021 and Initiating Coverage Bill.com - December 2019.

Role

In accordance with Section 8-107(32) as set forth in the New York City Human Rights Law, the minimum and maximum base annual salary for this role is as follows

Base Salary Range: $120,000 to $150,000

Actual base salaries may vary based on factors including but not limited to education, training, experience, past performance, and other job-related factors. Base salary is just one component of total compensation at AB, which may include, depending on eligibility, commissions, year-end incentive compensation, short- and long-term incentives and Department-specific awards. In addition, AB provides a variety of benefits to employees, including health insurance coverage, an employee wellness program, life and disability insurance, a retirement savings plan, paid holidays, sick and vacation time off.

People of color, women, and those who identify as LGBTQ people are encouraged to apply. AB does not discriminate against any employee or applicant for employment on the basis of race, color, religion, creed, ancestry, national origin, sex, age, disability, marital status, citizenship status, sexual orientation, gender identity, military or veteran status or any other basis that is prohibited by applicable law. AB’s policies, as well as practices, seek to ensure that employment opportunities are available to all employees and applicants, based solely on job-related criteria.

New York City, New York