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Equity Research Associate Jobs in Algonquin, IL (NOW HIRING)

Sralab

Research Associate II - NE

Chicago, IL

$29.71 - $49.42/hr

You'll work in a truly inclusive environment where diversity and equity are championed through ... Summary The Research Associate II - NE conducts experimental studies in an SRAlab laboratory that ...

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$33.8K

$96.7K

$151.6K

How much do equity research associate jobs pay per year?

As of May 28, 2026, the average yearly pay for equity research associate in Algonquin, IL is $96,657.00, according to ZipRecruiter salary data. Most workers in this role earn between $89,000.00 and $109,600.00 per year, depending on experience, location, and employer.

What Is an Equity Research Associate?

An equity research associate is a financial analyst that provides insights to a financial manager regarding investment strategies. As an equity research associate, your responsibilities include diligently researching market trends for bonds, options, and stocks, producing a report detailing recommendations, and presenting all of this information to the financial manager. You need a bachelor’s degree for this career, and while business is the most common field, any degree that hones your analytical skills may be acceptable for this position. You can find equity research analyst positions in most financial institutions.

What are the key skills and qualifications needed to thrive as an Equity Research Associate, and why are they important?

To thrive as an Equity Research Associate, you need strong analytical abilities, financial modeling skills, and a solid understanding of accounting and finance, often supported by a relevant degree such as finance, economics, or accounting. Proficiency in Excel, Bloomberg Terminal, and financial databases, as well as progress toward or completion of the CFA designation, is highly valued. Exceptional written and verbal communication, attention to detail, and time management distinguish top performers in this role. These skills are crucial for producing accurate investment research, delivering actionable insights, and supporting investment decisions in a fast-paced financial environment.

What are some common challenges Equity Research Associates face when analyzing companies across different industries?

Equity Research Associates often encounter the challenge of adapting their analysis techniques to suit different industries, each with its own metrics, valuation methods, and regulatory environments. Staying up-to-date with industry trends, learning new financial modeling approaches, and quickly synthesizing large volumes of information are essential skills. Additionally, Associates must effectively communicate their findings to both internal teams and external clients, often under tight deadlines. Developing expertise in multiple sectors can be demanding but ultimately broadens career opportunities within the field.

What does an Equity Research Associate do?

An Equity Research Associate supports senior analysts in analyzing companies, industries, and market trends to provide investment recommendations. Their responsibilities include creating financial models, preparing research reports, gathering and interpreting data, and assisting in client presentations. They play a crucial role in helping investment firms make informed decisions about buying, holding, or selling stocks. The position requires strong analytical, quantitative, and communication skills, as well as a solid understanding of financial markets.

What is the difference between Equity Research Associate vs Financial Analyst?

AspectEquity Research AssociateFinancial Analyst
Required CredentialsBachelor's degree, often CFA Level I or IIBachelor's degree, CFA optional
Work EnvironmentFinancial firms, investment banks, research departmentsCorporations, banks, investment firms
Employer & Industry UsagePrimarily in finance and investment sectorsBroader across industries including corporate finance
Common Search & ComparisonYesNo

Equity Research Associates focus on analyzing stocks and sectors to provide investment insights, often working in research departments of financial firms. Financial Analysts have a broader role, evaluating financial data for companies or investments across various industries. While both roles require similar credentials, Equity Research Associates specialize in equity markets, making them more comparable to roles within investment research teams.

More about Equity Research Associate jobs
What job categories do people searching Equity Research Associate jobs in Algonquin, IL look for? The top searched job categories for Equity Research Associate jobs in Algonquin, IL are:
What cities near Algonquin, IL are hiring for Equity Research Associate jobs? Cities near Algonquin, IL with the most Equity Research Associate job openings:
Equity Research Associate jobs near you

Equity Research Associate, Healthcare

Principal Financial Group

Chicago, IL

$139.20K - $187.20K/yr

Full-time

Posted 9 days ago

Job description

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 preferable
  • 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 (Non-Exempt expressed as hourly; Exempt expressed as yearly)
$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

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: www.principalam.com

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.
Original Posting Date
5/18/2026
Most Recently Posted Date
5/18/2026Qualifications:
  • 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 preferable
  • 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.
Education:UNAVAILABLEEmployment Type: FULL_TIME

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