Equity Research Associate Analyst – Capital Appreciation Strategy

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 AND
• 2-4 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 

Base Salary Ranges

Please review the job posting for the location of this specific opportunity.

$110,000.00-$160,000.00 for the location of: Maryland, Colorado, Washington and remote workers
$110,000.00-$160,000.00 for the location of: Washington, D.C.
$110,000.00-$160,000.00 for the location of: New York, California

Placement within the range provided above is based on the individual’s relevant experience and skills for the role.  Base salary is only one component of our total compensation package.  Employees may be eligible for a discretionary bonus, which is determined upon company and individual performance.

Commitment to Diversity, Equity, and Inclusion

At T. Rowe Price, our associates are our greatest asset. We thrive because our company culture is built on inclusion and because we sustain a work environment where associates can bring their best selves to work every day. The backgrounds, talents, and experiences of our global associates allow us to embrace new ideas and perspectives that move our business priorities forward and enable us to deliver strong client outcomes. Here, you can expect equal opportunity and fair and consistent treatment for all. 

Benefits

T. Rowe Price is an equal opportunity employer and values diversity of thought, gender, and race. We believe our continued success depends upon the equal treatment of all associates and applicants for employment without discrimination on the basis of race, religion, creed, color, national origin, sex, gender, age, mental or physical disability, marital status, sexual orientation, gender identity or expression, citizenship status, military or veteran status, pregnancy, or any other classification protected by country, federal, state, or local law.