Equity Research Associate - SMID Research Associate

We are looking for a SMID Research Associate to support senior analysts in delivering high-quality, differentiated research to institutional clients.
In this role, you will:
• Develop and maintain detailed financial models, including forecasts and scenario analysis, to support stock coverage
• Perform fundamental analysis, including earnings drivers, regulatory frameworks, and sector-specific dynamics across different value chains within China’s SMID sector
• Produce high-quality research reports, notes, and thematic pieces with clear investment recommendations (Buy/Sell/Hold)
• Generate differentiated investment insights by combining industry knowledge with valuation frameworks (DCF, multiples, sum-of-the-parts, etc.)
• Monitor sector developments, including high-frequency industrial data, technological developments and policy changes to identify investment opportunities
• Engage with corporate management, industry experts, and internal stakeholders to enhance research perspectives
• Support client interactions by preparing materials and responding to investor inquiries

Your team

You'll be working in the Equity Research team in Shanghai. We are open and energetic team. We work closely with corporates and clients.
Diversity helps us grow, together. That’s why we are committed to fostering and advancing diversity, equity, and inclusion. It strengthens our business and brings value to our clients.

Your expertise

You have:
• Excellent financial modeling and valuation skills, with attention to detail and accuracy
• Solid understanding of accounting and financial statements
• Strong interests in various sectors/industries
• Advanced proficiency in Microsoft Excel; Leveraging AI to boost efficiency is a plus
• Solid written and verbal communication skills, with the ability to articulate investment views clearly and concisely in English
• CFA charterholder or candidate is a plus

You are:
• Commercially minded, with a strong interest in financial markets and stock investing
• A proactive self-starter with the ability to manage multiple priorities under tight deadlines
• Detail-oriented, disciplined, and committed to high-quality output
• An independent thinker with strong analytical and problem-solving skills
• Comfortable working in a fast-paced, client-facing, and deadline-driven environment
• A strong team player who works collaboratively and communicates effectively with colleagues (cross the sector and region)
• Fluent in Mandarin and English, with strong written and verbal communication skills

About us

UBS is a leading and truly global wealth manager and the leading universal bank in Switzerland. We also provide diversified asset management solutions and focused investment banking capabilities. Headquartered in Zurich, Switzerland, UBS is present in more than 50 markets around the globe.
We know that great work is never done alone. That’s why we place collaboration at the heart of everything we do. Because together, we’re more than ourselves. Want to find out more? Visit ubs.com/careers.

Join us

At UBS, we know that it's our people, with their diverse skills, experiences and backgrounds, who drive our ongoing success. We’re dedicated to our craft and passionate about putting our people first, with new challenges, a supportive team, opportunities to grow and flexible working options when possible. Our inclusive culture brings out the best in our employees, wherever they are on their career journey. And we use artificial intelligence (AI) to work smarter and more efficiently. We also recognize that great work is never done alone. That’s why collaboration is at the heart of everything we do. Because together, we’re more than ourselves.
We’re committed to disability inclusion and if you need reasonable accommodation/adjustments throughout our recruitment process, you can always contact us.

Disclaimer / Policy statements

UBS is an Equal Opportunity Employer. We respect and seek to empower each individual and support the diverse cultures, perspectives, skills and experiences within our workforce.