Investment Banking Associate - Healthcare

At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed.  We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One.

BTIG is a global financial services firm specializing in institutional trading, investment banking, research and related brokerage services. Following our acquisition by U.S. Bancorp in 2026, we combine BTIG’s high-touch, client-first approach with the scale and stability of the nation’s fifth largest commercial bank. We take pride in attracting the best and brightest individuals from diverse backgrounds and mindsets, and we continue to foster a culture where entrepreneurial spirit thrives—now supported by the resources and long-term commitment of U.S. Bancorp.

Job Description

BTIG seeks an investment banking professional to join the Biopharma Investment Banking team in New York. Associates are involved in all facets of BTIG's investment banking activities, including private and public offerings, M&A transactions, and other advisory services. The ideal candidate will demonstrate potential to take on a significant role in deal execution by providing day-to-day support to senior bankers and clients while also providing professional guidance to junior team members. BTIG offers a unique environment which combines a highly entrepreneurial platform focused on growth companies with the analytical rigor and transaction experience of “bulge bracket” investment banks.

Duties & Responsibilities:

• Provide transaction support to senior bankers on a broad range of live deals and pitches, including for IPOs, Follow-Ons, PIPEs, Private Placements, and M&A transactions
• Build detailed financial models and valuation analyses (DCF, public comps, etc.)
• Prepare client presentations, offering memoranda, and other transaction materials
• Conduct due diligence and industry research on companies, pipeline assets, and therapeutic areas
• Monitor public market activity and key trends impacting the biopharma sector
• Interact directly with clients and investors during due diligence, transaction marketing, and execution processes

Requirements & Qualifications:

• Ideal candidate will have 3+ years of experience within an investment banking biopharma vertical at a bulge bracket or middle-market investment bank
• BA/BS/MS in a life sciences-related field preferred; applicants with advanced degrees (PharmD, MD, PhD) in life sciences will be prioritized
• Experience working on successful equity capital markets transactions as well as M&A and strategic advisory assignments  
• Deep understanding of biopharma business models, therapeutic areas, and drug development / regulatory timelines
• Strong analytical, financial, and valuation modeling skills
• Highly motivated with the ability to manage multiple projects with competing deadlines
• Superior attention to detail and ability to thrive in a fast-paced business environment
• Demonstrated commitment to mentoring and developing junior team members
• Excellent verbal and written communication skills, with the ability to build both internal and client-facing relationships
• Advanced proficiency in Excel and PowerPoint; experience with relevant banking-related databases / applications (Bloomberg, CapIQ, Pitchbook, etc.)
• SIE, Series 63, and Series 79 licenses required

Compensation:

• Salary range is based on a variety of factors including, but not limited to, location, years of applicable experience, skills, qualifications, licensure and certifications, and other business and organization needs.
• The current estimated base salary range for this role is $170,000.00 - $210,000.00 per year. Please note that certain positions are eligible for additional forms of compensation such as discretionary bonus or overtime. 

If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants.

Benefits: 

Our approach to benefits and total rewards considers our team members’ whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following:

• Healthcare (medical, dental, vision)

• Basic term and optional term life insurance

• Short-term and long-term disability

• Pregnancy disability and parental leave

• 401(k) and employer-funded retirement plan

• Paid vacation (from two to five weeks depending on salary grade and tenure)

• Up to 11 paid holiday opportunities

• Adoption assistance

• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

Review our full benefits available by employment status here.

U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.

E-Verify

U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E-Verify program.

U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.

Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.

Posting may be closed earlier due to high volume of applicants.