Research Associate – Technology Investment Research

Job Description

Equity Research Associate (Tech-focus) | Sands Capital

The Tone:
This is a full-time role at Sands Capital, located in Arlington, Virginia on a hybrid schedule. Sands Capital is an active, long-term investor in leading innovative growth businesses, globally. They identify high-quality growth businesses through rigorous analytical and creative thinking, offering growth capital solutions across public and private equity. This role is crucial for maintaining coverage of portfolio companies and evaluating new investment opportunities within the technology sector, directly contributing to the firm’s investment decision-making process.

The TL;DR
• Role: Early Career
• Type: Full-time
• Location: Hybrid, Arlington, Virginia
• Pay: $105000–$120000 yearly
• Team: Research Associate assists the Sr. Research Analyst
• Mission: This person performs general investment research and analysis to support investment decisions in the technology sector.
• Tech Stack: Excel, PowerPoint, FactSet or Bloomberg, Claude Code (preferred)

What You’ll Actually Do
• Modeling: Build, maintain, and update detailed financial models and datasheets to support investment decision-making.
• Analysis: Gather and analyze data from primary and secondary sources to uncover valuable insights for company and industry research.
• Drafting: Draft investment cases, research notes, and other communications that clearly convey investment perspectives.
• Reporting: Write timely earnings notes following quarterly results from covered companies.
• Engagement: Prepare for and contribute to meetings with portfolio managers, company management teams, and industry experts.

The Must-Haves
• Background: Bachelor’s degree from an accredited university, preferably in Computer Science, Artificial Intelligence, Machine Learning, or a related field, with a strong academic performance record.
• Experience: 1-3 years of experience analyzing businesses, either in sell-side research, investment banking, consulting, or an investment management role.
• Skills: Understanding of accounting principles and financial analysis (including 3-statement modeling), expertise in Excel, PowerPoint, and FactSet or Bloomberg, superior verbal and written communication skills, self-motivated nature, analytical mindset, and genuine passion for investment research.
• Bonus: Mandarin Chinese skills (spoken and reading) and familiarity with Claude Code.