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Emerging Markets Equity Research Analyst

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Neuberger Berman

21d ago

  • Job
    Full-time
    Mid & Senior Level
  • Data
    Banking & Finance
  • London
  • Quick Apply

AI generated summary

  • You need strong academic credentials, 3–5 years in finance, value investing commitment, fundamental research skills, and proven insights. CFA progress is a plus; Emerging Markets experience preferred.
  • You will select stocks using a contrarian approach, build financial models, write investment notes, assist in portfolio construction, and identify non-consensus opportunities in Emerging Markets.

Requirements

  • Strong academic credentials
  • 3–5 years of relevant professional experience
  • Background in Investment Banking (IBD), Sell-Side Research, or Buy-Side Asset Management
  • Clear commitment to value investing, with demonstrable application (e.g., case studies, investment memos, documented track record)
  • Demonstrated contrarian mindset: ability to develop differentiated, non-consensus views supported by rigorous analysis and a clear margin-of-safety framework (provide examples)
  • Strong fundamental research skills: deep-dive company analysis, financial modeling, valuation (DCF, multiples, scenario/sensitivity analysis), and industry/competitive assessments
  • Proven ability to generate original insights and articulate long-term investment theses with an absolute-return mindset
  • Broad coverage capability: comfortable analyzing companies across sectors and countries, including multiple types of value situations (e.g., cyclicals, turnarounds, asset plays, special situations)
  • Demonstrated capacity to think in probabilities: frameworks for base/bull/bear cases, expected value and Bayesian updating under uncertainty
  • Experience in Emerging Markets is preferred, but not essential
  • Comfort operating with imperfect information; disciplined approach to risk management and downside protection
  • Excellent written and verbal communication
  • Proven ability to work independently with ownership of coverage and recommendations, as well as collaboratively within a team-based research process
  • Highly organized, with strong prioritization skills and the ability to manage multiple workstreams simultaneously while meeting deadlines
  • High integrity, intellectual curiosity, resilience, and a self-starter mentality
  • Proficiency in Excel/financial modeling; familiarity with market data tools (e.g., Bloomberg, FactSet) a plus
  • Strong academic record; CFA designation or progress toward CFA is advantageous

Responsibilities

  • Drive stock selection using a contrarian, bottom-up, benchmark-agnostic, absolute-return, deep value approach, covering companies across all sectors (including financials), all regions, and the full spectrum of value situations—from discounted compounders and cyclicals to turnarounds, asset plays, and special situations.
  • Build robust financial models with at least 10 years of historical data, apply sensitivity and scenario analysis, and validate assumptions through rigorous primary and secondary research.
  • Write clear, evidence-based investment case notes that document thesis, catalysts, risks, and valuation frameworks, and discuss ideas with Portfolio Managers, incorporating feedback while maintaining analytical independence and conviction.
  • Help shape portfolio construction by contributing to position sizing, risk assessment, diversification, and monitoring exposures against absolute-return objectives.
  • Continuously refresh coverage, screening, and watchlists to surface non-consensus opportunities across Global Emerging Markets and Frontier equities; track thesis progression and conduct post-mortems to iterate models and perspectives as new information emerges.
  • The role offers a unique opportunity to build investment knowledge across the entire Global Emerging Markets and Frontier universe.
  • Portfolio Managers will rely uniquely on the analyst’s work and insights to drive decision-making.

FAQs

What is the primary focus of the Emerging Markets Equity Research Analyst role?

The primary focus is on driving stock selection using a contrarian, bottom-up, benchmark-agnostic, absolute-return, deep value approach across various sectors and regions in the Global Emerging Markets and Frontier equities.

What qualifications are required for this position?

The position requires strong academic credentials, 3–5 years of relevant professional experience, a background in Investment Banking, Sell-Side Research, or Buy-Side Asset Management, and a clear commitment to value investing.

Is experience in Emerging Markets a requirement for this role?

Experience in Emerging Markets is preferred, but it is not essential.

What kind of financial models is the analyst expected to build?

The analyst is expected to build robust financial models with at least 10 years of historical data, applying sensitivity and scenario analysis.

What skills are essential for this role?

Essential skills include strong fundamental research capabilities, financial modeling, valuation analysis, and a demonstrated capacity to think probabilistically about investment outcomes.

How important is written communication in this role?

Excellent written communication is crucial, as the analyst is required to write clear, evidence-based investment case notes documenting their thesis, catalysts, risks, and valuation frameworks.

Will the analyst work independently or collaboratively?

The analyst will have ownership of coverage and recommendations while also collaborating within a team-based research process.

What tools or platforms should the analyst be familiar with?

Proficiency in Excel for financial modeling is required, and familiarity with market data tools such as Bloomberg or FactSet is a plus.

What qualities are valued in candidates for this position?

High integrity, intellectual curiosity, resilience, and a self-starter mentality are highly valued qualities for this role.

Is a CFA designation or progress toward it advantageous for this role?

Yes, having a CFA designation or progress toward it is considered advantageous for candidates applying for this position.

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Neuberger Berman

Founded in 1939 to do one thing: deliver compelling investment results for our clients over the long term.

Venture Capital & Private Equity
Industry
1001-5000
Employees
1939
Founded Year

Mission & Purpose

Neuberger Berman, founded in 1939, is a private, independent, employee-owned investment manager. The firm manages a range of strategies—including equity, fixed income, quantitative and multi-asset class, private equity, real estate and hedge funds—on behalf of institutions, advisors and individual investors globally. With offices in 25 countries, Neuberger Berman’s diverse team has over 2,400 professionals. For eight consecutive years, the company has been named first or second in Pensions & Investments Best Places to Work in Money Management survey (among those with 1,000 employees or more). In 2020, the PRI named Neuberger Berman a Leader, a designation awarded to fewer than 1% of investment firms for excellence in Environmental, Social and Governance (ESG) practices. The PRI also awarded Neuberger Berman an A+ in every eligible category for our approach to ESG integration across asset classes.

Culture & Values

  • Earning Trust

    Neuberger Berman is one of the world's leading employee majority-controlled investment firms, over 2,300 employees in 35 cities worldwide. Over the past seven decades, we have earned our clients' trust because clients come first and we always, put their interests ahead of our own. Our partnership culture is the source of our most distinctive strength — our people, who thrive in an environment of professional and personal respect, rigorous analysis and challenging dialogue. With a singular focus on delivering superior, long-term performance, we are passionate, independent investors, unified by our commitment to fundamental research and the constant pursuit of investment insight. Risk management and an exceptional client experience are everyone's responsibility at Neuberger Berman.

  • Rich Tradition

    Neuberger Berman’s commitment to investment management has deep roots. In 1939, renowned investor Roy Neuberger founded the firm to manage money for individuals and families. The firm thrived and grew, earning a reputation for excellent performance and integrity. In 1950, Neuberger Berman became one of the first firms to offer a no-load mutual fund to individual investors, and that mutual fund family grew alongside the private client business. In 1971, the firm launched a portfolio for institutions, marking its formal entry into the institutional investment management business. Today, we continue to serve a broad range of investors across traditional equity, fixed income and alternative asset classes, while offering portfolio advice and wealth planning services. Since our first application of “avoidance screens” in the 1940s to the launch of our Socially Responsive Investment team in 1989, Neuberger Berman has been on the forefront of integrating environmental, social and governance (ESG) criteria into the investment process, which we continue to this day.

  • Distinctive Mindset

    We have operated successfully through many investment and economic cycles, which has helped strengthen and define us as a firm. Today, we are best described as a collective of independent, entrepreneurial-minded investment teams and support groups who are motivated to do well for clients in their respective areas of expertise. This sense of teamwork, accountability and client-focus is shared across our entire organization. We hire and retain employees based on merit, attracting talent with the dedication and creativity needed to foster diverse perspectives and a passion for investing.