Equity Research Associate

Johnson Investment Counsel

  • Cincinnati, Ohio
  • 30+ days ago

    Highlights

    POSITION DESCRIPTION Job Title: Equity Research Associate Date: September 2026 Department: Research Reports To: Director of Research FLSA Classification: Exempt Johnson Asset Management – Equity Research Associate (Johnson Investment Counsel) Johnson Asset Management Equity Research Associates build their buy-side careers on the equity research team of Johnson Investment Counsel, one of the largest independent investment firms in the country, with more than $23 billion in assets under management. The firm manages more than $23 billion for individuals, families, and institutions across all 50 states and has been named a Top Workplace in Greater Cincinnati for 13 consecutive years and has been ranked among Barron's Top 100 RIA Firms and Forbes' America's Top RIA Firms (2025).

    Numbers & Facts

    LocationCincinnati, Ohio
    Websitehttps://www.johnsoninv.com/careers

    Description

    POSITION DESCRIPTION
     
    Job Title:
    Equity Research Associate
    Date:
    September 2026
     
    Department:
    Research
    Reports To:
    Director of Research
     
    FLSA Classification:
    Exempt
     
     
          
     
     
    Johnson Asset Management – Equity Research Associate (Johnson Investment Counsel)
     
    Johnson Asset Management Equity Research Associates build their buy-side careers on the equity research team of Johnson Investment Counsel, one of the largest independent investment firms in the country, with more than $23 billion in assets under management.  The Research Associate role is a career-track position built on an apprenticeship model: each Associate is assigned to senior equity analysts and their sector coverage, learning fundamental analysis, valuation, and portfolio management directly from the people who practice it every day.  Associates contribute on day one.  You'll sit in on strategy meetings and recommendation debates, take on live research for the companies we cover, and follow a clear development path toward becoming a research analyst.  If you want to learn investing by doing it alongside experienced analysts at a firm where employees are owners and the client comes first, we invite you to explore building your career at Johnson.
     
    Your Path to an Analyst Career at Johnson
     
    Every Associate climbs the Associate Development Ladder, our framework for building the skills needed to succeed as an equity research analyst.
     
    • Climbing the ladder.  A five-level progression from foundational work to full coverage responsibility: updating models and writing short company profiles at the start, building three-statement models and assisting on recommendation reports in the middle, and leading stock recommendations and taking coverage of holdings at the top
    • Training.  You learn the craft as an apprentice, working alongside a senior analyst who teaches it directly.  Formal financial modeling coursework early in the role rounds out the foundation
    • CFA support.  Johnson Investment Counsel pays for exam registration and study materials.  You'll be expected to earn the CFA designation as an Associate, since it's required for promotion to analyst, and all three CFA exams are built into the Ladder
    • Advancement.  Half of our senior analysts began in this role, and our portfolio managers built their careers at Johnson from junior positions.  Promotion to analyst is earned through demonstrated mastery, not tenure.  Associates who succeed here go on to take coverage of holdings, contribute to how the firm invests, and have fulfilling careers
     
    Responsibilities & Opportunities
     
    • Conduct fundamental, bottom-up research on public equities for our large-cap and SMID-cap strategies, which are run with a long-term, quality-first philosophy
    • Work directly with senior research analysts, taking on an expanding share of their coverage work with day-to-day mentorship in modeling, research writing, and valuation
    • Attend strategy meetings, recommendation debates, and portfolio-level discussions, where you're expected to form and voice your own views, weigh in on position sizing and portfolio construction, and, as you progress, present your own work to the portfolio management teams
    • Write introductory company reports and earnings recaps, and contribute to research presentations used inside the firm and with clients
    • Sit in on sell-side, company management, and investor relations calls, learning how to engage with companies and, over time, preparing questions and helping drive the discussion
    • Perform portfolio analytics, including performance attribution, risk/return analysis, and peer comparisons, using FactSet, Bloomberg, and other institutional tools
    • Screen and vet new investment ideas to help analysts expand their coverage
    • Learn to use AI tools to accelerate and improve the research process, a skill we teach as part of the role
     
    Details
     
    • Location: Cincinnati, OH
    • Start date: Immediate start available.  We are also considering Fall 2026 graduates and Spring 2027 graduates to start when available.  Applications are reviewed on a rolling basis
    • Benefits: health, dental, and vision coverage, eligibility for 401(k) and profit sharing plans
     
    Preferred Education & Experience
     
    • Bachelor's degree in Finance, Economics, Accounting, or a related field
    • 0–3 years of investment research or related experience
    • Commitment to earning the CFA designation, which is required for promotion to analyst
    • Strong analytical, written, and oral communication skills, and the initiative to work independently and as part of a team
    • Proficiency in Microsoft Excel and other Microsoft Office applications.  Prior experience with FactSet, Bloomberg, Advent, or AI tools is a plus
     
    About Johnson Investment Counsel
     
    Johnson Investment Counsel is an employee-owned investment firm founded in 1965 and headquartered in Cincinnati, OH.  The firm manages more than $23 billion for individuals, families, and institutions across all 50 states and has been named a Top Workplace in Greater Cincinnati for 13 consecutive years and has been ranked among Barron's Top 100 RIA Firms and Forbes' America's Top RIA Firms (2025).  Founded by Tim Johnson, a university finance professor who built the firm to put investment theory into practice, the firm operates as a fiduciary, putting clients' interests first.
     
    The firm's equity research team supports Johnson Private Client Group and Johnson Asset Management, the firm's institutional division.  Our large-cap and SMID-cap equity strategies are run with a quality-first, bottom-up philosophy designed to protect in down markets and outperform over a full market cycle.
     
    Supervisory responsibility: N/A
     
    Travel required: N/A
     
    Work environment: Temperature controlled, office environment
     
    Physical demands: Must be able to stand or sit at computer for 8+ hours per day.  May require extensive typing at times.
     
    Additional eligibility requirements: N/A
     
    Work authorization/security clearance requirements: United States Citizen or lawful permanent resident
     
    EEO statement: As an equal opportunity employer, Johnson Investment Counsel, Inc. does not discriminate in its employment decisions on the basis of race, religion, color, national origin, sex, pregnancy, sexual orientation, age, disability, veteran/ military status, or any other protected status as required by law.
     
    Other duties: Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job.  Duties, responsibilities and activities may change at any time with or without notice.

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