Stephens Research Associate Position: Students & Graduates | Stephens

Who We Are

What We Do

We provide investment banking, research, sales and trading, asset and wealth management, public finance, insurance, private capital, and family office services.

About Us

We are a family-owned financial services firm that values client relationships, long-term stability, and supporting the communities where we live and work.

The Stephens Story

The idea of family defines our culture, because each of us knows that our reputation is on the line as if our own name was on the door.


Our reputation as a leading independent financial services firm is built on the stability of our longstanding and highly experienced senior executives.

Impact Initiatives

We are committed to corporate philanthropy; economic and financial literacy advocacy; and diversity, equity, and inclusion initiatives.

Our Brand Ambassadors

Stephens is proud to sponsor the PGA TOUR, LPGA Tour, and PGA TOUR Champions careers, as well as applaud the philanthropic endeavors, of our Brand Ambassadors.

Making Connections

We host many highly informative meetings each year with clients, industry decision makers, and thought leaders across the U.S. and in Europe.

Our Businesses

Capital Management

We provide fiduciary investment strategies to public-and private-sector institutional clients through asset allocation, consulting, and retirement services.

Fixed Income Sales & Trading

Decades of proven performance and experience in providing tailored fixed income trading and underwriting services to major municipal and corporate issuers.

Institutional Equities and Research

Proven industry-leading research, global market insights, and client-focused execution.


Customized risk management, property & casualty, executive strategies and employee benefits solutions that protect our clients over the long term.

Investment Banking

We assist companies with accessing capital through innovative advisory and execution services that help firms achieve their strategic goals.

Private Capital

We have been a trusted and reliable source of capital for private companies for over 70 years.

Private Wealth Management

Our experienced Private Client Group professionals develop customized investment strategies to help clients achieve their financial goals.

Public Finance

We are a trusted municipal advisor with proven expertise in public financings. We also work with clients in negotiated and competitive municipal underwritings.

Students and Graduates

Research Associate

The Experience

Stephens typically hires recent college or MBA graduates with professional experience and self-starter skills for research associate positions. As a research associate, you will use a variety of techniques to provide up-to-the-minute detail for company-and industry-specific news. Research associates work hand-in-hand with highly-skilled senior analysts to provide quality service to institutional clients.

Research Associates employ a variety of techniques to provide value-added research to our clients including:

  • Building and maintaining financial models for companies under coverage
  • Writing company and industry-specific research reports
  • Communicating with our institutional sales force and providing information to institutional clients
  • Developing relationships with senior management teams
  • Using grass roots research techniques like channel checks and participating in industry trade conferences to learn more about industry trends

Ideal candidates looking to join our research team will have these qualities:

  • Hard working and highly-driven personalities
  • Strong analytical, written and communication skills
  • Mentally quick on your feet, and able to think outside the box
  • Willingness to travel
  • Desire to pursue the Chartered Financial Analyst (CFA) designation
  • An MBA or relevant work experience
  • Advanced knowledge of MS Word, Excel, and Powerpoint

Apply now


How am I assigned to an industry?

Stephens places associates based on department needs, the associate's skills and knowledge of the industry, and the associate's pairing with an industry’s senior analyst.

How much travel is involved?

What are the hours like?

Will I have a good chance at becoming a senior analyst?

The Interview Process

Ready to apply?

Please submit your resume and information, and we'll be in touch if it's a match for our program.