Research Analyst (Market & Industry Research) About Millstone Partners Millstone Partners is an independent M&A boutique focused on executing transactions and raising strategic and financial capital. The firm operates in partnership with New Venture Brokerage (NVB), a licensed investment company in Armenia. The partners combine expertise in private equity, corporate finance, and valuation to address complex business challenges. Millstone Partners is seeking a Research Analyst to join its Research Practice - an internal analytical function focused on global market analysis, proprietary investment insights, and long-term macro and industry trends. Role Overview The Research Analyst will produce recurring macroeconomic and industry research that supports the firm’s market presence and long-term business development. The role includes 10–20% involvement in M&A and capital raising workstreams. Key Responsibilities Research production (primary focus) - Prepare recurring macroeconomic and industry reports using quantitative and qualitative analysis. - Analyze industry structure, value chains, regulation, and competitive landscapes. - Synthesize information into clear deliverables (reports, briefs, sector snapshots). - Ensure accuracy, source discipline, and clarity. End-to-end research ownership - Manage the full research process: scope definition, data collection, analysis, and final output. - Maintain and improve research templates, datasets, and documentation. Primary & secondary research - Review and synthesize third-party publications and datasets. - Conduct interviews with market participants and maintain a research contact base. Research strategy & pipeline - Contribute to research coverage priorities and production calendar. - Propose relevant research topics and develop outreach pipelines. M&A / capital raising support (10–20%) - Provide market insights for teasers, pitchbooks, and investor materials. - Support comparable company/transaction screening and analytical tasks. Candidate Requirements - 1-2+ years of relevant experience. - Bachelor’s degree in Finance, Economics, or related field. - Languages: English (advanced), Russian (professional), Armenian is a plus. - Advanced MS Office skills. - Strong analytical writing and structured thinking. - Team collaboration and presentation skills. - Proactivity, ownership, and ability to meet deadlines. - Ability to explain methodology and decision logic using real cases. Strong plus - Advanced Excel and financial modeling skills. - Executive-level PowerPoint skills. - Primary research / interview experience. Compensation & Benefits - Office-based role in Yerevan (hybrid possible). - Competitive compensation + quarterly performance bonus. - Medical insurance. - Training & professional development reimbursement (after 6 months). - Team-building events. To apply: please send your CV to levon.kharatian@millstone.partners or via telegram @levonkharatyan