Equity Research Analyst, SMID Biotech

Citi; New York (NY); Hybrid; USD 200,000 - 300,000; Full time

Benefits offered by this job

Hybrid work model

Competitive compensation

Professional development programs

Medical coverage and wellness benefits

Retirement plan and contributions

Job summary

Citi is seeking an Equity Research Analyst to lead high-profile coverage across the SMID Biotech sector, delivering differentiated research that informs investment decisions for global institutional clients and Citi’s internal partners. This senior role within Citi’s Equity Research platform offers visibility and impact across domestic and international franchises.

Responsibilities include leading coverage, building client relationships, and collaborating with Sales and Trading to integrate

Qualifications

• 15+ years of equity research experience in biotech or life sciences.
• Top-tier sector analyst with strong client references.
• Recent success in industry surveys or awards is a plus.
• Experience in corporate transactions or sector events is desirable.
• Ability to deliver independent, original investment thinking with client impact.
• SIE/Series 63/86/87 licenses or eligibility.
• Bachelor’s degree or equivalent from a recognized university.

Responsibilities

• Lead coverage of a SMID Biotech equity universe with differentiated research.
• Build and sustain relationships with global institutional clients and internal partners.
• Develop sector ideas and investment products for domestic and international clients.
• Collaborate with Sales and Trading to integrate research insights into client delivery.
• Conduct quantitative and qualitative analysis to provide unique investment perspectives.
• Identify sector trends early and adapt research strategy accordingly.
• Assess risk and ensure compliance with regulations and firm policies.

Skills

Equity research experience

Biotech focus

Client engagement

Independent research thinking

Regulatory and licensing awareness

Education

Bachelor's degree or equivalent

MBA/CFA beneficial

Job description

Citi is looking for an Equity Research Analyst to lead high-profile coverage across the SMID Biotech sector, delivering thought‑leading research that shapes how global institutional clients and internal partners make strategic investment decisions. This is a senior, high-visibility role within Citi's Equity Research platform, offering the opportunity to build market‑leading recognition and drive meaningful impact across Citi's domestic and international franchise.

Responsibilities

• Lead coverage of a portfolio of high-profile SMID Biotech stocks, producing differentiated, thought‑leading research that earns top‑tier client recognition across the sector.
• Develop and sustain relationships with global institutional clients, senior company executives, and senior investment bankers to support and expand all aspects of Citi's research franchise.
• Market research ideas and sector‑specific investment products to domestic and international institutional clients, driving engagement and deepening client relationships.
• Collaborate closely with Sales and Trading partners to ensure research insights are effectively integrated into Citi's broader client delivery platform.
• Conduct in‑depth quantitative and qualitative analysis to generate innovative investment perspectives that go beyond consensus views and current market assumptions.
• Identify and communicate sector trends early, adapting research strategy to capture emerging opportunities and maintain a competitive edge in coverage quality.
• Assess risk considerations in all research decisions, ensuring alignment with regulatory requirements, firm policies, and sound professional judgment.

Required Qualifications & Skills

• 15 or more years of equity research experience, with a demonstrable focus on the biotech or life sciences sector.
• Recognized standing as a top three sector analyst, supported by a strong base of institutional client references.
• Meaningful recent success in external industry surveys, reflecting consistent peer and client recognition across the sector.
• Direct involvement in successful corporate transactions or significant sector events within recent years.
• Demonstrated ability to develop and deliver independent, original investment thinking with measurable client impact.
• Active holding of, or eligibility to obtain, the Securities Industry Essentials (SIE), Series 63, Series 86, and Series 87 licenses.
• Bachelor's degree or equivalent from a recognized university.

Beneficial Skills & Qualifications

• MBA or CFA designation, demonstrating advanced analytical and financial expertise.
• Master's degree in a relevant discipline, providing deeper subject matter grounding.
• Experience producing collaborative global research in partnership with cross‑regional teams, with evidence of broad market reach and readership.

What We Offer

• Opportunities to grow your career locally and collaborate with colleagues across Citi's global network.
• A hybrid working model that balances in‑office collaboration with remote flexibility.
• Investment in your professional development through training programs, mentorship, and skill‑building opportunities.
• Employee wellbeing support including medical coverage, mental health resources, parental leave, and family support programs.
• Competitive retirement contributions and investment options to support your long‑term financial goals.

In addition to salary, Citi’s offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards.

Citi offers competitive employee benefits, including: medical, dental & vision coverage; 401(k); life, accident, and disability insurance; and wellness programs.

Automated Processing and AI

We use automated processing, including artificial intelligence, for our legitimate business interests (or our reasonable and appropriate business purposes) to identify and align the candidate's skills and abilities with a specific job opening. Additionally, if you so choose, or consent, we can match your skills and abilities to other suitable roles at Citi.

Importantly, all our hiring processes and decisions, including determining your suitability for a role, are conducted, checked, and decided by individuals. Our automated processing and AI do not involve relying on automatic or autonomous decision‑making. Please refer to any Jurisdictional Considerations, with specific provisions for your country (where relevant) for further details.

Illinois residents – AI Notice and Right

Citi is an equal opportunity employer, and qualified candidates will receive consideration without regard to their race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other characteristic protected by law.

If you are a person with a disability and need a reasonable accommodation to use our search tools and/or apply for a career opportunity review Accessibility at Citi.

View Citi’s EEO Policy Statement and the Know Your Rights poster.

Anticipated Posting Close Date: Aug 19, 2026

Time Type: Full time

Primary Location: New York New York United States

Primary Location Full Time Salary Range: $200,000.00 - $300,000.00