Equity Research Analyst - Technology

UBS; Chicago (IL); On-site; USD 170,000 - 225,000; Full time

Job summary

UBS is seeking an Equity Research Analyst - Technology in Chicago to generate differentiated, bottom-up investment ideas and translate deep analysis into clear investment views for client portfolios.

The role requires 7+ years covering technology names, strong financial modeling, and collaboration with portfolio managers. MBA/CFA preferred; based in Chicago with global team coordination.

Qualifications

• 7+ years of equity research, buy-side, or sell-side experience covering technology companies.
• Strong understanding of software, semiconductors, internet, IT services, digital platforms, cloud computing, AI and emerging tech business models.
• Advanced accounting, valuation, and financial modeling with tech metrics like ARR, revenue retention and unit economics.

Responsibilities

• Generate differentiated bottom-up investment ideas across the technology sector for client portfolios.
• Conduct proprietary research via meetings, calls, conferences, product analysis, filings, and data analysis to form high-conviction views.
• Build and maintain detailed financial and valuation models using tech drivers like revenue growth and margin expansion.
• Translate fundamental analysis into investment recommendations to support portfolio decisions.
• Partner with portfolio managers to move ideas from research into portfolios.
• Assess industry trends, disruption, and long-term growth to develop comprehensive recommendations and risk assessments.
• Communicate insights clearly through written notes and client presentations.

Skills

Equity research experience

Tech sector knowledge

Financial modeling

Idea generation

Industry trends

Analytical storytelling

Communication

Attention to detail

Teamwork

AI curiosity

Education

MBA or CFA preferred

Finance/Economics/Engineering/CS

Job description

Key Responsibilities

Do you want to use your fundamental equity market expertise and portfolio management knowledge to help manage portfolios and identify new investment opportunities? Do you enjoy uncovering what really drives value in technology businesses? Can you turn deep analysis into clear investment views that shape portfolios?

Job Type

Full Time

Job Reference #

342489BR

City

Chicago

Key Responsibilities

Do you want to use your fundamental equity market expertise and portfolio management knowledge to help manage portfolios and identify new investment opportunities? Do you enjoy uncovering what really drives value in technology businesses? Can you turn deep analysis into clear investment views that shape portfolios?

We're looking for an Equity Research Analyst - Technology, to:

• generate differentiated bottom-up investment ideas across the technology sector (e.g., software, semiconductors, internet, IT services, digital platforms, AI and emerging technologies) for our client portfolios
• conduct proprietary research through management meetings, industry expert calls, conferences, product analysis, channel checks, filings, and data analysis to formulate differentiated insights and high-conviction investment views
• build and maintain detailed financial and valuation models, incorporating key technology-specific drivers such as revenue growth, margin expansion, product adoption, recurring revenue trends, and competitive dynamics
• translate detailed fundamental analysis into clear investment recommendations that support portfolio decisions
• partner closely with portfolio managers to move ideas from research into our portfolios
• assess industry trends, technological disruption, competitive positioning, and long-term growth opportunities to develop comprehensive investment recommendations and risk assessments
• communicate insights clearly and succinctly through written notes and presentations to colleagues and clients

The team

You’ll join our global equity team and will be based in either London, New York, or Chicago. Our investment philosophy is focused on identifying high-conviction ideas based on a rigorous assessment of companies’ long-term intrinsic value. You will be working within a team of sector specialists who develop deep domain expertise while sharing insights across regions and strategies. We have a collaborative culture built on disciplined valuation, independent thinking, and constructive debate.

Your Skills And Experience

• ideally 7+ years of equity research, buy-side, or sell-side experience, with direct coverage of technology companies
• strong understanding of software, semiconductors, internet, IT services, digital platforms, cloud computing, AI, and/or emerging technology business models
• advanced accounting, valuation, and financial modeling capabilities, including experience analyzing technology-specific metrics such as ARR, revenue retention, unit economics, user engagement, and operating leverage
• demonstrated ability to originate, structure, and defend investment ideas supported by rigorous analysis
• strong understanding of technology industry trends, competitive dynamics, innovation cycles, and disruptive business models
• strong academic credentials in finance, economics, engineering, computer science, or a related field; MBA or CFA preferred
• experience turning complex analysis into well-supported investment recommendations
• ability to communicate investment views clearly both in writing and in discussion
• critical thinker and self-starter, with a focus on detail and quality of outcomes
• comfortable working closely with others while progressing work independently
• you’re curious to explore how AI can improve how we build, deliver, and optimize workflows. You do this with sound judgment, validating outputs and aligning with policies, risk standards, and ethical use

About Us

UBS is a leading and truly global wealth manager and the leading universal bank in Switzerland. We also provide diversified asset management solutions and focused investment banking capabilities. Headquartered in Zurich, Switzerland, UBS is present in more than 50 markets around the globe.

We know that great work is never done alone. That’s why we place collaboration at the heart of everything we do. Because together, we’re more than ourselves. Want to find out more? Visit ubs.com/careers.

Salary information

The indicative gross base salary range as a full-time equivalent role:

• United States - Illinois - Chicago min USD 170000 - max USD 225000 /annum

The expected salary for this role will be determined by relevant factors which may include but are not limited to, role-required experience, qualifications, education, location and skill level. UBS offers a range of competitive benefits and for further information, please visit ubs.com/employee-benefits. We may, at our sole discretion, provide additional variable compensation or awards.

Join us

At UBS, we know that it's our people, with their diverse skills, experiences and backgrounds, who drive our ongoing success. We’re dedicated to our craft and passionate about putting our people first, with new challenges, a supportive team, opportunities to grow and flexible working options when possible. Our inclusive culture brings out the best in our employees, wherever they are on their career journey. And we use artificial intelligence (AI) to work smarter and more efficiently. We also recognize that great work is never done alone. That’s why collaboration is at the heart of everything we do. Because together, we’re more than ourselves.

We’re committed to disability inclusion and if you need reasonable accommodation/adjustments throughout our recruitment process, you can always contact us.

Contact Details

UBS Business Solutions SA

UBS Recruiting

Disclaimer / Policy statements

UBS is an Equal Opportunity Employer. We respect and seek to empower each individual and support the diverse cultures, perspectives, skills and experiences within our workforce.