Equity Research Associate (Semis, Networking, Hardware, Quantum)

Citi; New York (NY); Hybrid; USD 121,000 - 182,000; Full time

Benefits offered by this job

Hybrid work model

Professional development support

Wellbeing programs

Competitive compensation

Job summary

Citi's Equity Research team is seeking an Associate with a foundational background in finance and a strong interest in investing. This role targets early-career professionals with roughly 1–2 years of experience who want to build a long-term equity research career, learning directly from senior analysts.

You’ll develop company expertise, financial modeling, and investment insights while covering dynamic technology subsectors. Prior tech coverage is not required.

Qualifications

• 1–5 years of experience in Equity Research or related financial markets.
• Strong understanding of financial statements and corporate finance.
• Experience building financial models and valuation analyses (DCF, comps).
• SIE and Series licenses eligibility.
• Bachelor’s degree in Finance, Accounting, Economics, Business, or related field.
• Excellent analytical and communication skills.

Responsibilities

• Support senior analysts in researching companies across Technology & Communications.
• Build and maintain financial models, valuation analyses, and earnings forecasts.
• Analyze company financials, industry trends, and market developments.
• Assist with writing research reports and investment recommendations.
• Participate in earnings calls, meetings, and investor events.
• Monitor news and results to identify investment opportunities and risks.
• Prepare presentation materials for client discussions.
• Collaborate with senior analysts to deepen sector expertise.

Skills

Financial modeling

Valuation analyses

Analytical skills

Written communication

Detail-oriented

Learning quickly

Investing interest

Education

Bachelor’s degree in Finance/Accounting/Economics/Business

Tools

Bloomberg Terminal

FactSet

Capital IQ

Job description

Citi's Equity Research team is looking for an Associate with strong financial fundamentals, intellectual curiosity and a genuine interest in investing.

This opportunity is ideal for early-career professionals with approximately 1–2 years of experience who are looking to build a long-term career in Equity Research while learning directly from experienced senior analysts.

You’ll develop company expertise, financial modeling skills, and investment insights while covering one of the most dynamic sectors in the global market.

Previous experience covering the Technology sector is not required, we welcome candidates from other industries who are excited to learn and transition into areas such as Semis, Networking, Hardware, Quantum and other technology subsectors.

Responsibilities

• Support senior analysts in researching companies across the Technology & Communications sector.
• Build and maintain financial models, valuation analyses, and earnings forecasts.
• Analyze company financial statements, industry trends, competitive positioning, and market developments.
• Assist with writing research reports, earnings previews and recaps, thematic reports, and investment recommendations.
• Participate in earnings calls, company meetings, industry conferences, and investor events.
• Monitor news flow, financial results, and industry developments to identify investment opportunities and risks.
• Prepare presentation materials and research supporting client discussions.
• Collaborate closely with senior analysts while developing deeper sector expertise and research skills.
• Contribute to a collaborative team environment while maintaining high standards of accuracy, integrity, and professional

Required Qualifications & Skills

• 1 to 5 years of experience in Equity Research, Investment Banking, Corporate Finance, Asset Management, Valuation, or another financial markets-related role.
• Strong understanding of financial statements, accounting fundamentals, and corporate finance.
• Experience building financial models and performing company valuation analyses (DCF, comparable companies, precedent transactions, or similar methodologies).
• Active holding of, or eligibility to obtain, SIE, Series 63, Series 86, and Series 87 licenses.
• Excellent analytical and problem-solving skills.
• Strong written and verbal communication skills.
• High attention to detail with the ability to manage multiple priorities in a fast-paced environment.
• Intellectual curiosity and a genuine passion for financial markets and investing.
• Ability to learn quickly and develop expertise in a new industry or sector.
• Bachelor’s degree in Finance, Accounting, Economics, Business, or a related field.

Beneficial Skills & Qualifications

• Experience using Bloomberg Terminal, FactSet, Capital IQ, or similar financial platforms.
• Progress toward the CFA designation is a plus, but not required.
• Interest in the Technology & Communications sector demonstrated through professional experience, academic work, personal investing, research, or continuous learning.

What We Offer

At Citi, you will work alongside a team of experienced research professionals operating at the forefront of the global technology sector, with access to the resources, relationships, and reach of one of the world's leading financial institutions.

We are committed to supporting your long-term career growth, professional development, and overall wellbeing.

• Hybrid working model with 3 days in the office and 2 days working remotely, giving you flexibility and structure in equal measure.
• Strategic influence over how Citi's Technology & Communications research reaches institutional clients and shapes market perspectives globally.
• Access to senior leadership, global industry networks, and cross-functional collaboration across Citi's research and investment banking franchise.
• Ongoing learning and professional development opportunities, including support for advanced qualifications and continuing education.
• Wellbeing support and work-life balance resources designed to sustain long-term performance and personal resilience.
• Competitive compensation and financial wellbeing benefits, including access to Citi's broader employee financial programmes.

Job Family Group:

Research

Job Family:

Research Analysis

Time Type:

Full time

Primary Location:

New York New York United States

Primary Location Full Time Salary Range:

$121,200.00 - $181,800.00

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. Citi also offers paid time off packages, including planned time off (vacation), unplanned time off (sick leave), and paid holidays. For additional information regarding Citi employee benefits, please visit citibenefits.com. Available offerings may vary by jurisdiction, job level, and date of hire.

Most Relevant Skills

Please see the requirements listed above.

Other Relevant Skills

For complementary skills, please see above and/or contact the recruiter.

Anticipated Posting Close Date:

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

Equal Opportunity Employer

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.