Equity Research Senior Associate, Biotech

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

Benefits offered by this job

Hybrid work model

Global research platform access

Professional development and AI skills

Job summary

Citi's Equity Research team in New York is seeking a Senior Associate to support the lead analyst covering Biotech Services, delivering independent investment insights to institutional clients globally. You will shape research publications, financial models, and client engagement on a dynamic sector.

This role blends deep sector analysis with AI-driven research methods and direct client impact within a globally connected team, offering exposure to senior leadership and opportunities for

Qualifications

• 2 to 10 years of experience in sell-side equity research focused on Biotech Services or a closely aligned sector.
• Bachelor's degree or equivalent in finance, economics, or a related field.
• Demonstrated ability to build and maintain complex financial models with a strong command of accounting principles and valuation frameworks.
• Experience supporting senior research analysts, including preparation of research materials and client-facing communications.
• Excellent written and verbal communication skills, with the ability to translate complex financial analysis into clear, compelling research narratives.
• Active holding of, or eligibility to obtain within 180 days, SIE, Series 63, Series 86, and Series 87 licenses.
• High attention to detail and the ability to manage multiple priorities accurately under time-sensitive conditions.

Responsibilities

• Build, maintain, and update detailed financial models for Biotech Services sector companies, including relative value analysis, earnings forecasts, and scenario modelling.
• Draft and co-author equity research publications including earnings previews and recaps, initiation reports, and thematic deep-dive notes for distribution to institutional clients.
• Respond to inquiries from internal and external clients, delivering timely and well-informed perspectives on Biotech Services sector developments and covered companies.
• Coordinate and support investor events including management meetings, company field trips, and industry consultant calls, ensuring seamless execution and strong client experience.
• Apply AI tools and emerging technologies to enhance research workflows, streamline data analysis, and improve the quality and efficiency of published outputs.
• Mentor and support junior team members, contributing to a high-performing research environment through knowledge sharing and day-to-day guidance.
• Evaluate business and investment decisions with sound judgement, maintaining the integrity of research outputs and adhering to regulatory and ethical standards at all times.

Skills

Sell-side equity research

Biotech Services focus

Financial modeling

Client communications

Regulatory compliance

Licensing (SIE, Series 63/86/87)

Attention to detail

Education

Bachelor's degree or equivalent in finance, economics, or related field

MBA/CFA (beneficial)

Job description

Citi's Equity Research team is looking for a Senior Associate to support the lead analyst covering the Biotech Services sector, contributing to the delivery of high-quality, independent investment insights to institutional clients globally. In this role, you will play a meaningful part in shaping research publications, financial models, and client engagement for one of the most dynamic sectors in today's market. This is an opportunity to work at the intersection of deep sector analysis, AI-driven research methods, and direct client impact within a globally connected team.

Responsibilities

• Build, maintain, and update detailed financial models for the Biotech Services sector companies, including relative value analysis, earnings forecasts, and scenario modelling to support investment recommendations.
• Draft and co-author equity research publications including earnings previews and recaps, initiation reports, and thematic deep-dive notes for distribution to institutional clients.
• Respond to inquiries from internal and external clients, delivering timely and well-informed perspectives on Biotech Services sector developments and covered companies.
• Coordinate and support investor events including management meetings, company field trips, and industry consultant calls, ensuring seamless execution and strong client experience.
• Apply AI tools and emerging technologies to enhance research workflows, streamline data analysis, and improve the quality and efficiency of published outputs.
• Mentor and support junior team members, contributing to a high-performing research environment through knowledge sharing and day-to-day guidance.
• Evaluate business and investment decisions with sound judgement, maintaining the integrity of research outputs and adhering to regulatory and ethical standards at all times.

Required Qualifications & Skills

• 2 to 10 years of experience in sell-side equity research experience, with a focus on Biotech Services or a closely aligned sector.
• Bachelor's degree or equivalent experience in finance, economics, or a related field.
• Demonstrated ability to build and maintain complex financial models with a strong command of accounting principles and valuation frameworks.
• Experience supporting senior research analysts, including preparation of research materials and client-facing communications.
• Excellent written and verbal communication skills, with the ability to translate complex financial analysis into clear, compelling research narratives.
• Active holding of, or eligibility to obtain within 180 days, SIE, Series 63, Series 86, and Series 87 licenses.
• High attention to detail and the ability to manage multiple priorities accurately under time-sensitive conditions.

Beneficial Skills & Qualifications

• MBA, graduate degree, or CFA designation, demonstrating advanced financial and analytical expertise.
• Significant recent performance in external analyst surveys across the Biotech Services sector, evidencing market recognition of research quality and client impact.

What We Offer

Joining Citi's Equity Research team means working alongside experienced analysts on a global platform, with the tools, access, and support to develop your expertise and deliver meaningful impact for clients.

• A hybrid working model offering 3 days in the office and 2 days working remotely, providing flexibility without compromising team collaboration.
• Direct exposure to senior research leadership and institutional clients, accelerating your professional development within sell-side equity research.
• Access to Citi's global research platform, providing scale, resources, and cross-sector connectivity that few firms can offer.
• Ongoing learning and development opportunities, including support for professional qualifications and emerging research methodologies including AI.
• Competitive compensation and a comprehensive benefits package reflective of a senior individual contributor role at a leading global financial institution.

Job Family Group:

Research

Job Family:

Research

Time Type:

Full time

Primary Location:

New York New York United States

Primary Location Full Time Salary Range:

$121,200.00 - $181,800.00

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.

Anticipated Posting Close Date:

Aug 26, 2026

Automated Processing and AI

We use automated processing, including artificial intelligence, for our legitimate business interests (or our reasonable