Equity Research Senior Associate, U.S. Multi-Industry and Engineering & Construction

Citigroup Inc.; New York (NY); On-site; USD 121,000 - 182,000; Full time

Job summary

Citi’s Equity Research team in New York seeks a Senior Associate to support a lead analyst covering U.S. Multi-Industry and Engineering & Construction sectors.

You will contribute to high-quality investment insights, build financial models, and co-author research publications for institutional clients globally. You will analyze company fundamentals, industry trends, and macro drivers, while leveraging AI tools to enhance workflows and scalability.

Qualifications

• 5–8 years of experience in sell-side equity research or related investment research function.
• Bachelor’s degree in Finance, Accounting, Economics, Business, or related field.
• Strong understanding of financial statements, accounting fundamentals, and corporate finance.
• Experience building financial models and performing company valuation analyses (DCF, comps, precedent transactions).
• Active holding of, or eligibility to obtain, SIE, Series 63, Series 86, and Series 87 licenses.
• Excellent analytical and problem-solving skills.
• High attention to detail with ability to manage multiple priorities in a fast-paced environment.
• Intellectual curiosity and genuine passion for financial markets and investing.
• Ability to learn quickly and develop expertise in a new industry or sector.

Responsibilities

• Build, maintain, and update detailed financial models for companies across the U.S. Multi-Industry and Engineering & Construction sectors, including earnings forecasts, valuation analysis, and scenario modeling to support investment recommendations.
• Draft and co-author equity research publications, including earnings previews and recaps, initiation reports, industry deep dives, thematic research, and other sector-focused content.
• Analyze company fundamentals, industry trends, competitive dynamics, end-market exposures, and relevant market data to identify key investment themes, risks, and opportunities.
• Develop a strong understanding of the key drivers affecting covered companies, including infrastructure and construction spending, capital investment cycles, project activity, pricing, margins, backlog trends, and broader macroeconomic conditions.
• Respond to inquiries from internal and external clients, delivering timely and well-informed perspectives on covered companies and industry developments.
• Coordinate and support investor events, including management meetings, company visits, industry conferences, and calls with industry experts and consultants.
• Apply AI tools and emerging technologies to enhance research workflows, streamline data analysis, and improve the scalability and efficiency of published research.
• 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 judgment, maintaining the integrity of research outputs and adhering to regulatory and ethical standards at all times.

Skills

Equity research

Financial modeling

Investment analysis

Licenses (SIE/63/86/87)

Analytical skills

Attention to detail

Learning ability

Industry knowledge

Regulatory & ethics

Education

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

Job description

Citi’s Equity Research team is looking for a Senior Associate to support the lead analyst covering the U.S. Multi-Industry and Engineering & Construction sectors, 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 investment research, financial models, and client engagement across a diverse group of companies spanning engineering and construction, industrial services, diversified industrials, infrastructure, building and construction-related markets, and other multi-industry businesses. This is an opportunity to combine deep fundamental analysis, financial modeling, industry research, and emerging AI-driven research methods while working within Citi’s globally connected research platform.

Responsibilities

• Build, maintain, and update detailed financial models for companies across the U.S. Multi-Industry and Engineering & Construction sectors, including earnings forecasts, valuation analysis, and scenario modeling to support investment recommendations.
• Draft and co-author equity research publications, including earnings previews and recaps, initiation reports, industry deep dives, thematic research, and other sector-focused content.
• Analyze company fundamentals, industry trends, competitive dynamics, end-market exposures, and relevant market data to identify key investment themes, risks, and opportunities.
• Develop a strong understanding of the key drivers affecting covered companies, including infrastructure and construction spending, capital investment cycles, project activity, pricing, margins, backlog trends, and broader macroeconomic conditions.
• Respond to inquiries from internal and external clients, delivering timely and well-informed perspectives on covered companies and industry developments.
• Coordinate and support investor events, including management meetings, company visits, industry conferences, and calls with industry experts and consultants.
• Apply AI tools and emerging technologies to enhance research workflows, streamline data analysis, and improve the scalability and efficiency of published research.
• 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 judgment, maintaining the integrity of research outputs and adhering to regulatory and ethical standards at all times.

Required Qualifications & Skills

• 5 to 8 years of experience in sell-side equity research or a closely related investment research function.
• Bachelor’s degree in Finance, Accounting, Economics, Business, or a related field.
• 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.
• 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.

Beneficial Skills & Qualifications

• MBA, graduate degree, or CFA designation, demonstrating advanced financial and analytical expertise.
• Familiarity with U.S. Multi-Industry, Engineering & Construction, diversified industrials, infrastructure, industrial services, or related end markets.
• Understanding of industry-specific metrics such as backlog, book-to-bill, project pipelines, capital spending, organic growth, margins, and end-market exposure.
• Hands-on experience applying AI tools or data analytics platforms to investment research or financial analysis workflows.

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 Multi Industrials 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.

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.

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 Statement

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.

Accessibility Statement

If you are a person with a disability and need a reasonable accommodation to use our search tools. View Citi’s EEO Policy Statement and the Know Your Rights poster.