Investment Banking Associate - Healthcare

Citi; San Francisco (CA); Hybrid; USD 175,000 - 225,000; Full time

Benefits offered by this job

Hybrid work model (3 days in office, 2

Medical, dental & vision coverage

401(k)

Life, accident & disability insurance

Wellbeing programs

Paid time off and holidays

Job summary

Citi is seeking an experienced Investment Banking Senior Associate to join the Healthcare Investment Banking team in San Francisco. You will lead transaction execution for mergers, acquisitions, and capital markets within Citi's Institutional Banking group.

You will develop and deliver valuation models, interact with clients, and mentor analysts while maintaining regulatory and ethical standards. The role offers a hybrid work model and exposure to high-profile healthcare transactions.

Qualifications

• 5–8 years in investment banking, capital markets, or advisory.
• Bachelor’s degree in Finance, Business Admin, or equivalent.
• FINRA Series 79 and 63 current or obtainable.
• Strong ability to build/interpret complex financial models.
• Experience across M&A and capital raises.

Responsibilities

• Lead execution of M&A and capital-raising transactions for healthcare clients.
• Develop and present financial models, valuations, and deal structures.
• Serve as daily client contact, guiding advisory relations and new business development.
• Analyze industry trends to support proposals and pitches.
• Mentor analysts and manage workstreams across deal stages.
• Evaluate transaction structures with sound commercial judgment.
• Uphold Citi's regulatory and ethical standards.

Skills

Financial modeling

M&A experience

Capital markets

Client advisory

Regulatory/compliance awareness

Series licenses

Education

Bachelor's degree in Finance or Business Administration

Job description

Citi is looking for an experienced Investment Banking Senior Associate to join its Healthcare Investment Banking team, where you will play a central role in advising clients on mergers, acquisitions, and capital markets transactions that shape the future of the healthcare sector. Working within Citi's Institutional Banking group, you will bring strategic insight and financial expertise to high-profile transactions, acting as a trusted advisor to clients navigating complex corporate decisions. This is an opportunity to build meaningful client relationships, lead transaction execution, and contribute directly to growing Citi's healthcare franchise.

Responsibilities

• Lead the execution of mergers, acquisitions, and capital raising transactions for healthcare sector clients, managing deal processes from inception through to close.
• Develop and deliver financial analyses, valuation models, and transaction structures that support client decision-making and advisory recommendations.
• Serve as a day-to-day point of contact for clients, building trusted advisory relationships and contributing to new business development efforts across the healthcare industry.
• Analyze industry trends, market dynamics, and competitive landscapes to generate actionable insights that strengthen client proposals and pitches.
• Mentor and guide analysts through the transaction process, providing clear direction on workstreams, managing information flow, and delivering constructive feedback to support their development.
• Identify and evaluate corporate transaction structures, applying sound commercial judgment to assess risks and opportunities at each stage of the deal cycle.
• Uphold regulatory and conduct standards throughout all business activities, ensuring client engagements and internal processes meet compliance requirements and reflect Citi's commitment to ethical practice.

Required Qualifications & Skills

• 5 to 8 years of experience in investment banking, capital markets, or a closely related financial advisory function.
• Bachelor's degree in Finance, Business Administration, or an equivalent field.
• FINRA Series 79 and Series 63 licenses - current or ability to obtain.
• Demonstrated ability to construct and interpret complex financial models and analyses to support transaction execution and client recommendations.
• Experience evaluating corporate transactions and deal structures across a range of transaction types, including M&A and capital raises.
• Clear and effective communicator, with the ability to present complex financial information concisely to both clients and internal stakeholders.
• Proven ability to manage multiple workstreams simultaneously, coordinating across teams and tracking deliverables in a fast-paced, deadline-driven environment.

Beneficial Skills & Qualifications

• Sector knowledge or direct advisory experience within the healthcare industry, including familiarity with healthcare sub-sectors such as biopharma, medtech, or healthcare services.
• Experience supporting client development activities, including contributing to pitch preparation and business development pipeline management.
• Ability to research and synthesize industry data to identify market trends and inform strategic client conversations.

What We Offer

At Citi, you will work alongside experienced professionals on high-impact transactions that matter to clients and to the broader healthcare sector. We offer a collaborative and performance-driven environment where your contributions are recognized and your career can grow in meaningful directions.

• A hybrid working model that balances 3 days in the office and 2 days working remotely, supporting a sustainable and productive working rhythm.
• Direct exposure to complex, market-leading transactions across the healthcare sector, giving you the breadth of deal experience to advance your career.
• Access to structured learning and professional development opportunities to sharpen both your technical and client advisory capabilities.
• The opportunity to mentor and develop analysts, building your leadership presence within a high-performing team.
• Competitive financial rewards and a comprehensive benefits package designed to support your long-term financial wellbeing.
• Wellbeing support and family-friendly policies that help you maintain balance across the demands of a senior advisory role.
• A global platform and institutional reach that gives your work real influence, connecting you to clients and colleagues across Citi's international network.

Job Family Group:

Institutional Banking

Job Family:

Investment Banking

Time Type:

Full time

Primary Location:

CA-ONE MARKET PLAZA

Primary Location Full Time Salary Range:

$175,000.00 - $225,000.00

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.

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.

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.

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