Equity Research Analyst, SMID Biotech

Citi is looking for an Equity Research Analyst to lead high-profile coverage across the SMID Biotech sector, delivering thought-leading research that shapes how global institutional clients and internal partners make strategic investment decisions. This is a senior, high-visibility role within Citi's Equity Research platform, offering the opportunity to build market-leading recognition and drive meaningful impact across Citi's domestic and international franchise.

Responsibilities

• Lead coverage of a portfolio of high-profile SMID Biotech stocks, producing differentiated, thought-leading research that earns top-tier client recognition across the sector.
• Develop and sustain relationships with global institutional clients, senior company executives, and senior investment bankers to support and expand all aspects of Citi's research franchise.
• Market research ideas and sector-specific investment products to domestic and international institutional clients, driving engagement and deepening client relationships.
• Collaborate closely with Sales and Trading partners to ensure research insights are effectively integrated into Citi's broader client delivery platform.
• Conduct in-depth quantitative and qualitative analysis to generate innovative investment perspectives that go beyond consensus views and current market assumptions.
• Identify and communicate sector trends early, adapting research strategy to capture emerging opportunities and maintain a competitive edge in coverage quality.
• Assess risk considerations in all research decisions, ensuring alignment with regulatory requirements, firm policies, and sound professional judgment.

Requirements

• 15 or more years of equity research experience, with a demonstrable focus on the biotech or life sciences sector.
• Recognized standing as a top three sector analyst, supported by a strong base of institutional client references.
• Meaningful recent success in external industry surveys, reflecting consistent peer and client recognition across the sector.
• Direct involvement in successful corporate transactions or significant sector events within recent years.
• Demonstrated ability to develop and deliver independent, original investment thinking with measurable client impact.
• Active holding of, or eligibility to obtain, the Securities Industry Essentials (SIE), Series 63, Series 86, and Series 87 licenses.
• Bachelor's degree or equivalent from a recognized university.

Qualifications

• MBA or CFA designation, demonstrating advanced analytical and financial expertise.
• Master's degree in a relevant discipline, providing deeper subject matter grounding.
• Experience producing collaborative global research in partnership with cross-regional teams, with evidence of broad market reach and readership.

Benefits

• Opportunities to grow your career locally and collaborate with colleagues across Citi's global network.
• A hybrid working model that balances in-office collaboration with remote flexibility.
• Investment in your professional development through training programs, mentorship, and skill-building opportunities.
• Employee wellbeing support including medical coverage, mental health resources, parental leave, and family support programs.
• Competitive retirement contributions and investment options to support your long-term financial goals.
• Medical, dental, and vision coverage.
• 401(k) plan with employer contributions.
• Life, accident, and disability insurance.
• Wellness programs.
• Paid time off packages, including vacation, sick leave, and holidays.

Pay

Primary Location Full Time Salary Range: $200,000.00 - $300,000.00. In addition to salary, Citi’s offerings may also include, for eligible employees, discretionary and formulaic incentive and retention awards.

Schedule

Full time, hybrid working model.

Primary Location: New York, New York, United States.