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

About the role

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 “Multi-Industry” companies spanning important industrial end markets such as technology (data centers), power, construction, energy, and aerospace markets as well as engineering and construction/infrastructure-focused companies with diverse exposure across industrial markets. 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.

Benefits

• Hybrid working model with 3 days in the office and 2 days working remotely.
• 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 programs.

Pay

Primary Location Full Time Salary Range: $150,000.00 – $175,000.00. In addition to salary, Citi’s offerings may include, for eligible employees, discretionary and formulaic incentive and retention awards.

Schedule

Full time. Hybrid working model with 3 days in the office and 2 days working remotely.