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

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 (among many other end markets) as well as engineering and construction/infrastructure-focused companies who also have 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.

• 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.

• 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.

• 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…