Equity Research Senior Associate - Telecommunications / Data Centers

Citi's Equity Research team is looking for a Senior Associate to support coverage of the Telecommunications / Data Centers sector, delivering high-quality investment insights that shape the decisions of equity investors across the globe. Based within a team recognized for its independence, objectivity, and analytical depth, you will play a meaningful role in producing research, engaging clients, and driving analytical excellence across one of the most dynamic areas in global markets. This is an opportunity to bring your equity research expertise to an environment where your work directly informs investment decisions and client relationships at a global scale.

Responsibilities

• Produce equity research publications across the Telecommunications / Data Centers sector, including earnings previews and recaps, initiation reports, and in-depth thematic notes.
• Build, maintain, and enhance financial models for covered companies, developing new frameworks and sustaining relative value analysis to support ongoing research coverage.
• Advise internal and external clients on sector developments, delivering timely, accurate, and well-reasoned analysis in response to investment inquiries.
• Partner with the lead analyst to develop research ideas and translate complex financial data into clear, actionable investment insights for a global client base.
• Coordinate investor events including management meetings, field trips, and industry consultant calls, ensuring seamless execution and a high-quality client experience.
• Assess the reputational and regulatory context of business decisions, maintaining Citi's standards of compliance and ethical conduct across all research activities.
• Mentor junior team members and contribute to a high-performance research culture grounded in knowledge sharing and analytical rigor.

Required Qualifications & Skills

• 5 to 8 years of experience in equity research or a closely related investment analysis role.
• Solid grounding in accounting principles and financial modelling applied within an equity research context.
• Demonstrated experience supporting senior equity research analysts in a fast-paced, client-facing environment.
• Excellent written and verbal communication skills, with the ability to articulate complex investment ideas clearly and persuasively to a range of audiences.
• Strong attention to detail, with the ability to manage and validate complex, multi-source financial data accurately.
• Active FINRA licenses — SIE, Series 63, Series 86, and Series 87 — or a confirmed commitment to obtain and maintain these licenses upon joining.
• Bachelor's degree or equivalent experience in a relevant field.

Beneficial Skills & Qualifications

• MBA, graduate degree, or CFA designation — or active progress toward completing one.
• Sector knowledge or prior coverage experience within Communication Services, Infrastructure, or adjacent industries.
• Experience in an informal leadership capacity within a research team, including involvement in coaching or onboarding colleagues.

What We Offer

• 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 well-being 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.

Apply today and bring your equity research expertise to a global team where your analysis directly shapes the investment decisions of clients around the world.

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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.

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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

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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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View Citi’s EEO Policy Statement and the Know Your Rights poster.