Note: The job is a remote job and is open to candidates in USA. BIT Capital is a dynamic asset management firm focused on technology-driven investments. They are seeking an Equity Research Analyst - Semiconductors to conduct in-depth research and analysis on semiconductor companies, contributing to a high-conviction portfolio and generating investment ideas.
Responsibilities
- Run bottom-up fundamental research on semiconductor companies worldwide: chipmakers, equipment, materials, memory, and the hardware stack around them
- Own news and data monitoring across your sectors, surfacing and defending alpha opportunities before consensus
- Decompose business models from first principles (Volume x Price x Mix x Margin) and build models tailored to each sub-sector's economics
- Make our alternative data, AI, and quantitative capabilities integral to your research: know when a signal is real, when it is noise, and how it ties back to the P&L
- Cultivate relationships with sector experts and management teams, and convert conviction into sized positions in the book
Skills
- You understand the semiconductor industry at both a technical and a business level
- You have 2+ years researching investments in the semiconductors sector, on the buy-side or in a research-heavy environment (equity research, private equity, or investment banking)
- You have a track record of differentiated investment writing: a contrarian view you sized and defended under pushback, ideally a thesis you can point to
- You are comfortable with alternative datasets and basic data tools (Python or SQL)
- You hold a strong academic record in a technical field such as Engineering, Computer Science, Physics, or Mathematics
- Adjacent coverage of batteries or consumer devices is a plus
- Fluency with semiconductor cycles or Asian and Chinese names is a bonus
Benefits
- Competitive compensation with a meaningful variable component tied to fund performance
- Relocation and visa support if needed
- Work with terabytes of data, cutting-edge research tools, and proprietary alternative data you will not find at traditional asset managers
- A motivated, highly international team (15 nationalities) with flat hierarchies and direct access to our management team and investors
- Day 1 ownership of challenging, varied work, a steep learning curve, and a transparent, appreciative feedback culture
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