(Senior) Equity Research Analyst - Semiconductors (m/f/d)

Summary

BIT Capital is an asset management firm focused on technology-driven investments and public markets. The Senior Equity Research Analyst will lead fundamental research and coverage of semiconductor companies, develop differentiated investment theses and financial models, and use alternative data, machine learning, and AI to support high-conviction portfolio decisions.

Responsibilities

• Coverage & research. Run bottom-up fundamental research on semiconductor companies worldwide: chipmakers, equipment, materials, memory, and the hardware stack around them
• Asymmetric returns. Surface ideas before consensus, then research, pitch, and defend concentrated, high-conviction positions, carried through to a decision and measured by the alpha they generate
• Quantamental innovation. Combine fundamental judgment with our proprietary alternative data and, alongside our quant team, advanced ML and AI to build actionable models
• Financial modeling. Decompose business models from first principles (Volume x Price x Mix x Margin) and build valuations tailored to each sub-sector's economics
• Networks & conviction. Cultivate relationships with sector experts and management teams, and convert conviction into sized positions

Skills

• You understand the semiconductor industry at both a technical and a business level; adjacent coverage of batteries or consumer devices is a plus
• You have 2+ years researching investments in a relevant sector, ideally semiconductors, 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); fluency with semiconductor cycles or Asian and Chinese names is a bonus
• You hold a strong academic record in a technical field such as Engineering, Computer Science, Physics, or Mathematics

Qualifications

Must Haves

• You understand the semiconductor industry at both a technical and a business level; adjacent coverage of batteries or consumer devices is a plus
• You have 2+ years researching investments in a relevant sector, ideally semiconductors, 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); fluency with semiconductor cycles or Asian and Chinese names is a bonus
• You hold a strong academic record in a technical field such as Engineering, Computer Science, Physics, or Mathematics

Benefits

• Competitive compensation with a meaningful variable component tied to fund performance, plus relocation and visa support if needed.
• A meaningful variable component tied to fund performance
• Relocation and visa support if needed
• Real influence over a concentrated, high-conviction portfolio
• Access to terabytes of data, advanced research tools, and proprietary alternative data
• A motivated, international team with flat hierarchies and direct access to the management team and investors
• Day 1 ownership of challenging, varied work
• A steep learning curve
• A transparent, appreciative feedback culture