Equity Research Associate – Industrials Multi-Industry

About the role

BMO Capital Markets is a leading, full-service North American-based financial services provider, with over 2,700 professionals in 30+ locations around the world, including 20 offices in North America, offering corporate, institutional and government clients access to a complete range of investment and corporate banking products and services. BMO Capital Markets is a member of BMO Financial Group (NYSE, TSX: BMO), one of the largest diversified financial services providers in North America with US$1.1 trillion total assets and approximately 53,000 employees as of April 30, 2026. The Equity Research department covers over 900 stocks across diverse sectors, and provides equity strategy, quantitative analysis and portfolio management services to clients. The US Equity Research department consists of 31 analysts and 50 associates, covering over 500 stocks.

We are seeking an Equity Research Associate to join our Industrial Multi-Industry team. The associate will work closely with the senior analyst to develop and market all equity research products. This role requires strong analytical and critical thinking skills, a passion for the stock market, keen attention to detail, and a strong work ethic. The work environment involves collaboration, coordination and a shared knowledge base with the analyst but equally values independence, initiative, idea generation and a sense of ownership for the work.

Our ideal candidate has strong accounting and/or finance skills, an interest in understanding stocks, and is eager to join a fast-paced equity research team with particular interest in the industrials industry. Equity research experience is a plus, but not required, as well as requisite license exams (SIE, Series 7, 63, 86, 87) and/or the CFA.

Responsibilities

• Building and maintaining detailed company models (IS/BS/CF)
• Analyzing financial statements and news related to industry coverage
• Analyze company filings (10-K, 10-Q, earnings releases) and company transcripts
• Writing equity research reports and over time, formulating investment theses
• Participation in site visits and management meetings
• Maintaining and analyzing industry data
• Communicating investment recommendations to internal and external clients

Qualifications

• Exceptional written and verbal communication skills
• Strong organizational skills and comfort managing various priorities
• Client service mindset and ability to prioritize client needs with accuracy
• Over time, ability to interact professionally with company management teams and clients (analysts and portfolio managers)
• A keen interest in and demonstrated understanding of Equity Research
• A positive attitude, intellectual curiosity, the ability to learn quickly and strong attention to detail
• Superior work ethic, self-motivation and the ability to work independently
• Ability to systematically manage a heavy work load and meet stringent deadlines
• Flexibility to work irregular and extended hours
• Solid technology skills with robust knowledge of Excel, Word, PowerPoint, Bloomberg and/or FactSet
• Demonstrated use of AI in the workplace
• CFA is a plus
• Prior industry experience in the multi-industrials industry is not required but could be a benefit
• Candidates must have a clear and proven track record of achievement throughout their education and career

Bachelor’s degree is required. A post-secondary degree in a related field of study is a plus. A combination of writing skills, technical knowledge and skills in equity research, finance or accounting demonstrated through relevant work and educational experience is required.

Pay

The salary range for this role is $110,000 up to $140,000 USD (subject to the candidate meeting the specific skills, experience, education, and qualification requirements). Pay Type: Salaried. Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure. BMO Financial Group’s total compensation package will vary based on the pay type of the position and may include performance-based incentives, discretionary bonuses, as well as other perks and rewards.

Benefits

• Health insurance
• Tuition reimbursement
• Accident and life insurance
• Retirement savings plans

For more details, visit https://jobs.bmo.com/global/en/Total-Rewards.