Equity Research Associate - Medical Supplies & Devices

Application Deadline: 06/09/2026 Address: 151 W 42nd Street Job Family Group: Customer Solutions About BMO Capital Markets BMO Capital Markets is a leading, full-service North American-based financial services provider offering equity and debt underwriting, corporate lending and project financing, merger and acquisitions advisory services, securitization, treasury management, market risk management, debt and equity research and institutional sales and trading. BMO Capital Markets has over 2,700 professionals in 30+ locations around the world, including 20 offices in North America. 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 October 31, 2025. #bmocapitalmarkets Description: We are seeking two Equity Research Associates to join our Medical Supplies & Devices team. The associates will work closely with the senior analyst to develop and market all equity research products. Both roles require strong analytical / critical thinking skills, a passion for the stock market, keen attention to detail, and a strong work ethic. The work environment involves collaboration, co-ordination and a shared knowledge base with the analyst and rest of the team but equally values independence, initiative, idea generation and a sense of ownership for the work. Ideal Candidate: Ideally, our team will consist of two associates as follows: A Senior Associate who has 1-2 years of equity research experience, prior industry knowledge, and the requisite research licenses (SIE, Series 7, 63, 86, 87); and an Associate who has strong technical skills and is eager to join an equity research team (licenses or prior experience for the second associate is a plus, but not required). Responsibilities include, but are not limited to: Building and maintaining detailed company models (IS/BS/CF) Building and maintaining market and product specific models Analyzing financial statements and news related to industry coverage Writing equity research reports and over time, formulating investment theses Keeping current on healthcare trends and industry dynamics Participation in site visits and management meetings Maintaining and analyzing industry data Communicating investment recommendations to internal and external clients Experience/Skills: A combination of exceptional writing skills, technical knowledge and skills in equity research, finance or accounting demonstrated through relevant work and educational experience is required. Prior industry experience in the healthcare is a strong plus. Candidates must have a clear and proven track record of achievement throughout their education and career. Other necessary attributes include: Exceptional written and verbal communication skills 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 or extended hours Solid technology skills with robust knowledge of Excel, Word, PowerPoint, Bloomberg Clinical & regulatory literacy (understanding of the FDA approval landscape, ability to interpret clinical trial data) Familiarity with the “Payer” landscape, including CPT codes, DRGs, and the impact of CMS Experience leveraging secondary data sources (e.g., IQVIA, Symphony, or hospital supply chain data) Demonstrated use of AI in the workplace CFA is a plus Education: Bachelor’s degree is required. A post-secondary degree in a related field of study is a plus. U.S. only. We thank all applicants for their interest; however, only those selected for an interview will be contacted. Equity Research Associate Salary Range: The salary range for this role is $110,000 to $140,000 USD (subject to the candidate meeting the specific skills, experience, education, and qualification requirements) Senior Equity Research Associate Salary Range: The salary range for this role is $150,000 to $200,000 USD (subject to the candidate meeting the specific skills, experience, education, and qualification requirements) Salary: Pay Type: Salaried The above represents BMO Financial Group’s pay range and type. Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure. Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles, the salary listed above represents BMO Financial Group’s expected target for the first year in this position. 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. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. To view more details of our benefits, please visit: About Us At BMO we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting, positive change for our customers, our communities and our people. By working together, innovating and pushing boundaries, we transform lives and businesses, and power economic growth around the world. As a member of the BMO team you are valued, respected and heard, and you have more ways to grow and make an impact. We strive to help you make an impact from day one – for yourself and our customers. We’ll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs. From in-depth training and coaching, to manager support and network-building opportunities, we’ll help you gain valuable experience, and broaden your skillset. To find out more visit us at BMO is proud to be an equal employment opportunity employer. We evaluate applicants without regard to race, religion, color, national origin, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, transgender status, sexual stereotypes, age, status as a protected veteran, status as an individual with a disability, or any other legally protected characteristics. We also consider applicants with criminal histories, consistent with applicable federal, state and local law. BMO is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process, please send an e-mail to View email address on click.appcast.io and let us know the nature of your request and your contact information. Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO, directly or indirectly, will be considered BMO property. BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid, written and fully executed agency agreement contract for service to submit resumes. BMO is a leading bank driven by a single purpose: to Boldly Grow the Good in business and life. Everywhere we do business, we’re focused on building, investing and transforming how we work to drive performance and continue growing the good. Who we are We’re proud to be fueling growth and expanding possibilities for individuals, families and businesses. More than 12 million customers count on us for personal and commercial banking, wealth management and investment services. As the 8th largest bank in North America by assets, we provide personal and commercial banking, wealth management and investment services to more than 12 million customers. In Canada, the United States and across the globe, we’ll continue to build, invest and transform to drive performance that serves the good that grows.