Equity Research Associate - Medical Supplies & Devices

Location: New York

Final date to receive applications:

03/29/2026

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…