Equity Research Associate – Semiconductors

BMO • New York, NY

3d • $110,000 - $140,000

About The Position

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.

BMO Capital Markets is a leading, full-service North American-domiciled 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 approximately 2,700 professionals in 33 locations around the world. The Equity Research department covers over 925 stocks across diverse sectors, and provides equity strategy, quantitative analysis and portfolio management services to our clients. The US Equity Research department consists of 31 analysts and ~50 associates, covering over 500 stocks.

We are seeking two Equity Research Associates to join our Semiconductor 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.

Ideally, our team will consist of two associates as follows: a Senior Associate with has 2-3 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. A demonstrated interest in Semiconductor or Hardware Technology is a plus. Licenses or prior experience for the second associate is a plus, but not required.

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 http://jobs.bmo.com/us/en

Requirements

• 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.
• Candidates must have a clear and proven track record of achievement throughout their education and career.
• 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
• Ability to gather market data and proficiency in services (e.g. Gartner) is preferred
• 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

Nice To Haves

• Prior industry experience in the healthcare is a strong plus.
• A demonstrated interest in Semiconductor or Hardware Technology is a plus.
• Licenses or prior experience for the second associate is a plus, but not required.
• CFA is a plus

Responsibilities

• Building and maintaining detailed company models (IS/BS/CF)
• Building and maintaining market models
• Analyzing financial statements and news related to industry coverage
• Writing equity research reports and over time, formulating investment theses
• Assist with new initiations and detailed reports on companies
• 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

Benefits

• BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans.
• To view more details of our benefits, please visit: https://jobs.bmo.com/global/en/Total-Rewards

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level