Equity Research Associate – Semiconductors

Address:

Job Family Group:

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 2700 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 53000 employees as of October 31 2025. #bmocapitalmarkets

About BMO Capital Markets

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 2700 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.

Description:

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.

Ideal Candidate:

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); 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.

Responsibilities include but are not limited to:

• 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

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
• 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
• CFA is a plus

Education:

Bachelors 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.

Senior Research Associate Base Salary Range:

The salary range for this role is $150000 up to $200000 USD (subject to the candidate meeting the specific skills experience education and qualification requirements)

Equity Research Associate Base Salary Range:

The salary range for this role is $110000 up to $140000 USD (subject to the candidate meeting the specific skills experience education and qualification requirements)

Salary:

Pay Type:

The above represents BMO Financial Groups 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 Groups expected target for the first year in this position.

BMO Financial Groups 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: 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. Well 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 well help you gain valuable experience and broaden your skillset.

To find out more visit us at 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 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.