Equity Research Associate – Biotechnology

08/16/2026

Address:

151 W 42nd Street

Job Family Group:

Customer Solutions

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 an Equity Research Associate to join our Biotechnology team. The associate will work closely with the senior analyst and another senior associate to develop and market all equity research products. The role requires 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, coordination 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:

Our ideal candidate is someone with some knowledge of life sciences. strong accounting and/or finance skills, has an interest understanding stocks, and is eager to join a new team at BMO. The requisite license exams and/or CFA are a plus but are not required.

Responsibilities include, but are not limited to:

• Building and maintaining detailed company models (IS/BS/CF)

• Analyzing financial statements and news related to industry coverage

• Analyzing 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

Experience/Skills:

A combination of 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 consumer 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. Other necessary attributes include:

• 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

Education:

• Bachelor’s degree is required. A post-secondary degree in a related field of study is a plus but not required.

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)

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