Equity Research Associate – Energy Services & Industrials (Calgary)

03/22/2026

Address:

525 8th Ave SW East Tower

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

We are currently searching for an associate to join our team, covering industrials and energy services, based in our Calgary office (this is an in-office position).

Description

The Equity Research Associate will support BMO’s Energy Services and Industrials Analyst in analyzing publicly traded companies, conducting industry research, preparing detailed financial models (IS/BS/CS), and equity research reports. The ideal candidate has strong analytical skills, 1-2 years of equity research experience and a passion for the stock market. Key responsibilities include:

• Conduct thorough financial analysis of mid and large cap publicly traded companies.
• Assist Research Analyst in conducting comprehensive industry and company analysis.
• Develop and maintain financial models to forecast company performance.
• Analyze financial statements, market data, and industry trends.
• Prepare detailed research reports, presentations, and investment recommendations.
• Monitor news, earnings releases, and other relevant information for covered companies and industries.
• Attend company earnings calls, conferences, and industry events.
• Maintain databases of financial and industry data.
• Engage with sales, trading, and investment clients.
• Ensure compliance with all regulatory and firm policies.

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.  Candidates must have a clear and proven track record of achievement throughout their education and career. Other necessary attributes include:

• Minimum of 3 years of relevant experience in industry and/or finance.
• Strong analytical and quantitative skills.
• Proficiency in financial modeling and valuation techniques.
• Excellent written and verbal communication skills.
• Strong attention to detail and organizational skills.
• Superior work ethic, self-motivation and the ability to work independently.
• Ability to systematically manage a heavy workload and meet stringent deadlines.
• Flexibility to work irregular or extended hours.
• A keen and demonstrated interest in Equity Research.
• Solid technology skills with robust knowledge of Excel, Word, PowerPoint, Bloomberg.

Education

Candidates should have:

• Post-secondary degree in a related field of study.
• Preference given for Masters degree, CPA/CA and/or CFA charterholders.

Please note the base salary for this specific role in Calgary is $115,000 CAD

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: https://jobs.bmo.com/global/en/Total-Rewards

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 https://jobs.bmo.com/ca/en.

BMO is committed to an inclusive, equitable and accessible workplace. By learning from each other’s differences, we gain strength through our people and our perspectives. Accommodations are available on request for candidates taking part in all aspects of the selection process. To request accommodation, please contact your recruiter.

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.