Equity Research Associate - Industrials

0000050573 Royal Bank Of Canada, Sydney Branch; Sydney; On-site; AUD 90,000 - 140,000; Full time

Job summary

Royal Bank of Canada (RBC) is expanding its Australian Equity Research team in Sydney or Melbourne and seeks candidates with a strong interest in financial markets. The associate role focuses on fundamental analysis of Australian companies across the Global Industrials sector, with potential to lead coverage as you grow.

You will build and update financial models in Excel, forecast earnings, value firms using DCF and multiples, and prepare high-quality research reports while developing industry

Qualifications

• Strong interest in equity markets and finance.
• Willingness to learn and analyse industry sectors and companies.
• Undergraduate degree in Business, Commerce, Economics, Mathematics, Engineering, Computer Science or similar field.
• Minimum 2-3 years' full-time work experience, preferably in an equity research role or corporate finance role at a bank, stockbroking firm, investment fund or accounting firm.
• Excellent writing and communications skills with the ability to interact with CEO, CFO and IR personnel of the companies under coverage.
• High attention to detail and accuracy.
• Strong skills across Microsoft Office applications – Excel, Word and PowerPoint.
• Ability to source data and concisely summarise information from multiple sources.
• Ability to work independently and under pressure in a high paced environment.
• Flexibility to travel when required.

Responsibilities

• Understand what companies under coverage do and the market environment.
• Build and update company financial models in Excel.
• Link core items of financial statements and forecast future earnings.
• Update historical financials from public data sources.
• Value companies using DCF, comparables and multiples.
• Generate high quality research reports and presentations.
• Build and maintain databases of key industry data.
• Support Lead Analyst to respond to client queries.
• Identify risks including ESG, macro, commodity, and geopolitical factors.
• Establish industry contacts to inform company views.

Skills

Equity markets

Finance

Excel

Data sourcing

Communication

Attention to detail

Independent work

Travel flexibility

Education

Undergraduate degree in Business/Commerce/Economics/Math/Engineering/CS

Tools

FactSet

Bloomberg

Job description

Job Description

What is the opportunity?

RBC is growing in Australia and is looking for a candidate to add to the Australian Equity Research team based in Sydney or Melbourne. We are looking for a suitably qualified candidate with an avid interest in financial markets. Candidates will be responsible for fundamental analysis of Australian companies operating across the Global Industrials sectors. RBC provides investment research to institutional fund managers in Australia and offshore. Companies covered vary from established large cap businesses to emerging small cap companies. Associate roles primarily provide research support to Lead Analysts. As you develop, your career pathway includes assuming lead coverage of some companies in your own right depending on your experience and track record of performance in the role.

What will you do?

• Understand what companies under coverage do, how they do it, and the market environment in which they operate.
• To understand and be able to build and update company financial models in Microsoft Excel.
• Understand how the company's profit and loss, balance sheet and cashflow statements interrelate and be able to build and link the core items of these financial statements in Microsoft Excel.
• Be able to update historical company financials from available public data sources.
• Understand the key drivers of a company’s earnings profile and be able to forecast future earnings estimates.
• Understand how to value a company using different valuation methods e.g. DCF valuation methodology, comparable company and multiples analysis.
• Generate high quality research reports and presentations.
• Build and maintain databases of key industry data points.
• Support the Lead Analyst to promptly respond to institutional client queries.
• Identify key operational and earnings risks of companies under research coverage e.g. competitor, ESG, macro, commodity price, geopolitical etc.
• Establish key industry contacts to assist in forming a comprehensive view of the company and the operating environment.

What do you need to succeed?

Must-have

• Strong interest in equity markets and finance.
• Willingness to learn and analyse industry sectors and companies.
• Undergraduate degree with a focus on Business, Commerce, Economics, Mathematics, Engineering, Computer Science or similar field.
• Minimum 2-3 years' full-time work experience, preferably in an equity research role or corporate finance role at a bank, stockbroking firm, investment fund or accounting firm.
• Excellent writing and communications skills with the ability to interact with the CEO, CFO and IR personnel of the companies under coverage.
• High attention to detail and accuracy.
• Strong skills across Microsoft Office applications – primarily Excel, Word and PowerPoint.
• Ability to source data and concisely summarise information from multiple sources e.g. online databases, government statistics, journals, trade publications etc.
• Ability to work independently and under pressure in a high paced environment.
• Flexibility to travel when required.

Nice-to-have

• CFA qualification, or
• An accounting qualification, or
• Relevant post-grad qualification.
• Work experience in industrial companies and/or sectors.
• FactSet or Bloomberg experience.

What's in it for you?

We thrive on the challenge to be our best - progressive thinking to keep growing and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.

• A comprehensive Total Rewards Program with competitive compensation, bonuses and stock where applicable.
• Leaders who support your development through coaching and managing opportunities.
• Work in a dynamic, collaborative, progressive and high-performing team.
• Access to a variety of job opportunities across businesses and geographies as you develop over time.

RBC is an equal opportunity employer committed to diversity and inclusion. We are pleased to consider all qualified applicants for employment without regard to race, colour, religion, sexual orientation, gender identity, age, disability or any other legally-protected factors.

Job Skills

Accounting, Communication, Detail-Oriented, Economic Analysis, Finance, Financial Instruments, Financial Markets, Personal Initiative, Researching

Address: 25 MARTIN PLACE:SYDNEY

City: Sydney

Country: Australia

Work hours/week: 38

Employment Type: Full time

Platform: CAPITAL MARKETS

Job Type: Regular

Pay Type: Salaried

Posted Date: 2026-09-28

Application Deadline: 2027-01-31 Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC.