Equity Research Analyst Internships
Equity research analyst internships give university students, recent graduates, and early-career switchers hands-on experience building financial models and sector reports, mentorship from working equity research analysts, and, at many employers, a path toward a full-time offer. {{top_industries_phrase}} lead in internship volume, with Wedbush Securities, CIBC, and Loop Capital among the employers posting roles now.
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We’re building a relationship-oriented bank for the modern world. We need talented, passionate professionals who are dedicated to doing what’s right for our clients.
At CIBC, we embrace your strengths and your ambitions, so you are empowered at work. Our team members have what they need to make a meaningful impact and are truly valued for who they are and what they contribute.
To learn more about CIBC, please visit CIBC.com
CIBC’s Summer Internship Program provides students with a hands-on opportunity to complement their academic experience while building practical skills and exploring a career in financial services. Throughout the summer, interns will have opportunities to learn from experienced investment professionals, connect with leaders across the organization, network with fellow interns, and participate in professional development and community activities.
As an Equity Research Intern you will work alongside experienced investment professionals and gain direct exposure to the fundamental research and investment process. You will develop analytical, financial modeling, and communication skills while researching publicly traded companies and learning how investors evaluate businesses, industries, competitive positioning, financial performance, valuation, and investment opportunities.
CIBC’s Summer Internship Program runs for approximately 10 weeks from June through August. During the program, you will have access to training, mentorship, and support from members of the investment team. Our goal is to provide a challenging, collaborative, and rewarding experience that gives you meaningful exposure to a career in investment research.
What You’ll Be Doing
- Working 40 hours per week in our Chicago office alongside experienced equity research and investment professionals.
- Learning the fundamentals of equity research, security analysis, valuation, and portfolio management.
- Conducting fundamental research on publicly traded companies using SEC filings, earnings materials, company presentations, sell-side research, industry publications, and other relevant sources.
- Building and maintaining financial models to analyze company performance, earnings, valuation, and key investment drivers.
- Developing a detailed investment thesis on one or more public companies and presenting your research and conclusions to members of the investment team.
- Learning the industries and companies covered by your host analyst, including key competitors, industry dynamics, and business and financial drivers.
- Listening to and analyzing company earnings calls, investor presentations, and other corporate events and summarizing key investment takeaways.
- Learning to use FactSet and other research resources to support fundamental investment analysis.
- Participating in weekly learning sessions covering investment research, financial markets, portfolio management, and careers in financial services.
- Participating, when available, in meetings with public-company executives, investor relations teams, sell-side research analysts, and other investment professionals.
Who You Are
- You have a minimum cumulative GPA of 3.2.
- You have a demonstrated interest in equity research, investing, or financial markets through investment clubs, coursework, internships, personal investing, stock pitches, or independent learning.
- You are pursuing a bachelor’s degree, preferably in finance, accounting, economics, business, or another relevant field, with an expected graduation date December 2027 or June 2028
- You have a foundational understanding of financial statements, accounting, corporate finance, and/or valuation.
- You are proficient in Microsoft Office, particularly Excel, PowerPoint, and Word.
- To be eligible for this position, you must be authorized to work in the U.S.
How You’ll Succeed
- You’re intellectually curious. You enjoy digging into businesses, industries, financial statements, and market developments to understand what drives company performance and investment outcomes.
- You give meaning to data. You can analyze financial and qualitative information, identify what matters, and communicate your conclusions clearly and concisely.
- You understand that the details matter. You approach research carefully, challenge assumptions, and use critical thinking to develop well-supported conclusions.
- You take ownership. You are proactive, dependable, and willing to take responsibility for assignments while asking questions when additional context is needed.
- You communicate effectively. You can translate detailed research into a clear investment thesis and confidently discuss the reasoning behind your conclusions.
- You’re driven by collective success. You value collaboration, seek feedback, and understand that strong investment decisions benefit from diverse perspectives and constructive debate.
- Values matter to you. You bring your authentic self to work and demonstrate CIBC’s values of trust, teamwork, and accountability.
At CIBC, we offer a competitive total rewards package. This role has an expected hourly rate of $25.00-$27.00 per hour for the State of Illinois market based on experience, qualifications, and location of the position. CIBC offers a full range of benefits and programs to meet our intern's needs; including 401(k) contribution, Paid Time Off (including Sick Leave and Vacation), and Holidays, in addition to other special perks reserved for our team members.
This position does not offer visa sponsorship
At CIBC, your goals are a priority. We start with your strengths, ambitions and strive to create opportunities to tap into your potential.
What you need to know
- CIBC is committed to creating an inclusive environment where all team members and clients feel like they belong. We seek applicants with a wide range of abilities and we provide an accessible candidate experience. If you need accommodation, please contact Mailbox.careers-carrieres@cibc.com
- You need to be legally eligible to work at the location(s) specified above and, where applicable, must have a valid work or study permit.
- We may ask you to complete an attribute-based assessment and other skills tests (such as simulation, coding, MS Office). Our goal for the application process is to get to know more about you, all that you have to offer, and give you the opportunity to learn more about us.
California residents — your privacy rights regarding your actual or prospective employment
Expected End Date
2027-08-13We’re building a relationship-oriented bank for the modern world. We need talented, passionate professionals who are dedicated to doing what’s right for our clients.
At CIBC, we embrace your strengths and your ambitions, so you are empowered at work. Our team members have what they need to make a meaningful impact and are truly valued for who they are and what they contribute.
To learn more about CIBC, please visit CIBC.com
CIBC’s Summer Internship Program provides students with a hands-on opportunity to complement their academic experience while building practical skills and exploring a career in financial services. Throughout the summer, interns will have opportunities to learn from experienced investment professionals, connect with leaders across the organization, network with fellow interns, and participate in professional development and community activities.
As an Equity Research Intern you will work alongside experienced investment professionals and gain direct exposure to the fundamental research and investment process. You will develop analytical, financial modeling, and communication skills while researching publicly traded companies and learning how investors evaluate businesses, industries, competitive positioning, financial performance, valuation, and investment opportunities.
CIBC’s Summer Internship Program runs for approximately 10 weeks from June through August. During the program, you will have access to training, mentorship, and support from members of the investment team. Our goal is to provide a challenging, collaborative, and rewarding experience that gives you meaningful exposure to a career in investment research.
What You’ll Be Doing
- Working 40 hours per week in our Chicago office alongside experienced equity research and investment professionals.
- Learning the fundamentals of equity research, security analysis, valuation, and portfolio management.
- Conducting fundamental research on publicly traded companies using SEC filings, earnings materials, company presentations, sell-side research, industry publications, and other relevant sources.
- Building and maintaining financial models to analyze company performance, earnings, valuation, and key investment drivers.
- Developing a detailed investment thesis on one or more public companies and presenting your research and conclusions to members of the investment team.
- Learning the industries and companies covered by your host analyst, including key competitors, industry dynamics, and business and financial drivers.
- Listening to and analyzing company earnings calls, investor presentations, and other corporate events and summarizing key investment takeaways.
- Learning to use FactSet and other research resources to support fundamental investment analysis.
- Participating in weekly learning sessions covering investment research, financial markets, portfolio management, and careers in financial services.
- Participating, when available, in meetings with public-company executives, investor relations teams, sell-side research analysts, and other investment professionals.
Who You Are
- You have a minimum cumulative GPA of 3.2.
- You have a demonstrated interest in equity research, investing, or financial markets through investment clubs, coursework, internships, personal investing, stock pitches, or independent learning.
- You are pursuing a bachelor’s degree, preferably in finance, accounting, economics, business, or another relevant field, with an expected graduation date December 2027 or June 2028
- You have a foundational understanding of financial statements, accounting, corporate finance, and/or valuation.
- You are proficient in Microsoft Office, particularly Excel, PowerPoint, and Word.
- To be eligible for this position, you must be authorized to work in the U.S.
How You’ll Succeed
- You’re intellectually curious. You enjoy digging into businesses, industries, financial statements, and market developments to understand what drives company performance and investment outcomes.
- You give meaning to data. You can analyze financial and qualitative information, identify what matters, and communicate your conclusions clearly and concisely.
- You understand that the details matter. You approach research carefully, challenge assumptions, and use critical thinking to develop well-supported conclusions.
- You take ownership. You are proactive, dependable, and willing to take responsibility for assignments while asking questions when additional context is needed.
- You communicate effectively. You can translate detailed research into a clear investment thesis and confidently discuss the reasoning behind your conclusions.
- You’re driven by collective success. You value collaboration, seek feedback, and understand that strong investment decisions benefit from diverse perspectives and constructive debate.
- Values matter to you. You bring your authentic self to work and demonstrate CIBC’s values of trust, teamwork, and accountability.
At CIBC, we offer a competitive total rewards package. This role has an expected hourly rate of $25.00-$27.00 per hour for the State of Illinois market based on experience, qualifications, and location of the position. CIBC offers a full range of benefits and programs to meet our intern's needs; including 401(k) contribution, Paid Time Off (including Sick Leave and Vacation), and Holidays, in addition to other special perks reserved for our team members.
This position does not offer visa sponsorship
At CIBC, your goals are a priority. We start with your strengths, ambitions and strive to create opportunities to tap into your potential.
What you need to know
- CIBC is committed to creating an inclusive environment where all team members and clients feel like they belong. We seek applicants with a wide range of abilities and we provide an accessible candidate experience. If you need accommodation, please contact Mailbox.careers-carrieres@cibc.com
- You need to be legally eligible to work at the location(s) specified above and, where applicable, must have a valid work or study permit.
- We may ask you to complete an attribute-based assessment and other skills tests (such as simulation, coding, MS Office). Our goal for the application process is to get to know more about you, all that you have to offer, and give you the opportunity to learn more about us.
California residents — your privacy rights regarding your actual or prospective employment
Expected End Date
2027-08-13Equity Research Analyst Internship Market
Who's Hiring
Tips for Your Equity Research Analyst Internship Search
Apply months before the start date
Large investment banks and asset managers open summer equity research analyst internship applications the preceding fall. If you wait until spring, the structured cohort programs are already closed. Set a calendar reminder for September and start identifying target firms before applications go live.
Build a portfolio before you apply
Hiring teams for equity research analyst internships expect limited work history, so your projects carry the weight. A published stock pitch, a discounted cash flow model, or a written sector analysis gives recruiters something specific to evaluate. Host it somewhere linkable and reference it directly on your resume.
Work your campus network alongside direct applications
Campus career fairs surface structured programs tied to your university, and professors or career center staff often know which firms recruit from your school before roles post publicly. Apply directly to smaller firms running their own cohorts at the same time, since those roles rarely appear through on-campus channels.
Practice your technical screen out loud
Equity research analyst intern interviews typically include a stock pitch, a valuation question, or a case study on a company or sector. Practice explaining your reasoning out loud, not just arriving at a number, because interviewers weigh how you think through an investment thesis as much as the final answer.
Target structured research internship programs early
Many large banks and investment managers run named summer analyst programs in their equity research divisions, designed to train candidates with no prior professional experience. These programs recruit early, fill fast, and have fixed application windows, so identify the ones that fit your target sector and apply in the first wave.
Set your work-type filter before you start
On-site roles are 0% of the equity research analyst internships listed here. Decide what you can realistically commit to before you search, then filter by location and work type so you're only reviewing roles you can actually accept.
Equity Research Analyst Internships: Frequently Asked Questions
How do I get an equity research analyst internship?
Lead with coursework and personal projects rather than work history, since hiring teams expect limited experience at the intern level. A published stock pitch or financial model gives recruiters something concrete to assess. Combine direct applications with campus career fairs, where recruiters often move faster for students they meet in person.
Can an equity research analyst internship turn into a full-time job?
Many employers extend return offers to strong interns, but conversion is never guaranteed. What actually drives it for equity research analyst interns is the quality of your work on real assignments, team headcount going into the next hiring cycle, and how early you express continued interest. Position for it without counting on it.
When should I apply for equity research analyst internships?
Earlier than most candidates expect. Large financial firms and investment banks recruit for summer equity research analyst internships the preceding fall, sometimes as early as September or October. Smaller firms and co-op programs post closer to start dates, so openings appear year-round and it pays to check regularly.
Are equity research analyst internships paid?
Most professional equity research analyst internships in the U.S. are paid. Compensation varies by company size, industry, and location. Where an employer discloses pay, the listing will show it, so you can compare opportunities directly as you apply.
What should an equity research analyst internship resume include?
Lead with projects, not work history. Include two or three documented projects showing the tools you used, such as a stock pitch deck, a discounted cash flow model, or a sector analysis, with links or PDFs the recruiter can review. Add relevant coursework in finance, accounting, or economics and keep the resume to one page.
Are there remote equity research analyst internships?
Yes. Remote and hybrid roles make up 100% of the equity research analyst internship listings here, with the rest on-site. Remote cohorts fill fast, so apply early and filter by work type to see them before they close.
What is a sell-side equity research internship?
Sell-side equity research internships are structured programs at investment banks and brokerage firms where interns support analysts covering specific industries or companies. They target candidates new to professional research, recruit early in the academic year, and are competitive, so apply in the first wave of postings if this program type fits your goals.
Can international students get equity research analyst internships?
Yes. F-1 students can intern through CPT while enrolled or through OPT work authorization after finishing a degree, and the employer does not have to file anything for either, so many companies are open to international interns. Confirm your eligibility and timing with your university's international student office before accepting an offer.
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