Equity Research Associate Internships
Equity research associate internships give university students, recent graduates, and early-career switchers hands-on project experience in financial analysis, mentorship from working equity research associates, 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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Showing 5 of 8+ Equity Research Associate Internships
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 Associate Internship Market
Who's Hiring
Tips for Your Equity Research Associate Internship Search
Apply months before the internship starts
Large financial services firms and investment banks recruit summer equity research associate interns the preceding fall, often wrapping interviews before December. Smaller boutiques and regional firms post closer to start dates. Check listings in September and October for summer programs, and revisit throughout the year for rolling and co-op openings.
Build a financial model before you apply
Equity research associate intern hiring teams want something to evaluate, not just a GPA. Put together a completed discounted cash flow model, a comparable company analysis, or a written stock pitch that includes your assumptions and recommendation. Host it somewhere accessible, such as a shared drive or portfolio site, and link to it directly in your application.
Work your campus network and apply directly at the same time
Campus career fairs surface structured intern programs tied to your university, and professors who teach valuation or accounting often know which firms recruit from your school before roles post publicly. Applying directly to firms running smaller cohorts alongside campus activity widens the pool you reach, especially at boutique shops that don't recruit formally on campus.
Practice your stock pitch out loud before interviews
Equity research associate intern screens typically involve a live stock pitch or a case where you walk through a valuation. Practice delivering your reasoning out loud, not just reviewing your model silently, because interviewers weigh how you think through assumptions and defend your thesis as much as the final number you arrive at.
Target structured analyst programs at larger firms
Many large banks and asset managers run formal summer analyst or equity research internship programs specifically built to train people new to the field. These programs recruit early, fill fast, and often convert to full-time analyst roles. Identify the ones that fit your target sector, confirm their application windows, and get your materials in during the first wave.
Set your work-type filter before you start searching
On-site roles are 0% of the equity research associate internships listed here. Decide what you can realistically commit to before you begin sorting through listings, then filter by location and work type so you're not spending time on roles you can't take.
Equity Research Associate Internships: Frequently Asked Questions
How do I get an equity research associate internship?
Lead with coursework and completed projects rather than work history, since hiring teams expect limited experience at the intern level. For equity research associate candidates, the concrete artifact is a written investment thesis or stock pitch deck that shows you can build a financial model and argue a position. Apply directly to firms and attend campus career fairs, where recruiters often move faster for students they meet in person.
Can an equity research associate 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 associate interns is the quality of your deliverables, whether the team has headcount opening at the right time, and how early in the summer you establish a history on real work. Position for a return offer by treating every assignment as a writing sample, but keep your applications active regardless.
When should I apply for equity research associate internships?
Earlier than most students expect. Large financial services employers and bulge-bracket firms recruit summer interns the preceding fall, often closing applications before winter break. Smaller boutiques, regional firms, and co-op programs post closer to their start dates, so openings appear year-round. Check listings regularly rather than waiting for a single recruiting season to begin.
Are equity research associate internships paid?
Most professional equity research associate internships in the United States are paid. Compensation varies by company size, sector, and location, and some roles offer housing or commuting stipends on top of base pay. Listings show compensation details where the employer chooses to disclose them, so check each posting directly for what's available.
What should an equity research associate internship resume include?
Lead with projects, not work history. Include two or three complete, documented analyses with the tools you used, such as a discounted cash flow model in Excel, a comparable company analysis, or a published stock pitch, and link to them where possible. Add relevant coursework in accounting, corporate finance, or financial modeling. Keep the resume to one page.
Are there remote equity research associate internships?
Yes. Remote and hybrid roles make up 100% of the equity research associate internship listings here, with the rest on-site. Remote cohorts fill fast because they draw applicants from across the country, so apply early once you decide what works for you, and use the work-type filter to surface only the listings that match your situation.
Can international students get equity research associate 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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