Investment Banking Associate Internships
Investment banking associate internships give university students, recent graduates, and early-career switchers hands-on deal and financial modeling experience, mentorship from working investment banking associates, and, at many employers, a path toward a full-time offer. Openings cover Accounting & Auditing and Technology & Software, with ComCap Holdings, Baird, and Loop Capital among the employers posting roles now.
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Showing 5 of 17+ Investment Banking Associate Internships
At Northland, our employees are the heart of our story—and we’re committed to their success! Please see below the details of this career opportunity and how it fits into our organization’s success.
Summary of the Job:
About This Role:
The Investment Banking Analyst Internship is the first step in Northland's investment banking career path and precedes the full-time Analyst position. Interns work on live deal teams under the guidance of Analysts and Associates, alongside senior bankers, across public equity offerings, private placements, PIPEs, convertible securities transactions, and M&A advisory engagements. The work is demanding and requires the ability to perform under pressure, meet tight deadlines, and produce accurate work on short notice. Interns build and update comparable company, precedent transaction, capitalization, and dilution analyses; prepare pitch books, management presentations, and transaction materials; conduct company, industry, and market research; and support due diligence and transaction tracking. Interns are expected to contribute meaningfully from the start, and exceptional performance is the primary pathway to a full-time Analyst offer.
The Ideal Candidate for This Role:
- Recent graduates of bachelor's or master's programs, or students graduating by December 2026, with a strong preference for candidates holding degrees in finance, accounting, engineering, mathematics, statistics, computer science, physics, or another quantitative discipline
- Strong academic record, ideally from a top-tier university with a rigorous quantitative curriculum
- Minimum 3.5 cumulative GPA
- Prior internship or relevant experience in investment banking, private equity, equity research, credit, transaction advisory, valuation, or another role involving financial analysis and modeling
- Demonstrated financial modeling proficiency, including the ability to independently build a three-statement model, trading comparables, precedent transactions, and a DCF
- Strong command of accounting, valuation methodologies, and financial statement analysis, with the ability to articulate and defend key assumptions
- Working understanding of capital structure, including equity and debt instruments, leverage, dilution, and liquidity
- Familiarity with equity-linked securities, convertible and preferred securities, capitalization and dilution analysis, credit analysis, or other complex financing structures
- Advanced Excel proficiency and comfort working with large financial, market, and transaction data sets; experience with Python, SQL, or other analytical tools is a plus
- Demonstrated ability to conduct rigorous company and industry research and translate quantitative analysis into clear, concise client- and investor-facing materials
- Strong analytical reasoning, attention to detail, intellectual curiosity, and the ability to perform under pressure and meet tight deadlines
- Maturity and judgment to work directly with senior bankers, client executives, boards, and investors
- Demonstrated interest in investment banking and the capital markets
- SIE, Series 7, 79, and 63 required, or ability to obtain within 180 days of start
- Must meet the firm's U.S. work-authorization requirements; applicable sponsorship restrictions should be clearly stated in the posting
Preferred Candidate Profile
The ideal candidate combines a strong quantitative academic background with hands-on financial modeling experience, exceptional analytical ability, and a demonstrated interest in capital markets. Candidates who can independently build, interpret, and defend financial models and apply quantitative skills to complex financing transactions are especially encouraged to apply.
Candidates must possess unrestricted work authorization and not require future sponsorship.Work Environment:
It is anticipated that the incumbent in this role will work onsite at the posted location. Our onsite environment fosters innovation, mentorship, and a vibrant culture where ideas flow freely and relationships flourish. As part of our team, you'll experience the energy of our collaborative spaces designed to support your professional growth while working alongside talented colleagues who inspire excellence daily. Please note that work location is subject to change based on business needs.Compensation and Benefits Overview:
We offer a variety of benefits designed to keep you and your family physically and financially healthy. Not only do we offer a competitive salary and work-life balance, we offer benefits to match your needs:
Medical, Dental, Vision Insurance
401k, With Matching Contributions
Time Off Programs
Health Savings Account (HSA)/Dependent Care
Employee Banking
Growth Opportunities
Tuition Assistance
Short-Term/Long-Term Disability Insurance
Learn more about our benefits here: https://www.fnbo.com/careers/benefits/ .
To obtain compensation and benefit information related to this specific role, e-mail First National at TAGAdmin@fnni.com . To ensure you receive a response, include the number of this job (listed below) in the subject line of your message.
Job number: R-20261938Equal Opportunity & Belonging:
We believe that the quality of our employee experience is at the heart of our customer experience. One key pillar of our intended employee experience is Belonging. Belonging means we are committed to fostering a workplace culture where employees of all backgrounds feel valued, recognized, and empowered to be their authentic selves—no matter their role or where they are in their journey.
Learn more here.
Northland is an equal opportunity employer for all employees and applicants and makes employment decisions without regard to status or identity.
Click here to download 'EEO is The Law' Self-Print Poster
Click here to download 'EEO is The Law' Supplement for Federal Contractors
Click here to download 'EEO is The Law' GINA Supplement
Northland is an Equal Opportunity/Affirmative Action/Veterans/Disability Employer - Member FDIC
Northland follows federal law regarding the use of marijuana (this applies to all non-California applicants)
Application Deadline:
All our jobs will be posted for a minimum of 5 calendar days. Job postings may come down prior to 5 calendar days based on volume of applicants.
At Northland, our employees are the heart of our story—and we’re committed to their success! Please see below the details of this career opportunity and how it fits into our organization’s success.
Summary of the Job:
About This Role:
The Investment Banking Analyst Internship is the first step in Northland's investment banking career path and precedes the full-time Analyst position. Interns work on live deal teams under the guidance of Analysts and Associates, alongside senior bankers, across public equity offerings, private placements, PIPEs, convertible securities transactions, and M&A advisory engagements. The work is demanding and requires the ability to perform under pressure, meet tight deadlines, and produce accurate work on short notice. Interns build and update comparable company, precedent transaction, capitalization, and dilution analyses; prepare pitch books, management presentations, and transaction materials; conduct company, industry, and market research; and support due diligence and transaction tracking. Interns are expected to contribute meaningfully from the start, and exceptional performance is the primary pathway to a full-time Analyst offer.
The Ideal Candidate for This Role:
- Recent graduates of bachelor's or master's programs, or students graduating by December 2026, with a strong preference for candidates holding degrees in finance, accounting, engineering, mathematics, statistics, computer science, physics, or another quantitative discipline
- Strong academic record, ideally from a top-tier university with a rigorous quantitative curriculum
- Minimum 3.5 cumulative GPA
- Prior internship or relevant experience in investment banking, private equity, equity research, credit, transaction advisory, valuation, or another role involving financial analysis and modeling
- Demonstrated financial modeling proficiency, including the ability to independently build a three-statement model, trading comparables, precedent transactions, and a DCF
- Strong command of accounting, valuation methodologies, and financial statement analysis, with the ability to articulate and defend key assumptions
- Working understanding of capital structure, including equity and debt instruments, leverage, dilution, and liquidity
- Familiarity with equity-linked securities, convertible and preferred securities, capitalization and dilution analysis, credit analysis, or other complex financing structures
- Advanced Excel proficiency and comfort working with large financial, market, and transaction data sets; experience with Python, SQL, or other analytical tools is a plus
- Demonstrated ability to conduct rigorous company and industry research and translate quantitative analysis into clear, concise client- and investor-facing materials
- Strong analytical reasoning, attention to detail, intellectual curiosity, and the ability to perform under pressure and meet tight deadlines
- Maturity and judgment to work directly with senior bankers, client executives, boards, and investors
- Demonstrated interest in investment banking and the capital markets
- SIE, Series 7, 79, and 63 required, or ability to obtain within 180 days of start
- Must meet the firm's U.S. work-authorization requirements; applicable sponsorship restrictions should be clearly stated in the posting
Preferred Candidate Profile
The ideal candidate combines a strong quantitative academic background with hands-on financial modeling experience, exceptional analytical ability, and a demonstrated interest in capital markets. Candidates who can independently build, interpret, and defend financial models and apply quantitative skills to complex financing transactions are especially encouraged to apply.
Candidates must possess unrestricted work authorization and not require future sponsorship.Work Environment:
It is anticipated that the incumbent in this role will work onsite at the posted location. Our onsite environment fosters innovation, mentorship, and a vibrant culture where ideas flow freely and relationships flourish. As part of our team, you'll experience the energy of our collaborative spaces designed to support your professional growth while working alongside talented colleagues who inspire excellence daily. Please note that work location is subject to change based on business needs.Compensation and Benefits Overview:
We offer a variety of benefits designed to keep you and your family physically and financially healthy. Not only do we offer a competitive salary and work-life balance, we offer benefits to match your needs:
Medical, Dental, Vision Insurance
401k, With Matching Contributions
Time Off Programs
Health Savings Account (HSA)/Dependent Care
Employee Banking
Growth Opportunities
Tuition Assistance
Short-Term/Long-Term Disability Insurance
Learn more about our benefits here: https://www.fnbo.com/careers/benefits/ .
To obtain compensation and benefit information related to this specific role, e-mail First National at TAGAdmin@fnni.com . To ensure you receive a response, include the number of this job (listed below) in the subject line of your message.
Job number: R-20261938Equal Opportunity & Belonging:
We believe that the quality of our employee experience is at the heart of our customer experience. One key pillar of our intended employee experience is Belonging. Belonging means we are committed to fostering a workplace culture where employees of all backgrounds feel valued, recognized, and empowered to be their authentic selves—no matter their role or where they are in their journey.
Learn more here.
Northland is an equal opportunity employer for all employees and applicants and makes employment decisions without regard to status or identity.
Click here to download 'EEO is The Law' Self-Print Poster
Click here to download 'EEO is The Law' Supplement for Federal Contractors
Click here to download 'EEO is The Law' GINA Supplement
Northland is an Equal Opportunity/Affirmative Action/Veterans/Disability Employer - Member FDIC
Northland follows federal law regarding the use of marijuana (this applies to all non-California applicants)
Application Deadline:
All our jobs will be posted for a minimum of 5 calendar days. Job postings may come down prior to 5 calendar days based on volume of applicants.
Investment Banking Associate Internship Market
Who's Hiring
Top Industries Hiring
- Accounting & Auditing
- Technology & Software
Tips for Your Investment Banking Associate Internship Search
Apply in the fall for the following summer
Large banks and financial firms open summer investment banking associate internship applications in September and October, often closing them before the new year. Smaller firms and co-op programs post closer to start dates. Check listings in the fall first, then revisit throughout the year for programs that recruit on a rolling basis.
Build a project file before you apply
Recruiting teams for investment banking associate internships expect limited work history, so your projects carry more weight. Prepare two or three documented financial models, valuation analyses, or case studies that show the tools you used and the conclusions you reached. A shareable file or link gives interviewers something concrete to discuss.
Work your campus network and apply directly at the same time
Campus career fairs surface structured programs tied to your university, and your professors and career center staff often know which banks recruit from your school before roles post publicly. Applying directly to firms running smaller cohorts alongside your campus activity widens the pool you can reach in a single recruiting cycle.
Practice your technical screen out loud before the first call
Investment banking associate intern interviews typically include financial statement analysis, valuation questions, and brain-teasers about deal mechanics. Practice answering out loud and walking through your reasoning step by step, since interviewers weigh how you think as much as whether you land on the right number.
Target structured summer analyst programs early
Major banks run formal summer analyst cohorts built to train people new to investment banking. These programs include deal-team rotations, modeling boot camps, and return-offer reviews. They recruit heavily in the fall and fill fast, so identify the programs that match your background and submit in the first application wave.
Set your work-type filter before you start
On-site roles are 14% of the investment banking associate internships listed here. Decide what you can commit to before you start reviewing listings, then filter by location and work type so you spend your time on roles you can actually take rather than sorting through options that don't fit your situation.
Investment Banking Associate Internships: Frequently Asked Questions
How do I get an investment banking associate internship?
Lead with coursework and completed financial analyses rather than work history, since recruiting teams expect limited professional experience at the intern stage. A documented deal model, valuation case study, or pitch deck gives recruiters something concrete to assess. Combine direct applications with campus career fairs, where bank recruiters often move faster for candidates they meet in person.
Can an investment banking associate internship turn into a full-time job?
Many employers extend return offers to strong interns, but conversion is never guaranteed. What drives it most for investment banking associate interns is performance on live deal work, available headcount on the team, and how early return-offer decisions are made. Position for one by treating every project as a sample of full-time work, without counting on the offer materializing.
When should I apply for investment banking associate internships?
Earlier than most candidates expect. Large banks and financial firms recruit summer interns the preceding fall, often wrapping offers before winter. Smaller companies, boutique firms, and co-op programs post closer to actual start dates, so openings appear across the year. Checking listings regularly means you catch both recruiting cycles.
Are investment banking associate internships paid?
Most professional investment banking associate internships in the U.S. are paid. Compensation varies by company size, industry, and location, and listings show it where the employer chooses to disclose it. Unpaid arrangements are uncommon at established financial institutions but can appear at early-stage companies or non-profit adjacent organizations.
What should an investment banking associate internship resume include?
Lead with projects rather than work history: two or three documented financial analyses, valuation models, or case studies with the tools used and links to the work where shareable. Add relevant coursework in finance, accounting, and Excel or financial modeling software. Keep the resume to one page, with the most substantive technical work at the top.
Are there remote investment banking associate internships?
Yes. Remote and hybrid roles make up 86% of the investment banking associate internship listings here, with the rest on-site. Remote cohorts fill fast because they draw applicants from across the country, so apply early and filter by work type to see them before seats close.
What is a summer analyst program for investment banking associate interns?
Summer analyst programs are structured ten-week cohorts run by major banks and financial firms specifically for students entering investment banking. They place interns on live deal teams, include formal training in modeling and financial analysis, and recruit heavily in the fall for the following summer. These programs are competitive and fill in the first recruiting wave, so apply as soon as applications open.
Can international students get investment banking 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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