Investment Banking Associate Jobs in Minnesota
Investment Banking Associate jobs in Minnesota center on Minneapolis and its inner-ring suburbs, where a deep concentration of financial services firms, Fortune 500 headquarters, and regional boutiques generate consistent demand for mid-level deal professionals. Employers with lasting Minnesota presences include U.S. Bancorp, Piper Sandler, and Ameriprise Financial, each maintaining active investment banking teams focused on middle-market M&A, equity and debt capital markets, and corporate advisory work. The Twin Cities represent one of the Midwest's most active markets for associates with strong modeling, valuation, and client-management skills. Scan the live roles below and apply to whichever ones fit.
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Job Description:
At Piper Sandler, we connect capital with opportunity to build a better future.
We believe that diverse teams with unique backgrounds, skills and experiences yield more innovative solutions. This is reflected in our commitment to engage, hire, and retain bright, committed people to work in partnership within an inclusive environment that allows each person to achieve personal success and add value to our teams and communities.
We are currently looking for a first year Analyst to join our Equity Private Placements team in the Minneapolis, MN office. Piper Sandler’s Equity Private Placements team is one of the longest tenured private placement groups on Wall Street. We leverage the experience and market knowledge gained across all Piper Sandler focus industries to tailor effective and efficient fundraising processes for each of our clients. The Analyst can expect to receive immediate exposure to a variety of transactions, such as, but not limited to, late-stage growth, minority recap, acquisition capital, and strategic financings.
The Analyst will help support the team’s effort in sourcing a variety of private capital, ranging from common equity to preferred equity to structured capital, and from a broad array of reputable institutional investors.
On a day-to-day basis our Analysts:
Provide critical support during all phases of transaction execution
Assist in developing operating financial models and valuation analyses
Build extensive pro forma cap table and waterfall analyses
Coordinate transaction due diligence
Conduct various research specific to industry, company, and growth / structured equity
Interface directly with senior bankers, clients, and investors
Develop a versatile skillset that will serve as a strong foundation for achieving career goals
A successful candidate will possess the following characteristics:
Prior experience in investment banking or a related financial field preferred; recent graduates with relevant internships or coursework will also be considered.
Bachelor’s degree in finance, business, economics, or other related degrees required
Strong work ethic, with an ability to work in a fast-paced environment, multi-task, and learn quickly
Detail-oriented and analytical mindset
Strong verbal and written communication skills
Previous experience with financial modeling or formal training
Positive attitude with a desire to work with and contribute to the culture of a close-knit team
U.S. work eligibility is required. Candidates must be work authorized in the United States on a full-time basis without the need for employer sponsorship now or in the future. For this role, we cannot offer employment to F-1 (student) visa holders who require employer sponsorship in the future or cannot work now on a full-time basis.
As a leading investment bank, we enable growth and success for our clients through deep sector expertise, candid advice and a differentiated, highly productive culture.
Our investment banking clients have access to unparalleled guidance through our deep product and sector expertise and ready access to global capital. We take pride in providing our clients with thoughtful advice and diligent execution, no matter the economic environment. Our investment banking group partners with corporate clients and financial sponsors to provide advisory and financing services related to mergers and acquisitions, equity and debt capital markets, private placements, restructuring and corporate & venture services. We offer in-depth knowledge and industry relationships in our core sectors of chemicals, consumer, services & industrials, energy & power, financial services, healthcare and technology. Learn more about our investment banking team here.
Piper Sandler values a strong culture dedicated to the emotional and physical well-being of our employees. Learn more about our commitment to our employee’s health, well-being, our benefits program and how we are here for our employees and their families today, tomorrow and beyond here.
The anticipated starting salary range for individuals expressing interest in this position is $110,000 per year. Placement within this range is dependent upon level of experience, location and other factors. This position is eligible for annual incentive compensation which will be a part of the total compensation. Total compensation for this position will be competitive with the market.
All qualified applicants will receive consideration for employment without regard to race, color, creed, religion, sex, sexual orientation, gender identity, national origin, disability, age, marital status, status as a protected veteran or status with regard to public assistance.
See All 9 Investment Banking Associate Jobs in Minnesota
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Find JobsInvestment Banking Associate Jobs by City in Minnesota
Where Minnesota roles are concentrated, by current openings.
Investment Banking Associate Job Market in Minnesota
A snapshot from current Minnesota openings, updated as new roles post.
Who's Hiring



Top Industries Hiring
- Investment & Asset Management
What Minnesota Employers Look For
The qualifications that appear most often in investment banking associate jobs across Minnesota.
- Series 63 and Series 79 FINRA licenses required or must be obtained within 90 days
- Bachelor's degree in finance, economics, accounting, or a closely related field
- Two to four years of investment banking, private equity, or corporate finance experience
- Advanced proficiency in financial modeling, DCF valuation, and LBO analysis
- Experience preparing pitchbooks, CIMs, and client-facing transaction materials
- Strong communication skills for direct client interaction and cross-functional deal teams
Investment Banking Associate Jobs in Minnesota: Frequently Asked Questions
How do you become a investment banking associate in Minnesota?
Most investment banking associates in Minnesota enter through an MBA program or by promoting internally from an analyst role at a Minneapolis-based bank or boutique. FINRA licenses, specifically the Series 79 and Series 63, are standard requirements that employers expect candidates to hold or obtain shortly after hire. A strong foundation in corporate finance and a demonstrated history of completed transaction work are the practical prerequisites most Minnesota hiring managers screen for first.
How much do investment banking associates make in Minnesota?
Investment banking associates in Minnesota earn a median of about $102,990 a year, based on May 2025 Bureau of Labor Statistics wage data, ranging from around $65,290 for the lowest 10% to over $161,580 for the top 10%. Pay rises with experience, specialty, and employer.
Which companies hire investment banking associates in Minnesota?
Employers hiring investment banking associates in Minnesota right now include Piper Sandler, Houlihan Lokey, and Wipfli, based on current listings on Migrate Mate as of September 2026. Minneapolis's position as a regional financial hub means both large national institutions and well-established regional boutiques like Piper Sandler maintain consistent associate-level pipelines throughout the year.
Which Minnesota cities have the most investment banking associate jobs?
The cities with the most investment banking associate openings in Minnesota are Minneapolis. Minneapolis dominates because it hosts the headquarters or major regional offices of the state's largest financial institutions, while suburban markets like Minnetonka and Edina absorb overflow from asset managers and boutique advisory firms that prefer lower-cost campuses close to the city core.
Are there remote investment banking associate jobs in Minnesota?
Yes, but they're rare. About 100% of investment banking associate openings tied to Minnesota are remote or hybrid as of September 2026, reflecting the client-intensive, deal-driven nature of the role. The tasks most amenable to remote work are financial modeling and research, while pitchbook production, client meetings, and live-deal execution typically require in-office or on-site availability.
How can I get hired as a investment banking associate in Minnesota with little or no experience?
The most realistic entry path is an analyst-to-associate promotion at a Minneapolis firm after two to three years in a financial analyst or corporate development role. Large Minnesota employers such as U.S. Bancorp and Ameriprise Financial run structured early-career programs that accept candidates from finance and accounting backgrounds without direct banking experience. Earning the Series 79 and Series 63 licenses before applying and building a modeling portfolio through CFA coursework or relevant certification programs materially strengthens candidacy for these competitive openings.
Where can I find and apply to investment banking associate jobs in Minnesota?
You can find and apply to investment banking associate jobs in Minnesota on Migrate Mate, which lists current Minnesota openings updated in real time. Search the available roles, identify the ones that match your experience and target firms, and apply directly to each listing that fits your background.
See All 9 Investment Banking Associate Jobs in Minnesota
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