Investment Operations Analyst Internships
Investment operations analyst internships give university students, recent graduates, and early-career switchers hands-on project experience, mentorship from working investment operations analysts, and, at many employers, a path toward a full-time offer. Openings are concentrated in Accounting & Auditing, Technology & Software, and Construction & Real Estate, with Allianz, State Street, and State of Wisconsin Investment Board among the employers posting roles now.
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Showing 5 of 25+ Investment Operations Analyst 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 Operations Analyst Internship Market
Who's Hiring
Top Industries Hiring
- Accounting & Auditing
- Technology & Software
- Construction & Real Estate
Tips for Your Investment Operations Analyst Internship Search
Apply months before the summer start date
Large asset managers, custodian banks, and investment firms open summer investment operations analyst internship applications the preceding fall and close them before winter. Waiting until spring means most structured cohorts are already full. Set a reminder for September and start your list of target programs then.
Build a project portfolio before you apply
Hiring teams for investment operations analyst internships expect limited work history. What moves your application forward is documented project work: a fund reconciliation model, a trade lifecycle analysis, or a process-improvement case study. Link the finished output wherever you can so a recruiter can open it and assess your thinking directly.
Work your campus network alongside direct applications
Campus career fairs surface structured investment operations analyst programs tied to your university, and recruiters there often make decisions faster than through online pipelines. Your professors and career center staff frequently know which firms recruit from your school before roles appear publicly. Pair that campus activity with direct applications to smaller firms running their own cohorts to reach the full market.
Practice the investment operations analyst technical screen out loud
Investment operations analyst intern interviews commonly include an Excel or financial modeling exercise, a reconciliation scenario, or questions on trade lifecycle and settlement processes. Practice these out loud, walking through your reasoning step by step, because interviewers weigh how you think through a problem as much as whether you land the right answer.
Target structured rotational programs early
Several large custodian banks and fund administrators run rotational investment operations internship programs designed to train people new to the field, rotating interns through settlements, fund accounting, and client reporting. These programs recruit in the fall, fill fast, and are competitive, so identify which ones align with your background and get your application in during the first wave.
Set your work-type filter before you start
On-site roles are 83% of the investment operations analyst internships listed here. Decide what you can commit to before you start applying, then filter by location and work type on Migrate Mate so you're only reviewing roles you can actually take.
Investment Operations Analyst Internships: Frequently Asked Questions
How do I get an investment operations analyst internship?
Lead with coursework and completed projects rather than work history, since hiring teams expect limited professional experience at the intern level. Build a documented portfolio of analyses or process models that recruiters can actually review. Combine direct applications with campus career fairs, where investment operations analyst recruiters often move faster for students they meet in person.
Can an investment operations analyst internship turn into a full-time job?
Many employers extend return offers to strong interns, but conversion is never guaranteed. For investment operations analyst interns, what drives it most is the quality of your work on real assignments, available headcount on the team, and how early the return-offer conversation happens. Position for it by delivering consistently, without counting on it as a certainty.
When should I apply for investment operations analyst internships?
Earlier than most candidates expect. Large financial services and asset management employers recruit summer interns the preceding fall, often closing applications before the calendar year turns. Smaller companies and co-op programs post closer to their actual start dates, so investment operations analyst internship openings appear year-round and reward candidates who check consistently.
Are investment operations analyst internships paid?
Most professional investment operations analyst internships in the United States are paid. Compensation varies by company size, industry, and location. Where an employer discloses pay, the listing shows it, so you can compare options as you apply.
What should an investment operations analyst internship resume include?
Lead with projects, not work history. Include two or three fully documented projects that show the tools you used, the problem you solved, and where a reviewer can see the output, such as linked spreadsheet models, published analyses, or case studies. Add relevant coursework in finance, accounting, or data analysis and keep the whole document to one page.
Are there remote investment operations analyst internships?
Yes. Remote and hybrid roles make up 17% of the investment operations analyst internship listings here, with the rest on-site. Remote cohorts fill fast, so apply early and filter by work type to see those openings before they close.
What is a rotational investment operations internship?
Some large asset managers and custodian banks run structured rotational programs that move interns through trade settlement, fund accounting, reconciliation, and client reporting over a single summer. These programs target candidates new to investment operations, recruit in the fall for the following summer, and are competitive, so identify the ones that fit your background and apply in the first wave.
Can international students get investment operations 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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