16 Banking Internships for Undergraduates
Internships for undergraduates serve as a practical way to build essential skills and explore career paths. These opportunities expose you to professional environments where you can develop technical abilities, gain industry knowledge, and form connections with mentors. Adding such experiences to your resume demonstrates initiative and preparedness to potential employers. Online internships allow you to participate without relocating, making them a flexible choice.
Why should I do a banking internship in college?
Doing a banking internship in college gives you practical skills in areas like financial analysis and risk assessment, which are directly applicable to post-graduation roles. You'll benefit from structured training that enhances your understanding of market trends and regulatory frameworks. Many programs offer mentorship, which can help you navigate career decisions. Completing an internship boosts your employment prospects, as firms often extend full-time offers to strong performers, with conversion rates sometimes exceeding 70%. Overall, it helps you confirm if banking aligns with your interests.
If you're looking for more prestigious internships, check out this set of blogs on banking opportunities and high-impact summer programs.
Below, we've curated this list of the top 16 banking internships for undergraduates. We have evaluated programs through three primary lenses: prestige, rigor of professional experience, and opportunities to network, prioritizing programs that offer access to senior executives.
1. Goldman Sachs Summer Analyst Program
Location: Various locations, including New York City (Global Headquarters), Jersey City, Dallas, Salt Lake City, and San Francisco
Stipend: Paid, amount not disclosed
Dates: June – August
Application Deadline: Rolling basis
Eligibility: Undergraduates in their penultimate year of study
In this banking internship for undergraduates, you join one of the firm's divisions, such as investment banking, where you contribute to live transactions and client advisory services. You learn skills in financial modeling, due diligence, and market research through hands-on assignments. Special projects might involve preparing pitch books or analyzing merger opportunities, with opportunities for collaboration with teams across the firm. Mentorship comes from assigned advisors who provide feedback and career guidance. You participate in training workshops on topics like valuation techniques and industry trends. The program includes networking events to connect with professionals and peers.
2. Ladder's University Internships
Location: Virtual
Cost/Stipend: Cost varies depending on the program type; financial aid is available / No stipend
Dates: Multiple cohorts throughout the year, including Spring, Summer, Fall, and Winter
Application Deadline: Varies depending on the cohort; Spring (January), Summer (May), Fall (September), and Winter (November)
Eligibility: High school students, undergraduates, and gap year students who can work for 10-20 hours/week, for 8-12 weeks
The Ladder University Internship Program is a selective, eight-week virtual experience where you tackle real-world projects within high-growth startups and NGOs. You will explore diverse topics ranging from AI and finance to health tech and environmental science. Throughout the cohort, you’ll collaborate in weekly meetings, build project prototypes or market reports, and deliver a final presentation to company leadership. A unique feature is the direct matching with founders from prestigious backgrounds like McKinsey or Y Combinator, offering elite professional mentorship. By the end, you’ll have sharpened essential skills like data analysis, professional communication, and critical problem-solving. This journey bridges the gap between your university studies and a fast-paced professional career.
3. JPMorgan Chase Investment Banking Analyst
Location: New York City (All groups), San Francisco (Healthcare, Tech, M&A), Chicago, Houston, Los Angeles, Dallas, and Boston
Stipend: Paid, amount not disclosed
Dates: 9 weeks between early June and early August
Application Deadline: April 1
Eligibility: Undergraduates or master’s students
The JPMorgan Chase Investment Banking Summer Analyst Program is a premier 9-week internship that serves as a direct pipeline for full-time analyst roles. This banking internship for undergraduates places you in coverage, advisory, or capital markets groups, where you assist with deal execution and client presentations. You develop skills in financial analysis, valuation, and transaction structuring through daily tasks. You might participate in special initiatives like industry research or modeling for potential acquisitions. Collaboration with senior bankers offers insights into strategic decision-making. Mentorship is structured, with regular check-ins to support your growth. The program features training sessions and exposure to real-time market dynamics.
4. Morgan Stanley Summer Analyst Program
Location: Various locations, including New York, NY
Stipend: $52.89/hour
Dates: 10 weeks between June and August
Application Deadline: February 15
Eligibility: Penultimate-year undergraduates with a GPA of 3.4 or higher
The Morgan Stanley Summer Analyst Program is a 10-week professional development internship for undergraduates. As part of this banking internship, you will work on teams handling mergers, acquisitions, or capital raisings, contributing to pitch materials and financial models. Special projects could include sector-specific research or supporting live transactions, enabling you to acquire skills in quantitative analysis, client communication, and deal strategy. You collaborate with professionals across global offices for a broad perspective, and mentorship includes guidance from experienced analysts and associates. Networking opportunities arise through firm-wide events and presentations.
5. Bank of America Global Investment Banking Summer Analyst
Location: Various locations, including New York, Chicago, Houston, Charlotte, Palo Alto, San Francisco
Stipend: Paid hourly, rate not disclosed
Dates: 10 weeks between June and August
Application Deadline: March 31
Eligibility: Undergraduates pursuing a bachelor’s degree or a bachelor’s direct to master’s degree from an accredited college or university
The Bank of America Global Investment Banking (GIB) Summer Analyst Program is a premier 10-week internship designed for undergraduate and master's students. In this internship, you will support teams in advisory services, debt, or equity capital markets, focusing on transaction support and market analysis. You build skills in financial forecasting, client relationship management, and regulatory compliance. Initiatives may involve site visits to clients or contributing to deal memos, where you work closely with mentors for feedback on your performance. Training covers core banking concepts and tools, and the program emphasizes hands-on involvement in team projects.
6. Citi Investment Banking Summer Analyst
Location: Various locations, including New York, Chicago, Houston, San Francisco, Calgary, Montreal
Stipend: Approximately $21,000 for 10 weeks
Dates: 10 weeks between early June and August
Application Deadline: Rolling basis
Eligibility: Students (juniors/sophomores, depending on the cycle) graduating in either of the subsequent two years of the internship
Citi’s Investment Banking Summer Analyst program is a prestigious 10-week pipeline for undergraduates, typically leading to full-time offers. This internship involves assisting with capital markets transactions, mergers, and advisory work in a global setting. You might engage in projects like Latin America-focused debt issuances or industry benchmarking and collaborate with cross-functional teams to enhance your understanding of international finance. Mentorship is provided through dedicated programs, and you also attend sessions on career development and networking. Ultimately, you learn skills in modeling, pitch development, and economic analysis.
7. Barclays Investment Banking Summer Analyst
Location: Various locations, including New York, NY.
Stipend: Paid, amount not disclosed
Dates: 10 weeks between early June and August
Application Deadline: Rolling basis
Eligibility: Penultimate-year undergraduates
The Barclays Investment Banking Summer Analyst Program is a 10-week intensive internship geared toward students in their penultimate year of study. In this banking internship, you will aid in capital markets activities, such as underwriting and advisory, with exposure to real deals. You learn topics such as risk assessment, financial structuring, and client presentations. Special tasks could include market research or supporting equity offerings, where you collaborate with professionals on team-based projects. Mentorship helps you refine your approach to banking challenges. The program also includes training on market tools and trends.
8. UBS Summer Internship Program
Location: New York City (NYC), Nashville, Chicago, San Francisco, Los Angeles, and Weehawken (NJ)
Stipend: Paid hourly, rate not disclosed
Dates: 10 weeks between June and August
Application Deadline: Rolling basis
Eligibility: Undergraduates in their second-to-last year of studies; cumulative GPA of 3.0 or higher
The UBS Summer Internship Program in the U.S. is a 10-week professional development experience designed for high-achieving undergraduates. This internship for undergraduates offers roles in investment banking, where you contribute to advisory and capital markets work. You develop skills in valuation, due diligence, and strategic analysis. Projects may involve research on client portfolios or deal simulations, where you may work alongside experienced bankers for practical insights. Mentorship and training sessions support your learning, and networking is facilitated through events and team interactions.
9. Deutsche Bank Analyst Internship Program
Location: New York, NY (Primary); Jacksonville, FL; Cary, NC; and San Francisco, CA
Stipend: Paid, amount not specified
Dates: 10 weeks between June and August
Application Deadline: Typically late February
Eligibility: Penultimate year undergraduate students
The Deutsche Bank Summer Analyst Internship in the US is a 10-week program tailored for high-achieving undergraduates, using it as the primary pipeline for its full-time Graduate Program. In this internship, you will engage in tasks like financial modeling and client advisory within investment banking teams. You learn skills in transaction execution, market intelligence, and compliance, and initiatives could include contributing to pitch books or industry reports. Collaboration with global teams broadens your perspective, and mentorship is ongoing, with feedback mechanisms. The program features formal training and networking opportunities.
10. Wells Fargo Investment Banking Summer Internship
Location: New York, NY; Charlotte, NC; Houston, TX (Energy & Power); San Francisco/Los Angeles, CA; Chicago, IL; and Washington, D.C.
Stipend: $53/hour
Dates: 10 weeks between early June and early August
Application Deadline: Late April
Eligibility: Undergraduates with an expected graduation date between the two subsequent years of the internship
This banking internship for undergraduates involves supporting corporate and investment banking activities, including deal sourcing and analysis. The program is non-rotational; you are placed in a specific coverage or product group (e.g., Healthcare, Technology, M&A, Leveraged Finance) for the full 10 weeks. You build skills in credit evaluation, financial reporting, and client service, and might also participate in projects like portfolio reviews or market forecasting. Team collaboration provides exposure to sector expertise, and mentorship from senior staff aids your development. Training covers banking fundamentals and tools.
11. Capital One Finance Internship
Location: Primary hub is McLean, VA (Headquarters). Other roles may be available in Richmond, VA, Plano, TX, Chicago, IL, and New York, NY
Stipend: Paid, amount not disclosed
Dates: 10 weeks between June and August
Application Deadline: Rolling basis
Eligibility: Currently pursuing a Bachelor’s degree with an expected graduation by July next year or earlier; must be a U.S. citizen or Permanent Resident
The Capital One Finance Internship Program is a 10-week, data-driven summer immersion designed for undergraduates to act as "change agents" within the firm’s corporate finance and strategy teams. It is essentially a "working interview" for their full-time Finance Rotation Program (FRP). As part of this internship, you will work on finance projects, such as risk management or product development, and acquire skills in data analysis, budgeting, and strategic planning. Special initiatives may include innovation challenges or process improvements where you collaborate with cross-functional teams. Mentorship includes career coaching sessions, and the program emphasizes practical application through real assignments.
12. U.S. Bank Summer Internship
Location: Hybrid model (typically 3 days in-office). Major hubs include Minneapolis, MN (HQ); Cincinnati, OH; Charlotte, NC; New York, NY; Los Angeles, CA; and Denver, CO
Stipend: Paid hourly, rate not disclosed
Dates: 10 weeks between early June and early August
Application Deadline: Rolling basis; some internships have a mid-February deadline
Eligibility: Rising seniors: Currently pursuing a Bachelor’s degree with a target graduation date of December of the internship year or the next May
U.S. Bank offers a range of undergraduate summer internships through its Early Careers program, typically 10-week, paid experiences designed for students in their penultimate year of study. This internship focuses on areas like corporate banking, where you assist with loan processing and client support, learning skills in financial review, compliance, and relationship management. Projects could involve data-driven insights or operational enhancements, and you work with professionals on daily operations. Mentorship is provided for skill refinement, and networking occurs through program events.
13. Piper Sandler Investment Banking Summer Analyst
Location: Minneapolis (HQ), New York, San Francisco, Charlotte, Chicago, Houston, Boston, Richmond, and Birmingham (MI)
Stipend: Paid, amount not disclosed
Dates: 10 weeks between June and August
Application Deadline: Rolling until full
Eligibility: Undergraduates in their junior year (penultimate year)
The Piper Sandler Investment Banking Summer Analyst Program is a 10-week intensive internship geared toward middle-market advisory, including M&A and capital markets. In this banking internship for undergraduates, you will support investment banking teams with research, modeling, and transaction support, gaining skills in valuation, market analysis, and deal preparation. You might also contribute to client pitches or sector studies, and collaborate with analysts, offering industry exposure. Mentorship guides your professional growth, and the program also includes training on financial concepts.
14. Rothschild & Co Internship
Location: Primary offices are in New York (HQ), Santa Monica, Houston, and Chicago
Stipend: Paid, amount not specified
Dates: 10 weeks between June and August
Application Deadline: Early January
Eligibility: Undergraduates with an anticipated graduation date between the subsequent two years of the internship
Rothschild & Co’s US internship program, specifically the Global Advisory Summer Analyst track, is a premier opportunity for students to work within one of the world's leading independent financial services groups. This banking internship for undergraduates involves advisory work, such as mergers and restructurings, enabling you to learn quantitative modeling, strategic advice, and client interaction. Projects may include due diligence or financial projections where you collaborate with global teams. Mentorship from advisors supports your learning, and networking is part of the experience.
15. Oppenheimer Summer Internship
Location: Primarily New York, NY (Headquarters). Other opportunities may exist in regional hubs like Atlanta, GA, Chicago, IL, and Miami, FL
Stipend: Paid hourly, rate not disclosed
Dates: 8–10 weeks between June and August
Application Deadline: Varies by department
Eligibility: Undergraduate students entering their senior year (graduation next May) or junior year; minimum GPA of 3.2
The Oppenheimer & Co. Summer Internship Program is a structured, 8–10 week immersion into the financial services industry. Unlike many banks that recruit nearly 18 months in advance, Oppenheimer typically opens its main applications in the spring, where you engage in activities such as company valuation, financial modeling, and transaction structuring. Initiatives could include project-based assignments or client research where you work closely with teams for practical experience. By the end, you will have built skills in market monitoring, report writing, and analysis.
16. World Bank Treasury Summer Internship
Location: Washington, DC.
Stipend: $26.20/hour for U.S. citizens; $21.80/hour for non-U.S. citizens
Dates: May 26 – August 3
Application Deadline: October 12
Eligibility: Undergraduate students enrolled in the second-to-last year of a four-year college degree, graduating in either December of the application year or the subsequent September
The World Bank Treasury Summer Internship is a prestigious, highly structured program specifically designed for undergraduate students. It is unique within the World Bank as it is the only internship track dedicated to college-level (undergraduate) students. It centers on treasury operations, including asset management and risk assessment, where you learn skills in portfolio analysis, financial instruments, and economic research. You might participate in projects like sustainability initiatives or data modeling and collaborate with international experts, learning global insights. The program also includes seminars on development finance.