15 Investment Banking Internships for Undergraduates
Internships are a strong option for college students because they provide exposure to professional skills, industry experience, and valuable connections, all while serving as a powerful addition to a student’s resume. They are generally flexible and widely available, giving students the chance to gain experience in different industries without requiring relocation.
Why should I do an investment banking internship in college?
For students interested in investment banking, internships are important as they offer early insight into financial modeling, deal processes, and the field's fast-paced nature. These experiences help you confirm your interest in investment banking. They also significantly boost your employment chances after graduation by signaling your readiness to employers.
We’ve narrowed down our list of 15 top investment banking internships for undergraduates by focusing on prestige, the rigor of the professional experience, and opportunities to network with professionals.
1. Ladder University Internship Program
Location: Remote! You can work from anywhere in the world.
Application deadline: Deadlines vary depending on the cohort. Spring (January), Summer (May), Fall (September), and Winter (November).
Program dates: Multiple cohorts throughout the year, including Spring, Summer, Fall, and Winter.
Eligibility: Students who can work for 10-20 hours/week for 8-12 weeks. Open to undergraduates and gap year students!
Ladder University Internship Program is a selective, virtual internship program where you work with startups and nonprofits from around the world! The startups range across a variety of industries. As part of their internship, each student will work on a real-world project that is of genuine need to the startup they are working with, and present their work at the end of their internship. Interns work closely with their manager at the startup. Apply now!
2. JPMorganChase Investment Banking Summer Analyst Program
Location: Various global offices, including New York, NY
Cost/Stipend: Paid (specific amount unspecified)
Acceptance rate: Not specified
Application Deadline: April 1
Dates: 9 weeks in the summer
Eligibility: College sophomores/juniors
You join one of the investment banking groups in Coverage, Advisory, or Capital Markets for nine weeks. You gain hands-on experience supporting client businesses through deals and transactions. You will receive five days of initial training on accounting fundamentals, financial modeling, valuation, and Excel, plus ongoing supplemental sessions. You interact with clients and global teams while building technical skills. You network with professionals and other interns, paired with mentors for guidance. High performers may receive full-time offers. Specific 2027 programs include Latin America Advisory and Sustainable Solutions Advisory in New York.
3. HSBC Investment Banking Internship
Location: HSBC, London, UK
Cost/Stipend: No cost; paid internship (exact amount not disclosed)
Acceptance rate: No information available
Application Deadline: October 5
Dates: June – August (10 weeks)
Eligibility: Undergraduate students graduating the following year | A minimum of a 2:1 Degree classification or equivalent
This 10-week internship gives you an overview of how investment banking teams operate in a professional setting. After an initial training period, you will be placed with a group in Strategic Advisory, Corporate Finance, or Financing Solutions based on business needs and your interests. You support ongoing transactions by assisting with financial analysis, preparing materials for client meetings, and contributing to live deal execution. The role gives exposure to valuation methods such as discounted cash flow and leveraged buyout analysis, as well as research on companies and markets. You are responsible for helping create pitchbooks, management presentations, and other client-facing documents for corporate and private equity clients. Throughout the program, you work closely with team members, develop communication skills, and build connections within the firm, with strong performance potentially leading to consideration for a graduate program.
4. Morgan Stanley Investment Banking Off-Cycle Internship
Location: Milan
Cost/Stipend: No cost; paid internship (exact amount not disclosed)
Acceptance rate: Not specified
Application Deadline: October 26
Dates: Typically 6 months
Eligibility: Undergraduate or graduate students with strong academic backgrounds
This off-cycle internship places you within Morgan Stanley’s Investment Banking Division for a six-month period, where you work alongside full-time analysts on active transactions. You will support teams on both domestic and international deals by assisting with financial modeling, valuation work, and transaction analysis. Your responsibilities include preparing pitch materials, updating financial models, reviewing market and company data, and contributing to internal and client-facing presentations. You may attend client meetings and internal discussions, with opportunities to present your analysis when appropriate. Learning is primarily driven by on-the-job guidance from team members, allowing you to build technical skills through real-world exposure. Compared to a short-term summer program, this role offers more sustained involvement, and strong performance may lead to consideration for a full-time position.
5. Guggenheim Securities Investment Banking Summer Analyst Program
Location: Varies based on role. Primarily at Guggenheim Securities, various U.S. offices, including Atlanta, Boston, Chicago, Houston, Menlo Park, and New York
Cost/Stipend: Paid internship (salary; exact amount unspecified)
Acceptance rate: Not specified
Application Deadline: Rolling
Dates: Varies based on role
Eligibility: Sophomore undergraduates interested in investment banking
You join Guggenheim Securities as a Summer Analyst on small, collaborative deal teams focused on M&A and sell-side advisory. You will work on live and potential transactions for private equity firms and corporate clients, particularly in high-growth market segments. Your responsibilities include financial analysis, modeling, company and industry research, and preparing client presentations. You participate in formal training, mentoring, networking, social events, and community service activities. During the 10 weeks, you function as a junior analyst, gaining meaningful exposure to senior bankers and client representatives. You are encouraged to take initiative in an unstructured environment that values creativity and maturity. The program serves as a key pipeline to full-time analyst roles for strong performers.
6. William Blair Investment Banking Summer Analyst Program
Location: William Blair, Atlanta, GA / Boston, MA / Charlotte, NC / Chicago, IL / Los Angeles, CA / New York, NY / San Francisco, CA / London, UK
Cost/Stipend: Paid internship (salary; exact amount unspecified)
Acceptance rate: Not specified
Application Deadline: Unspecified
Dates: 9-week summer program (Unspecified exact dates)
Eligibility: Undergraduates entering their final year of study (rising seniors)
This program assigns interns directly to an investment banking group and works closely with senior bankers on pitches and live transactions. Responsibilities typically include financial modeling, valuation analyses, industry and company research, and the preparation of client materials. Exposure to different sectors and product types depends on the group assignment. The program combines structured training with on-the-job learning in a collaborative environment. There are also opportunities to interact with professionals across offices, such as Chicago, New York, and others listed on the program page. The internship is positioned as a primary pathway into William Blair’s full-time analyst roles.
7. Jefferies Investment Banking Summer Analyst Program
Location: Jefferies, multiple U.S. offices (including New York, NY; others vary by posting)
Cost/Stipend: Paid internship (salary; exact amount unspecified)
Acceptance rate: Not specified
Application Deadline: TBA
Dates: 10‑week program, in the summer, specific dates not specified
Eligibility: Undergraduates interested in finance, typically in their penultimate year (rising seniors)
This investment banking internship for undergraduates lets you work with lean deal teams across products and sectors. You will participate in an initial training and orientation period that covers technical skills such as modeling and valuation. Your day-to-day responsibilities include company and industry research, building financial models, preparing pitch books, and assisting in live deal execution. You work closely with senior bankers, which can give you direct client exposure on active mandates. The program is structured to provide a broad understanding of Jefferies’ equity, debt, and M&A advisory capabilities. You also participate in firmwide educational and social events to build your internal network. Strong performance can position you for a full-time analyst offer after graduation.
8. Evercore Strategic Advisory: Mergers & Acquisitions Summer Analyst Program
Location: Evercore, New York, NY
Cost/Stipend: Paid (expected base salary range $120,000 annualized)
Acceptance rate: Not specified
Application Deadline: February 1
Dates: 10-week summer program (Unspecified exact dates)
Eligibility: Undergraduates in the coming year; all majors
This is a 10-week paid investment banking internship in New York for rising seniors. It focuses on strategic advisory and M&A for undergraduates. You join Evercore’s 10-week Summer Analyst Program as a generalist in New York, working on strategic advisory and M&A assignments. You will receive internal training before contributing to projects in mergers, restructurings, recapitalizations, divestitures, partnerships, and joint ventures. On small teams, you handle tasks such as preparing for client meetings, financial modeling, resolving accounting issues, industry analysis, due diligence, and new business development. You maintain close contact with clients and firm partners. The program expects you to manage multiple projects, demonstrate flexibility in a boutique setting, and learn on the job.
9. Houlihan Lokey Summer Internship Program
Location: Houlihan Lokey offices across the U.S. (New York, NY; Los Angeles, CA; Chicago, IL; and other locations)
Cost/Stipend: No cost; paid internship (market-competitive salaries; exact amount not disclosed)
Acceptance rate: Not specified
Application Deadline: Varies by location
Dates: June – August (10 weeks, including 1 week of training)
Eligibility: College juniors and first-year MBA students
Houlihan Lokey’s 10-week summer internship places you within an investment banking group such as Mergers & Acquisitions, Restructuring, Capital Solutions, or Financial Valuation Advisory. The program starts with an initial training period, after which you join a deal team and support ongoing transactions and client work. You contribute to tasks such as financial modeling, valuation analysis, due diligence, and the preparation of client materials. Because teams are relatively lean, you are expected to take on responsibilities similar to those of junior analysts. The internship also includes mentorship and opportunities to interact with colleagues through firm events and group activities. At the end of the program, interns who perform well may be considered for a full-time role, which typically begins with additional training.
10. Goldman Sachs Summer Analyst Program
Location: Multiple U.S. and international offices (location options vary by application)
Cost/Stipend: No cost; paid internship (competitive salary; exact amount not disclosed)
Acceptance rate: ~1%
Application Deadline: Rolling basis
Dates: Summer (9–10 weeks)
Eligibility: Undergraduate students in their third or penultimate year of study
You start the internship with an orientation and training period before joining a team and supporting ongoing work. You will be placed in areas such as Classic Investment Banking, Mergers & Acquisitions, or the Financing Group, depending on business needs. Your responsibilities include assisting with financial models, preparing materials for client meetings, and conducting research on the company and industry. You contribute to active transactions and proposals alongside full-time team members. The program follows an apprenticeship-style approach, allowing you to learn through day-to-day work while receiving guidance and feedback from experienced bankers.
11. Stephens Investment Banking Summer Analyst Program
Location: Multiple U.S. offices (training in Little Rock, Arkansas)
Cost/Stipend: No cost; paid internship
Acceptance rate: Not specified
Application Deadline: Applications open early January and close toward the end of January
Dates: Typically late May/ early June – early August (10 weeks)
Eligibility: Undergraduate and graduate students graduating the following year or later
You begin the Stephens Summer Analyst Program with a week of training in Little Rock led by Stephens investment bankers, followed by hands-on work on active transactions. Rather than being assigned to a single group, you will rotate across different sectors and service areas throughout the program. This rotation provides exposure to work with private equity firms, family offices, and middle-market clients. Your responsibilities include supporting financial models, performing valuation analysis, conducting industry research, and helping prepare client materials and due diligence. The program structure is designed to help you develop both technical and analytical skills across a range of investment banking activities.
12. Cantor Fitzgerald Summer Internship Program
Location: Cantor Fitzgerald offices in Ireland (Dublin, Cork, Limerick)
Cost/Stipend: No cost; paid internship (compensation not disclosed)
Acceptance rate: Not specified
Application Deadline: October 6 (Open August 12)
Dates: 12 weeks in the summer, specific dates not specified
Eligibility: Open to undergraduate students
The Cantor Fitzgerald Summer Internship Programme allows you to gain practical experience within finance and professional services over the course of the summer. Beginning in late May, you will work on projects across different departments while attending workshops on topics such as anti-money laundering, pensions, market abuse, and financial services marketing. You are assigned a mentor who provides feedback and guidance throughout the program. The internship helps you develop core professional skills, including collaboration, communication, and problem-solving. The program concludes with a final presentation, during which you share your work with senior team members and invited attendees.
13. Barclays Banking Summer Internship Program
Location: Barclays, New York, NY
Cost/Stipend: No cost; paid internship (base salary is $175,000 annually)
Acceptance rate: Not specified
Application Deadline: Unspecified
Dates: 10-week summer program (Unspecified exact dates)
Eligibility: Undergraduates in penultimate year pursuing a degree (rising seniors preferred)
You join Barclays’ 10-week summer internship in Investment Banking, working with teams across industry, product, or geographic groups. You spend the period learning to execute transactions through live deals and proposals. Your tasks will include financial analysis and modeling, valuation, industry research, client due diligence, and developing materials such as offering memoranda and presentations. You advise corporate clients on mergers, acquisitions, capital raising, structured solutions, or risk management. You collaborate with cross-functional teams on business initiatives and participate in training programs. You gain broad exposure to clients and transactions in a full-service investment bank. The program is structured for your penultimate university year to build skills toward full-time roles.
14. Citi Banking, Investment Banking, Placement Analyst Internship
Location: Citi, Paris, Île-de-France, France
Cost/Stipend: Paid (salary range €43,900–€68,100; details discussed in process)
Acceptance rate: Not specified
Application Deadline: Rolling basis (apply ASAP)
Dates: July
Eligibility: University students
You take part in a 6-month Placement Analyst Internship with Citi’s France Investment Banking team. In this role, you support work related to financial analysis and business development. Your responsibilities will include researching industries, reviewing market trends, building financial models, and helping assess company valuations. You also assist in preparing materials for discussing potential corporate finance strategies. As part of the team’s client work, you help coordinate data and contribute to presentations that outline ideas for corporate clients. These clients may be considering mergers, acquisitions, divestitures, restructurings, or capital raising through equity, debt, or derivatives. The internship includes training designed to help you apply academic concepts to practical transaction work. You work full-time on-site in Paris during the program. Students who perform well may be considered for full-time opportunities after graduation.
15. Bank of America Global Investment Banking Summer Analyst Program
Location: Chicago, Illinois; Houston, Texas; Los Angeles, California; Miami, Florida; New York, New York; Palo Alto, California; San Francisco, California
Cost: None; stipend provided
Acceptance rate: Not specified
Application Deadline: March 31
Dates: Summer, dates unspecified
Eligibility: Pursuing a bachelor’s or direct-to-master’s degree with a preferred GPA of 3.5+
This investment banking internship for undergraduates gives you a structured introduction to investment banking. You will be placed on an industry, country, or product coverage team, where you will support capital-raising and strategic advisory work for large U.S. and multinational clients. The role exposes you to core areas such as mergers and acquisitions, corporate banking, and debt and equity products, helping you understand how different financial services come together in practice. You begin the program with formal training and continue learning through on-the-job experience, speaker sessions, and mentorship from experienced professionals. Your day-to-day responsibilities include building and updating financial models, performing valuation and transaction analyses, researching companies and industries, and preparing client presentations. You also participate in due diligence processes and collaborate closely with the deal team, often managing multiple tasks at once.
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