15 Investment Banking Internships for Undergraduates
- Stephen Turban
- Oct 3
- 11 min read
For college students eager to launch a career in finance, investment banking internships for undergraduates are one of the smartest ways to get ahead. They let you experience the fast-paced world of banking while teaching high-value professional skills, from financial analysis to teamwork and even client communication, all of which make a standout addition to your resume.
Now, we know you’re probably not just looking for any internship; you want something that truly adds value. So when choosing an investment banking internship for undergraduates, look for three things: prestige, rigorous professional experience, and opportunities to network. Prestige gives weight to your resume, rigor ensures you’re actually contributing to meaningful projects, and networking opens doors to mentors and future career opportunities.
That’s why we’ve put together this list of 15 investment banking internships for undergraduates that meet all of these criteria and can help you take your first big step into finance.
15 Investment Banking Internships for Undergraduates
Location: Remote
Program Dates: Multiple cohorts throughout the year (Spring, Summer, Fall, Winter)
Application Deadline: Multiple cohorts throughout the year | Deadlines typically fall in January (Spring), May (Summer), September (Fall), and November (Winter)
Eligibility: High school students, undergraduates, and gap year students who can commit 10–20 hours/week for 8–12 weeks
The Ladder Internship Program is designed for students who want hands-on experience working directly with high-growth start-ups. You’ll spend 8–12 weeks contributing to real projects across industries like technology, AI/ML, health tech, marketing, journalism, and consulting. Each student is paired with both a company manager and a Ladder Coach, ensuring you receive guidance as you navigate your internship. The companies you’ll be working with are typically early-stage start-ups, often raising over a million dollars in funding, which means you’ll get a front-row seat to the challenges and opportunities of entrepreneurship. You’ll also be expected to present your work to the company, giving you valuable communication and professional skills. Since it’s remote, you can join from anywhere in the world while balancing school or other commitments.
Location: J.P. Morgan, London, United Kingdom
Stipend: Paid internship (exact amount not disclosed)
Program Dates: 9 weeks, beginning with five days of orientation and training
Application Deadline: November 2
Eligibility: Undergraduate students graduating between January and December of the following year | Applicants should be on track for at least a 2:1 Bachelor’s degree (or equivalent) | Fluency in English required
This nine-week internship program places you in one of J.P. Morgan’s Coverage, Advisory, or Capital Markets groups, where you’ll contribute to deals and client projects from day one. The program begins with intensive training in accounting, valuation, Excel, and financial modeling, followed by hands-on work such as building models, preparing pitchbooks, and managing client transactions. You’ll gain direct exposure to mergers and acquisitions, leveraged buyouts, and capital markets advisory. Alongside technical work, you’ll build a professional network through mentorship, senior leader interactions, and team-based projects. High-performing interns may be offered a full-time analyst role upon graduation, making this program a key pathway into investment banking.
Location: HSBC, London, UK
Stipend: Paid internship (exact amount not disclosed)
Program Dates: June – August (10 weeks)
Application Deadline: October 5
Eligibility: Undergraduate students graduating the following year | Fluency in English required | Visa sponsorship available | A minimum of a 2:1 Degree classification or equivalent
This 10-week internship introduces you to the fast-paced world of investment banking. After a week of intensive training, you’ll join one of HSBC’s teams in Strategic Advisory, Corporate Finance, or Financing Solutions, depending on your interests and business needs. You’ll work on live deals, support client presentations, conduct financial analysis, and gain exposure to valuation techniques like discounted cash flow and leveraged buyouts. Your role will also involve creating pitchbooks, management presentations, and market research for corporate and private equity clients. You’ll also develop strong collaboration and communication abilities while building a professional network at HSBC. Top performers might get an opportunity for a space in their graduate programme.
Location: Bank of America, Frankfurt, Germany
Stipend: Paid internship (exact amount not disclosed)
Program Dates: June – August (10 weeks)
Application Deadline: October 12
Eligibility: Undergraduate or postgraduate students graduating between the following September and July | Must have at least 112 UCAS points (or equivalent) and be on track for a minimum 2:1 degree classification (or equivalent) | Fluency in English required
This 10-week summer analyst program provides exposure to Bank of America’s industry, product, and country coverage teams in Europe. You’ll gain experience in groups such as Consumer & Retail, Financial Institutions, Technology, Media and Telecom, or Mergers & Acquisitions. Responsibilities include preparing client presentations, building financial analyses, researching market conditions, and supporting live deal execution. The internship begins with a week of formal training and continues with mentorship, speaker events, and on-the-job learning. This program is highly structured and designed to give you both broad exposure across investment banking and practical deal experience. Interns who perform well may be offered full-time employment upon graduation.
Location: Multiple locations such as Italy, Paris, France, and London
Stipend: Paid internship (exact amount not disclosed)
Program Dates: Typically 6 months (start and end dates vary based on business needs and candidate availability)
Application Deadline: October 26
Eligibility: Undergraduate or graduate students with strong academic backgrounds
This off-cycle internship gives you the chance to step into the role of a full-time analyst at Morgan Stanley’s Investment Banking Division. Over the course of six months, you’ll gain hands-on exposure to financial analysis, valuation, modeling, and deal execution while working on both domestic and international transactions. Responsibilities include creating pitchbooks, updating models, analyzing market data, and contributing to team and client presentations. You’ll also sit in on client meetings and internal strategy sessions, with the opportunity to present portions of your work. Training is provided through on-the-job mentorship, giving you both technical development and practical deal experience. The program is designed for students looking for deeper, longer-term exposure than a traditional summer analyst program, and successful interns may be considered for full-time roles.
Location: Barclays, Hong Kong, Central and Western District
Stipend: Paid internship (exact amount not disclosed)
Program Dates: June – August (10 weeks)
Application Deadline: Rolling basis
Eligibility: Undergraduate students graduating between December and June | Must have a GPA of 3.2 or above
At Barclays, the 10-week internship in the Coverage and Mergers & Acquisitions teams is all about getting a real feel for investment banking. You’ll gain hands-on experience in financial modeling, valuation, due diligence, industry research, and preparing client presentations. You’ll work with cross-functional teams to support new business initiatives, and may assist in the identification of opportunities, development of business cases, and even the deployment or launch of new products and services for investment banking. The program combines formal training, mentorship from senior bankers, and networking opportunities, giving you both technical skills and a feel for the culture of Barclays.
Location: Houlihan Lokey offices across the U.S. (New York, NY; Los Angeles, CA; Chicago, IL; and other locations)
Stipend: Paid internship (market-competitive salaries; exact amount not disclosed)
Program Dates: June – August (10 weeks, including 1 week of training)
Application Deadline: Check here for the relevant office and year
Eligibility: College juniors and first-year MBA students
Houlihan Lokey’s 10-week summer internship gives you direct exposure to investment banking across key business areas, including Mergers & Acquisitions, Restructuring, Capital Solutions, and Financial Valuation Advisory. The program begins with a week-long training program before you join a specific deal team, where you’ll contribute to live transactions and client projects. With Houlihan Lokey’s smaller team structure and higher deal volume compared to many peer firms, interns are expected to take on meaningful responsibilities, from financial modeling and valuation to client presentations and due diligence. Beyond the technical training, the firm emphasizes collaboration, mentorship, and cultural integration, with networking, social activities, and community events. Strong performers may receive a return offer for full-time analyst or associate positions, beginning with additional training in New York.
Location: Multiple U.S. and international offices (location options vary by application)
Stipend: Paid internship (competitive salary; exact amount not disclosed)
Program Dates: Summer (9–10 weeks)
Application Deadline: Applications open now | Typically rolling
Eligibility: Undergraduate students in their third or penultimate year of study | Strong analytical, quantitative, communication, and teamwork skills are preferred
In this internship, you’ll begin with orientation and training, then work directly with teams on projects like financial modeling, client presentations, and industry research. You will be placed in groups such as Classic Investment Banking, Mergers & Acquisitions, or the Financing Group, where you’ll contribute to live deals and proposals. The program uses an apprenticeship model, so you’ll learn by working alongside experienced bankers while receiving feedback and mentorship.
Location: Citi, Frankfurt am Main, Hesse, Germany
Stipend: Paid
Program Dates: 3-month internship with flexible start dates
Application Deadline: Rolling admissions
Eligibility: Undergraduate students pursuing Business Administration, Economics, Finance, or related fields | Fluency in English required
In this internship, you’ll step directly into the fast-paced world of investment banking, working alongside Citi’s Frankfurt-based team on real transactions. You’ll gain hands-on experience preparing client presentations, researching industry trends, and supporting teams on mergers, acquisitions, and capital markets projects. You’ll sharpen your skills in financial modeling, company valuations, and comparative analyses while collaborating with internal and external working groups. Throughout the 3 months, you’ll also develop an understanding of compliance requirements and learn how to manage deal-related documentation. Strong performers may be invited to join Citi’s full-time Investment Banking Analyst program the following year, making this internship a potential pathway to a longer career.
Location: Multiple U.S. offices (training in Little Rock, Arkansas)
Stipend: Paid internship
Program Dates: Late May – early August (10 weeks)
Application Deadline: Applications open early August and close toward the end of August
Eligibility: Open to undergraduate and graduate students graduating the following year or later
The Stephens Summer Analyst Program begins with a week of intensive training in Little Rock, taught by Stephens investment bankers, followed by direct involvement in live deals. Unlike many firms where interns are placed in one group, Summer Analysts rotate across multiple sectors and services, gaining exposure to private equity firms, family offices, and middle-market transactions. Interns take on meaningful responsibilities, including financial modeling, valuation analysis, industry research, client presentations, and due diligence. This structure ensures that participants build a versatile skill set in both quantitative and qualitative aspects of investment banking.
Location: Cantor Fitzgerald offices in Ireland (Dublin, Cork, Limerick)
Stipend: Paid internship (exact compensation not disclosed)
Program Dates: Late May – End of August (12 weeks)
Application Deadline: Applications open August 12 and close October 6
Eligibility: Open to undergraduate students
The Cantor Fitzgerald Summer Internship Programme gives university students a chance to get real experience in finance and professional services. Starting in late May, you’ll work on projects within different departments while also taking part in workshops on topics like anti-money laundering, pensions, market abuse, and financial services marketing. Each intern is paired with a mentor who offers guidance, feedback, and career advice throughout the programme. You’ll strengthen skills like teamwork, communication, and problem-solving, and the experience wraps up with a final presentation to senior staff and invited guests.
Location: Chicago, IL
Stipend: Paid internship
Program Dates: Summer (10 weeks)
Application Deadline: September 28 (rolling review; admissions taking place between August – December)
Eligibility: Open to undergraduate and master’s students graduating in the following Winter or Spring
Marathon Capital’s Summer Analyst Internship offers students the opportunity to work directly with senior bankers on renewable energy and infrastructure-focused transactions. Over the course of ten weeks, interns gain experience across the full deal lifecycle, from origination to closing. Responsibilities include building financial models, conducting industry and company research, preparing offering materials and management presentations, and supporting live transaction execution. Candidates are expected to demonstrate strong analytical and financial skills, proficiency in Excel and PowerPoint, and a passion for sustainable energy and infrastructure markets. The recruiting process includes a written application with short-answer questions, followed by a modeling exercise, first-round interviews, and a virtual Super Day. Marathon Capital, recognized globally as a leading clean energy advisory firm, provides interns with exposure to a high-growth sector while fostering strategic and critical thinking skills essential to investment banking.
Location: London, UK
Stipend: Paid internship (exact compensation not disclosed)
Program Dates: June – August (10 weeks)
Application Deadline: November 2 (rolling review)
Eligibility: Open to undergraduate students in their penultimate year, graduating in the following Spring/Summer
The Jefferies Summer Internship in London is highly selective and provides penultimate-year students with the chance to work in a lean deal team structure that emphasizes hands-on learning and exposure to live transactions. Interns are involved in financial modeling, valuation analysis, pitchbook creation, industry research, and client presentations, while also contributing to the execution of M&A and financing transactions. Jefferies places interns in an entrepreneurial environment where they are expected to think creatively, manage multiple projects under pressure, and contribute from the first day. Alongside technical skills, the program emphasizes professionalism, adaptability, and teamwork in a client-focused setting. Strong performance during the internship may lead to a return offer for a full-time analyst position upon graduation.
Location: Raleigh, North Carolina, USA
Cost/Stipend: Paid (hourly rate not specified)
Program Dates: June – August (10 weeks)
Application Deadline: October 24
Eligibility: Undergraduate students graduating between the following December and June
The UBS Investment Banking Operations Summer Internship is a 10-week program that places you at the backbone of UBS’s global investment bank, supporting sales and trading through risk management, regulatory compliance, and process efficiency. Based in Raleigh, you’ll gain firsthand exposure to financial products, front-to-back workflows, and how global markets impact operational risks. Interns work on projects such as securities processing, client onboarding, and supporting emerging business areas, while sharpening technical skills in Excel, PowerPoint, and AI-enabled tools. The program includes mentorship from experienced professionals, interactive training, and access to senior leaders, ensuring you’re not just observing but contributing directly to UBS’s operations. If you perform well, you may receive an offer to return for UBS’s Graduate Talent Program, which is the next step toward a full-time career in investment banking operations at one of the world’s largest global financial institutions.
Location: Charlotte, NC, USA
Stipend: Paid internship (competitive base salary, varies by location/experience)
Program Dates: 11 weeks in the Summer (late May – early August)
Application Deadline: October 20
Eligibility: Undergraduate students graduating the following December – May
Fifth Third Bank’s Corporate Investment Banking (CIB) Summer Internship offers college students an immersive, 11-week experience combining real deal execution with targeted professional development. Interns gain exposure to corporate finance, capital markets, and investment banking transactions while building financial models, conducting valuations, and preparing client presentations. Working alongside senior bankers, students learn to synthesize financial data, assess client relationships, and structure complex transactions such as acquisitions and recapitalizations. The program emphasizes hands-on learning, teamwork, and risk accountability, culminating in a final presentation to senior leadership. With mentorship, networking, and exposure across multiple business lines, this internship prepares students for potential full-time opportunities in Fifth Third’s CIB division.
One other option — The Lumiere Research Scholar Program
If you’re interested in pursuing independent research, consider applying to one of the Lumiere Research Scholar Programs, selective online high school programs for students founded with researchers at Harvard and Oxford. Last year, we had over 4,000 students apply for 500 spots in the program! You can find the application form here.
Also check out the Lumiere Research Inclusion Foundation, a non-profit research program for talented, low-income students. Last year, we had 150 students on full need-based financial aid!
Stephen is one of the founders of Lumiere and a Harvard College graduate. He founded Lumiere as a PhD student at Harvard Business School. Lumiere is a selective research program where students work 1-1 with a research mentor to develop an independent research paper.
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