Summer 2027

Wealth & Asset Management Intern

Posted on 9/8/2026

Deadline 10/9/26
U.S. Bank

U.S. Bank

10,001+ employees

Offers banking, loans, mortgages, investment advisory

Compensation Overview

$21.25 - $28.32/hr

+ Sign-on bonus

Minneapolis, MN, USA

Hybrid

Three or more days per week on-site at a U.S. Bank location.

Bachelor's

Category
Finance & Banking
Required Skills
Financial analysis
Fixed Income Securities
Excel/Numbers/Sheets
Financial Modeling

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Requirements
  • Currently pursuing a bachelor's degree with a target graduation date of December 2027 or Spring 2028.
  • Basic understanding of financial and accounting terms, concepts, and applications.
  • Ability to start the internship program on June 7, 2027.
  • Analytical ability to use numbers to identify the root cause of an issue or provide recommendations.
  • Ability to use qualitative and quantitative analysis or financial modeling to tell a story.
  • Business acumen, communication, problem-solving, and project management skills.
Responsibilities
  • Perform research, analysis, review, development, implementation, and monitoring of new or revised products and services.
  • Analyze current costs and estimate the cost or cost savings and enhanced benefits that may be achieved by implementing a recommendation.
  • Compile and analyze information for an assigned project or area and make recommendations based on findings.
  • Co-lead and influence a working team of project staff.
  • Act as a project liaison with other departments.
  • Develop technical and business acumen through training, mentorship, and exposure to senior executives.
  • Build a supportive community of peers through cohort-strengthening activities such as social events, volunteer days, and development workshops.
Desired Qualifications
  • Strong interest in finance, project management, consulting, and/or investment management.
  • Exceptional communication and presentation skills.
  • Strong work ethic with a proactive, flexible attitude and willingness to assist where needed.
  • Developed problem-solving skills and a solutions-focused approach to addressing challenges.
  • Outstanding teamwork and project execution skills with multitasking capability.
  • Integrity and ethics.
  • Proficiency in Office 365, with strong skills in Excel.

U.S. Bank provides a wide range of banking and financial services for individuals, small businesses, and large corporations, including checking, savings, loans, mortgages, and investment advisory. Its products run through a network of physical branches and digital tools like a mobile app, enabling customers to open accounts, transfer funds, apply for loans, invest, and receive guidance. Revenue comes mainly from interest on loans, service fees, and advisory fees. The bank differentiates itself with a broad product lineup, accessibility, and inclusion, aiming to make banking easier and more accessible for people across the United States.

Company Size

10,001+

Company Stage

IPO

Headquarters

Minneapolis, Minnesota

Founded

1863

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Simplify Jobs

Simplify's Take

What believers are saying

  • Second-quarter 2026 revenue hit a record $7.7 billion, with 18.7% ROTCE.
  • Fee income rose 13.2% in Q2 2026, boosted by BTIG's first-month $98 million.
  • More than 50 new bankers joined in 2026, accelerating growth in Texas, Arizona, Florida, Georgia.

What critics are saying

  • Mortgage servicing rights stayed at $1.58 billion; Fed stress tests flagged 5%-13% valuation declines.
  • CFPB and OCC penalties over ReliaCard froze benefits case still scar leadership credibility.
  • BTIG integration must deliver $200 million quarterly by late 2026 or revenue momentum stalls.

What makes U.S. Bank unique

  • BTIG added institutional sales, trading, research, and M&A advisory in June 2026.
  • U.S. Bank is expanding business banking into Florida and Georgia outside its branch footprint.
  • Gunjan Kedia is diversifying revenue beyond lending, targeting capital markets above 10% of revenue.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

401(k) Retirement Plan

Paid Vacation

Paid Holidays

Adoption Assistance

Paid Sick Leave

Company News

Associated Press
Sep 2nd, 2026
US bank earnings jump 12% to $90B as Whalen warns of securities lending and mortgage risks

U.S. bank quarterly net income surged to $90.1 billion in the second quarter of 2026, up 12% from the previous quarter, according to Whalen Global Advisors' latest report. Noninterest income rose $5.5 billion, or 6.1%, driven by higher trading revenue and fee income linked to the AI stock boom. However, Christopher Whalen, WGA Chairman, warns that margin lending and borrowing tied to securities transactions is growing faster than loans to non-depository financial institutions. The report also highlights potential vulnerabilities in mortgage finance, noting that bank-owned mortgage servicing rights have been significantly overvalued since late 2023. Whalen argues that current practices enable banks to lend against mortgage servicing rights at potentially unrealisable valuations, creating risks as credit conditions tighten.

Minichart
Sep 1st, 2026
Spire secures $400M delayed draw term loan facility with 364-day maturity

Spire Inc. has secured a $400 million delayed draw senior unsecured term loan facility, the company announced on 1 September 2026. The credit agreement was established with a syndicate of banks led by Mizuho Bank and U.S. Bank National Association as joint lead arrangers and bookrunners. The facility allows up to four separate borrowings until the earliest of full utilisation, the fourth borrowing, or 1 December 2026. Pricing is set at Adjusted Term SOFR plus 0.80% per annum, with a 364-day maturity from the effective date. Proceeds will be used for general corporate purposes. The agreement includes standard covenants, including a consolidated capitalisation ratio requirement not exceeding 70% at each fiscal quarter-end. The delayed draw structure and short-term maturity suggest potential capital deployment or strategic activity ahead.

Business Wire
Aug 31st, 2026
U.S. Bank adds 50+ business banking roles in Florida, Georgia, Texas and Arizona expansion

U.S. Bank is expanding its business banking division into Florida and Georgia for the first time, whilst accelerating growth in Texas and Arizona. The bank has added more than 50 customer-facing positions nationwide since the beginning of 2026, with further hiring expected. The expansion targets businesses with annual sales between $2.5 million and $50 million. Florida and Georgia represent U.S. Bank's first business banking presence in those states, forming part of its strategy to support clients beyond its traditional 26-state branch footprint. The bank has also expanded in Dallas, adding to its existing team there, and hired additional business bankers in Phoenix. The business banking division now includes more than 1,300 bankers providing deposit, lending, payments and treasury management solutions.

Minichart
Aug 27th, 2026
Universal Electronics amends credit agreement, extends $60M revolving facility to 2027

Universal Electronics has amended its credit agreement with lenders led by US Bank National Association. The revised deal, dated 21 August 2026, maintains the company's $60 million revolving credit facility and extends maturity to 30 September 2027. The agreement modifies financial covenants and borrowing base calculations. The borrowing base is set at 75% of eligible accounts receivable. SOFR borrowings carry a 3.00% margin. Notably, the amended agreement includes add-backs for restructuring expenses of up to $4 million in fiscal 2026 and $2 million in fiscal 2027, plus a $1.3 million loss on an abandoned California office lease. The changes suggest the company is undertaking restructuring whilst seeking operational flexibility. The agreement also references a sale of tariff refund claims to Jefferies Leveraged Credit Products dated 9 June 2026.

MarketScreener
Aug 20th, 2026
The Ensign Group Increases Credit Facility to $800 Million and Extends Maturity

SAN JUAN CAPISTRANO, Calif., Aug. 20, 2026 -- The Ensign Group, Inc. , the parent company of the Ensign™ group of companies, which invest in and provide skilled nursing and senior living...