Investment Banking Summer Associate Intern - Financial Institutions Group

12/13/2026

Address:

151 W 42nd Street

Job Family Group:

Capital Mrkts Sales & Service

BMO Capital Markets 

BMO Capital Markets is a leading, full-service North American-based financial services provider offering equity and debt underwriting, corporate lending and project financing, merger and acquisitions advisory services, securitization, treasury management, market risk management, debt and equity research and institutional sales and trading. BMO Capital Markets has over 2,700 professionals in 30+ locations around the world, including 20 offices in North America.

BMO Capital Markets is a member of BMO Financial Group (NYSE, TSX: BMO), one of the largest diversified financial services providers in North America with US$1.1 trillion total assets and approximately 53,000 employees as of April 30, 2026.

Summer Associate Internship Overview 

The Investment Banking Summer Associate Internship is designed for MBA students between their first and second year of study. During the 10-week internship, Summer Associates are fully integrated into a dedicated investment banking team and gain hands-on experience working on live transactions, strategic advisory assignments, and business development initiatives.  

Within the Financial Institutions Group (FIG), Summer Associates work alongside senior bankers and deal teams covering a diverse range of financial services clients, including banks, specialty finance companies, asset managers, insurance companies, fintechs, and other diversified financial institutions. 

The internship combines meaningful project work, formal training, mentorship, networking opportunities, and ongoing feedback. Successful Summer Associates will be considered for future full-time opportunities within BMO Capital Markets. 

Responsibilities 

As an Investment Banking Summer Associate, you will gain valuable exposure to a wide number of industries and work with a variety of financial products, including public and private debt and equity financings, mergers and acquisitions, and financial advisory.  Specific responsibilities include: 

• Conducting business, industry and capital markets research; 

• Performing financial analysis including valuation and modeling; 

• Generating corporate finance ideas and strategies 

• Ensuring that all material is accurate and complete; 

• Performing other tasks supporting client relationships and business development. 

Qualifications 

• Currently enrolled in the first year of a full-time MBA program with an anticipated graduation date between December 2027 and June 2028. 

• Prior experience in investment banking, corporate finance, consulting, private equity, corporate development, financial services, or a related field. 

• Outstanding academic achievement, leadership experience and peer recognition 

• Demonstrated quantitative, analytic and modeling skills 

• Highly developed written and oral communications skills 

• Proficiency in project management: ability to delegate tasks, provide direction and feedback, and thoroughly review the work of others 

• Knowledge of capital markets and investment banking products and applicable regulations 

• Ability to manage multiple competing priorities in a fast-paced and challenging environment 

• Sophisticated interpersonal skills utilized within a team environment and in client interaction 

• Strong work ethic and a high level of professional integrity 

• Proficiency in Powerpoint and Excel 

• Legally authorized to work in the US and will not require sponsorship in the future 

The annual base salary for this position is USD $175,000 

Salary:

Pay Type:

Salaried

The above represents BMO Financial Group’s pay range and type.

Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure. Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles, the salary listed above represents BMO Financial Group’s expected target for the first year in this position.

BMO Financial Group’s total compensation package will vary based on the pay type of the position and may include performance-based incentives, discretionary bonuses, as well as other perks and rewards. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. To view more details of our benefits, please visit: https://jobs.bmo.com/global/en/Total-Rewards

About Us

At BMO we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting, positive change for our customers, our communities and our people. By working together, innovating and pushing boundaries, we transform lives and businesses, and power economic growth around the world.

As a member of the BMO team you are valued, respected and heard, and you have more ways to grow and make an impact.  We strive to help you make an impact from day one – for yourself and our customers.  We’ll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs. From in-depth training and coaching, to manager support and network-building opportunities, we’ll help you gain valuable experience, and broaden your skillset.

To find out more visit us at http://jobs.bmo.com/us/en

BMO is proud to be an equal employment opportunity employer. We evaluate applicants without regard to race, religion, color, national origin, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, transgender status, sexual stereotypes, age, status as a protected veteran, status as an individual with a disability, or any other legally protected characteristics. We also consider applicants with criminal histories, consistent with applicable federal, state and local law.

BMO is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process, please send an e-mail to [email protected] and let us know the nature of your request and your contact information.

Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO, directly or indirectly, will be considered BMO property. BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid, written and fully executed agency agreement contract for service to submit resumes.