Simplify Logo
Piper Sandler

Piper Sandler

Investment banking and securities brokerage services

Merchant Banking Associate - Piper Sandler Merchant Banking

Full-Time
$100k/yr

+ Annual incentive compensation

Junior, Mid
Bachelor's
Minneapolis, MN, USA
In Person

About the job

Requirements
  • A minimum of two years of investment banking, buy-side, or related financial experience.
  • Previous experience with financial modeling or formal training.
  • A bachelor's degree in finance, business, management, or another related degree.
  • The ability to work in a fast-paced environment, multitask, and learn quickly.
  • A detail-oriented and analytical mindset.
  • Strong verbal and written communication skills.
Responsibilities
  • Create and iterate complex financial models.
  • Conduct financial valuations and create return models for potential new investments.
  • Work with senior members of the Merchant Banking team to evaluate and conduct due diligence on potential new investments.
  • Prepare investment memoranda.
  • Prepare quarterly valuation reports.
  • Prepare quarterly and annual reports for limited partners.
  • Maintain the Merchant Banking deal pipeline and transaction records.

About the company

Piper Sandler is a full-service investment bank and securities firm that helps clients raise and manage capital, execute mergers and acquisitions, and navigate financial markets. It offers investment banking, brokerage, asset management, and advisory services through a global network of offices. The company works by providing capital-raising advice, underwriting, and advisory work across the client lifecycle, supported by its research, trading, and wealth-management capabilities. What sets Piper Sandler apart is its long history (founded in 1895), its global reach across the U.S. and Europe and the Middle East, and its emphasis on a partnership-driven approach with deep sector expertise—paired with regulated, locally compliant operations in multiple jurisdictions. The firm’s goal is to help clients realize the Power of Partnership by delivering tailored financial solutions that support growth, strategic transactions, and long-term value creation.

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

Minneapolis, Minnesota

Founded

1895

Get referred to Piper Sandler

See people who can refer or advise you

Simplify Jobs

Simplify's Take

What believers are saying

  • Q2 2026 revenues reached $491 million, up 21%, with 21.8% operating margin.
  • European expansion added Zurich in 2025 and Paris in September 2026, widening distribution.
  • Restructuring hires and GP-led secondaries additions deepen countercyclical private capital advisory coverage.

What critics are saying

  • Q1 2026 took $8.5 million in litigation-related expenses, hitting earnings.
  • CEO Chad Abraham said industry close rates stayed lower, pressuring second-half advisory conversion.
  • Dependence on deal-driven advisory revenues creates existential vulnerability when M&A markets freeze.

What makes Piper Sandler unique

  • September 2026 Paris launch gives Piper Sandler regulated European equities trading access.
  • Q2 2026 advisory revenue hit $274 million, proving strong sector-specialist M&A execution.
  • 2025 Extel named Piper Sandler #1 small- and mid-cap liquidity provider.

Help us improve and share your feedback! Did you find this helpful?

Benefits

Wellness Program

Company News

BriefGlance.com
Sep 17th, 2026
American AgCredit raises $150M in subordinated debt to dodge 8.5% rate reset cliff

American AgCredit issued $150 million in subordinated notes to redeem $200 million of preferred stock ahead of a costly interest rate reset. The farm lender, the nation's fifth-largest Farm Credit association, used the proceeds plus $50 million cash to retire Series A preferred stock that was set to reset from 5.25% to approximately 8.50% in June 2026. The new 15-year notes carry a 6.75% fixed rate for ten years, generating annual savings of nearly $6.9 million. Piper Sandler served as sole initial purchaser for the private placement. The cooperative, which oversees a loan portfolio exceeding $20 billion across seven states, serves more than 12,000 agricultural member-owners. The refinancing preserves its ability to provide stable credit during a period of agricultural sector stress, with nonaccrual loans reaching 2.39%. McDermott Will & Emery and Dorsey & Whitney provided legal counsel on the transaction.

Yahoo Finance
Sep 12th, 2026
Piper Sandler names Q2 Holdings top pick with $82 target on strong subscription growth

Piper Sandler analyst Bill Carcache initiated coverage of Q2 Holdings with an Overweight rating and an $82 price target on 10 September. The research firm named Q2 Holdings its top pick in the payments and consumer finance sector. Piper Sandler cited the company's subscription revenue growth, visibility into annual recurring revenue, and improving free cash flow conversion. The firm also highlighted Q2 Holdings' expanding margins and debt-free balance sheet. Q2 Holdings reported second-quarter revenue of $219.8 million, up 13% year-over-year. Adjusted EBITDA reached a record $62.8 million, up 37% year-over-year. Subscription annualised recurring revenue increased 15% year-over-year to $825.5 million. Hedge fund holdings in Q2 Holdings declined to 31 positions in the second quarter from 37 in the first quarter.

FinancialContent
Sep 10th, 2026
Piper Sandler launches equities trading in Europe with new office opening in Paris.

Piper Sandler launches equities trading in Europe with new office opening in Paris. September 10, 2026 at 02:00 AM EDT i This article is third-party content and does not represent the views of this site. Tamar Securities, LLC make no guarantees regarding its accuracy or completeness. Piper Sandler Companies (NYSE: PIPR), a leading investment bank, is pleased to announce the launch of equities trading in Europe and has opened a new office in Paris. Ben Allen, head of sales and trading for Piper Sandler Europe, will lead the Paris office, where the firm has appointed two strategic hires to further strengthen its European expansion. Louis Renaudie joins as senior equity sales, bringing extensive institutional equities experience. Most recently, he contributed to building BNP Paribas' U.S. and international equities distribution business in Paris. Louis Carpentier joins as a senior equity sales-trader, having worked previously in global equity trading at Edmond de Rothschild. Prior to that, he helped develop Société Générale Private Banking France's cross-asset order-flow business. "We are excited to broaden our reach and offer our leading U.S. equities franchise to European clients. This marks a significant milestone in our global equities strategy as we now have approval to trade equities for European clients and better serve them with a full range of capabilities. At the same time, the demand for our industry-leading U.S. equity research and execution capabilities continues to grow internationally," said Deb Schoneman, president at Piper Sandler. Through Piper Sandler Europe, the firm has received regulatory approval in France for equities trading and has secured passporting rights across Europe. The Piper Sandler equity research platform is consistently ranked among the top 10 investment banks in the world for the largest coverage universe of U.S. equities, according to Thomson Reuters' Starmine. In the 2025 Extel U.S. Equity Trading Study (formerly known as the Institutional Investor Research Survey), Piper Sandler was voted by the buyside as the #1 small and mid-cap liquidity provider. "We are incredibly proud to establish our equities trading presence in Paris. This approval is a critical step in our broader European expansion. We look forward to providing our European clients with seamless access to our equity sales and trading teams, while continuing to distribute our top-ranked equity research," said Ben Allen. As part of the European expansion plan, Piper Sandler has hired a total of eight sales and trading professionals. Last year, the firm opened an office in Zurich, Switzerland led by experienced industry veterans, Alex Molloy, Vincenzo Pescuma and Luigi Colazzo. ABOUT PIPER SANDLER Piper Sandler Companies (NYSE: PIPR) is a leading investment bank driven to help clients Realize the Power of Partnership(R). Securities brokerage and investment banking services are offered in the U.S. through Piper Sandler & Co., member SIPC and NYSE; in the U.K. through Piper Sandler Ltd., authorized and regulated by the U.K. Financial Conduct Authority; in the EU through Piper Sandler Europe SAS, an investment firm authorized by the Autorité de contrôle prudentiel et de résolution and regulated by the Autorité des marchés financiers, and Aviditi Capital Advisors Europe GmbH, a tied agent of AHP Capital Management GmbH, authorized and regulated by BaFin; and in the Abu Dhabi Global Market through Piper Sandler MENA Ltd., authorized and regulated by the ADGM Financial Services Regulatory Authority. Alternative asset management and fixed income advisory services are offered through separately registered advisory affiliates. (C) 2026. Since 1895. Piper Sandler Companies. 350 North 5th Street, Minneapolis, Minnesota 55401-5711 Contacts. Report this content If you believe this article contains misleading, harmful, or spam content, please let Tamar Securities, LLC know.

TMCnet
Sep 10th, 2026
Piper Sandler Launches Equities Trading in Europe with New Office Opening in Paris

Piper Sandler Launches Equities Trading in Europe with New Office Opening in Paris TMCnet News [September 10, 2026] | / | Piper Sandler Launches Equities Trading in Europe with New Office Opening in Paris Piper Sandler Companies (NYSE: PIPR), a leading investment bank, is pleased to announce the launch of equities trading in Europe and has opened a new office in Paris. Ben Allen, head of sales and trading for Piper Sandler Europe, will lead the Paris office, where the firm has appointed two strategic hires to further strengthen its European expansion. Louis Renaudie joins as senior equity sales, bringing extensive institutional equities experience. Most recently, he contributed to building BNP Paribas' U.S. and international equities distribution business in Paris. Louis Carpentier joins as a senior equity sales-trader, having worked previously in global equity trading at Edmond de Rothschild. Prior to that, he helped develop Société Générale Private Banking France's cross-asset order-flow business. "We are excited to broaden our reach and offer our leading U.S. equities franchise to European clients. This marks a significant milestone in our global equities strategy as we now have approval to trade equities for Europan clients and better serve them with a full range of capabilities. At the same time, the demand for our industry-leading U.S. equity research and execution capabilities continues to grow internationally," said Deb Schoneman, president at Piper Sandler. Through Piper Sandler Europe, the firm has received regulatory approval in France for equities trading and has secured passporting rights across Europe. The Piper Sandler equity research platform is consistently ranked among the top 10 investment banks in the world for the largest coverage universe of U.S. equities, according to Thomson Reuters' Starmine. In the 2025 Extel U.S. Equity Trading Study (formerly known as the Institutional Investor Research Survey), Piper Sandler was voted by the buyside as the #1 small and mid-cap liquidity provider. "We are incredibly proud to establish our equities trading presence in Paris. This approval is a critical step in our broader European expansion. We look forward to providing our European clients with seamless access to our equity sales and trading teams, while continuing to distribute our top-ranked equity research," said Ben Allen. As part of the European expansion plan, Piper Sandler has hired a total of eight sales and trading professionals. Last year, the firm opened an office in Zurich, Switzerland led by experienced industry veterans, Alex Molloy, Vincenzo Pescuma and Luigi Colazzo. ABOUT PIPER SANDLER Piper Sandler Companies (NYSE: PIPR) is a leading investment bank driven to help clients Realize the Power of Partnership(R). Securities brokerage and investment banking services are offered in the U.S. through Piper Sandler & Co., member SIPC and NYSE; in the U.K. through Piper Sandler Ltd., authorized and regulated by the U.K. Financial Conduct Authority; in the EU through Piper Sandler Europe SAS, an investment firm authorized by the Autorité de contrôle prudentiel et de résolution and regulated by the Autorité des marchés financiers, and Aviditi Capital Advisors Europe GmbH, a tied agent of AHP Capital Management GmbH, authorized and regulated by BaFin; and in the Abu Dhabi Global Market through Piper Sandler MENA Ltd., authorized and regulated by the ADGM Financial Services Regulatory Authority. Alternative asset management and fixed income advisory services are offered through separately registered advisory affiliates. (C) 2026. Since 1895. Piper Sandler Companies. 350 North 5th Street, Minneapolis, Minnesota 55401-5711 View source version on businesswire.com: https://www.businesswire.com/news/home/20260909037990/en/ [ Back To TMCnet.com's Homepage] |

FOX 5 San Diego
Sep 4th, 2026
Crocs, Inc. to present at Piper Sandler's 2026 Growth Frontiers Conference.

Crocs, Inc. to present at Piper Sandler's 2026 Growth Frontiers Conference. Sep 04, 2026, 7:30 AM ET BROOMFIELD, Colo., Sept. 4, 2026 /PRNewswire/ - Crocs, Inc. (NASDAQ: CROX), a world leader in innovative casual footwear for all, today announced that it will present at Piper Sandler's 2026 Growth Frontiers Conference on Tuesday, September 15, 2026 at 11:30 AM ET. A live broadcast of the Company's presentation may be found on the Investor Relations section of the Crocs website, investors.crocs.com. A replay of the webcast will remain available on the website following the completion of the conference. About Crocs, Inc.: Crocs, Inc. (Nasdaq: CROX), headquartered in Broomfield, Colorado, is a world leader in innovative casual footwear for all, combining comfort and style with a value that consumers know and love. The Company's brands include Crocs and HEYDUDE, and its products are sold in more than 85 countries through wholesale and direct-to-consumer channels. For more information on Crocs, Inc. visit investors.crocs.com. To learn more about our brands, visit www.crocs.com or www.heydude.com. Individuals can also visit https://investors.crocs.com/news-and-events/ and follow both Crocs and HEYDUDE on their social platforms. | Investor Contact: | Elizabeth Bouquard Pizzi, Crocs, Inc. | | / | [email protected] | | PR Contact: | Melissa Layton, Crocs, Inc. | | / | [email protected] | SOURCE Crocs, Inc. NOTE: This content is not written by or endorsed by "KSWB", its advertisers, or Nexstar Media Inc.