Summer 2027
Investment Banking Associate Intern
Generalist Program
Updated on 8/1/2026
Guggenheim
1,001-5,000 employees
Late-growth, mature-stage global investor
Compensation Overview
$84.13/hr
Company Does Not Provide H1B Sponsorship
New York, NY, USA
In Person
 Finance & Banking (1) |
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- Candidates must be on track to receive a Master of Business Administration or Juris Doctor degree in December 2027 or Spring 2028.
- Support deal teams in developing, maintaining, and using financial models.
- Perform financial and valuation analysis, including discounted cash flow analysis and multiple valuation analysis.
- Perform company and industry research and develop an in-depth understanding of sector trends, client challenges, and strategies to develop solutions for clients.
- Prepare client presentations and interact with senior bankers, clients, lawyers, and accountants.
- Develop an in-depth understanding of investment banking products and services, including debt, equity, mergers and acquisitions, and restructuring.
- Candidates should have 2-5 years of work experience.
- Candidates should have excellent analytical skills and attention to detail.
- Candidates should have a strong interest in problem solving and client service.
- Candidates should demonstrate resourcefulness, intellectual curiosity, enthusiasm, and a genuine interest in finance.
- Candidates should have significant maturity and the ability to work under pressure as part of a small team with top company executives and senior management.
- Candidates should be highly organized, with the initiative and ability to multitask and work with limited supervision as a member of a team.
- Candidates should have strong written and oral communication skills.
- Candidates should have working knowledge of Microsoft Excel, Microsoft PowerPoint, and Microsoft Word, and familiarity with Thomson/FactSet and Bloomberg.
- Prior experience as an investment banking, private equity, or corporate finance intern is a plus.
- Core modeling and valuation experience is a plus.
- Candidates should have an interest in working in New York long term.
Guggenheim provides growth capital by investing $5–$10 million in late-stage companies with 1,001–5,000 employees. It focuses on regional and global markets including the UAE, India, Hong Kong, Chicago, New York, Dubai, London, Mumbai, and the UK. The firm typically funds a single mid-to-large investment per deal to help a company scale, with potential follow-on support if needed. Its goal is to help growing companies expand and achieve returns for its investors by sticking to a defined niche of growth-stage firms and specific deal sizes.
Company Size
1,001-5,000
Company Stage
N/A
Total Funding
$2.1B
Headquarters
Chicago, Illinois
Founded
1999
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Simplify's Take
What believers are saying
- David Cannon adds 25 years of financial sponsors coverage experience.
- Private credit and structured credit expansion deepens product conversations with late-stage companies.
- Global office footprint supports cross-border mandates in U.S., U.K., India, and the UAE.
What critics are saying
- Private credit exposure ties growth to refinancing stress and default spikes.
- Lower yields and tighter spreads compress returns and fee growth.
- Sponsor-coverage hiring pressure raises execution risk if relationships do not convert quickly.
What makes Guggenheim unique
- Targets $5M-$10M late-growth deals in 1,001-5,000 employee companies.
- Covers UAE, India, Hong Kong, Chicago, New York, Dubai, London, and Mumbai.
- Combines fixed income, private credit, and sponsor banking under one franchise.
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Benefits
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Company News
Guggenheim Securities hires David Cannon to strengthen Financial Sponsors Investment Banking practice. NEW YORK, July 16, 2026 (GLOBE NEWSWIRE) - Guggenheim Securities, the investment banking and capital markets division of Guggenheim Partners, announced today that David Cannon has joined the firm as a Senior Managing Director in its Financial Sponsors Investment Banking coverage group. Mr. Cannon is based in the firm's New York office. Mr. Cannon joins Guggenheim with approximately 25 years of investment banking experience advising financial sponsors. Prior to joining Guggenheim, Mr. Cannon served as a Managing Director at KeyBanc Capital Markets, where he led the company's coverage of private equity clients and specialized in both advisory and financing transactions. Prior to joining KeyBanc Capital Markets, Mr. Cannon served as a Managing Director within the Financial Sponsors group at Wells Fargo for approximately 15 years, where he covered private equity firms and led the company's family office and energy-focused private equity coverage efforts. Mr. Cannon began his career at J.P. Morgan. "We are excited to welcome David to Guggenheim," said Mark Van Lith, CEO of Guggenheim Securities. "David is a trusted adviser to the financial sponsor community, and his decades of experience across a broad range of complex transactions will be instrumental as we continue to scale our sponsor businesses. We look forward to David's success at the firm." Mr. Cannon received his B.A. in political science from the University of Utah, his master's degree in political economy from London School of Economics, and his MBA in finance from The Wharton School at the University of Pennsylvania. About Guggenheim Securities Guggenheim Securities is the investment banking and capital markets business of Guggenheim Partners, a global investment and advisory firm. Guggenheim Securities offers services that fall into four broad categories: Advisory, Financing, Sales and Trading, and Research. Guggenheim Securities is headquartered in New York, with additional offices in Atlanta, Boston, Chicago, Houston, London, Menlo Park, and San Francisco. For more information, please visit GuggenheimSecurities.com, follow Alabama Business Reporter on LinkedIn, or contact Alabama Business Reporter at [email protected] or 212.518.9200. About Guggenheim Partners Guggenheim Partners is a diversified financial services firm that delivers value to its clients through two primary businesses: Guggenheim Investments, a premier global asset manager and investment advisor, and Guggenheim Securities, a leading investment banking and capital markets business. Guggenheim's professionals are based in offices around the world, and its commitment is to deliver long-term results with excellence and integrity while advancing the strategic interests of its clients. Learn more at GuggenheimPartners.com, and follow Alabama Business Reporter on LinkedIn and Twitter @GuggenheimPtnrs. Legal Disclaimer: EIN Presswire provides this news content "as is" without warranty of any kind. Alabama Business Reporter do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
A nationwide celebration of Achievement: 2026 Carson Scholar banquets. The CSF team embarked on its own trips throughout the country to celebrate the 2026 Carson Scholars across six regional banquets. Scholars from 29 states traveled near or far to attend a banquet this spring where there was much to celebrate. In addition to commemorating the Carson Scholars Fund's 30th anniversary of awarding scholarships, the remarkable accomplishments of 1,700 Carson Scholars were applauded by donors, CSF board members, educators and families. In total, 2,900 guests showed up to hear words of wisdom from Dr. Carson's keynote address. At the West Palm Beach banquet, David Rone, Managing Partner at Guggenheim Partners, was honored with the Spirit of Achievement award in recognition of his work, professionally and personally, to improve society. The Trailblazer Award was presented to Biju Kulathakal at the Maryland banquet in honor of his pioneering spirit and innovative ideas in tech and AI fields that have positively impacted society. Check out banquet photos here. "The strength and support I have received from my family and the Carson community as a whole have made me infinitely better. Listening to Dr. Carson speak about our responsibility to be upstanding individuals and take ownership of ourselves has stuck with me. Carson Scholars never give up, no matter the difficulty. Basically, I wanted to say thank you. Thank you for seeing something in me six years ago that I wasn't aware of yet. Thank you for giving me the strength and resolve to grow and continue to develop my confidence and talents. Thank you for giving me a bar against which to measure myself (the other Carson Scholars) and a plateau to strive for. Thank you for selecting me as a Carson Scholar. " - Adeline Shertzer, 6-time Carson Scholar
Slate Auto, an electric vehicle startup backed by Jeff Bezos, has raised $650 million in Series C funding led by TWG Global to develop an affordable electric pickup truck targeting a mid-$20,000 price point. The company aims to begin US deliveries by year-end. The Troy, Michigan-based startup plans a stripped-down, two-seater pickup with 150 or 240 miles of range. Over 160,000 people have placed $50 refundable deposits. Online orders will open in June, when exact pricing will be announced. Slate is investing $400 million to convert an idled Indiana printing plant for vehicle production. In March, the company appointed Peter Faricy, an Amazon veteran and former SunPower CEO, as chief executive. Other investors include General Catalyst Partners and Slauson & Co.
Guggenheim has upgraded Datadog to Buy with a $175 price target, viewing the stock's 14.33% year-to-date decline as an attractive entry point. The upgrade centres on Datadog's positioning at the intersection of cloud migration and AI deployment. Datadog reported strong fourth-quarter fiscal 2025 results, with revenue of $953.19 million beating estimates by 3.76%. Full-year revenue reached $3.43 billion, up 28% year-over-year. The company now has 603 customers generating over $1 million in annual recurring revenue, up 31% year-over-year. The cloud monitoring platform provider's shares currently trade near $114, well below the 52-week high of $201.69. Management has guided fiscal 2026 revenue to between $4.06 billion and $4.10 billion. Forty-three analysts rate the stock a Buy.
Brian Sir passes the torch. After five years of faithful service as board chair, Brian Sir, formerly the Chief Operating Officer at Guggenheim Partners, is transitioning into the role of committee member. Brian has had an immeasurable impact in his role. Throughout these five years, he's guided Hope during seasons of growth as well as those of challenge. He has also been a source of support and friendship to many on staff. Above all, Brian has been one of Hope's most passionate advocates - especially for its students, families, and teachers. His leadership helped further shape Hope as a place deeply committed to inclusion, community service, and opportunity for all. Under Brian's leadership, Hope launched the Trades Pathway with the support of local unions, initiated its annual spring luncheon, forged a beautiful partnership with Special Children's Charities, invested in the celebration of women's sports programs, led the recruitment and engagement of new board members, developed its board governance committees, and expanded its Career Advancement programs. But just as importantly, Brian made it a priority to support and retain great teachers. During his tenure, Hope reached the highest levels of teacher retention in its two decades of existence - a reflection of a culture where teachers feel valued, supported, and committed to the mission. Chicagohopeacademy is profoundly grateful for Brian's vision and unwavering belief in the transformative power of a Hope education. While his role is changing, Chicagohopeacademy know his commitment to Hope does not. Matt Gerdes is a Principal and Managing Director at Freeport Financial Partners LLC, a Chicago-based investment management firm. Matt steps into the role of chair after two years on the board, serving on the finance, investments, and trades committees. He is responsible for structuring and managing middle-market private credit investments for Freeport's funds and is a member of the firm's investment and management committees. Matt graduated with a B.S. in Finance from Northern Illinois University and holds an M.B.A. from the University of Illinois at Urbana-Champaign. He and his wife, Jennifer, reside in Western Springs and have two adult children. In his free time, Matt enjoys spending time with family and friends on Delavan Lake in Wisconsin and coaching youth basketball. "Hope is a special place to me," Matt said. "My first involvement was with the school's EYE program in 2021 as a student mentor. Since then, Hope's students and mission have been sources of inspiration to my entire family. One recent highlight was merging my work community with the Hope community for a day of introducing 40 students to the world of private credit. The students livened up our office and reminded my colleagues and me that our professional experiences are gifts to steward well. I'm very blessed to be a part of this community and couldn't be more excited about Hope's future." In its third decade as an organization, Matt's strategic thinking and dynamic leadership will be an asset as Chicagohopeacademy expand Hope's initiatives.