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Barclays

Wealth management services for UK clients

Banking Associate Intern - Investment Banking

Summer 2027
$84.13/hr
Internship
MBA
New York, NY, USA
In Person
Finance & BankingInvestment Banking
Company Does Not Provide H1B Sponsorship

About the job

Requirements
  • Pursue an MBA degree.
  • Graduate between December 2027 and June 2028.
  • Ideally have a GPA of 3.2 or above.
  • Demonstrate a keen interest in business and finance and a curiosity to learn.
  • Demonstrate resourcefulness, teamwork, enthusiasm, and an entrepreneurial spirit, potentially through extracurricular activities.
Responsibilities
  • Participate in the day-to-day activities of the investment banking division and gain exposure to different clients, transactions, and specialist areas.
  • Collaborate on live deals and client pitches; support the team in advising corporate clients and delivering structured solutions.
  • Collaborate with cross-functional teams to support business initiatives.
  • Participate in training and development programs.
  • Identify opportunities, develop business cases, and manage the deployment and launch of new investment banking products and services.
  • Manage client relationships, provide customer service support, respond to product and service questions, and process transactions under steadily decreasing supervision.
  • Develop and implement financial models and strategies that support investment banking decision-making.
  • Work on live deals and deal proposals within an industry, product, or geographic group.
  • Perform financial analysis and modeling, valuation, industry research, and client due diligence.
  • Develop written materials, including offering memoranda and new business presentations.
  • Train and mentor junior colleagues.
  • Consult on complex issues and provide advice to People Leaders on escalated issues.
  • Identify ways to mitigate risk and develop policies and procedures supporting control and governance.
  • Own risk management and strengthen controls related to assigned work.
  • Analyze data from multiple internal and external sources to solve problems.
  • Communicate complex or sensitive information and influence stakeholders to achieve outcomes.
Desired Qualifications
  • A GPA of 3.2 or above.
  • Involvement in extracurricular activities demonstrating resourcefulness, teamwork, enthusiasm, or an entrepreneurial spirit.

About the company

Barclays Wealth Management provides personalized wealth management services to clients across the UK through a regional network of financial experts. It delivers tailored investment management, financial planning, and estate and trust services, based on each client’s goals, risk tolerance, and time horizon, with support from Barclays’ broader banking resources. The company differentiates itself through its scale and integration, combining local, face-to-face guidance with the back‑end support and product access of a large UK bank. Its goal is to help clients preserve and grow their wealth over the long term while managing risk through a comprehensive, advisor-led service.

Company Size

10,001+

Company Stage

IPO

Headquarters

London, United Kingdom

Founded

1690

Get referred to Barclays

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Simplify Jobs

Simplify's Take

What believers are saying

  • Barclays plans to more than double Singapore private-banking bankers by 2030.
  • The September 2026 booking centre expands access to Singapore's growing wealth hub.
  • Management raised 2026 targets on February 10, 2026, while returning over £15 billion.

What critics are saying

  • Reuters reported a £228 million MFS provision on April 28, 2026.
  • Barclays raised UK motor finance compensation provisions to £430 million in April 2026.
  • Germany fined Barclays €1.65 million on March 27, 2026, exposing compliance weakness.

What makes Barclays unique

  • Barclays launched Singapore booking centre on September 4, 2026, linking clients globally.
  • Wee Yee-Yeong joined from Morgan Stanley on September 22, 2026, deepening Asia expertise.
  • Barclays pitches one-bank access across lending, investments, and wealth planning for UHNWs.

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Benefits

  • Remote Work Options

Growth & Insights and Company News

6 month growth

4%

1 year growth

4%

2 year growth

4%
TipRanks
Oct 27th, 2026
Sands China Raises US$1 Billion via New Senior Notes Offering

Sands China Ltd. has entered into a purchase agreement with Barclays Capital Inc., BofA Securities, Inc. and Goldman Sachs & Co. LLC for the issuance of new senior notes to professional investors. The notes, which are not being offered to the public in Hong Kong or in the United States, target qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S.

Yahoo Finance
Oct 23rd, 2026
team.blue extends $1.2B of Term Loan B to 2032 after upsizing twice

team.blue, a pan-European provider of digital services for small and medium-sized businesses, has extended €1.1 billion of its €1.35 billion Term Loan B. The Ghent-based company, backed by Hg, CPP Investments and Sofina, priced the deal on October 22, 2026. The refinanced tranche now matures in July 2032, instead of September 2029. About 90% of the company's term debt now falls due in 2032. Demand was strong. The deal was upsized twice from an initial €500 million, making it the largest software euro term loan issuance in the last 12 months. It priced at E + 425bps with an original issue discount of 98.5. "The depth of support from our institutional investor base allowed us to go much further," said chief financial officer Jonathan Thackray.

Associated Press
Oct 23rd, 2026
Barclays to cut 5,000 jobs as firms from Meta to Block shift spending to AI

Barclays plans to cut 5,000 jobs, about 5% of its workforce, as it seeks "organisational simplification and technology change efficiency driven by AI." About 60% of the cuts will fall on support functions, including developers. It joins a growing list of companies shifting money from workers to artificial intelligence (AI). Meta is cutting about 8,000 jobs, or 10% of staff, and leaving 6,000 roles unfilled. It expects 2026 expenses of as much as $169 billion. Kroger will lay off 3,000 corporate employees over three years. Block is cutting more than 4,000 of its 10,000-plus staff, while Snap is cutting about 1,000 jobs, or 16%. Coinbase is cutting about 14% of its workforce, and Microsoft is offering buyouts to about 8,750 US employees.

Yahoo Finance
Oct 23rd, 2026
Meta, Barclays, Block cut thousands of jobs as firms shift spending to AI

Companies are cutting jobs and shifting money from staff to artificial intelligence (AI) infrastructure, as the cost of meeting booming AI demand reshapes budgets. Meta will lay off about 8,000 workers, or 10% of its workforce, and leave about 6,000 jobs unfilled. It expects 2026 expenses to reach as much as $169 billion, driven by infrastructure and AI talent. Block is cutting more than 4,000 of its 10,000-plus employees; its shares are up 19% this year. Kroger will lay off 3,000 corporate staff over three years, and Barclays plans to cut 5,000 jobs, about 5% of its workforce. Snap is eliminating about 16% of staff, or 1,000 jobs. Coinbase is cutting about 14%, and Microsoft is offering buyouts to about 8,750 US employees.

MarketScreener
Oct 22nd, 2026
Atlas Energy Solutions Announces $424 Million Senior Secured Bridge Facility Provided by Goldman Sachs and Barclays

Atlas Energy Solutions Inc. today announced it has closed a $424 million committed senior secured bridge facility provided by Goldman Sachs and Barclays. Backed by the two cost reimbursement...