Full-Time
Investment Banking Associate
Chemical
Piper Sandler
1,001-5,000 employees
Investment banking and securities brokerage services
Compensation Overview
$225k/yr
New York, NY, USA
In Person
Travel up to 10% within the United States and/or internationally.
Bachelor's
 Finance & Banking (1) |
|---|
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- A bachelor's degree or foreign equivalent in Economics, Accounting, Finance, Statistics, or a related field is required.
- At least three years of experience in the offered role or a related occupation is required.
- Experience supporting the origination and execution of investment banking mandates for global public and private companies is required.
- Experience serving as a client liaison for mergers and acquisitions, restructuring, and debt and equity capital-raising processes while coordinating workstreams and advising on transaction strategy with limited senior supervision is required.
- At least three years of experience leading teams of junior investment bankers, executing transactions, managing transaction processes, directing training and development, establishing best practices, developing technical training guides, and overseeing work product quality is required.
- Experience with public and private corporate transactions, including buy-side and sell-side mergers and acquisitions, initial public offerings with primary and secondary offerings, complex structured deals including special purpose acquisition companies and reverse mergers, corporate restructuring, and strategic advisory assignments is required.
- Experience drafting and negotiating engagement letters, confidentiality agreements, and purchase agreements related to investment banking transactions is required.
- Experience preparing financial models and financial analysis, including leveraged buyout, discounted cash flow, accretion and dilution, merger models, levered and unlevered returns, comparable company, precedent transactions, and sum-of-the-parts analyses is required.
- Experience using Excel and PowerPoint is required.
- Experience performing comprehensive sector analysis, including evaluating macroeconomic trends, regulatory shifts, and competitive dynamics to support valuation assumptions and strategic advice for corporate and financial clients, is required.
- Collaborate with senior team members on the origination and execution of investment banking mandates for sell-side and buy-side mergers and acquisitions, capital-raising advisory projects, and strategic advisory assignments within the Chemical sector.
- Develop comprehensive financial models using Excel and PowerPoint to analyze investment opportunities and assess potential risks.
- Conduct complex valuation analyses and prepare detailed reports on company prospects, including fairness opinions for public company sales.
- Perform in-depth industry and company-specific research, including comprehensive sector analysis of macroeconomic trends, regulatory shifts, and competitive dynamics.
- Prepare investment memorandums and engage with investors to support capital-raising efforts.
- Serve as a client liaison to drive mergers and acquisitions and strategic advisory assignments while coordinating workstreams with limited senior supervision.
- Collaborate with senior team members on transaction processes, including due diligence and drafting and negotiating confidentiality agreements, purchase agreements, and engagement letters.
- Interact directly with internal teams, clients, and external stakeholders in the Chemicals sector to understand needs, provide project updates, and address inquiries throughout deal execution.
- Expand the business franchise within the Chemicals sector by developing new client relationships and interacting with institutional investors.
- Travel up to 10% within the United States and/or internationally to meet with clients and investors, attend conferences, and execute projects.
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
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Simplify's Take
What believers are saying
- Q2 2026 advisory revenue hit $274 million, up 34%, a firm record.
- First-half 2026 corporate investment banking revenue reached $636 million, up 30%.
- John D'Amico joined restructuring July 2026, strengthening special situations and creditor work.
What critics are saying
- June 30, 2026 FINRA arbitrations seek damages on $158.3 million Crown Capital notes.
- Piper Sandler accrued $9.7 million for VRDN litigation after a California filing.
- Fixed income revenue declined in Q2 2026, exposing dependence on deal-market momentum.
What makes Piper Sandler unique
- Piper Sandler ranked #2 in U.S. M&A under $2 billion in Q1 2026.
- Its healthcare franchise drove record Q1 2026 advisory revenue and equity brokerage.
- The August 19, 2026 Tim Light hire deepens GP-led secondary advisory coverage.
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Want to read more? Piper Sandler adds Tim Light as secondary advisory MD. Published: Aug 19, 2026 Related Firms: l3xg69V&cj*TKZ@gIQG1h0^dMmtysB6q$0NxlzQwuW4j, aG5jng$P%aZi&GbA&XLqh The former Guggenheim Managing Director brings more than a decade of private capital markets experience advising on complex secondary transactions. Read Full Article Aug 6, 2026 He joins the investment bank as Head of GP-led Advisory within its Private Capital Advisory team, led by former Jefferies colleague Matt Wesley. Aug 5, 2026 The private debt veteran will focus on providing financing & liquidity solutions for sponsors, including NAV lending and continuation vehicle capital. Jul 20, 2026 The former Head of Secondaries at Connaught will advise financial sponsors on GP-led secondary transactions and other liquidity solutions. Jul 16, 2026 The secondary market veteran joins from Raymond James and will focus on originating and developing financing and liquidity opportunities for sponsors. Jul 13, 2026 Seng joins as Managing Director in the Hong Kong office, where he will originate and lead secondary transactions across the APAC region. Jul 9, 2026 Buffery will help lead the firm's North American GP-led secondaries advisory practice. Jul 8, 2026 The Campbell Lutyens veteran will lead relationships with the secondaries community from London.
Piper Sandler reported its 11th consecutive quarter of year-over-year revenue growth, with corporate investment banking revenues reaching a record first-half performance of $636 million, up 30% year-over-year. Advisory services hit record second-quarter revenues of $274 million, up 34% year-over-year, driven by strong activity in financial services and healthcare. The company maintained a 21.8% operating margin in Q2, with operating income growth outpacing revenue growth. Piper Sandler returned $215 million to shareholders in the first half of 2026 through dividends and share repurchases. However, fixed income revenues declined due to challenging market conditions. CEO Chad Abraham noted that whilst pitch calendars look promising for the second half, industry close rates have been lower than in the past.
Piper Sandler's chief market technician Craig Johnson has declared the Magnificent 7 trade "likely over", recommending a rotation into Health Care and Financial sectors. Speaking on CNBC, Johnson noted the firm has been reducing tech exposure since February. The numbers support the shift. The Invesco QQQ Trust fell 4.72% in the past week, whilst the Health Care Select Sector SPDR Fund rose 4.37% and the Financial Select Sector SPDR Fund gained 7.52% over the past month. Microsoft's short interest has reached its highest level since 2015, despite posting 18.3% revenue growth. The stock has fallen 18.3% year-to-date. NVIDIA, despite 85.2% revenue growth to $81.62 billion, has gained only 5.76% this year. Johnson emphasised taking profits in tech, though others maintain AI infrastructure spending remains robust.
Stephens expands technology team and geographic reach with two new senior investment bankers in London. Jul 23, 2026 Stephens, an independent financial services firm, announced that Louis Jeng and Peter Shin have joined the Investment Banking division as Managing Directors in the Technology team. Based in Stephens' London office, Messrs. Jeng and Shin enhance the firm's cross-border capabilities, bringing decades of industry expertise and longstanding relationships with companies and investors across the United Kingdom, the Nordics, Benelux, Germany and the United States. Technology remains a cornerstone of Stephens' investment banking strategy, and the additions further strengthen the firm's capabilities and commitment to the sector. "Louis and Peter are exceptional additions to our team," said Matthew Marks, Executive Vice President and Head of Investment Banking. "They bring deep industry expertise, extensive transaction experience, and strong international relationships that will further enhance our technology investment banking franchise, expand our geographic reach in Europe, and support our clients across global markets." Mr. Jeng brings over 22 years of technology investment banking experience, advising on over 50 public and private transactions across Europe. Prior to joining Stephens, Mr. Jeng co-led the Vertical Software and Industrial Technologies practice within Stifel's Global Technology Group in Europe and was a Managing Director within Mooreland Partners' Enterprise Software and Industrial Technologies practice before the firm's acquisition by Stifel in 2019. He holds a First-Class degree in Electrical and Electronic Engineering from the University of Manchester Institute of Science and Technology and a Master's degree in Finance from Imperial College London. Mr. Shin brings over 16 years of technology investment banking experience. He has advised on transactions throughout Europe and across multiple technology areas, including vertical software, e-commerce and payments technologies, and the smart mobility and smart city ecosystem. Previously, Mr. Shin served as a Managing Director and senior member of the Software and Industrial Technologies practice within Stifel's Global Technology Group, having joined Stifel in 2019 through its acquisition of Mooreland Partners. Prior to Mooreland Partners, Mr. Shin worked in the TMT investment banking teams at Nomura and Piper Sandler. He holds a BSc Honours degree in Computer Science from University College London. About Stephens "Stephens" (the company brand name) is a leading family-owned investment firm that includes Stephens Inc. (member NYSE/SIPC), Stephens Investment Management Group, LLC, Stephens Insurance, LLC, Stephens Capital Partners LLC, and Stephens Europe Limited (Registered office: 12 Arthur Street, London, EC4R 9AB, Registered number 8817024), which is authorised and regulated by the Financial Conduct Authority. With offices in the U.S. and Europe, its investment banking division provides independent advice and execution on the full array of investment banking services: mergers and acquisitions, underwritings of public debt and equity securities, private placements of debt and equity, as well as restructurings and recapitalizations. (C) 2026 Stephens Creighton Abrams, Stephens Inc. 917-384-8573 / [email protected]
Piper Sandler has initiated coverage of Fulton Financial Corporation with a Neutral rating and a $23 price target. The firm forecasts the company will maintain a return on assets above 1.20%, up from last year, driven by higher net interest margins and recent acquisitions in Philadelphia and Northern New Jersey. The investment bank expects earnings per share growth of 5% in 2026 and 9% in 2027, following a 19% increase in 2025. However, Piper Sandler anticipates few near-term catalysts due to expected moderate loan growth and constrained net interest margin gains from reduced asset sensitivity. Fulton Financial recently reported operational net income of $99.7 million, or $0.55 per diluted share, maintaining core profitability. The regional financial services company offers banking, lending and investment management services.