How to hire an investment banking internship

How to hire an investment banking internship, step by step

Here's a step-by-step investment banking internship hiring guide:

• Step 1: Identify your hiring needs
• Step 2: Create an ideal candidate profile
• Step 3: Make a budget
• Step 4: Write an investment banking internship job description
• Step 5: Post your job
• Step 6: Interview candidates
• Step 7: Send a job offer and onboard your new investment banking internship
• Step 8: Go through the hiring process checklist

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1. Identify your hiring needs

   First, determine the employments status of the investment banking internship you need to hire. Certain investment banking internship roles might require a full-time employee, whereas others can be done by part-time workers or contractors.

   Determine employee vs contractor status

   Is the person you're thinking of hiring a US citizen or green card holder?

   Yes

   No

   Hiring the perfect investment banking internship also involves considering the ideal background you'd like them to have. Depending on what industry or field they have experience in, they'll bring different skills to the job. It's also important to consider what levels of seniority and education the job requires and what kind of salary such a candidate would likely demand.

   This list shows salaries for various types of investment banking interns.

   Type of Investment Banking Internship	Description	Hourly rate
   Investment Banking Internship	Financial analysts provide guidance to businesses and individuals making investment decisions. They assess the performance of stocks, bonds, and other types of investments.	$12-34
   Summer Analyst	Summer analysts are people who undertake an internship within a banking institution. These professionals perform analyses of detailed financial and corporate information... Show more	$20-49
   Financial Analyst Internship	A financial analyst intern is responsible for supporting an organization with financial activities and tasks. Typical duties and responsibilities may include creating and analyzing financial reports, preparing financial statements, and helping with audits... Show more	$13-25

   Show more

2. Create an ideal candidate profile

   Common skills:

   • PowerPoint
   • Customer Service
   • Work Ethic
   • Financial Models
   • Strong Analytical
   • Client Portfolios
   • Market Research
   • Due Diligence
   • Private Equity
   • Real Estate
   • Discounted Cash Flow
   • Business Development
   • Client Accounts
   • Asset Allocation

   Check all skills

   Responsibilities:

   • Manage ongoing maintenance of prospective investor pipeline using SalesForce software.
   • Create PowerPoint presentations summarizing the results of analyses and present the results to senior management
   • Develop charts/graphs specifically for PowerPoint presentations including sales points, firm history, and client specific information.
   • Support full-time analysts and associates in authoring marketing materials for sell-side engagements in the education, healthcare, and technology sectors
   • Retrieve and download daily/monthly benchmark data onto performance system utilizing macros, system feeds, and command line entry.
   • Execute municipal bond, commercial paper, treasury trades.

3. Make a budget

   Including a salary range in your investment banking internship job description is one of the best ways to attract top talent. An investment banking internship can vary based on:

   • Location. For example, investment banking interns' average salary in indiana is 52% less than in california.
   • Seniority. Entry-level investment banking interns 64% less than senior-level investment banking interns.
   • Certifications. An investment banking internship with certifications usually earns a higher salary.
   • Company. Working for an established firm or a new start-up company can make a big difference in an investment banking internship's salary.

   Average investment banking internship salary

   $43,637yearly

   $20.98 hourly rate

   ---

   Entry-level investment banking internship salary

   $26,000 yearly salary

   Updated December 5, 2025

4. Writing an investment banking internship job description

   An investment banking internship job description should include a summary of the role, required skills, and a list of responsibilities. It's also good to include a salary range and the first name of the hiring manager. To help get you started, here's an example of an investment banking internship job description:

   Investment banking internship job description example

   Primary Functions of the Position:

   • Complete project assignments in conjunction with rotations and work with appropriate oversight to complete
   • Learn to accomplish objectives by developing and prioritizing actions as well as establishing and communicating the work plan to the appropriate participants
   • Effectively communicate in one on one, small group and large group settings. Possible examples include business meetings, sales calls, training sessions, email communication, and conference calls
   • Improve the quality of decision making by doing appropriate and thorough analysis

   Internship Will Offer:

   • Shadowing and training opportunities with our experienced team of banking professionals
   • 1 on 1 mentoring and professional development
   • Hands-on application of finance principles in a fast-paced work environment
   • Opportunity to participate in company meetings
   • Ability to network with a variety of banking professionals, allowing you to form relationships you can build on in the future

   Education and Experience Requirements:

   • High School Diploma

   • Junior or Senior pursuing Bachelor’s in: Finance, Business, Information Technology or related field
   • Pursuing Master’s in: Finance, Business, Information Technology or related field

   • Minimum GPA of 3.0

   Essential Skills and Abilities:

   • Excellent interpersonal and communication skills, both written and verbal
   • Demonstrated ability to communicate effectively with management and staff

   • Proficient expertise with Microsoft Office including MS Word, Excel, and PowerPoint
   • Highly motivated and organized with a desire to learn

   TriState Capital Bank provides equal employment opportunity and advance in employment to qualified persons regardless of race, color, sex, religion, national origin, age, sexual orientation, gender identity, disability, veteran status, or other categories protected by law.

   TriState Capital Bank is an Equal Opportunity Employer.

   Copy this example

   

5. Post your job

   To find investment banking interns for your business, try out a few different recruiting strategies:

   • Consider internal talent. One of the most important talent pools for any company is its current employees.
   • Ask for referrals. Reach out to friends, family members, and your current work to ask if they know any investment banking interns they would recommend.
   • Recruit at local colleges. Attend job fairs at local colleges to recruit entry-level investment banking interns with the right educational background.
   • Social media platforms. LinkedIn, Facebook, and Twitter have more than 3.5 billion users, and they're a great place for company branding and reaching potential job candidates.

   Post your job online:

   • Post your investment banking internship job on Zippia to find and attract quality investment banking internship candidates.
   • Use niche websites such as efinancialcareers, financialjobsweb.com, careerbank, financial job bank.
   • Post a job on free websites.

6. Interview candidates

   During your first interview to recruit investment banking interns, engage with candidates to learn about their interest in the role and experience in the field. During the following interview, you'll be able to go into more detail about the company, the position, and the responsibilities.

   Remember to include a few questions that allow candidates to expand on their strengths in their own words. Asking about their unique skills might reveal things you'd miss otherwise. At this point, good candidates can move on to the technical interview.

   The right interview questions can help you assess a candidate's hard skills, behavioral intelligence, and soft skills.

7. Send a job offer and onboard your new investment banking internship

   Once you've selected the best investment banking internship candidate for the job, it's time to write an offer letter. In addition to salary, this letter should include details about the benefits and perks you offer the candidate. Ensuring that your offer is competitive is essential, as qualified candidates may be considering other job opportunities. The candidate may wish to negotiate the terms of the offer, and you should be open to discussion. After you reach an agreement, the final step is formalizing the agreement with a contract.

   It's equally important to follow up with applicants who don't get the job with an email letting them know that the position has been filled.

   Once that's done, you can draft an onboarding schedule for the new investment banking internship. Human Resources should complete Employee Action Forms and ensure that onboarding paperwork is completed, including I-9s, benefits enrollment, federal and state tax forms, etc. They should also ensure that new employee files are created for internal recordkeeping.

8. Go through the hiring process checklist

   • Determine employee type (full-time, part-time, contractor, etc.)
   • Submit a job requisition form to the HR department
   • Define job responsibilities and requirements
   • Establish budget and timeline
   • Determine hiring decision makers for the role
   • Write job description
   • Post job on job boards, company website, etc.
   • Promote the job internally
   • Process applications through applicant tracking system
   • Review resumes and cover letters
   • Shortlist candidates for screening
   • Hold phone/virtual interview screening with first round of candidates
   • Conduct in-person interviews with top candidates from first round
   • Score candidates based on weighted criteria (e.g., experience, education, background, cultural fit, skill set, etc.)
   • Conduct background checks on top candidates
   • Check references of top candidates
   • Consult with HR and hiring decision makers on job offer specifics
   • Extend offer to top candidate(s)
   • Receive formal job offer acceptance and signed employment contract
   • Inform other candidates that the position has been filled
   • Set and communicate onboarding schedule to new hire(s)
   • Complete new hire paperwork (i9, benefits enrollment, tax forms, etc.)

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