2026 Capital Markets, Global Investment Banking Summer Associate

Global Investment Banking Summer Associate – New York

What is the opportunity?

RBC Capital Markets is a premier investment bank that provides a focused set of products and services to corporations, institutional investors and governments around the world. With more than 7,100 professionals, we operate out of 70 offices in 15 countries across North America, the U.K., Europe, and the Asia-Pacific region.

We work with clients in over 100 countries around the world to deliver the expertise and execution required to raise capital, access markets, mitigate risk and acquire or dispose of assets. We are consistently ranked among the largest global investment banks according to Bloomberg and Dealogic.

RBC Capital Markets is part of a leading provider of financial services, Royal Bank of Canada (RBC). Operating since 1869, RBC is one of the top 15 largest banks in the world and the fifth largest in North America, as measured by market capitalization. With a strong capital base and consistent financial performance, RBC is among a small group of highly rated global banks.

RBCCM U.S. Summer Associate Program

Each year, we invite rising second-year MBA students to join our Global Investment Banking (GIB) platform for a 10-week U.S. Summer Associate Program. The program provides an opportunity for you to experience the culture and atmosphere of RBC Capital Markets and experience the role of a full-time Associate.

What will you do?

GIB provides a complete suite of strategic advisory services, as well as equity and debt capital raising capabilities for leading corporations, institutions and governments. RBC Capital Markets’ investment banking platform focuses on nine core industries and seven product groups. We recruit for the following industry and product groups for our New York office:

Industry Groups:

• Communications, Media and Entertainment (CME)
• Consumer/Retail
• Financial Services (FIG)
• Healthcare
• Industrials
• Power, Utilities and Infrastructure
• Real Estate
• Technology

Product Groups:

• Mergers & Acquisitions (M&A)

Similar to full-time GIB Associates, Summer Associates will spend their time:

• Working on a variety of live transactions and client-facing business development initiatives in all areas of GIB
• Developing and preserving complex financial models
• Contributing to the delivery of client meetings and presentations
• Conducting research to analyze market trends
• Researching and analyzing future opportunities

What do you need to succeed?

In selecting summer associates, we look for the following:

• Students in their penultimate year of study at an accredited 2-year MBA program
• 2+ years’ work post-undergraduate work experience
• Ability to manage multiple competing priorities and thrive in a fast-paced and challenging environment
• Value and possess strong competency in the following behaviors: Collaboration, Relationship Building, Communication, Integrity and Operating with Diverse and Inclusive Mindset
• Well-rounded set of interests and extra-curricular activities beyond academics

What’s in it for you?

We thrive on the challenge to be our best, think progressively, continue our growth, and deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our individual/collective potential, making a difference to our communities, and achieving success that is mutual.

From this experience you would gain:

• A strong foundation in fundamental investment banking skills such as financial modeling and analysis, transaction execution and negotiation, and in-depth industry/product knowledge
• A better understanding of RBC’s products and services
• The support of a mentor (typically a full-time Associate or Vice President)
• An opportunity to network and discuss career opportunities through a number of social events

The good faith expected salary range for the above position is $175,000 depending on factors including but not limited to: the candidate’s experience, skills, registration status, market conditions, and business needs. RBC’s compensation philosophy and principles recognize the importance of a highly qualified global workforce and plays a critical role in attracting, engaging and retaining talent that:

• Drives RBC’s high-performance culture
• Enables collective achievement of our strategic goals
• Generates sustainable shareholder returns and above market shareholder value

Inclusion and Equal Opportunity Employment

RBC is an equal opportunity employer committed to diversity and inclusion. We are pleased to consider all qualified applicants for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, protected veteran status, Aboriginal/Native American status or any other legally-protected factors. Disability-related accommodations during the application process are available upon request.

Additional Job Details

Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

Inclusion and Equal Opportunity Employment

At RBC, we believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.