Northland Capital Markets Analyst - Intern

Northland Securities•Minneapolis, MN

2d•Onsite

About The Position

Northland Capital Markets is an active investment bank serving growth companies, with practices in digital infrastructure, AI, and drones and robotics. The Analyst Intern role is the first step in Northland’s investment banking career path and precedes the full-time Analyst position. Interns work on live deal teams under the guidance of Analysts and Associates and alongside senior bankers, supporting public equity offerings, private placements, PIPEs, convertible securities transactions, and M&A advisory engagements. The role is demanding and requires performing under pressure, meeting tight deadlines, and producing accurate work on short notice. Interns are expected to contribute meaningfully from the start, and exceptional performance is the primary pathway to a full-time Analyst offer. The role is anticipated to be onsite at the posted location. Northland describes its onsite environment as collaborative and designed to foster innovation, mentorship, professional growth, and working relationships. Work location may change based on business needs.

Requirements

Recent graduate of a bachelor's or master's program, or a student graduating by December 2026.
Minimum cumulative GPA of 3.5.
Prior internship or relevant experience in investment banking, private equity, equity research, credit, transaction advisory, valuation, or another role involving financial analysis and modeling.
Proficiency in financial modeling, including independently building a three-statement model, trading comparables, precedent transactions, and a DCF.
Strong command of accounting, valuation methodologies, and financial statement analysis, with the ability to articulate and defend key assumptions.
Working understanding of capital structure, including equity and debt instruments, leverage, dilution, and liquidity.
Advanced Excel proficiency and comfort working with large financial, market, and transaction data sets.
Ability to conduct rigorous company and industry research and translate quantitative analysis into clear, concise client- and investor-facing materials.
Strong analytical reasoning, attention to detail, intellectual curiosity, and ability to perform under pressure and meet tight deadlines.
Maturity and judgment to work directly with senior bankers, client executives, boards, and investors.
Demonstrated interest in investment banking and the capital markets.
SIE, Series 7, 79, and 63 required, or ability to obtain them within 180 days of start.
Must meet the firm's U.S. work-authorization requirements; candidates must have unrestricted work authorization and not require future sponsorship.

Nice To Haves

Degree in finance, accounting, engineering, mathematics, statistics, computer science, physics, or another quantitative discipline.
Strong academic record, ideally from a top-tier university with a rigorous quantitative curriculum.
Familiarity with equity-linked securities, convertible and preferred securities, capitalization and dilution analysis, credit analysis, or other complex financing structures.
Experience with Python, SQL, or other analytical tools.
Hands-on financial modeling experience and ability to apply quantitative skills to complex financing transactions.

Responsibilities

Build and update comparable company, precedent transaction, capitalization, and dilution analyses.
Prepare pitch books, management presentations, and transaction materials.
Conduct company, industry, and market research.
Support due diligence and transaction tracking.
Work on live deal teams supporting public equity offerings, private placements, PIPEs, convertible securities transactions, and M&A advisory engagements.