Equity Research Intern - Financial Services Group

Piper Sandler & Co.•Chicago, IL

21h•Onsite

About The Position

Piper Sandler is an investment bank that connects capital with opportunity. They are committed to diversity and inclusion, aiming to hire and retain bright, committed people in an inclusive environment. The company is seeking an Equity Research Intern to join its Financial Services Group (FSG) in Minneapolis, MN or Chicago, IL. This associate-level internship offers a unique opportunity to play a meaningful role within the FSG group. Piper Sandler enables client growth through deep sector expertise, candid advice, and a productive culture. Their equities sales & trading teams facilitate public offerings and provide aftermarket support, transacting in 2,500 securities with various trading approaches. Over 50 senior analysts produce industry-leading research on more than 1,000 stocks, including a large small/mid cap coverage universe. They also provide investors with focused macro research from Institutional Investor top-ranked analysts, offering impartial insights into economic trends, energy, portfolio strategy, technical analysis, policy actions, and political developments. The company emphasizes a strong culture dedicated to employee emotional and physical well-being, offering a comprehensive benefits program. This is not a summer internship; it is anticipated to be a 3-month temporary position intended to lead to a permanent salaried role based on performance. The internship offers an hourly rate of $21 - $30, while the potential post-internship salaried role has an anticipated range of $75,000 - $125,000 per year, plus annual incentive compensation.

Requirements

The associate position is a demanding and fast-paced job that requires the ability to think quickly on one's feet and work independently
Strong candidates will have an intense interest in the stock market and a demonstrated record of professional, academic and personal achievement
Outstanding interpersonal and written communication skills
Outstanding quantitative and organizational skills
A strong competitive spirit balanced by a proven ability to work as part of a team
Bachelor’s degree in Accounting, Finance, or Economics required
Strong financial modeling experience required
Securities Industry Essentials, Series 86 and 87 required (or willingness to obtain)

Nice To Haves

Progress towards CFA a plus

Responsibilities

Work in partnership with the senior analyst to conduct extensive company and industry research
Create financial models and valuation analyses
Write company reports, industry reports, and develop investment recommendations
Form relationships with company management teams through meetings, calls, roadshows, etc.