2026 Capital Markets Summer Intern - Investment Grade Debt Capital Markets
What you’ll do
Our 10-week paid internship will provide you with the foundation to become a financial market specialist while working in a dynamic and supportive team environment. You will receive accelerated learning and skill development through a mix of on-the-job training, mentorship, a community of peers and advisors, and a pathway to our full-time Capital Markets Development Program upon graduation.
Debt Capital Markets (DCM) Role:
US Bancorp’s Debt Capital Markets (DCM) group specializes in the origination, structuring and syndication of fixed income securities (primarily publicly traded corporate bonds) investment grade (IG) corporations and partnerships across a variety of industries. Transactions finance a wide array of client needs, such as acquisitions, capital expenditures, liability management exercises, refinancings and recapitalizations.
Client coverage is focused on leading primary market bond issuances, with tailored corporate finance advice, capital structure recommendations, regular market updates and transaction execution guidance to Chief Financial Officers, Corporate Treasurers and related Treasury staff supporting this aim.
Incoming summer IG DCM analysts will join a lean, collegial and collaborative team that runs one of the leading underwriting platforms for domestic corporate bond issuances for an immersive, 10-week program. Summer analysts assist team members who share in their professional development, affording them the opportunity to take on increased ownership of the work product as their capabilities advance.
Roles and Responsibilities
Summer analysts directly support DCM professionals in their client coverage and deal execution efforts:
Assist in deal preparations and execution (e.g. market and deal process updates, investor marketing, due diligence, documentation/filings, sales team memos, investor and orderbook analysis, credit approval)
Analyze macroeconomic, interest rate and corporate bond market conditions
Perform credit, sector, comparable company and relative value analyses
Create tailored presentation materials used in client pitches
Compose written market update summaries for clients and internal staff
Run models to determine the financial impact of potential liability management transactions
Regularly collaborate with internal team members, such as syndicate and corporate banking, as well as our public side sales & trading partners
Who we’re looking for
We’re looking for intellectually curious and creative thinkers who can think on their feet and thoughtfully react to a changing market.
Basic qualifications:
Pursuing a bachelor’s degree in Finance, Financial Engineering, Economics, Accounting, Math, or a related field with a target graduation of December 2026 or spring 2027
Ability to start the internship program on June 1, 2026
Preferred qualifications:
Major/concentration in Finance, Economics, Accounting, Math or a related field
Previous industry experience, such as Investment Banking, Corporate Banking, Corporate Finance/Treasury, Sales & Trading
Excellent verbal and written communication and presentation skills
Proficiency in Microsoft Excel and PowerPoint
Financial modeling, analytical and strategic thinking skills
Exceptional work ethic and attention to detail
High levels of personal motivation and intellectual capacity
Comfort functioning both independently and as part of a team
Ability and desire to work in an exciting, fast-paced environment
Capacity to multi-task under stress and manage time efficiently
Working understanding of the economy, capital markets and financial statement analysis
General knowledge of Bloomberg Terminal
Internship benefits:
Meaningful, hands-on work that impacts the business
Networking opportunities with senior leadership, U.S. Bank team members, and interns
Potential for a fulltime offer upon graduation into a development program
Working model and hours:
This role is hybrid. Interns who are in a hybrid role typically spend three days a week at the listed U.S. Bank location(s), while having flexibility on their work location for the other working days. Interns work approximately 40-hours each week during the internship.
The application process
If you are interested in applying and learning more, click on the Apply Now icon to submit your application.