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2026 Summer Associate – Alternative Investments Due Diligence - St. Petersburg, FL

Raymond James Financial
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Job Description Summary

Follow established procedures to perform tasks and receive general guidance and direction to perform other work with substantial variety and varied complexity. Some judgment is required to adapt procedures, processes, and techniques to apply to more complex assignments.

 

Job Description

Raymond James Overview 

One of the largest independent financial services firms in the country could be the place you build a career beyond your expectations. 

Our focus is on providing trusted advice and tailored, sophisticated strategies for individuals and institutions. Raymond James Financial is a diversified holding company, headquartered in St. Petersburg, FL. Raymond James provides financial services to individuals, corporations and municipalities through its subsidiary companies engaged primarily in investment and financial planning, in addition to capital markets and asset management. 

At Raymond James, we are putting the power of perspectives into action and building an inclusive and diverse workforce that reflects our commitment to associates, and clients of the future. Our company values associate development and growth, offering opportunities through developmental programs, mentorships, and continuing education options. 

We strive to ensure everyone feels welcomed, valued, respected, and heard so that you can fully contribute your unique talents for the benefit of clients, your career, our firm, and our communities. Raymond James is an equal opportunity employer and makes all employment decisions on the basis of merit and business needs. 

 

Department Overview 

The Raymond James Alternative Investments Group (AI Group) includes over 40 professionals responsible for the research, marketing, operations and administration of alternative investments. Currently, ten professionals are dedicated to product development and due diligence. The Due Diligence Team (“IDD Team”) includes individuals who hold the Chartered Financial Analyst® designation as well as the Chartered Alternative Investment Analyst designation and collectively have extensive experience in alternatives research, including hedge funds, private equity, real estate, distressed debt, venture capital, private credit, and real assets. The AI Group reviews and selects high-quality, non-traditional investment products to serve the more extensive financial needs of certain qualified investors. 

 

Job Summary 

Under general supervision, the Alternative Investments Summer Associate will support the IDD Team in conducting quantitative and qualitative due diligence, investment analysis (e.g. financial modeling, risk analysis, validating investment merits, etc.), and making recommendations on hedge funds, private equity funds, real estate funds, credit funds, and other non-traditional investment opportunities.  

 

The summer associate position is a temporary role. 

 

Start Date: Monday, June 1, 2026 

End Date: Friday, August 7, 2026 

Work Schedule: Monday through Friday, up to 40 hours per week. 

 

Duties and Responsibilities 

  • Participating in calls and meetings with investment management firms and taking detailed notes. 
  • Logging notes and other sources of information within the IDD Team database. 
  • Helping to support IDD Team in quantitative and qualitative due diligence as well as investment analysis (e.g., financial modeling, benchmarking, risk analysis, etc.) on non-traditional investment products. 
  • Performs other duties and responsibilities as assigned.  

 

Knowledge, Skills, and Abilities 

Knowledge of

  • Securities markets in general 
  • MS Office applications 
  • Bloomberg 
  • eVestment or other hedge fund databases are a plus 
  • FactSet or similar research management systems are a plus 
  • Cobalt/Pitchbook are a plus 

 

Skill in

  • Taking detailed notes 
  • Excellent written and verbal communication skills  
  • Excel and PowerPoint 

 

Ability to

  • Handle multiple priorities  
  • Self-motivate  
  • Meet multiple critical deadlines 

 

Educational/Previous Experience Requirements 

  • Freshman or Sophomore standing (December 2027-May 2029 graduates) pursuing a bachelor’s degree in business, finance, or related field.  
  • Any equivalent combination of experience, education, and/or training approved by Human Resources. 
  • Eligible applicants must be legally authorized to work in the US and not require visa sponsorship now or in the future (including beyond OPT/EAD).   

 

Licenses/Certifications  

None required. 

 

Location 

Hybrid position – St. Petersburg, FL 

No travel required. 

 

Education

High School (HS) (Required)

 

Work Experience

General Experience - 4 to 6 months

 

Workstyle

Hybrid

 

At Raymond James our associates use five guiding behaviors (Develop, Collaborate, Decide, Deliver, Improve) to deliver on the firm's core values of client-first, integrity, independence and a conservative, long-term view. 
We expect our associates at all levels to:
•  Grow professionally and inspire others to do the same
•  Work with and through others to achieve desired outcomes
•  Make prompt, pragmatic choices and act with the client in mind
•  Take ownership and hold themselves and others accountable for delivering results that matter
•  Contribute to the continuous evolution of the firm

 

At Raymond James – as part of our people-first culture, we honor, value, and respect the uniqueness, experiences, and backgrounds of all of our Associates.  When associates bring their best authentic selves, our organization, clients, and communities thrive. The Company is an equal opportunity employer and makes all employment decisions on the basis of merit and business needs.