What does an Investment Banking internship involve?
An Investment Banking internship places you in a deal team for anything from eight weeks (a structured summer analyst programme) to six months (an off-cycle internship, the dominant format outside London). You build financial models, assemble pitch books, run comparable-company and precedent-transaction analyses, and support live M&A, ECM or DCM processes.
The two formats matter more than students expect. London runs on structured summer programmes recruited a year ahead and used as the main graduate pipeline. Paris, Frankfurt and Milan run largely on off-cycle internships posted a few months before they start, which is why a search that only looks at summer deadlines misses most of the market.
Investment Banking internships open right now
Latest detected 14 hours ago493 open positions across 172 firms · 2 detected in the last 48 hours
- Posted in the last 48 hours, visible with Premium.14 hours agoUnlock
- Posted in the last 48 hours, visible with Premium.1 day agoUnlock
InternshipM&A Corporate Finance / Investment Banking Intern
Anesi Advisors · London
InternshipInternship - Corporate Finance Mid-Market
ING · Amsterdam
- VEInternship
Stage Analyste M&A – H/F
Valoxy, Expert-Comptable mais pas que… · La Madeleine
InternshipStage de fin d'études ou césure (6 mois) - Analyste Corporate Finance M&A - début 2027 - H/F
Forvis Mazars · Paris
InternshipAnalyste Coverage Institutions Financières
Société Générale · Hauts-De-Seine
- Internship
Assistant dévelopement & financements structurés export
Société Générale · Hauts-De-Seine
- Internship
Praktikant/in M&A / Transaction Services (100%)
Forvis Mazars · Zurich
- VInternship
Stage finance et M&A – Industrie
VAMTAJ · Luxembourg
- Spring
Das Spring into banking Programm 2027
Deutsche Bank · Frankfurt
- Internship
Assistant Chargé d'affaires financements structurés H/F
Crédit Agricole CIB · Paris
When do applications open for 2027?
Opens Oct – Jan
Spring weeks
Insight programmes aimed at first-year students, opening around October–January. The most reliable route into a summer offer at the large banks.
Opens Jul – Sep
Summer analyst
London and the international programmes open applications July–September for the following summer, reviewed on a rolling basis. The practical deadline is weeks after opening, not the posted closing date.
Posted year-round
Off-cycle internships
Paris, Frankfurt, Milan and Amsterdam post continuously, typically three to six months before the start date. The largest pool anywhere, and the one most often missed, since there is no single deadline to watch.
Which firms hire the most interns?
The live breakdown below is one of the more useful corrections to the standard advice. Students concentrate their applications on bulge brackets, but that is not where most of the openings are:
- Middle Market126
- Corporate & Investment Bank119
- Bulge Bracket98
- Elite Boutique63
- Advisory & Audit42
- Asset Management6
Elite boutiques such as Rothschild & Co and Lazard, and middle-market advisory firms like Lincoln International, Alantra and Houlihan Lokey, consistently post more internship seats than the bulge brackets do. They also tend to recruit later in the cycle and decide faster, which makes them the realistic route if you are reading this after the autumn deadlines. See every firm Fyntraq tracks.
Which cities have the most roles?
Across the 493 Investment Banking internships currently tracked, these are the busiest cities:
- 1Paris134
- 2Frankfurt62
- 3London59
- 4Munich29
- 5Milan23
- 6Amsterdam17
Frequently asked questions
When should I apply for a summer internship in Investment Banking?
Summer analyst applications for London and the other major hubs typically open between July and September for the following summer, and most banks review on a rolling basis, so applying in the first weeks matters far more than polishing your CV for another month. Off-cycle internships in Paris, Frankfurt and Milan are posted year-round, usually three to six months before the start date.
Do I need to speak the local language?
For London, no: English is the working language. In Paris, Frankfurt and Milan it depends on the firm: international banks and most elite boutiques run their analyst pools in English, while domestic mid-market advisory firms often expect fluency in the local language. Individual postings on Fyntraq record the languages required where the source listing states them.
Are boutique banks worth applying to compared with bulge brackets?
They are where most of the volume actually is. Of the Investment Banking internships currently tracked, 189 are at elite boutiques and middle-market advisory firms versus 98 at bulge brackets. Boutiques also tend to post later and hire faster, which makes them a realistic target if you missed the autumn summer-analyst deadlines.
How does Fyntraq find these internships?
Fyntraq monitors the career sites of banks and advisory firms directly, alongside the major job boards, and detects new postings continuously rather than on a weekly digest. Each opening on this page links to its own page with the source application link.
How many Investment Banking internships are open right now?
Fyntraq is currently tracking 493 open Investment Banking internships across 172 firms in 60 cities. The figure changes daily: the list on this page is regenerated every few minutes from bank career sites and job boards.
Getting there first
Because most Investment Banking internships are filled on a rolling basis, the gap between a posting appearing and your application landing is the variable you control. Fyntraq watches bank career sites and job boards continuously and alerts you when a role matching your filters is detected.
Browse the tracker