The Investment Banking ("IB") Analyst Program -- is a challenging full time role designed to introduce new and recent college graduates to the foundational concepts and processes of investment banking, with a focus on merger, acquisition and divestiture ("M&A") advisory services and select junior capital / private placement assignments. IB Analysts work closely with other IB professionals to market the firm's advisory services to prospective investment banking clients, and to execute engaged advisory assignments on behalf of such entities. Prospects include both existing clients of Comerica Bank, as well as corporations or other entities that may not yet be clients of the broader firm; clients include both privately held and publicly listed companies, active across a range of industries and geographies.
The base Analyst program is two years in length, with the possibility of a third year for select high performers. The program begins with an intensive training program that introduces new Analysts to the fundamental concepts of financial analysis and valuation. New Analysts gain exposure to the full scope of Comerica's capital markets and other product offerings, including related areas such as Loan Syndications, Fixed Income, Derivatives and Foreign Exchange. In some special cases (and depending on individual performance), direct promotion to Associate at program conclusion is possible without an MBA or similar graduate degree.
Two-year program that includes formal finance, analysis, valuation and related classroom and on-the-job training
Professional career development through assessments, coaching, team building and mentoring.
Direct exposure to senior and executive leadership through participation on small, project- and client-focused deal teams.
Collaborative and supportive team environment.
Gain in-depth knowledge of Investment Banking and Capital Markets products and services including M&A advisory, junior capital raising, Debt Capital Markets and Loan Syndications.
Derivatives and Foreign Exchange.
Client Sectors: Middle Market businesses across manufacturing, industrials, business services and related fields, as well as clients across Comerica's national specialty groups including Technology & Life Sciences, Environmental Services, International, National Dealer Services, Food & Beverage, Consumer, Equity Fund Services and Large Corporates.
Location: Dallas, TX, with project-related travel throughout the United States
Analysts must pass a background check and complete registration with securities industry regulator FINRA by passing the Series 7, Series 79 and Series 63 securities exams; individuals must maintain active and valid FINRA registrations for the duration of their employment.
Position Responsibilities
Program Structure and Development Opportunities
Training
The finance training portion of the program includes coursework in accounting, debt and equity capital markets, financial analysis, modeling and valuation, portions of which will be taught by Training the Street, Wall Street Prep or a similar third party organization. Analysts will also receive self-study materials to guide their preparation for the applicable licensing exams (Series 7, 79 and 63). The overall program is rigorous and thorough, combining the substance of a much larger investment bank's training program with the personal attention found in a seminar.
Training Program Completion
Developing an understanding of the full breadth of Comerica's Investment Banking products and services offerings.
Successful completion of all training coursework and practical application.
Completion of securities licensing requirements:
Participants will be provided time and support to prepare and take the applicable regulatory examinations they must pass to obtain the necessary securities licensing.
Position Qualifications
Minimum Qualifications
The Analyst Program is open to final year undergraduate and graduate level students
Bachelor's degree in business, accounting, finance, economics or similar field
Two (2) accounting courses (6 units) and one course (3 units) in finance, economics or related business classes with a minimum 3.4 grade point average
Experience preparing financial models and forecasts preferred
At least 1 year of experience with Microsoft Office Applications (Microsoft Word, Excel, PowerPoint)
This position is not eligible for sponsorship. Must have indefinite employment authorization
Seeking Candidates With
Excellent interpersonal, verbal and written communication skills
Exceptional analytical, problem solving and technical aptitude
Time management skills, attention to detail and ability to handle multiple assignments
Strong work ethic, customer-focus, and commitment to the communities we serve
Absolute commitment to ethics and integrity
Work Best Category
Category B - 3-4 days in office on designated days/1-2 days remote
Hours
8:00am - 5:00pm Monday - Friday
Salary
To Be Determined Based on Individual Experience
Seniority level
Internship
Employment type
Full-time
Job function
Finance and Sales
Industries
Banking
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