2026 Investment Banking Off Cycle Internship Programme - VARIOUS Groups London (September Start Date)

Overview

Please note: if you have already applied to the 2026 London IB off-cycle vacancies, you will not be able to re-apply during the same recruitment season. Your existing application will be considered for this intake—no action is required from you. Duplicate profiles will not be considered. Anticipated start date: September 2026. If selected for interview, we will reach out to you for next steps. We will not provide application updates in the meantime but will confirm once this recruitment round has closed. Further intakes will be released throughout the year.

About Jefferies

Jefferies is a leading global, full-service investment banking and capital markets firm that provides advisory, sales and trading, research, and wealth and asset management services. With more than 47 offices in 21 countries, we offer insights and expertise to investors, companies, and governments. Our professionals provide a full range of advisory and underwriting services through creative and idea-driven M&A, leveraged finance, equity and equity-linked financing, and restructuring and recapitalization solutions. With approximately 1,300 investment banking professionals, we provide global coverage across all products and sectors.

What you can expect

Jefferies Investment Banking Interns have the opportunity to gain insight into a global, client-focused investment bank and experience an entrepreneurial environment where employees can make an immediate impact and are rewarded for performance. Interns are exposed to Jefferies’ full range of top-tier investment banking products and leading industry expertise by working closely with senior bankers on pitches and live deals. Our lean deal team structure provides hands-on experience and helps you develop lasting professional relationships with peers and senior bankers. Interns are challenged to think creatively, offer input, and add value from day one. As with everyone at Jefferies, interns are expected to pursue projects with excellence, a collaborative spirit, and the highest levels of integrity.

Responsibilities

• Perform financial valuation, discounted cash flow, and multiples-based analyses
• Build and use financial models
• Prepare pitchbooks and live deal materials, such as offering memorandums and prospectuses
• Conduct industry and product research
• Analyze detailed corporate and financial information
• Participate in the execution of financings and M&A transactions

What we look for in a candidate

• Interest in making an impact through real, hands-on work and participation on active deal teams
• Ability to multitask and manage multiple projects simultaneously
• Professionalism, client management skills, and strong technical, written, and verbal communication
• Ability to work under pressure and meet tight deadlines, with adaptability to work independently and as part of a team
• For London office applicants, fluency in English is required
• Previous experience in corporate finance is preferred

What we like to offer you

Off-cycle interns join specific hiring teams within the Investment Banking division. You will have the opportunity to work on high-stakes deal situations with sector and product specialists from around the globe.

Equal Employment Opportunity and Reasonable Accommodations

Jefferies is committed to building a culture that provides opportunities for all employees regardless of differences and supports a workforce reflective of the communities where we work and live. Our employment decisions are made without regard to race, creed, color, national origin, ancestry, religion, pregnancy, age, medical condition, physical or mental disability, marital status, domestic partner status, sex, sexual orientation, gender, gender identity or expression, veteran or military status, genetic information, reproductive health decisions, or any other factor protected by applicable law. We are committed to hiring the most qualified applicants and complying with all federal, state, and local equal employment opportunity laws. Jefferies will extend reasonable accommodations to individuals with disabilities, as required by applicable law.