2026 Campus Recruiting - Investment Banking Analyst - Secondary Capital Advisory

Position

Class of 2026 Investment Banking Analyst – Secondary Capital Advisory, New York, NY

About Piper Sandler

At Piper Sandler, we connect capital with opportunity to build a better future. We believe diverse teams with unique backgrounds, skills and experiences yield more innovative solutions. We are committed to engaging, hiring, and retaining bright, committed people to work in partnership within an inclusive environment that allows each person to achieve personal success and add value to our teams and communities.

As a leading investment bank, we enable growth and success for our clients through deep sector expertise, candid advice, and a differentiated, highly productive culture. Our investment banking clients have access to unparalleled guidance through our product and sector expertise and ready access to global capital. We partner with corporate clients and financial sponsors to provide advisory and financing services related to mergers and acquisitions, equity and debt capital markets, private placements, restructuring, and corporate & venture services. We offer in-depth knowledge and industry relationships in core sectors including chemicals, consumer, services & industrials, energy & power, financial services, healthcare, and technology. Learn more about our investment banking team here.

The Analyst Program

The investment banking analyst program is a rigorous program for exceptionally qualified individuals. Analysts work closely with senior bankers to make a real impact on clients’ businesses through involvement in all facets of investment banking activities, including equity and debt offerings, valuations, mergers and acquisitions, leveraged buyouts, and strategic advisory work. On a day-to-day basis, analysts:

• Create financial models
• Conduct financial valuations
• Create and maintain industry-specific business development books
• Conduct industry- and company-specific research
• Interact with clients and senior bankers

Our environment is collaborative, demanding, fast-paced, and entrepreneurial. Top analysts are invited to stay on for a third year. Direct promotion to the Associate level is available for strong performers without an MBA.

Analyst Training & Development

The analyst program begins in June 2026 with training at our headquarters in Minneapolis. New analysts attend from offices around the U.S. Training provides a broad understanding of our firm and its capabilities, along with a strong technical foundation. Technical topics include accounting, valuation, financial modeling, and general computer skills. Trainees also attend overview sessions on the following topics:

• Initial Public Offering (IPO) process
• Merger & Acquisition process
• Private Capital process
• Alternative Investments
• Corporate & Venture Services
• Debt Capital Markets
• High-Yield & Structured Products
• Financial Sponsors
• Convertibles
• Equities
• Restructuring

Social and team-building activities occur throughout training to help new employees build strong relationships with peers.

What We Look For

Piper Sandler seeks dedicated and motivated individuals with demonstrated academic achievement, leadership, organizational, and teamwork skills. The ability to create innovative solutions, articulate complex ideas, and adapt to a rapidly changing environment is essential. Analysts should be able to work well under pressure and manage multiple projects. A track record of success is preferred. Familiarity with finance, accounting, and financial modeling is strongly encouraged.

Piper Sandler values a strong culture focused on the emotional and physical well-being of our employees. Learn more about our benefits and how we support our employees and their families today, tomorrow, and beyond.

Compensation & Benefits

The anticipated starting salary for this position is $110,000 per year. This position is eligible for annual incentive compensation as part of total compensation, which will be competitive with the market.

Equal Opportunity

All qualified applicants will receive consideration for employment without regard to race, color, creed, religion, sex, sexual orientation, gender identity, national origin, disability, age, marital status, status as a protected veteran, or status with regard to public assistance.