London - 2027 Summer Internship - Capital Markets -Global Banking

About BNP Paribas

With strong roots in Europe’s economic history and a rich heritage spanning over 150 years in the UK, BNP Paribas is a leading European bank and a prominent global institution. As the “Bank for a Changing World,” we place clients at the centre of everything we do, innovate on their behalf, and support them through changing times.

BNP Paribas is one of Europe’s leading banks with an international presence in 68 countries and more than 183,000 employees.

Why Join BNP Paribas?

1. A great place to work

   Depending on your role, you may benefit from hybrid, flexible, and agile working arrangements, along with a collaborative culture that values balance and inclusion.

   You will join an inclusive culture supported by networks such as Pride, Ability, MixCity (gender equality), the Early Careers Network, the Multicultural Network, and more.

2. A positive impact

   Work for a firm where ethical standards and sustainability are at the core of our purpose.

   We are committed to Net Zero in our financing and investment portfolios by 2050 and to a goal of 80% low-carbon energy financing by 2030.

   Our impact goes beyond climate: employees receive four volunteering days each year. In 2023, UK employees dedicated over 18,000 hours to volunteering.

   Our strong ESG performance has been recognised, and we were named Top Employer Europe 2026 for the 13th consecutive year and World’s Best Bank for Sustainable Finance (Euromoney, 2026).

3. A focus on growth

   We invest in our people through training, mentoring, and career development, including dedicated career days to help you evolve. Our training offerings are embedded into our Early Careers programmes and continue to support your progression beyond internship and graduate roles.

   In 2024, nearly half of our UK Corporate & Institutional Banking roles were filled internally.

Business Area: Capital Markets

Gain exposure to Debt Markets, Equity Capital Markets, Real Estate Finance, Energy & Infrastructure, and Corporate Broking. From financing acquisitions and refinancing loans to raising equity and advising strategic transactions, you will see how we deliver complex solutions for major clients.

You could be placed in any of the teams below:

• Equity Capital Markets (ECM) – Supporting listed and private companies across EMEA in raising equity through IPOs, Accelerated Bookbuildings, or Rights Issues, as well as helping shareholders place shares of listed companies to equity investors. The ECM team structures and markets strategic equity transactions and interacts daily with multiple teams across the bank, including equity syndicate, research, sales, industry groups, and the equity-linked team within ECM (which structures Convertible Bonds).

• Corporate Broking – A strategic advisor role for listed UK corporate clients combining relationship management with strategic capital markets advice. Key areas include shareholder analysis, market intelligence, strategic advisory, and regulatory updates. You will work closely with company Boards, C-Suite, and investor relations, as well as with other parts of the bank including ECM, UK Advisory, Industry Groups, Coverage, and Equities.

• Real Estate – Real Estate Capital Markets works with global real estate investors, including private equity funds, sovereign wealth funds, and REITs, to structure and deliver bespoke financings for commercial real estate acquisitions, developments, and take-privates. The team also leads strategic relationships with real estate corporates, partnering with colleagues across Global Banking and Global Markets to facilitate access to BNP Paribas’ full spectrum of products and services.

• Energy and Infrastructure (E&I) – Advises and arranges limited recourse financing solutions across EMEA in the Energy and Infrastructure sectors. This includes advising clients on debt financing needs, arranging and structuring debt financing as mandated lead arranger, cross-selling other bank products (including hedging and cash management solutions), acting as coverage for certain clients, and monitoring exposure to transactions on its book.

• Debt Capital Markets (DCM) – Supports investment grade corporate clients when raising, structuring, and managing their debt. Focus is mainly on issuing new debt (bonds or hybrids), and also on optimising existing debt portfolios through liability management. The role sits in Global Banking but is highly market focused, with responsibility for both executing deals and supporting more strategic transactions. You will partner closely with the other teams listed above.

• Leverage Finance – Supports Private Equity funds and sub-investment grade companies in raising and managing their debt, optimising their capital structure.

• Loan Capital Markets – Supports corporate clients primarily by structuring and financing their large acquisitions in a fast-paced environment. Responsibilities include learning financial modelling and credit analysis.

Programme Overview

The Internship

This nine-week Capital Markets internship gives you the chance to experience life at the centre of corporate and investment banking. After a week of training, you will spend eight weeks in one of the business areas, taking on real responsibility from the start and contributing to live client projects.

It is an opportunity to develop skills, build your network, and demonstrate your potential for a place on our graduate programme.

You may only apply for one Summer Internship per academic year (Global Banking – Coverage, Capital Markets or M&A, Global Markets, Technology or Securities Services).

As part of this internship, you may be considered for the 2028 Global Banking Graduate Programme in London ONLY.

What You’ll Do

• Support the origination and execution of financing and advisory transactions
• Prepare market updates and client presentations
• Assist with due diligence, credit analysis, and financial modelling
• Contribute to internal reporting and transaction materials
• Gain exposure to equity, debt, and specialist financing products

What We’re Looking For

To join the Capital Markets Summer Internship, you should be in your penultimate year of study and:

• Fluent in English with strong written and verbal communication skills
• On track for a 2:1 degree (or equivalent)
• Strong interest in banking and financial markets
• Excellent analytical and numerical ability
• Proficiency in Microsoft Office
• Organised, detail-focused, and able to manage time effectively
• Strong interpersonal skills and a professional approach
• Proactive mindset and eagerness to learn
• Familiarity with financial modelling or coding (advantage, but not required)

Conduct

• Be a role model by supporting and fostering a culture of good conduct
• Demonstrate proactivity, transparency, and accountability in identifying and managing conduct risks
• Consider the implications of your actions on colleagues
• Embody and practice the Group values, aligned with the Bank’s strategy, including commitment, work ethic, integrity, and the Code of Conduct

Equal Opportunities

BNP Paribas is an equal opportunity employer. We are committed to fairness and preventing any form of disadvantage throughout the recruitment process. We are also committed to providing a work environment that promotes diversity, inclusion, and equal opportunities for all.

Adjustments

We are dedicated to an unbiased and inclusive hiring process. If you have a disability or health condition that may require adjustments during the recruitment process, please let us know early so we can support you.

Additional Information

• You may only apply for one Summer Internship per academic year (Global Banking, Global Markets, Technology or Securities Services).
• Successful candidates for this Summer Internship programme will be considered for London Global Banking ONLY.