2027 Summer Analyst - Real Estate Capital Partners

2027 Summer Analyst – Real Estate Capital Partners (RECP)

Application Deadline: Rolling; early application recommended.

Note: You can apply to only one vacancy per intake year.

Royal Bank of Canada (RBC) is a premier investment bank providing a focused set of products and services to institutions, corporations, governments, and high net worth clients in over 100 countries.

RBC Real Estate Capital Partners (RECP) is a leading provider of debt capital to premier real estate owners and sponsors. RECP’s mandate includes the origination of mortgage and mezzanine loans secured by stabilized and transitional real estate assets across major commercial real estate product types in the US, Europe, and Australia. Since inception, RECP has participated in $108 billion of mortgage, mezzanine, and loan-on-loan financings, holding $34 billion for its own balance sheet.

Programme Details

RECP is seeking undergraduate or postgraduate students to join its London team for a 9-week Summer Analyst Programme. Summer Analysts will assist the team in evaluating, underwriting, and structuring real estate financing transactions across Europe.

Summer Analysts will be involved in all aspects of the team’s work, with a particular focus on financial analysis, valuation, and market research. Summer Analysts will be embedded in the team and supported by a mentor. The Programme also provides opportunities to attend industry events and presentations, as well as RECP client and team social events, to gain insight into the industry and develop networking skills.

Roles and Responsibilities

RECP’s Summer Analysts will:

• Gain a deeper understanding of the European commercial real estate investment market through involvement with live transactions across various asset classes (including office, residential, industrial, hospitality, and student housing), as well as through attending industry events and presentations.
• Participate in all stages of the origination of real estate debt transactions, from initial screening through to closing.
• Learn how to perform valuation analyses using various methodologies, including discounted cash flows and comparable transactions.
• Assist the team with financial analysis and modelling to evaluate properties and portfolios under various scenarios and assess the viability of various capital structures.
• Prepare presentation materials for use in committee meetings.
• Complete a research project to be presented to the RECP team at the end of the Programme.

Training & Development

Summer Analysts undergo a week of training led by professional instructors and members of RBC Capital Markets to develop technical skills and provide networking opportunities with peers. Summer Analysts then join the RECP desk for the following 8 weeks and receive on-the-job training throughout the Programme.

The Programme also features a Speaker Series with regular information sessions provided by sector and product leadership, along with educational and social events throughout the Programme.

What We Look For

We seek undergraduate or postgraduate students going into the final year of their university courses with:

• An excellent academic track record.
• An interest in real estate finance and the financial industry (no prior real estate experience required).
• Excellent quantitative, analytical, and communication skills.
• Proficiency in Word, PowerPoint, and Excel.
• Willingness to assume a high level of responsibility.
• Initiative, determination, resourcefulness, and a collaborative attitude.
• A desire to contribute to a positive culture.