At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed.  We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One.

Job Description

What you’ll do 

Our 10-week paid internship will provide you with the foundation to become a financial market specialist while working in a dynamic and supportive team environment. You will receive accelerated learning and skill development through a mix of on-the-job training, mentorship, a community of peers and advisors, and a pathway to our full-time Capital Markets Development Program upon graduation. 

 

Debt Capital Markets (DCM) Role: 

US Bancorp’s Debt Capital Markets (DCM) group specializes in the origination, structuring and syndication of fixed income securities (primarily publicly traded corporate bonds) investment grade (IG) corporations and partnerships across a variety of industries.  Transactions finance a wide array of client needs, such as acquisitions, capital expenditures, liability management exercises, refinancings and recapitalizations.   

 

Client coverage is focused on leading primary market bond issuances, with tailored corporate finance advice, capital structure recommendations, regular market updates and transaction execution guidance to Chief Financial Officers, Corporate Treasurers and related Treasury staff supporting this aim.  

 

Incoming summer IG DCM analysts will join a lean, collegial and collaborative team that runs one of the leading underwriting platforms for domestic corporate bond issuances for an immersive, 10-week program.  Summer analysts assist team members who share in their professional development, affording them the opportunity to take on increased ownership of the work product as their capabilities advance. 

 

Roles and Responsibilities 

Summer analysts directly support DCM professionals in their client coverage and deal execution efforts:  

Assist in deal preparations and execution (e.g. market and deal process updates, investor marketing, due diligence, documentation/filings, sales team memos, investor and orderbook analysis, credit approval) 

Analyze macroeconomic, interest rate and corporate bond market conditions 

Perform credit, sector, comparable company and relative value analyses 

Create tailored presentation materials used in client pitches  

Compose written market update summaries for clients and internal staff 

Run models to determine the financial impact of potential liability management transactions 

Regularly collaborate with internal team members, such as syndicate and corporate banking, as well as our public side sales & trading partners 

 

Who we’re looking for 

We’re looking for intellectually curious and creative thinkers who can think on their feet and thoughtfully react to a changing market.  

 

Basic qualifications: 

Pursuing a bachelor’s degree in Finance, Financial Engineering, Economics, Accounting, Math, or a related field with a target graduation of December 2026 or spring 2027 

Ability to start the internship program on June 8, 2026 

 

Preferred qualifications: 

Major/concentration in Finance, Economics, Accounting, Math or a related field 

Previous industry experience, such as Investment Banking, Corporate Banking, Corporate Finance/Treasury, Sales & Trading 

Excellent verbal and written communication and presentation skills 

Proficiency in Microsoft Excel and PowerPoint 

Financial modeling, analytical and strategic thinking skills 

Exceptional work ethic and attention to detail 

High levels of personal motivation and intellectual capacity 

Comfort functioning both independently and as part of a team 

Ability and desire to work in an exciting, fast-paced environment 

Capacity to multi-task under stress and manage time efficiently 

Working understanding of the economy, capital markets and financial statement analysis 

General knowledge of Bloomberg Terminal 

 

Internship benefits:  

Meaningful, hands-on work that impacts the business  

Networking opportunities with senior leadership, U.S. Bank team members, and interns  

Potential for a fulltime offer upon graduation into a development program  

  

Working model and hours:  

This role is hybrid. Interns who are in a hybrid role typically spend three days a week at the listed U.S. Bank location(s), while having flexibility on their work location for the other working days. Interns work approximately 40-hours each week during the internship.  

  

The application process  

If you are interested in applying and learning more, click on the Apply Now icon to submit your application. 

If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants.

Benefits: 

Our approach to benefits and total rewards considers our team members’ whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following (some may vary based on role, location or hours):

Healthcare (medical, dental, vision)

Basic term and optional term life insurance

Short-term and long-term disability

Pregnancy disability and parental leave

401(k) and employer-funded retirement plan

Paid vacation (from two to five weeks depending on salary grade and tenure)

Up to 11 paid holiday opportunities

Adoption assistance

Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.

E-Verify

U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E-Verify program.

The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $28.27 - $37.69

U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.

Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.

Posting may be closed earlier due to high volume of applicants.