Iowa Summer 2028 Investment Banking Internship

About the Program

BMO Capital Markets is a full-service North American financial services provider offering equity and debt underwriting, corporate lending and project financing, M&A advisory, securitization, treasury management, market risk management, debt and equity research, and institutional sales and trading. It has over 2,700 professionals in 30+ locations worldwide, including 20 offices in North America. BMO Capital Markets is a member of BMO Financial Group (NYSE, TSX: BMO), with US$1.1 trillion in total assets and about 53,000 employees as of April 30, 2026.

The Summer Analyst program is designed for candidates between their junior and senior undergraduate years. Participants gain practical experience in a dynamic capital markets environment and are assigned to a specific Investment Banking product or industry group during the 10-week program. The program begins with a one-week training and orientation session. Throughout the summer, analysts can network with bankers at all levels, learn about BMO Capital Markets' culture, take part in learning and development sessions, and receive career guidance from dedicated mentors. The program is an initial interviewing step for the full-time Investment Banking program.

Responsibilities

As an Investment Banking Summer Analyst, you will gain exposure to a wide range of industries and financial products, including public and private debt and equity financings, mergers and acquisitions, and financial advisory. Responsibilities include:

• Conducting industry and company research and analysis
• Developing client presentations
• Writing internal and external marketing memoranda
• Running valuation analysis, financial analysis and complex modeling exercises
• Performing other tasks supporting client relationships and business development

Qualifications

BMO Capital Markets offers hands-on experience in a dynamic investment banking environment. The team is looking for highly motivated, ambitious and mature individuals with the following:

• Enrolled in an undergraduate degree program, graduating in Dec. 2028 or Spring 2029
• Interest in investment banking
• A preferred minimum GPA of 3.4/4.0
• Outstanding academic achievement, leadership experience and peer recognition
• Demonstrated leadership in work, school, or community
• Excellent analytical, critical thinking and problem-solving skills
• Strong interpersonal skills for a demanding team environment
• Demonstrated proactivity, resiliency and a positive attitude
• Ability to work independently and as part of a team through self-motivation
• Strong work ethic and a high level of professional integrity
• Intellectual curiosity, adaptability and a willingness to learn new technologies and ways of working
• Legally authorized to work in the U.S. and will not require sponsorship in the future

Benefits and Compensation

The annual base salary for this position is USD$110,000. Salaries vary based on factors such as location, skills, experience, education and qualifications. Total compensation may include performance-based incentives, discretionary bonuses, and other perks. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. Benefit details are available at jobs.bmo.com/global/en/Total-Rewards.

About Us

At BMO, we are driven by a shared Purpose: Boldly Grow the Good in business and life. We value, respect and listen to our team members, and we provide training, coaching, manager support and networking opportunities to help you build experience and broaden your skillset.

BMO is an equal employment opportunity employer. We evaluate applicants without regard to race, religion, color, national origin, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, transgender status, sexual stereotypes, age, status as a protected veteran, status as an individual with a disability, or any other legally protected characteristics. We also consider applicants with criminal histories, consistent with applicable law.

BMO is committed to providing reasonable accommodations to individuals with disabilities during the employment process.

Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO will be considered BMO property, and no fee will be paid for any placement resulting from them.