Off-Cycle Intern - Assistant Sell-Side Analyst, Paris

Liquidnet; Paris; Sur place; EUR 20 000 - 40 000; Plein temps

Résumé du poste

A financial services firm is seeking a full-time off-cycle internship in its Midcap Equity Research Department in Paris. The successful candidate will gain hands-on experience in market monitoring, issuer meetings, sector research, and financial modeling. Applicants should have a Master’s degree in finance, fluency in French and English, and strong skills in Excel and PowerPoint. This opportunity offers exposure to executives and professional investors within an international environment.

Qualifications

• Master’s degree in finance, business school, or university.
• Solid technical foundation in valuation: DCF, multiples.
• Advanced skills in Excel and PowerPoint.

Responsabilités

• Track news flow and prepare morning call materials.
• Attend earnings presentations and draft meeting notes.
• Update financial models and run analyses.

Connaissances

Fluent French

Fluent English

Rigor

Synthesis

Reliability

Prioritization

Clarity

Formation

Master’s degree in finance

Outils

Excel

PowerPoint

FactSet or equivalent

Description du poste

About Midcap

Midcap, a division of TP ICAP (Europe) SA, covers a broad universe of French and European small and mid-cap stocks and publishes daily market commentary, fundamental research, and sector analyses for professional investors.

Role Overview

This is a full time, 6-month off-cycle internship opportunity in our Midcap Equity Research Department based in Paris. The successful candidate will receive hands‑on experience, daily guidance from sell‑side analysts, work reviews, and methodological feedback. You can expect to receive direct exposure to listed company executives and professional investors, along with experience in an international environment within a leading market infrastructure group.

Role Responsibilities

Market & Earnings Monitoring: Track newsflow (earnings releases, M&A, guidance) and prepare morning call materials.

Issuer Meetings: Attend earnings presentations / CMDs / roadshows and draft actionable meeting notes.

Sector Research: Build competitive analysis, identify drivers and KPIs, perform screening.

Modelling & Valuation: Update financial models (P&L, balance sheet, cash flow), run DCF, comparables, SOTP, scenarios & sensitivities.

Writing: Contribute to flash notes, post‑publication comments, fundamental studies, and analyst‑backed reports.

Production: Ensure publish‑ready formatting (tables, charts) and compliance with quality standards, deadlines, and internal procedures.

Experience / Competences

Essential

Master’s degree in finance (business / engineering school or university), gap year or end‑of‑studies internship.

Solid technical foundation in valuation: DCF, multiples, and comparable transactions.

Tools: Advanced Excel & PowerPoint; FactSet (or equivalent) appreciated; coding knowledge is a plus.

Languages: Fluent French and English (written / spoken).

Skills: Rigor, synthesis, reliability, prioritization, clarity.

Desired

Previous experience in financial analysis or equity research (internship), ideally 6 months or more.

Good knowledge of European equity markets and financial publications.

Exposure to financial databases (FactSet, Bloomberg, Refinitiv).

Ability to produce clear, client‑ready notes for institutional clients.

Recruitment Steps

Process: Two technical interviews with the Equity Research team.

Application: CV + short cover letter or one‑page stock pitch.

Role Band & Level: Support, 1

Not The Perfect Fit?

Concerned that you may not meet the criteria precisely? At TP ICAP, we wholeheartedly believe in fostering inclusivity and cultivating a work environment where everyone can flourish, regardless of your personal or professional background. If you are enthusiastic about this role but find that your experience doesn't align perfectly with every aspect of the job description, we strongly encourage you to apply. You may be the ideal candidate for this position or another opportunity within our organisation. Our dedicated Talent Acquisition team is here to assist you in recognising how your unique skills and abilities can be a valuable contribution. Don't hesitate to take the leap and explore the possibilities. Your potential is what truly matters to us.

Company Statement

We know that the best innovation happens when diverse people with different perspectives and skills work together in an inclusive atmosphere. That's why we're building a culture where everyone plays a part in making people feel welcome, ready and willing to contribute. TP ICAP Accord - our Employee Network - is a central to this. As well as representing specific groups, TP ICAP Accord helps increase awareness, collaboration, shares best practice, and holds our firm to account for driving continuous cultural improvement.

Location

France - Rue Washington - Paris