2027 Banking Consulting Intern

West Monroe; Chicago (IL); Hybrid; USD 45,000 - 65,000; Full time

Job summary

West Monroe is seeking Banking Consulting Interns to work across Commercial Banking, Treasury management, Risk compliance, and Wealth Management segments. You will collaborate with business and technology teams, applying AI to enhance insights and client delivery in a hybrid work environment.

Required: pursuing a Bachelor’s degree with 3.0+ GPA, eligible to work in the U.S., and willing to travel up to 50%. Strong analytical, communication, and collaborative skills are essential.

Qualifications

• Pursuing a Bachelor's degree with anticipated graduation between Dec 2027 and Aug 2028.
• We require minimum 3.0 GPA and eligibility to work in the United States without sponsorship.

Responsibilities

• Apply knowledge to tailor solutions for clients and build partnerships.
• Support executives to solve challenges in financial services through research, analysis, and problem solving.
• Gain exposure to Commercial Banking, Treasury management, Risk regulation, M&A, and Retail Banking areas.
• Assist with technology enablement and AI-driven insights to support client delivery.
• Leverage AI tools to accelerate analysis and ensure high-quality outputs.

Skills

Analytical thinking

Written & verbal comms

Team collaboration

Curiosity about AI

Problem solving

Education

Bachelor’s degree in progress

Expected graduation Dec 2027–Aug 2028

Tools

AI tools (ChatGPT)

Microsoft Excel

PowerPoint

Job description

Launch your consulting journey with West Monroe

West Monroe is seeking Consulting Interns for our Banking Practice. As consolidation, regulation, and technology continue to reshape the banking landscape, there are exciting opportunities to partner with clients on strategy, transformation, and delivery initiatives.

As a Banking Consulting Intern , you will work across business, technology, and management consulting engagements, gaining valuable exposure to multiple facets of the financial services industry. With consolidation, regulation, technological advances, and significant market level changes shaping the landscape, interns can gain valuable experience and exposure to different aspects of the industry.

Primary Responsibilities

• Apply personal and corporate knowledge to tailor solutions and build partnerships, empowering clients to gain competitive advantage in their markets

• Support business and technology executives to solve key challenges within the financial services industry early on in your careerthrough research, analysis, collaboration, and problem solving

• Gain exposure to one or more of the following segments:

• Commercial Banking including:

• Commercial lending and leasing operating model optimization, small business administration (SBA) lending, equipment finance, alternative business lending, agricultural lending and farm credit

• Treasury management

• Risk regulation and compliance

• Mergers and acquisitions

• Retail Banking including:

• Branch optimization, payments processing management, merchant and card services and loyalty programs

• Consumer lending and leasing, mortgage and home equity

• Banking Technology and AI Enablement including:

• Technology, data, and platform modernization supporting digital transformation across banking

• AI use case identification and implementation to improve banking processes and decision-making

• Wealth Management including:

• Client & Advisor Experience - Digital experiences, advisor enablement, and personalized engagement

• Business & technology transformation through operating model optimization

• Leverage AI tools to accelerate analysis, synthesize complex information, and support data-driven recommendations for clients, exercising sound judgment in evaluating outputs.

• Apply AI technologies (e.g., generative AI, automation tools, data models) to enhance insights, improve delivery efficiency, and elevate the quality of client outcomes

What You’ll Bring to the Team

• Sharp analytical thinking and an interest in solving complex problems

• Effective written and verbal communication skills

• A collaborative mindset and enthusiasm for working as part of a team

• Ability to stay organized and manage priorities in a dynamic environment

• Demonstrated leadership through academics, extracurricular activities, or prior work experience

• Curiosity about emerging technologies, including AI, and a passion for continuous learning and innovation

Required Qualifications

• Bachelor’s degree in progress, with an expected graduation date between December 2027 and August 2028

• You will be asked to confirm your expected graduation month and year at the offer stage and prior to beginning your internship

• We do request & review official transcripts from your school prior to the start of our internship program

• If your expected graduation date falls outside of this range or changes, you are not eligible for this internship

• Minimum cumulative GPA of 3.0

• Legally authorized to work in the United States without limitation or sponsorship now or in the future (e.g., OPT, H-1B visa, TN, etc.)

• Reside within 50 miles of your assigned office prior to your start date; our culture emphasizes team collaboration within a hybrid work model

• Ability and willingness to travel (up to 50%); travel expenses covered by West Monroe

• Experience integrating AI tools (e.g., ChatGPT) into day-to-day workflows to enhance productivity and insight generation, coupled with strong critical thinking to assess accuracy, mitigate bias, and ensure high-quality outputs

Preferred Qualifications

• Majors with a focus in:

• Business Administration

• Business Analytics

• Economics

• Finance

• Familiarity with Microsoft Excel, PowerPoint, and applying data to analyze business problems

• Interest in the financial services industry, including commercial banking, retail banking and banking technology such as leading Fintech companies, as well as traditional core technology providers

Based on pay transparency guidelines, the pay rate for this role is $40.00

Join our team and make a lasting impact!

Other consultancies talk at you.

At West Monroe, we work with you.

We’re a global business and technology consulting firm passionate about creating measurable value for our clients, delivering real-world solutions.

The combination of business and technology is not new, but how we bring them together is unique. We’re fluent in both. We know that technology alone is not the answer, but how we apply it is. We rely on data to constantly adapt and solve new challenges. Actions that work today with outcomes that generate value for years to come.

At West Monroe, we zero in on the heart of the opportunity, getting to results faster and preparing people for what’s next.

You’ll feel the difference in how we work. We show up personally. We’re right there in the room with you, co-creating through the challenges. With West Monroe, collaboration isn’t a lofty promise, but a daily action. We work together with you to turn vision into clear action with lasting impact.

West Monroe** ****is an Equal Employment Opportunity Employer**
We believe in treating each employee and applicant for employment fairly and with dignity. We base our employment decisions on merit, experience, and potential, without regard to race, color, national origin, sex, sexual orientation, gender identity, marital status, age, religion, disability, veteran status, or any other characteristic prohibited by federal, state or local law. To learn more about diversity, equity and inclusion at West Monroe, visit www.westmonroe.com/inclusion. If you require a reasonable accommodation to participate in our recruiting process, please inquire by sending an email to [e-mail].

If you are based in California, we encourage you to read West Monroe’s Notice at Collection for California residents, provided pursuant to the California Consumer Privacy Act (CCPA) and linked here.