2027 KBCM Investment Banking Summer Analyst - San Francisco, CA

KeyCorp; San Francisco (CA); On-site; USD 83,097,000 - 91,693,000; Full time

Benefits offered by this job

Sign-on Bonus

Job summary

KeyBanc Capital Markets, a leading corporate and investment bank, offers a Summer Analyst Program in San Francisco. The program blends on-the-job training with structured experience across transaction stages, from pitch through closing.

It serves as a direct pipeline to full-time Analyst positions. Analysts gain exposure through a broad technology group, with opportunities to work on equity research, M&A advisory and capital markets.

Qualifications

• Rising juniors enrolled in a four-year, undergraduate degree program with coursework in finance, economics or accounting graduating by May of 2028
• Minimum 3.5 GPA
• Strong quantitative and critical thinking abilities
• Demonstrated leadership and teamwork from past work experience and/or extracurricular activities
• Highly motivated with a strong work ethic
• Outstanding interpersonal, communication and presentation skills

Responsibilities

• Perform financial modeling and valuation analysis on public and private companies: comparable company analysis, precedent transaction analysis, leveraged and discounted cash flow analysis
• Assist in drafting offering memoranda, preparing internal committee memoranda, and creating client “pitch books”, management and board presentations

Skills

Quantitative analysis

Leadership

Communication

Presentation skills

Teamwork

Education

Rising juniors in undergraduate program (graduating May 2028)

Job description

Location: 1 California Street, San Francisco California Application Deadline: October 7th

KeyBanc Capital Markets KeyBanc Capital Markets (KBCM) is a leading corporate and investment bank providing capital markets and advisory solutions to dynamic companies capitalizing on opportunities in changing industries. Our deep industry expertise, broad capabilities and unique ideas are seamlessly delivered to companies across the Consumer & Retail, Diversified Industries, Healthcare, Industrial, Oil & Gas, Real Estate, Utilities, Power & Renewables, and Technology verticals. With over 800 professionals across a national platform, KeyBanc Capital Markets has more than $30 billion of capital committed to clients and an award-winning Equity Research team that provides coverage on over 700 publicly traded companies. The summer analyst program provides an excellent opportunity for senior-level banker and client exposure and higher, immediate “hands‑on” experience.

About the Summer Analyst Program

KBCM provides its Summer Analysts unprecedented professional development opportunities through a mix of on-the-job training and structured, hands-on experience. The program is designed to provide broad experience across all stages of transaction executions, from pitch phase through closing. Because our Summer Analyst Program is a direct pipeline for our full-time Analyst positions, it offers exceptional potential for you to return to KBCM upon graduation to start your capital markets career.

Job duties may include:

• Perform financial modeling and valuation analysis on public and private companies: comparable company analysis, precedent transaction analysis, leveraged and discounted cash flow analysis.
• Assist in drafting offering memoranda, preparing internal committee memoranda, and creating client “pitch books”, management and board presentations.

Required Qualifications:

• Rising juniors enrolled in a four-year, undergraduate degree program with coursework in finance, economics or accounting graduating by May of 2028
• Minimum 3.5 GPA
• Strong quantitative and critical thinking abilities
• Demonstrated leadership and teamwork from past work experience and/or extracurricular activities
• Highly motivated with a strong work ethic
• Outstanding interpersonal, communication and presentation skills

Groups where interns may be placed include:

Technology

KBCM's Technology Group operates at the leading edge, where global connectivity and the continuing evolution of technology is fueling unprecedented change across all industries. We apply our knowledge of the drivers of value creation, a network of relationships and a comprehensive suite of corporate and investment banking services to assist our clients in gaining competitive advantage and achieving superior returns from the seismic shifts occurring in technology and its broader impact. Through a highly specialized team of institutional sales and trading, equity research and investment banking experts, we offer a broad spectrum of financial tools and products, including equity and debt capital markets, M&A advisory, syndicated finance and other corporate banking services.

KBCM Technology Group specializes in a variety of sectors, including:

• Communications & Infrastructure
• Energy & Industrial Technologies
• FinTech Internet Software
• Security Tech Services

(Note: Sector coverage varies by office location.)

COMPENSATION AND BENEFITS

This position is eligible to earn a base hourly rate of $29 per hour. Summer Analysts in this position are eligible for overtime compensation for hours worked in excess of 40 hours in a week, or in accordance with applicable law. Compensation also includes a $2,000 Summer Analyst Sign-on Bonus. Key has implemented an approach to employee workspaces which prioritizes in-office presence, while providing flexible options in circumstances where roles can be performed effectively in a mobile environment.

Job Posting Expiration Date: 10/07/2026

KeyCorp is an Equal Opportunity Employer committed to sustaining an inclusive culture. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, genetic information, pregnancy, disability, veteran status or any other characteristic protected by law. Qualified individuals with disabilities or disabled veterans who are unable or limited in their ability to apply on this site may request reasonable accommodations by emailing [e-mail].

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KeyBank is an organization collectively committed to helping you unlock your potential and discover what truly drives you. Working here means sharing our purpose to help our clients, colleagues, and communities thrive. You’ll find genuinely supportive teammates, a flexible, inclusive work environment, challenging projects, accessible leaders, and opportunities to grow in your position and your career. For 200 years, Key has opened doors in our communities. Let us open one for you.