2027 Summer Intern - Private Equity Chicago

CIBC; Chicago (IL); On-site; USD 34,000 - 37,000; Full time

Benefits offered by this job

401(k)

Paid time off

Holidays

Other perks

Job summary

The Equity Research Intern at CIBC in Chicago will work 40 hours per week alongside senior analysts, gaining hands-on experience in fundamental research, financial modeling, and investment thesis development. You will analyze publicly traded companies using SEC filings, earnings materials, and industry research to support investment decisions.

Applicants should be pursuing a bachelor’s degree with an expected graduation in December 2027 or June 2028, have a minimum 3.2 GPA, and be authorized to

Qualifications

• Minimum cumulative GPA of 3.2.
• Interest in equity research, investing, or financial markets via clubs, coursework, internships, or independent learning.
• Pursuing a bachelor’s degree with expected graduation December 2027 or June 2028.
• Foundational understanding of financial statements, accounting, corporate finance, and/or valuation.
• Proficient in Microsoft Office, particularly Excel, PowerPoint, and Word.
• Authorized to work in the U.S.

Responsibilities

• Work 40 hours per week in the Chicago office alongside equity research and investment professionals.
• Learn fundamentals of equity research, security analysis, valuation, and portfolio management.
• Conduct fundamental research on publicly traded companies using SEC filings, earnings materials, presentations, and industry sources.
• Build and maintain financial models to analyze company performance, earnings, valuation, and key drivers.
• Develop an investment thesis on one or more public companies and present findings to the investment team.

Skills

Accounting

Analytical thinking

Communication

Equity research

Investment research

Excel

PowerPoint

MS Office

Education

Bachelor’s degree in progress

Tools

FactSet

Job description

We're building a relationship-oriented bank for the modern world. We need talented, passionate professionals who are dedicated to doing what's right for our clients. At CIBC, we embrace your strengths and your ambitions, so you are empowered at work. Our team members have what they need to make a meaningful impact and are truly valued for who they are and what they contribute. To learn more about CIBC, please visit CIBC.com

CIBC’s Summer Internship Program provides students with a hands‑on opportunity to complement their academic experience while building practical skills and exploring a career in financial services. Throughout the summer, interns will have opportunities to learn from experienced investment professionals, connect with leaders across the organization, network with fellow interns, and participate in professional development and community activities. As an Equity Research Intern you will work alongside experienced investment professionals and gain direct exposure to the fundamental research and investment process. You will develop analytical, financial modeling, and communication skills while researching publicly traded companies and learning how investors evaluate businesses, industries, competitive positioning, financial performance, valuation, and investment opportunities. CIBC’s Summer Internship Program runs for approximately 10 weeks from June through August. During the program, you will have access to training, mentorship, and support from members of the investment team. Our goal is to provide a challenging, collaborative, and rewarding experience that gives you meaningful exposure to a career in investment research.

Working As An Intern

• Working 40 hours per week in our Chicago office alongside experienced equity research and investment professionals.
• Learning the fundamentals of equity research, security analysis, valuation, and portfolio management.
• Conducting fundamental research on publicly traded companies using SEC filings, earnings materials, company presentations, sell‑side research, industry publications, and other relevant sources.
• Building and maintaining financial models to analyze company performance, earnings, valuation, and key investment drivers.
• Developing a detailed investment thesis on one or more public companies and presenting your research and conclusions to members of the investment team.
• Learning the industries and companies covered by your host analyst, including key competitors, industry dynamics, and business and financial drivers.
• Listening to and analyzing company earnings calls, investor presentations, and other corporate events and summarizing key investment takeaways.
• Learning to use FactSet and other research resources to support fundamental investment analysis.
• Participating in weekly learning sessions covering investment research, financial markets, portfolio management, and careers in financial services.
• Participating, when available, in meetings with public‑company executives, investor relations teams, sell‑side research analysts, and other investment professionals.

Who You Are

• You have a minimum cumulative GPA of 3.2.
• You have a demonstrated interest in equity research, investing, or financial markets through investment clubs, coursework, internships, personal investing, stock pitches, or independent learning.
• You are pursuing a bachelor’s degree, preferably in finance, accounting, economics, business, or another relevant field, with an expected graduation date December 2027 or June 2028.
• You have a foundational understanding of financial statements, accounting, corporate finance, and/or valuation.
• You are proficient in Microsoft Office, particularly Excel, PowerPoint, and Word.
• To be eligible for this position, you must be authorized to work in the U.S.

How You’ll Succeed

• You’re intellectually curious. You enjoy digging into businesses, industries, financial statements, and market developments to understand what drives company performance and investment outcomes.
• You give meaning to data. You can analyze financial and qualitative information, identify what matters, and communicate your conclusions clearly and concisely.
• You understand that the details matter. You approach research carefully, challenge assumptions, and use critical thinking to develop well‑supported conclusions.
• You take ownership. You are proactive, dependable, and willing to take responsibility for assignments while asking questions when additional context is needed.
• You communicate effectively. You can translate detailed research into a clear investment thesis and confidently discuss the reasoning behind your conclusions.
• You’re driven by collective success. You value collaboration, seek feedback, and understand that strong investment decisions benefit from diverse perspectives and constructive debate.
• Values matter to you. You bring your authentic self to work and demonstrate CIBC’s values of trust, teamwork, and accountability.

At CIBC, we offer a competitive total rewards package. This role has an expected hourly rate of $25.00-$27.00 per hour for the State of Illinois market based on experience, qualifications, and location of the position.

• 401(k) contribution
• Paid Time Off (including Sick Leave and Vacation)
• Holidays
• Other special perks reserved for our team members.
• This position does not offer visa sponsorship.

At CIBC, your goals are a priority. We start with your strengths, ambitions and strive to create opportunities to tap into your potential.

CIBC is committed to creating an inclusive environment where all team members and clients feel like they belong. We seek applicants with a wide range of abilities and we provide an accessible candidate experience. If you need accommodation, please contact [e-mail].

You need to be legally eligible to work at the location(s) specified above and, where applicable, must have a valid work or study permit.

We may ask you to complete an attribute‑based assessment and other skills tests (such as simulation, coding, MS Office). Our goal for the application process is to get to know more about you, all that you have to offer, and give you the opportunity to learn more about us.

California residents - your privacy rights regarding your actual or prospective employment.

Employment Details

• Expected End Date 2027-08-13
• Job Location IL-Chicago, 181 W Madison Fl 36
• Employment Type Temporary (Fixed Term)
• Weekly Hours 40
• Skills Accounting, Analytical Thinking, Communication, Equity Research, Investment Research, Microsoft Excel, Microsoft Office, Microsoft PowerPoint

At CIBC, we are in business to help our clients, employees and shareholders achieve what is important to them. Our ability to create value for all CIBC stakeholders is driven by a business culture based on common values: Trust, Teamwork and Accountability. Working with CIBC makes you a part of a work environment committed to our clients, employees and communities - a place where you can excel. Every day, our 48,000 employees help our clients achieve their financial goals, because what matters to our clients, matters to us.