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Investment Banking Analyst & Associate Program – U.S.

Our Hiring Timelines Apply Now

The Piper Sandler investment banking analyst and associate program is not just a training ground but the start of your career path. We provide our junior bankers with direct exposure to clients and hands-on training from day one. Each analyst and associate is treated as a full member of the deal team as they are directly involved in all decision-making processes and guaranteed face-time with clients alongside our senior bankers.



What sets us apart

Boutique
Investment Banks

Piper Sandler

Bulge Bracket
Investment Banks
Our Focus
Regional focus Headquartered centrally with
significant operations on all
coasts and in the U.K. 		Household name recognition
Our Infrastructure
Limited infrastructure Resources of a bulge bracket with
the agility of a smaller bank 		Mass scale infrastructure
Our Dynamics
Not "in the flow" due to
limited activity, too selective 		Awareness and ability to adapt to
various market conditions 		Too big to have ability to operate in
changing market conditions successfully
Your Exposure
Narrow and specialized exposure Deep exposure between 7 distinct
industries and 5 products giving you
a range of experiences 		General and broad exposure
Your Attention
Limited "bench strength" Real-time senior level attention and
"open door policy" 		Little focus from most senior bankers
You Role
Required to perform all
junior banker tasks 		Viewed as member of the deal
team - you make the "travel team"
and interact directly with c-suite 		Doing very few tasks on very large
transactions, leading to "deal fatigue"
Your Future
Aim to stay small,
limited opportunities 		Be part of a firm that's grown 489%
compared to peers in the last 7 years
and is on track for significant growth 		Rigid structure, already hit
it's "sweet spot"

Setting you up for success

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A day in the life

There is no typical day in investment banking, which is what makes it an exciting career. A high energy level and a positive attitude will go a long way. Be ready to think quickly on your feet or travel at a moment’s notice.

Analyst Associate

Exit opportunities - what's next?

Whether you continue your career at Piper Sandler or choose a different path, we work alongside you to determine where your skills and interests lie.

Through our formal mentoring program assigning you to a senior banker and hosting panel discussions with alumni, we provide you with a variety of resources to help you determine where to take your career.

37%

of analysts and associates stay at Piper Sandler for a third year

51%

of analysts and associates go into private equity or other financials services

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“I felt my degree had prepared me for many of the technical aspects of the analyst role, but Piper Sandler’s training resources helped expand on that knowledge to be more job-specific. Many of the diverse, on-the-job challenges that I encountered as an analyst were made much easier with these resources, allowing me to approach these problems more tactfully and learn more along the way.”
Sam Tedesco

Investment Banking Analyst 2018-2020

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“Firm-wide policies such as safe Saturdays coupled with a collaborative work environment ensure analysts can pursue hobbies and interests outside of work. Piper Sandler encourages analysts to pursue healthy and active lifestyles with benefits such as gym memberships / fitness subsidies. As an avid runner / exerciser, it is a huge benefit to get a monthly stipend toward a membership, and I can honestly say I rarely miss a workout due to work.”
Maze Thompson

Investment Banking Analyst 2018 - Present

“Analysts are given great exposure both from a client and senior banker perspective from a very early time in the analyst program. An example of this is my second week on the job I was able to host and help facilitate the road show process for a north of $1B biopharmaceutical client. I was in meetings with the CEO and other management members helping facilitate a successful equity raise for the client. On my second month on the job, we had a sell-side healthcare services M&A transaction going through diligence. The CEO specifically asked to meet me and thank me for all my hard work on the transaction over the past couple months. It is my understanding that this sort of experience does not happen at bulge bracket investment banks.”
Andy Burpee

Investment Banking Analyst 2019 - Present

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