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Investment Banking Analyst & Associate Program – U.S.

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

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.

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.


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


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