2026 Capital Markets Summer Intern – Leveraged Finance

At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed.  We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One.

Job Description

What you’ll do 

Our 10-week paid internship will provide you with the foundation to become a financial market specialist while working in a dynamic and supportive team environment. You will receive accelerated learning and skill development through a mix of on-the-job training, mentorship, a community of peers and advisors, and a pathway to our full-time Capital Markets Development Program upon graduation. 

Leveraged Finance (Lev Fin) Role: 

US Bancorp’s Leveraged Finance Group (Lev Fin) specializes in the origination, structuring and syndication of pro rata credit facilities, institutional term loans and corporate bonds for non-Investment-Grade companies. Transactions finance a wide array of client needs, such as acquisitions and leveraged buyouts, capital expenditures, growth projects, liability management exercises, refinancings and recapitalizations. The Lev Fin group covers clients across multiple industries and sectors, in alignment with ICG and GIS banking coverage.     

Client coverage is focused on leading capital markets transactions, with tailored corporate finance advice, capital structure recommendations, regular market updates and transaction execution guidance to Chief Financial Officers, Corporate Treasurers and related Treasury staff.  

Incoming Lev Fin interns will join a lean, collegial, and collaborative team with a clear focus on driving growth and fee revenue for non-Investment-Grade clients.  Analysts work directly with junior and senior team members who share in their professional development and intend to promote advancement within the group.   

Roles and Responsibilities 

Lev Fin Analysts directly support junior and senior professionals in their client coverage and deal execution efforts: 

• Assist in deal preparations and execution (e.g. market and deal process updates, investor marketing, due diligence, documentation/filings, sales team memos, investor and orderbook analysis, credit approval) 

• Analyze macroeconomic, interest rate and capital market conditions 

• Perform credit, sector, comparable company and relative value analyses 

• Create tailored presentation materials used in client pitches  

• Compose written market update summaries for clients and weekly internal distributions 

• Run models to determine the financial impact of potential capital structures 

• Regularly collaborate with both external and internal deal team members, including issuing clients, peers across the industry, as well as our public side sales & trading partners 

Who we’re looking for 

We’re looking for intellectually curious and creative thinkers who can think on their feet and thoughtfully react to a changing market.  

Basic qualifications: 

Pursuing a bachelor’s degree in Finance, Economics, Accounting, Math, or a related field with a target graduation of December 2026 or spring 2027