2027 Investment Banking Analyst (Boston, MA)

2027 Citizens Capital Markets & Advisory Program Analyst

Company Overview Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $226.4 billion in assets as of December 31, 2025. Headquartered in Providence, Rhode Island, Citizens provides a broad range of retail, private banking, wealth management, and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations, and institutional clients. Capital Markets & Advisory (“CM&A) is Citizens’ full-service investment banking platform, offering a comprehensive product suite supported by deep sector expertise and a cohesive coverage model.

Program Overview Citizens Bank is seeking Investment Banking Analysts to join the Capital Markets & Advisory (“CM&A”) team. Analysts work closely with the team’s junior and senior professionals preparing, analyzing, and executing investment banking related transactions, primarily within the U.S. middle market. 

Analysts are assigned to active and prospective engagement teams across multiple industries within our core areas of focus and have the opportunity to grow professionally in a fast-paced environment.

Opportunities Within CM&A, bankers are organized into four core groups: Industry Coverage, Leveraged Capital Markets, Mergers & Acquisitions, and Equity Capital Markets.

• Industry Coverage: Industry Coverage (Corporate Finance) bankers originate and execute debt, M&A, and equity transactions across specific industry sectors through capital raising and strategic advisory solutions and work closely with the M&A and Leveraged Capital Markets teams to execute business. 

• Leveraged Capital Markets (“LCM”): Internally referred to as Debt Capital Markets, the Leveraged Capital Markets team focuses on the origination, structuring, and execution of finance transactions for corporate and financial sponsor clients, with a concentration on middle-market credits. 

• Mergers & Acquisitions (“M&A”): M&A bankers provide sell-side and buy-side advisory services for middle market corporate and sponsor clients. 

• Equity Capital Markets (“ECM”): ECM bankers support the execution of equity financing transactions, helping companies raise capital through offerings such as initial public offerings (IPOs), follow-on equity offerings, convertible securities, and share repurchase programs.

Analysts are aligned with specific groups and potentially organized further by sector coverage. Availability of each group and sector varies by office location (see below). 

Atlanta, GA          Industry Coverage (Financial Institutions)

Mergers & Acquisitions (Human Capital Management; Commercial & Industrial Svcs; Transportation & Logistics; Software; Healthcare)

Boston, MA         Industry Coverage (Transportation & Logistics; Industrial & Infrastructure Svcs; Healthcare Svcs)

Leveraged Capital Markets (Healthcare; Financial Institutions; Aerospace, Defense & Government Svcs; Transportation & Logistics; Consumer & Retail; Real Estate, Gaming, Lodging & Leisure; Technology, Media & Telecom; Energy, Power & Chemicals)

Charlotte, NC      Industry Coverage (Aerospace, Defense & Government Svcs; Industrial Equipment & Distribution; Commercial & Residential Svcs; Financial Institutions; Communications)

                       Mergers & Acquisitions (Consumer, Franchise & Restaurant)

New York, NY      Industry Coverage (Healthcare; Gaming & Leisure)

                               Equity Capital Markets (ECM)

San Francisco, CA Industry Coverage (Technology; Real Estate)

Responsibilit