2023 Investment Banking Summer Associate - New York, Financial Institutions Group

696

Americas
New York
Investment Banking
Summer Associate

Jefferies Group LLC, the largest independent, global, full-service investment banking firm headquartered in the U.S. focused on serving clients for 60 years, is a leader in providing insight, expertise and execution to investors, companies and governments. We offer deep sector expertise across a full range of products and services in investment banking, equities, fixed income, asset and wealth management in the Americas, Europe and the Middle East and Asia. Jefferies Group LLC is a wholly-owned subsidiary of Jefferies Financial Group Inc. (NYSE: JEF), a diversified financial services company.

GROUP DESCRIPTION:

Jefferies' Financial Institutions Group (“FIG”) offers a full range of investment banking services to the financial services industry. Our diverse client base covers a broad spectrum of companies, including those in sectors such as Broker-Dealers, Exchanges, Financial Technology, Insurance, Specialty Finance and Depository Institutions.

POSITION:

The Financial Institutions Group is actively looking for Summer Associates in our New York office.

How the program works

The Jefferies’ Summer Associate program offers students the unique opportunity to gain valuable experience across an array of investment banking products and industries. Hands-on product experience may include projects involving equity, equity-linked and debt financing, leveraged finance and lending, M&A advisory and recapitalization and restructuring services.

What you can expect

Jefferies’ lean deal team structure affords Summer Associates the opportunity to work closely with senior bankers on pitches and live deals while overseeing Summer Analysts’ work product. Tasks go well beyond performing fundamental analysis and research into companies and markets. A Summer Associate is expected to understand market implications, identify key industry and product trends and provide input on pitch and deal material to enhance client deliverables. Summer Associates add value to the team from day one. They are expected to think creatively and pursue their projects with excellence, a collaborative spirit, and with the highest levels of integrity.

Following an enriching orientation and training program, Summer Associates will begin working on their day-to-day responsibilities, with support from colleagues serving as both instructors and mentors throughout the 10-week engagement. Jefferies’ collegial program also offers a series of social and educational events to further enhance your professional development and grow your network. These events help Associates develop lasting personal and professional relationships with peers and senior bankers that will serve as the foundation for a successful career. As a way to help maximize your experience with us, Summer Associates receive formal performance reviews.

Summer Associate responsibilities may include, but are not limited to:

  • Performing and reviewing financial valuation, discounted cash flow and comparable companies multiples-based analyses 
  • Building and using financial models 
  • Preparing pitch books and live deal materials, such as offering memorandums and prospectuses 
  • Conducting industry and product research 
  • Analyzing detailed corporate and financial information
  • Participating in the execution of financings, M&A and restructuring and recapitalization transactions

What we look for in a candidate

We look for candidates who are eager to make an impact by doing real, hands-on work and participate on active deal teams. Successful Jefferies’ Summer Associates will be able to multitask and manage a variety of projects simultaneously. Candidates must demonstrate professionalism and client management skills together with strong technical, written, and verbal communication skills. The work is fast paced, intense and intellectually stimulating. The ability to work under pressure and tight deadlines, be adaptable and work both independently and as part of a team are essential traits of a successful candidate. You should have a strong academic background and in the process of completing the first year of a two-year MBA degree. Although a background in accounting or finance is helpful, we hire Summer Associates who have studied a variety of disciplines.

*You must graduate with an MBA degree December 2023-June 2024*

Diversity, Equal Employment Opportunity, Reasonable Accommodations and COVID 

At Jefferies, we believe that diversity fosters creativity, innovation and thought leadership through the infusion of new ideas and perspectives. We have made a commitment to building a culture that provides opportunities for all employees regardless of our differences, and supporting a workforce that is reflective of the communities where we work and live. As a result, we are able to pool our collective insights and intelligence to provide fresh and innovative thinking for our clients.

Jefferies is an equal employment opportunity workplace.  We practice equal opportunity for all, regardless of race, religion, ancestry, color, gender, pregnancy, age, physical or mental disability or medical condition, national origin, marital status, sexual orientation, gender identity or expression, covered veteran or military status, genetic information, reproductive health decisions, or any other factor protected by law. We are committed to hiring the most qualified applicants and complying with all federal, state, and local equal employment opportunity laws. In accordance with applicable law, we are dedicated to finding reasonable accommodations for candidates and employees’ religious practices and beliefs, as well as any mental health or physical disability needs. Please inform your recruiter should you require accommodations throughout your application process.

Jefferies’ COVID-19 Policy – US

The salary for this role is $175,000, pro-rated. 

This opportunity is closed to applications.