INTERNSHIP DETAILS

Equity Research Intern - Financial Services Group

CompanyPiper Sandler
LocationMinneapolis
Work ModeOn Site
PostedApril 21, 2026
Internship Information
Core Responsibilities
The intern will partner with senior analysts to conduct extensive company and industry research while creating financial models and valuation analyses. They will also write reports and develop investment recommendations while building relationships with company management teams.
Internship Type
full time
Salary Range
$75,000 - $125,000
Company Size
2062
Visa Sponsorship
No
Language
English
Working Hours
40 hours
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About The Company
Piper Sandler Companies (NYSE: PIPR) is a leading investment bank driven to help clients Realize the Power of Partnership®. Founded in 1895, the firm is headquartered in Minneapolis with more than 60 offices across the U.S. and in London, Aberdeen, Zurich, Munich, Abu Dhabi and Hong Kong. We offer a full suite of products to serve our clients’ business life cycle needs, geographic reach in an increasingly global market, and deep expertise in our core sectors. Learn more at PiperSandler.com. Piper Sandler Companies (NYSE: PIPR) is a leading investment bank driven to help clients Realize the Power of Partnership®. Securities brokerage and investment banking services are offered in the U.S. through Piper Sandler & Co., member SIPC and NYSE; in the U.K. through Piper Sandler Ltd., authorized and regulated by the U.K. Financial Conduct Authority; in the EU through Aviditi Capital Advisors Europe GmbH, a tied agent of AHP Capital Management GmbH, authorized and regulated by BaFin; in the Abu Dhabi Global Market through Piper Sandler MENA Ltd., authorized and regulated by the ADGM Financial Services Regulatory Authority; and in Hong Kong through Piper Sandler Hong Kong Ltd., authorized and regulated by the Securities and Futures Commission. Alternative asset management and fixed income advisory services are offered through separately registered advisory affiliates.
About the Role

Job Description:

At Piper Sandler, we connect capital with opportunity to build a better future. 

We believe that diverse teams with unique backgrounds, skills and experiences yield more innovative solutions. This is reflected in our commitment to engage, hire, and retain bright, committed people to work in partnership within an inclusive environment that allows each person to achieve personal success and add value to our teams and communities.

We are currently looking for an Equity Research Intern to join our FSG Group,

in Minneapolis, MN or Chicago, IL.

This Equity Research Intern position is at the associate level and offers a unique opportunity for an ambitious professional to play a meaningful role in our FSG group.

Responsibilities

  • Work in partnership with the senior analyst to conduct extensive company and industry research

  • Create financial models and valuation analyses

  • Write company reports, industry reports, and develop investment recommendations

  • Form relationships with company management teams through meetings, calls, roadshows, etc.

Requirements

  • The associate position is a demanding and fast-paced job that requires the ability to think quickly on one's feet and work independently

  • Strong candidates will have an intense interest in the stock market and a demonstrated record of professional, academic and personal achievement

  • Outstanding interpersonal and written communication skills

  • Outstanding quantitative and organizational skills

  • A strong competitive spirit balanced by a proven ability to work as part of a team

  • Bachelor’s degree in Accounting, Finance, or Economics required

  • Strong financial modeling experience required

  • Securities Industry Essentials, Series 86 and 87 required (or willingness to obtain)

  • Progress towards CFA a plus

As a leading investment bank, we enable growth and success for our clients through deep sector expertise, candid advice and a differentiated, highly productive culture.

In equities, our sales & trading teams facilitate public offerings in our core sectors and dedicate significant levels of firm capital to ensure the highest aftermarket support. We are a market maker and/or transact in 2,500 securities, offering traditional, algorithmic and program trading approaches. Our 50+ senior analysts produce industry-leading, deep-sector research on more than 1,000 stocks under coverage, including one of the largest small/mid cap coverage universes on the Street. We empower our investors with focused, best-in-class macro research. Our Institutional Investor top-ranked analysts utilize independent processes that provide impartial insights into economic trends, energy, portfolio strategy, technical analysis, policy actions and political developments. Learn more about our equities team here.

Piper Sandler values a strong culture dedicated to the emotional and physical well-being of our employees. Learn more about our commitment to our employee’s health, well-being, our benefits program and how we are here for our employees and their families today, tomorrow and beyond here.

The anticipated starting hourly range for individuals expressing interest in this internship is $21 - $30 an hour.  Placement within this range is dependent upon level of experience, location and other factors. Please note that this internship is NOT a summer internship. It is intended to become a salaried role soon after completion of an anticipated to be for a 3-month period. Consideration for a permanent position is dependent on performance.

If offered salaried role post internship: The anticipated starting salary range for individuals expressing interest in this position is $75,000 - $125,000 per year.  Placement within this range is dependent upon level of experience, location and other factors.  This position is eligible for annual incentive compensation which will be a part of the total compensation. Total compensation for this position will be competitive with the market.

All qualified applicants will receive consideration for employment without regard to race, color, creed, religion, sex, sexual orientation, gender identity, national origin, disability, age, marital status, status as a protected veteran or status with regard to public assistance.

*LI-AH1

Key Skills
Financial modelingValuation analysisCompany researchIndustry researchReport writingInvestment recommendationsQuantitative skillsOrganizational skillsWritten communicationInterpersonal skillsStock market analysisSeries 86Series 87Securities Industry Essentials
Categories
Finance & AccountingScience & ResearchConsulting
Benefits
Health insuranceWell-being program