Job Description

Job Summary

Job Description

Global Investment Banking – MBA Diversity Fellowship

What is the opportunity?

RBC Capital Markets is a premier investment bank that provides a focused set of products and services to corporations, institutional investors and governments around the world. With more than 7,100 professionals, we operate out of 70 offices in 15 countries across North America, the U.K., Europe, and the Asia-Pacific region.

We work with clients in over 100 countries around the world to deliver the expertise and execution required to raise capital, access markets, mitigate risk and acquire or dispose of assets. We are consistently ranked among the largest global investment banks according to Bloomberg and Dealogic.

RBC Capital Markets is part of a leading provider of financial services, Royal Bank of Canada (RBC). Operating since 1869, RBC is one of the top 15 largest banks in the world and the fifth largest in North America, as measured by market capitalization. With a strong capital base and consistent financial performance, RBC is among a small group of highly rated global banks.

MBA Diversity Fellowship

RBC Capital Markets is committed to fostering workplace diversity and inclusion, and we are proud to offer the MBA Diversity Fellowship for talented first year MBA students in pursuit of a 2025 Global Investment Banking summer internship.

Following receipt and acceptance of an internship offer, fellowship recipients will receive a US$40,000* award in addition to the summer associate salary. Upon successful completion of the summer internship and acceptance of a full-time offer, fellowship recipients will receive an additional US$40,000* in addition to any applicable signing bonuses.

*Total reward not including applicable deductions

Eligibility:

• Full-time or part-time MBA student graduating in December 2025 or Spring 2026
• People who identify as female, LGBTQ+, Black, Hispanic/Latinx, Native American/Indigenous, or Veteran

Deadline: November 1, 2024

RBCCM U.S. Summer Associate Program

Each year, we invite rising second-year MBA students to join our Global Investment Banking (GIB) platform for a 10-week U.S. Summer Associate Program. The program provides an opportunity for you to experience the culture and atmosphere of RBC Capital Markets and experience the role of a full-time Associate.

What will you do?

GIB provides a complete suite of strategic advisory services, as well as equity and debt capital raising capabilities for leading corporations, institutions and governments. RBC Capital Markets’ investment banking platform focuses on nine core industries and seven product groups:

Industries:

• Communications, Media and Entertainment (CME)
• Consumer/Retail
• Energy
• Financial Services (FIG)
• Healthcare
• Industrials/Automotive
• Power & Utilities/Infrastructure
• Real Estate
• Technology

Product Groups:

• Convertibles
• Equity Capital Markets (ECM)
• Financial Sponsors
• Leveraged Finance Capital Markets
• Mergers & Acquisitions (M&A)
• Alternative Investors
• Private Placements

Similar to full-time GIB Associates, summer associates will spend their time:

• Working on a variety of live transactions and client-facing business development initiatives in all areas of GIB
• Developing and preserving complex financial models
• Contributing to the delivery of client meetings and presentations
• Conducting research to analyze market trends
• Researching and analyzing future opportunities

What do you need to succeed?

In selecting summer associates, we look for the following:

• Students in their penultimate year of study at an accredited 2-year MBA program
• 2+ years’ work post-undergraduate work experience
• Ability to manage multiple competing priorities and thrive in a fast-paced and challenging environment
• Value and possess strong competency in the following behaviors: Collaboration, Relationship Building, Communication, Integrity and Operating with Diverse and Inclusive Mindset
• Well-rounded set of interests and extra-curricular activities beyond academics

What’s in it for you?

We thrive on the challenge to be our best, think progressively, continue our growth, and deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our individual/collective potential, making a difference to our communities, and achieving success that is mutual.

From this experience you would gain:

• A strong foundation in fundamental investment banking skills such as financial modeling and analysis, transaction execution and negotiation, and in-depth industry/product knowledge
• A better understanding of RBC’s products and services
• The support of a mentor (typically a full-time Associate or Vice President)
• An opportunity to network and discuss career opportunities through a number of social events

The good-faith expected salary range for the above position is $175,000 depending on factors including but not limited to: the candidate’s experience, skills, registration status, market conditions, and business needs. RBC’s compensation philosophy and principles recognize the importance of a highly qualified global workforce and plays a critical role in attracting, engaging and retaining talent that:

• Drives RBC’s high-performance culture
• Enables collective achievement of our strategic goals
• Generates sustainable shareholder returns and above market shareholder value

Inclusion and Equal Opportunity Employment

RBC is an equal opportunity employer committed to diversity and inclusion. We are pleased to consider all qualified applicants for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, protected veterans’ status, Aboriginal/Native American status or any other legally-protected factors. Disability-related accommodations during the application process are available upon request.

Job Skills

Additional Job Details

Address:

BROOKFIELD PLACE FKA 3 WORLD FINANCIAL CENTER, 200 VESEY STREET:NEW YORK

City:

New York

Country:

United States of America

Work hours/week:

40

Employment Type:

Full time

Platform:

Job Type:

Student/Coop (Fixed Term)

Pay Type:

Salaried

Posted Date:

2024-08-23

Application Deadline:

2024-11-02

I nclusion and Equal Opportunity Employment

At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.
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We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.

Job Tags

Full time, Part time, Fixed term contract, Work experience placement, Summer work, Summer internship, Relocation bonus,

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