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

Debt Capital Markets (DCM) Role:

US Bancorp’s Debt Capital Markets (DCM) group specializes in the origination, structuring and syndication of fixed income securities (primarily publicly traded corporate bonds) for both investment grade and high yield corporations and partnerships across a variety of industries. Transactions finance a wide array of client needs, such as acquisitions, capital expenditures, “ESG” projects, liability management exercises, refinancings and recapitalizations.

Client coverage is focused on leading primary market bond issuances, 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 supporting this aim.

Incoming summer DCM analysts will join a lean, collegial and collaborative team that runs one of the leading underwriting platforms for domestic corporate bond issuances for an immersive, 10-week program. Summer analysts assist team members who share in their professional development, affording them the opportunity to take on increased ownership of the work product as their capabilities advance.

Roles and Responsibilities

Summer analysts directly support DCM 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 corporate bond 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 internal staff
• Run models to determine the financial impact of potential liability management transactions
• Regularly collaborate with internal team members, such as syndicate and corporate banking, 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, Financial Engineering, Economics, Accounting, Math, or a related field with a target graduation of December 2024/June 2025
• Ability to start the internship program on June 3, 2024

Preferred qualifications:

• Preferred GPA of 3.0 or above
• Major/concentration in Finance, Economics, Accounting, Math or a related field
• Previous industry experience, such as Investment Banking, Corporate Banking, Corporate Finance/Treasury, Sales & Trading
• Excellent verbal and written communication and presentation skills
• Proficiency in Microsoft Excel and PowerPoint
• Financial modeling, analytical and strategic thinking skills
• Exceptional work ethic and attention to detail
• High levels of personal motivation and intellectual capacity
• Comfort functioning both independently and as part of a team
• Ability and desire to work in an exciting, fast-paced environment
• Capacity to multi-task under stress and manage time efficiently
• Working understanding of the economy, capital markets and financial statement analysis
• General knowledge of Bloomberg Terminal

If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants .

Learn how the way we work at U.S. Bank drives meaningful relationships with our customers and collaboration across the company.

Benefits:

Our approach to benefits and total rewards considers our team members’ whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following (some may vary based on role, location or hours):

• Healthcare (medical, dental, vision)

• Basic term and optional term life insurance

• Short-term and long-term disability

• Pregnancy disability and parental leave

• 401(k) and employer-funded retirement plan

• Paid vacation (from two to five weeks depending on salary grade and tenure)

• Up to 11 paid holiday opportunities

• Adoption assistance

• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

EEO is the Law

U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors. Applicants can learn more about the company’s status as an equal opportunity employer by viewing the federal KNOW YOUR RIGHTS EEO poster.

E-Verify

U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E-Verify program.