Investment Banking Associate, Digital Infrastructure M&A

A top-tier investment bank is hiring an Associate for its Digital Infrastructure coverage team, covering data centers, fiber, towers, wireless, and satellite. This is not a traditional media or telecom content group, and it is not a tech coverage seat. It is a dedicated infrastructure practice with its own deal dynamics, capital structures, and buyer universe, distinct from generalist TMT.

The team runs on the same fee pools and deal processes as top-tier bulge bracket names, and has recently led high-profile transactions including a lead advisory and bookrunner role on one of the first data center IPOs in years, alongside a major bulge bracket co-advisor.

• Building and owning complex financial models, three statement, operating, and transaction models, with full command of underlying drivers and assumptions.
• Leading M&A processes from origination through close, working directly with senior bankers and clients.
• Supporting capital markets execution alongside M&A, this group is active across ECM and DCM, not M&A only.
• Mentoring junior team members as part of a small, tight-knit coverage team.

• Associates with 2 to 6 years of experience and direct exposure to digital infrastructure, data centers, fiber, towers, wireless, or satellite, who can step in with minimal ramp time.
• Candidates at the Associate 0/1 or Senior Analyst level will also be considered if they bring strong modelling skills and genuine M&A transaction experience, industry specificity is a plus but not a hard requirement at this level.
• Backgrounds in diversified industrials, power and utilities, or mining and metals are welcome given the modelling intensity of those sectors.
• Candidates from financial sponsors, ECM, DCM, or leveraged finance backgrounds are not a fit for this seat, the bar here is core M&A execution.
• Boutique experience is valued if it comes from a shop specialized in digital infrastructure, or a founder/owner-focused middle market firm with genuine multi-transaction reps.
• Generalist boutique experience alone is not a strong fit.
• Candidates should currently be employed.
• Extended tenure at the Senior Analyst level without progression is not a positive signal for this process.

Interviews include a technical case study and modelling assessment, this stage is where the process is most selective, so strong, current modelling fluency matters more than a polished resume.

This is a place to build a career, not just take a job. The team has one of the stronger internal promotion tracks in the market, a clear history of analysts growing into associates and staying long term, low turnover, and a reputation for how it develops and supports junior bankers. Compensation is benchmarked competitively against top-tier investment banks.