Public Finance Investment Banking Intern - Hospitality

Job Description

At Piper Sandler, we connect capital with opportunity to build a better future. We enable growth and success of our clients through deep sector expertise, candid advice and a differentiated, highly productive culture.

We are a national public finance investment banking franchise focused on middle market issuers and specialty sector expertise, partnering with not for profits, private developers, and state and local governments to raise capital for infrastructure projects through the issuance of tax‑exempt and taxable bonds.

The Hospitality Finance Group is dedicated to helping clients raise capital for hospitality‑related needs, including new development, redevelopment, refi, recap, acquisition, economic development support and enterprise level projects.

Our Public Finance Investment Banking Intern‑Analyst is a full‑time (40 hours per week) internship intended to become a full‑time Analyst role. The internship provides extensive analytical and quantitative support, and the successful candidate will thrive in a fast‑paced, highly collaborative team.

• Develop comprehensive, dynamic quantitative financial models to structure and optimize public, public‑private, and private transactions.
• Prepare presentations and RFP/RFQ responses for proposals and new business development.
• Prepare marketing materials for conventional debt and equity capital raising processes.
• Conduct analyses on client capital structure, debt capacity, and credit profile, researching issuer financial information using public and internal resources.
• Monitor and track activities of credit rating agencies in target sectors and maintain a database of relevant or potentially relevant credit reports for future access.
• Brief bankers on important, relevant examples and overall trends.
• Gather and maintain data and research on hospitality industry trends, supply and demand predictions, and capital markets.
• Interact with internal and external financing team members in developing, executing, and closing transactions.
• Assist in the preparation of bond documents, including credit presentations and summaries, offering and placement memorandums, pricing materials, financing and legal documents, and closing instructions.

• Minimum B.S. or B.A. with majors in finance, real estate, hospitality, business, or related fields (preferred).
• 0-2 years of experience (preferred).
• Experience in hospitality, real estate investment and underwriting, hospitality finance and underwriting, or investment banking is a plus.
• Proactive and analytical approach; ability to process information quickly and make sound decisions within time constraints.
• Highly motivated, entrepreneurial mindset with intellectual curiosity, integrity, and eagerness to learn.
• Ability to multi‑task in a deadline‑sensitive environment with strong attention to detail.
• Excellent interpersonal, communication, presentation, and project‑management skills, with the ability to collaborate effectively and present ideas clearly and concisely.
• Advanced proficiency in Excel and other computer skills; ability to adopt new systems or programs as necessary.
• Working knowledge of DBC Finance is not required but preferred.
• Team‑oriented, yet able to work independently to contribute to strategic initiatives.

The anticipated starting hourly range is $25–$30 hourly, dependent on experience, location, and other factors. The internship is a full‑time (40 hours per week) position with potential to transition to a full‑time Analyst role upon completion.

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, protected veteran status, or status with regard to public assistance.