Investment Banking Summer Analyst

Role Overview

• Role Type Internship/Co-op
• Work Term Summer/Term 3
• Work Location Toronto, Ontario, Canada
• Hours 37.5
• Pay Details $100,000 - $100,000 CAD

TD is committed to providing fair and equitable compensation opportunities to all colleagues. Growth opportunities and skill development are defining features of the colleague experience  compensation policies and practices have been designed to allow colleagues to progress through the salary range over time as they progress in their role. The base pay actually offered may vary based upon the candidate's skills and experience, job‑related knowledge, geographic location, and other specific business and organizational needs.

As a candidate, you are encouraged to ask compensation related questions and have an open dialogue with your recruiter who can provide you more specific details for this role.

TD Securities offers a wide range of capital markets products and services to corporate, government, and institutional clients who choose us for our innovation, execution, and experience.

With more than 6,500 professionals operating out of 40 cities across the globe, we help clients meet their needs today and prepare for tomorrow. Our services include underwriting and distributing new issues, providing trusted advice and industry‑leading insight, extending access to global markets, and delivering integrated transaction banking solutions. In 2023, we acquired Cowen Inc., offering our clients access to a premier U.S. equities business and highly‑diverse equity research franchise, while growing our strong, diversified investment bank.

We are growth‑oriented, people‑focused, and community‑minded. As a team, we work to deliver value for our clients every day.

• You will be assigned to a Toronto industry coverage group or product (e.g., M&A) and gain experience in a variety of capital markets / corporate finance transaction types across a range of industries.
• You will work under the overall direction of a senior officer in a group of experienced professionals as they generate ideas, advise clients and execute transactions.

• Research and analyze clients' financial situations, industry and market data, and mergers and acquisition opportunities;
• Develop valuation models of individual private and public companies as well as merged entities;
• Apply valuation tools to assess opportunities;
• Value private and public companies;
• Assist with client negotiations and documentation;
• Prepare external client proposals and internal underwriting memos;
• Prepare client presentations based upon the above.

• Graduating in December 2027 or spring/summer 2028 with an undergraduate degree;
• Have a combination of strong analytical skills, excellent communication abilities and a solid foundation in finance or mathematics;
• Ability to work effectively in a team environment; and,
• Demonstrated leadership experience (i.e. sports, clubs, extracurricular activities, philanthropy).

Toronto

Submit your complete application package (cover letter, resume, and most recent unofficial transcript), including projected graduation date by February 23, 2026.

Megan Da Costa
Early Talent Acquisition Partner, TD Securities

• Only complete application packages will be considered for this role
• Please submit your application as one file
• We appreciate all interested applicants, however; only those candidates selected for an interview will be contacted.
• TD is committed to providing a barrier‑free workplace to all customers and employees. Should you require an interview accommodation - we will work with you to meet your needs.

TD is one of the world's leading global financial institutions and is the fifth largest bank in North America by branches/stores. Every day, we strive to make every interaction, product, and experience remarkably human and refreshingly simple for over 27 million households and businesses in Canada, the United States and around the world. More than 95,000 TD colleagues bring their skills, talent, and creativity to foster deeper…