2027 Summer Analyst Program - Investment Banking, Healthcare (San Francisco)

Location: San Francisco, California

Role Type: Internship/Co-op

Work Term: Summer/Term 3

Work Location: San Francisco, California, United States of America

Hours: 40

Pay Details: $30.00 - $45.00 USD

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 at TD. Our 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.

Job Description:

2027 Summer Analyst Program - Investment Banking, Healthcare (San Francisco)

TD Cowen, a division of TD Securities is a market leader in Capital Markets and Corporate & Investment Banking, delivering a full suite of integrated products and services across a wide range of industries. Our Investment Banking business provides world-class advice and execution services to guide corporations, financial institutions and financial sponsors through strategic M&A opportunities and capital markets transactions. Our client-first, solutions-oriented, and product agnostic approach drives high quality transaction outcomes and long-lasting relationships.

Our Investment Banking Summer Analyst program offers an exciting opportunity to gain valuable hands-on experience and deep insights into our day-to-day work as we deliver on innovative strategies and solutions to meet the objectives of our clients. You will work on a collaborative and dynamic team, during which you will develop extensive industry experience, build long-lasting relationships and create best-in-class, client-facing presentation materials and financial models.

Summer analysts will have the opportunity to learn about key healthcare sectors including biotechnology, medical technology and healthcare technology.

Participate in an immersive orientation and rigorous technical training program that is focused on building a strong foundation in financial analysis, accounting and valuation skills.

Build and maintain complex financial models.

Perform various financial analyses and apply valuation tools to assess opportunities.

Conduct comprehensive and in-depth company and industry research.

Draft external marketing materials and client pitch presentations.

Support in the execution of financing and M&A transactions.

Collaborate with various teams across the Corporate & Investment bank.

What makes Investment Banking right for you?

Investment Banking at TD Cowen offers the opportunity to gain extensive industry experience, develop long-lasting client relationships and create best-in-class, client-facing presentation materials and financial models.

Analysts will work in a fast-paced environment that is challenging yet collaborative and motivating.

Along with establishing soft skills (communication, professionalism, etc.) and technical skills (financial modeling, valuation analysis, etc.), successful analysts develop strong attention to detail, proactivity, urgency, pride, work ethic and enthusiasm.

Who We Are Looking For

Pursuing a bachelor’s degree with an anticipated graduation date between December 2027 and June 2028.

Authorized to work in the United States without the need for employer sponsorship. For individuals whose work authorization is or will be based on F-1 optional practical training, your degree or anticipated degree must be in a qualifying STEM program, as reflected on your Form I-20.  This role is not suitable for individuals who are ineligible for a STEM OPT extension

Results driven, proven academic excellence and strong interpersonal skills.

High ethical and professional standards.

Strong financial/analytical skills, knowledge of MS Excel preferred.

Proactive and highly motivated.

Able to work effectively in a team environment and independently.

Demonstrated leadership (i.e., sports, clubs, extracurricular activities, and philanthropy, etc.).

Application Deadline: October 11, 2026.

Interviews will occur on a rolling basis through October – it is encouraged that candidates apply well ahead of the deadline of October 11, 2026.

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The Intern assists designated department management and staff in performing assigned tasks under direct or general supervision. Exemplifies the TD Securities Culture and Customer Service Philosophy. The intern will be required to interact with various internal and external groups.

Depth & Scope:

Builds an understanding of the businesses and Customers the role supports

May answer and direct incoming calls internally and externally

Provides support for Manager and others areas, as indicated

May assist in completing various departmental projects/reports

May assist in the Preparation of specific schedules related to the monthly/quarterly/yearly reports or projects

Analyzes specific accounts

Assists in the preparation of specific federal and state returns

Assists with projects

Assists in the audit requests

Assists with operational and administrative functions

May support or partner with several business functions/areas/departments

Participates in various projects and tasks, as assigned

Education & Experience:

High School Diploma required

Currently enrolled in 4 year college program or post graduate program

3.2 GPA or higher preferred

Excellent computer skills, including Microsoft Office

Excellent interpersonal skills

Demonstrated leadership qualities

Good written and oral communications skills

Detail oriented and self-motivated

Ability to handle multiple tasks in a fast-paced environment

Ability