2026 KeyBanc Capital Markets Investment Banking Full-Time Analyst

Location:

KeyBanc Capital Markets

KeyBanc Capital Markets (KBCM) is a leading corporate and investment bank providing capital markets and advisory solutions to dynamic companies capitalizing on opportunities in changing industries. Our deep industry expertise, broad capabilities and unique ideas are seamlessly delivered to companies across the Consumer & Retail, Diversified Industries, Healthcare, Industrial, Oil & Gas, Real Estate, Utilities, Power & Renewables, and Technology verticals. With over 800 professionals across a national platform, KeyBanc Capital Markets has more than $30 billion of capital committed to clients and an award-winning Equity Research team that provides coverage on over 700 publicly traded companies.

The analyst program provides an excellent opportunity for senior-level banker and client exposure and higher, immediate "hands-on" experience.

About the Analyst Training Program

Upon joining Key, all Analysts participate in an enterprise-wide, multi-week training program. Following the successful completion of the program, Analysts join their assigned business groups full time. Program highlights include:

• Foundational training in financial accounting, corporate finance theory, cash-flow analysis, credit/ risk analysis, and financial modeling and valuation
• Robust feedback and performance management
• Ongoing professional development opportunities
• Engagement with executives and senior leaders
• Social and networking activities with fellow Key Analysts
• Community involvement

About the Position

KBCM Analysts impact our clients' businesses through involvement in all facets of investment banking activities, including equity and debt offerings, valuations, private placements, mergers and acquisitions, leveraged buyouts, and strategic advisory work. On a day-to-day basis our Analysts:

• Actively contribute to each phase of the deal process with high-level transaction teams
• Prepare financial models and valuations
• Create business development pitchbooks, management, and board presentations
• Conduct industry- and company-specific research
• Work in partnership with senior bankers

Required Qualifications:

• Must have completed at least three years toward a four-year, undergraduate degree program with coursework in finance, economics or accounting with an anticipated graduation in or before June of 2026
• Minimum 3.5 undergraduate GPA
• Strong quantitative and critical thinking abilities
• Demonstrated leadership and teamwork from past work experience and/or extracurricular activities
• Highly motivated with a strong work ethic
• Outstanding interpersonal, communication and presentation skills

Locations where analysts may be placed include: Cleveland, Charlotte, Chicago, Boston, NYC

Groups where analysts may be placed include: Debt Capital Markets - Loan Syndicate and Sales, Debt Capital Markets - Banking Group Portfolio Management, Industrials, Technology, Financial Services, and Public Finance

Debt Capital Markets

Opportunities within Debt Capital Markets include: Banking Group Portfolio Managment and Loan Syndicate & Sales
The Debt Capital Markets team structures, markets and executes debt financing transactions for corporate and sponsor (private equity) clients in a wide range of industries. Common financing scenarios include acquisitions, dividend recapitalizations, debt refinancing, leveraged buyouts and working capital facilities. The Debt Capital Markets team raises debt capital for clients primarily through the bank, institutional term loan, high yield and investment grade bond markets.

Financial Services

The Financial Services Group (FSG) provides a comprehensive suite of corporate and investment banking services to a broad base of blue-chip clients. FSG's services include capital raising through both the debt and equity markets, treasury and enterprise commercial payments solutions, investment management and strategic advisory transactions. FSG serves publicly- and privately-owned companies operating in the Property & Casualty, Life & Annuity, and Health Insurance markets as well as public accounting firms, insurance broker-dealers, asset managers, specialty finance, consumer lending and more.

Industrial

Provides investment banking services targeting middle market industrial companies and industrial-focused financial sponsors. Service offering includes M&A advisory and capital markets capabilities ranging from public and private financing to equity issuance. The Industrial group is both deal origination and execution focused, presenting a great opportunity to engage in pitches and deal execution across a wide breadth of financial services.

Public Finance

Our Public Finance Group professionals advise, structure and execute financings for governmental issuers, non-profit entities (including those in the healthcare, development finance and higher education sectors, among others) and corporate, tax-exempt borrowers to deliver strategic solutions that help clients achieve their financial goals. The Public Finance Group operates out of thirteen regional offices across the country and has underwritten more than $65 billion in municipal bonds since 2015, with individual issues ranging from $250,000 to over $1 billion. KBCM has been committed to expanding its presence in the municipal finance industry, which is evidenced by its recent acquisition of Cain Brothers & Company, LLC ("Cain Brothers") in October 2017. Cain Brothers is a pre-eminent healthcare-focused investment banking and public finance firm that specializes in healthcare providers, healthcare services, life sciences and medical technology.

Technology -

KBCM's Technology Group operates at the leading edge, where global connectivity and the continuing evolution of technology is fueling unprecedented change across all industries. We apply our knowledge of the drivers of value creation, anetwork of relationships and a comprehensive suite of corporate and investment banking services to assist our clients in gaining competitive advantage and achieving superior returns from the seismic shifts occurring in technology and its broader impact. Through a highly specialized team of institutional sales and trading, equity research and investment banking experts, we offer a broad spectrum of financial tools and products, including equity and debt capital markets, M&A advisory, syndicated finance and other corporate banking services.

KBCM Technology Group specializes in a variety of sectors, including:

• Communications & Infrastructure
• Energy & Industrial Technologies
• FinTech
• Internet
• Software & Security
• Tech Services

(Note: Sector coverage varies by office location.)

*KeyBank's Internship and Analyst positions are not eligible for employment visa sponsorship (e.g., H-1B visa). This includes, for example, situations where a candidate may have temporary work authorization while enrolled in school or upon graduation (e.g., CPT, OPT) but would need H-1B visa sponsorship within a few years of employment in order to maintain employment eligibility.

Qualified individuals with disabilities or disabled veterans who are unable or limited in their ability to apply on this site may request reasonable accommodations by emailing HR_Compliance@keybank.com.

COMPENSATION AND BENEFITS

Compensation and Benefits

During the initial training period, this position is eligible for a weekly salary range of $1,370 -$1,730 per week. Full-Time Analysts are eligible for overtime compensation during the initial training period which is paid in accordance with the Fluctuating Workweek Method. Following the training program, the base salary for this position range is $80,000 - $105,000.

Please click here for a list of benefits for which this position is eligible.

Qualified individuals with disabilities or disabled veterans who are unable or limited in their ability to apply on this site may request reasonable accommodations by emailing HR_Compliance@keybank.com.