2026 Capital Markets, Global Markets Summer Associate, Equity Research Biotechnology

WHAT IS THE OPPORTUNITY?

RBC Capital Markets is a premier, global investment bank and subsidiary of the Royal Bank of Canada (RBC), which is one of the top 15 largest banks in the world and the fifth largest in North America, as measured by market capitalization.

RBC Capital Markets is a premier investment bank that provides a focused set of products and services to corporations, institutional investors and governments around the world. With more than 7,100 professionals, we operate out of 70 offices in 15 countries across North America, the U.K., Europe, and the Asia-Pacific region.

We work with clients in over 100 countries around the globe to deliver the expertise and execution required to raise capital, access markets, mitigate risk and acquire or dispose of assets. According to Bloomberg and Dealogic, we are consistently ranked among the largest global investment banks.

SUMMER RESEARCH PROGRAM

Our Biotechnology Equity Research Summer Associate internship provides students with practical training, hands-on capital markets experience and career-building mentorship throughout the ten-week program. Successful applicants will be assigned to work on our biotechnology research team for the duration of the program in the New York office.

WHAT WILL YOU DO?

You will have the opportunity to work directly with an established Equity Research Analyst and team of associates covering a biotechnology sector. Throughout the summer you will also have the opportunity to hear and learn from senior leaders across RBC Capital Markets, expanding your knowledge base and network. Some specific tasks you may be assigned include:

• Building and maintaining complex financial models and equity valuation tools
• Researching and staying up-to-date with industry trends
• Contributing to day-to-day production of research content and longer-term projects

WHAT DO YOU NEED TO SUCCEED?

Each candidate will be evaluated on their individual merit; however, it is a definite asset to possess the following qualifications:

• PhD or MD candidate in life sciences field relevant to therapeutics;
• Proven interest in financial markets;
• History of academic excellence;
• Strong analytical and interpersonal skills;
• Track record of leadership experience outside the classroom

We seek competitive individuals who possess the energy, enthusiasm and capacity to work in a fast-paced and dynamic environment. Successful candidates are selected based on their scientific/therapeutics expertise, related capital markets work experience, market knowledge, financial analysis prowess, academic excellence, and strong communication skills. Candidates need to be confident in their personal capabilities but willing to learn and do what it takes to complete a task.

WHAT'S IN IT FOR YOU?

We thrive on the challenge to be our best, think progressively, continue our growth, and deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our individual/collective potential, making a difference to our communities, and achieving success that is mutual.

From this experience you would gain:

• Hands-on experience working alongside equity research analysts and associates who are among the best in the industry
• Best in class training which include orientation sessions as well an in-class curriculum and regular information sessions with key business leaders
• Direct exposure to the different areas of the capital markets
• An understanding of RBC Capital Markets' global capabilities
• Unique exposure to and experience in international markets

Diversity and Equal Opportunity Employment:

RBC is an equal opportunity employer committed to diversity and inclusion. We are pleased to consider all qualified applicants for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, protected veterans status or any other legally-protected factors.

The good-faith expected salary range for the above position is $100,000-$140,000 depending on factors including but not limited to the candidate's experience, skills, registration status; market conditions; and business needs.RBC's compensation philosophy and principles recognize the importance of a highly qualified global workforce and plays a critical role in attracting, engaging and retaining talent that:

* Drives RBC's high performance culture

* Enables collective achievement of our strategic goals

* Generates sustainable shareholder returns and above market shareholder value

Additional Job Details

Inclusion and Equal Opportunity Employment