Summer Associate 2025

at  TD Bank

JOB DESCRIPTION:

Investment Banking at TD Securities
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.

Your Summer as an Investment Banking Analyst

• You will be assigned to a Toronto industry coverage group or product (e.g., mergers & acquisitions, debt capital markets or equity capital markets) 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.

How You Will Contribute

• 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.

Qualifications

• Graduating in December 2025 or spring/summer 2026 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).

Location
Toronto
How to Apply
Submit your complete application package ( cover letter, resume, and most recent unofficial transcript), including projected graduation date.

WHO WE ARE

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 deliver legendary customer experiences to 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 the Bank, those we serve, and the economies we support. We are guided by our vision to Be the Better Bank and our purpose to enrich the lives of our customers, communities and colleagues.
TD is deeply committed to being a leader in customer experience, that is why we believe that all colleagues, no matter where they work, are customer facing. As we build our business and deliver on our strategy, we are innovating to enhance the customer experience and build capabilities to shape the future of banking. Whether you’ve got years of banking experience or are just starting your career in financial services, we can help you realize your potential. Through regular leadership and development conversations to mentorship and training programs, we’re here to support you towards your goals. As an organization, we keep growing – and so will you.

Internship/Co-op