BMO Capital Markets Summer Analyst Internship
Everything you need to know about the BMO Capital Markets summer analyst program, including compensation, conversion rates, recruiting timeline, and application tips.
Last updated April 2026 · By the Superday AI editorial team
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$1,850/week
10 weeks
~65-70%
Overview
BMO Capital Markets runs a 10-week Investment Banking Summer Analyst program paying roughly $1,850 per week and converting about 65-70% of interns to full-time offers.
Key facts
- The program runs 10 weeks from June to August.
- Interns are paid approximately $1,850 per week, around $96,000 annualized, plus a $3,000 housing stipend.
- BMO converts roughly 65-70% of summer interns to full-time offers.
- The class typically brings in 30-50 interns globally across the Toronto, New York, and Chicago offices.
- Return offers are typically extended in the final week of the program, before it concludes.
Compensation
The Summer Analyst role pays approximately $1,850 per week, which works out to around $96,000 annualized. BMO adds a $3,000 housing stipend, and relocation assistance is available for both Canadian and US candidates. Housing itself is not provided.
Conversion And Return Offers
BMO converts roughly 65-70% of its summer interns into full-time analyst offers. Offers are typically extended in the final week of the program, before it concludes, so strong interns usually know where they stand before leaving.
The Experience
The 10-week program opens with a training week covering financial modeling, valuation, BMO's product capabilities, and sector modules for industries like energy and mining. After that, interns are staffed on active transactions and expected to contribute to pitch books, valuation analyses, and client materials. The cross-border platform gives many interns exposure to Canada-US deal flow and natural resources transactions. Formal mentor assignments and regular check-ins support professional development throughout.
Recruiting And Timing
Applications open in late summer and interviews run through the fall, in line with the standard Canadian and US banking calendar. BMO recruits heavily from Canadian target schools and is expanding its US footprint as its American operations grow. School events, coffee chats, and informational interviews are effective, since the collegial culture means analysts and associates are generally willing to spend time with prospective interns.
Internship Compensation
Weekly Pay
$1,850
Annualized Salary
$96,000
Housing Stipend
$3,000
Relocation
Available for Canadian and US candidates
Meals: Meal allowance
Transport: Transportation support
Recruiting Timeline
Applications Open
August-October (year before)
HireVue Deadline
October
First Round Interviews
October-December
Superdays
November-February
Offers Extended
December-March
Application Tips
- Emphasize interest in natural resources, energy, or industrials
- Highlight work-life balance values alongside deal experience
- Prepare technical questions on M&A and valuation
- Show awareness of BMO's Canadian roots and US growth strategy
What to Expect
BMO Capital Markets' summer program combines US investment banking training with Canadian bank culture. The first week includes modeling, valuation, and presentation skills training. Interns work on live transactions, often in natural resources or cross-border M&A, gaining exposure to BMO's sector strengths. The culture emphasizes collaboration and sustainability, with more predictable hours than top bulge brackets. Performance is evaluated through mid-summer and final reviews, with return offers based on technical ability, teamwork, and cultural fit. Exit opportunities include corporate development at resource companies and middle-market private equity.
Intern Perks
- Natural resources sector exposure
- Work-life balance focus
- Cross-border banking training
Frequently Asked Questions
How much do BMO Capital Markets summer analysts make?
BMO Capital Markets summer analysts earn $1,850 per week, which annualizes to approximately $96,000. The program typically runs for 10 weeks.
What is the BMO Capital Markets intern conversion rate?
The conversion rate for BMO Capital Markets summer analysts to full-time offers is approximately ~65-70%. Final week of program.
When should I apply to BMO Capital Markets?
Applications for the BMO Capital Markets Investment Banking Summer Analyst typically open August-October (year before). First round interviews are held October-December, with Superdays November-February.
More BMO Capital Markets Resources
Sources
- BMO Capital Markets - Careers. BMO Capital Markets (accessed 2026-05-14)
- Internship & Co-op Survey. National Association of Colleges and Employers (NACE) (accessed 2026-05-14)