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Piper Sandler Summer Analyst Internship
Everything you need to know about the PIPR summer analyst program, including compensation, conversion rates, recruiting timeline, and application tips.
$1,920/week
10 weeks
~70-80%
Internship Compensation
Weekly Pay
$1,920
Annualized Salary
$99,840
Housing Stipend
$5,000
Relocation
Up to $1,000 for domestic relocation
Meals: Dinner stipend when working past 8pm
Transport: Car service for late nights in NYC office
Recruiting Timeline
Applications Open
August-September (year before)
HireVue Deadline
October
First Round Interviews
September-November
Superdays
October-December
Offers Extended
November-January
Application Tips
- Research Piper Sandler's sector expertise and middle market positioning
- Demonstrate interest in the firm's focus sectors (healthcare, consumer, FIG, energy)
- Prepare for questions about middle market M&A dynamics
- Emphasize cultural fit and long-term career interest
What to Expect
Piper Sandler's summer program provides hands-on experience with middle market M&A transactions across the firm's core sectors. Interns gain substantial responsibility on live deals and direct client exposure uncommon at larger banks. Class sizes are moderate (25-40 interns), ensuring quality mentorship and meaningful staffing. The program includes sector-specific training and interaction with equity research analysts, providing broader market perspective. Piper Sandler's culture emphasizes sustainability and reasonable work hours, with interns typically working 70-80 hour weeks versus 90+ at bulge brackets. The firm values cultural fit and long-term potential over pure technical horsepower. Strong performers receive return offers with clear paths to sector specialization and advancement.
Intern Perks
- Sector-specific training (healthcare, consumer, FIG, energy)
- Equity research interaction
- Middle market deal exposure
- Mentorship program
- Strong culture and work-life balance
Frequently Asked Questions
How much do PIPR summer analysts make?
Piper Sandler summer analysts earn $1,920 per week, which annualizes to approximately $99,840. The program typically runs for 10 weeks.
What is the PIPR intern conversion rate?
The conversion rate for Piper Sandler summer analysts to full-time offers is approximately ~70-80%. Final week of internship.
When should I apply to Piper Sandler?
Applications for the Piper Sandler Investment Banking Summer Analyst Program typically open August-September (year before). First round interviews are held September-November, with Superdays October-December.