Piper Sandler Summer Analyst Internship

Piper Sandler's summer analyst program places interns directly into industry groups, providing sector-specific deal exposure from the outset. Interns in the healthcare group, for example, immediately begin working on pharmaceutical M&A, healthcare services transactions, and medical device advisory mandates, gaining specialized knowledge that would take longer to develop at a generalist bank. The program includes a structured training week covering financial modeling, valuation, and presentation skills, followed by ten weeks of hands-on deal team integration. Class sizes are moderate, creating a cohort experience while allowing meaningful individual attention. Piper Sandler assigns formal mentors from both junior and senior levels of the organization, and the mentorship commitment is genuine. Conversion rates are strong, generally in the seventy to seventy-five percent range. The firm's research-driven culture extends to the internship, with interns encouraged to develop informed views on their sector and contribute intellectual capital beyond just modeling and slide-building. Networking during the program benefits from the firm's sector focus: interns interact with bankers who are deeply embedded in their industry verticals and can provide career guidance specific to healthcare or financial institutions advisory. The Minneapolis headquarters provides a quality of life advantage compared to New York-based programs, with lower cost of living and a collegial Midwest culture.