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Investment Banking Summer Analyst Program

Raymond James Summer Analyst Internship

Everything you need to know about the Raymond James 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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Weekly Pay

$1,825/week

Duration

10 weeks

Conversion Rate

~68-78%

Overview

Raymond James' summer analyst program provides a well-structured introduction to middle market investment banking within a supportive and relationship-oriented culture. Interns participate in formal training covering financial modeling, valuation, and professional development before being placed into industry groups where they contribute to live deal work. The program includes regular social events, networking sessions, and community involvement opportunities that reflect the firm's values-driven culture. Class sizes are manageable, creating a cohort experience while allowing individual attention from mentors and team members. Raymond James assigns formal mentors and provides structured feedback at multiple points during the program. Conversion rates are solid, reflecting the firm's genuine interest in developing interns into full-time analysts. The St. Petersburg location provides a unique summer experience: warm weather, lower cost of living, and a more relaxed atmosphere outside of work hours compared to New York-based programs. Interns benefit from the firm's integrated platform, gaining exposure to how investment banking, wealth management, and capital markets interact within a diversified financial services firm. The culture during the internship is professional but warm, with senior bankers who are genuinely accessible and invested in intern development. For candidates seeking a middle market banking experience with strong mentorship, meaningful deal exposure, and a culture that values long-term development, Raymond James' internship is highly regarded.

Internship Compensation

Weekly Pay

$1,825

Annualized Salary

$94,900

Housing Stipend

$4,000

Relocation

Up to $1,000 for domestic relocation

Meals: Dinner expense coverage when working late

Transport: Car service for late nights in major offices

Recruiting Timeline

1

Applications Open

March-June of sophomore year

2

HireVue Deadline

June-August of sophomore year

3

First Round Interviews

June-September of sophomore year

4

Superdays

August-November of sophomore year

5

Offers Extended

September-December of sophomore year

Application Tips

  • Research Raymond James' wealth management integration and client-centric approach
  • Demonstrate interest in relationship-driven middle market advisory
  • Prepare for cultural fit questions emphasizing collaboration and long-term thinking
  • Highlight interest in sustainable career development

What to Expect

Raymond James' summer program provides exposure to middle market M&A within a diversified financial services platform. Interns work on relationship-driven advisory mandates across industry sectors, gaining client exposure uncommon at larger banks. The program emphasizes cultural fit, professional development, and sustainable work practices. Class sizes vary by office (15-30 total), with regional offices offering more intimate team environments. Interns typically work 60-70 hour weeks, significantly below bulge bracket norms. The culture values collaboration, integrity, and client service over transactional deal execution. Raymond James' wealth management business provides unique cross-selling opportunities and exposure to integrated financial services. Conversion rates reflect the firm's selective approach to full-time hiring and cultural fit emphasis.

Intern Perks

  • Exposure to wealth management integration
  • Middle market M&A focus
  • Regional banking experience
  • Strong mentorship culture
  • Work-life balance focus

Frequently Asked Questions

How much do Raymond James summer analysts make?

Raymond James summer analysts earn $1,825 per week, which annualizes to approximately $94,900. The program typically runs for 10 weeks.

What is the Raymond James intern conversion rate?

The conversion rate for Raymond James summer analysts to full-time offers is approximately ~68-78%. Final week of internship.

When should I apply to Raymond James?

Applications for the Raymond James Investment Banking Summer Analyst Program typically open March-June of sophomore year. First round interviews are held June-September of sophomore year, with Superdays August-November of sophomore year.

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