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RBC Capital Markets Summer Analyst Internship
Everything you need to know about the RBC summer analyst program, including compensation, conversion rates, recruiting timeline, and application tips.
$2,115/week
10 weeks
~75-85%
Internship Compensation
Weekly Pay
$2,115
Annualized Salary
$110,000
Housing Stipend
$7,000
Relocation
Up to $2,000 for domestic relocation, $3,500 for international
Meals: Seamless dinner stipend when working past 7pm
Transport: Car service after 9pm on weekdays
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 RBC's position as Canada's largest bank and its U.S. investment banking strategy
- Demonstrate interest in the firm's sector strengths (natural resources, energy, financial institutions)
- Prepare for questions about cross-border M&A and Canadian market dynamics
- Highlight cultural fit with collaborative, relationship-driven culture
What to Expect
RBC Capital Markets' summer program offers exposure to a full-service investment banking platform combining bulge bracket resources with a more intimate middle market culture. Interns work across M&A, capital markets, and industry coverage groups, gaining broad product exposure. The program emphasizes technical training, professional development, and cultural fit. Class sizes are moderate (40-60 interns in the U.S.), with strong emphasis on mentorship and career development. RBC's Canadian heritage creates a distinctive culture valuing collaboration, long-term thinking, and sustainable work practices. Interns typically work 70-80 hour weeks, between bulge bracket and middle market norms. The firm's global platform provides unique exposure to Canadian markets and cross-border transactions. Strong performers receive return offers with clear development paths and potential international rotation opportunities.
Intern Perks
- Global platform exposure
- Canadian market access
- Full product suite training
- Mentorship program
- Networking across global offices
- Strong culture and work-life balance
Frequently Asked Questions
How much do RBC summer analysts make?
RBC Capital Markets summer analysts earn $2,115 per week, which annualizes to approximately $110,000. The program typically runs for 10 weeks.
What is the RBC intern conversion rate?
The conversion rate for RBC Capital Markets summer analysts to full-time offers is approximately ~75-85%. Final week of internship.
When should I apply to RBC Capital Markets?
Applications for the RBC Capital Markets Investment Banking Summer Analyst Program typically open August-September (year before). First round interviews are held September-November, with Superdays October-December.