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Investment Banking Summer Analyst

TD Securities Summer Analyst Internship

Everything you need to know about the TD summer analyst program, including compensation, conversion rates, recruiting timeline, and application tips.

Weekly Pay

$1,800/week

Duration

10 weeks

Conversion Rate

~65-70%

Internship Compensation

Weekly Pay

$1,800

Annualized Salary

$94,000

Housing Stipend

$2,800

Relocation

Available for Canadian and US candidates

Meals: Meal support

Transport: Transportation allowance

Recruiting Timeline

1

Applications Open

August-October (year before)

2

HireVue Deadline

October

3

First Round Interviews

October-December

4

Superdays

November-February

5

Offers Extended

December-March

Application Tips

  • Emphasize interest in TD's sector strengths (energy, natural resources, FIG)
  • Highlight values alignment with sustainable and relationship banking
  • Prepare technical questions on M&A and industry-specific valuation
  • Show awareness of TD's Canadian leadership and US expansion

What to Expect

TD Securities' summer program blends US investment banking with Canadian bank culture and values. Training in the first week covers financial modeling, sector-specific valuation, and client relationship management. Interns work on live transactions in TD's focus sectors, gaining exposure to natural resources, energy, and financial institutions M&A. The culture is collaborative and supportive, with emphasis on long-term career development. Performance is evaluated through mid-summer and final reviews, with return offers based on technical proficiency, teamwork, and cultural fit. Exit opportunities include Canadian corporate development and resource-focused private equity.

Intern Perks

  • Natural resources and FIG exposure
  • Canadian market training
  • Work-life balance culture

Frequently Asked Questions

How much do TD summer analysts make?

TD Securities summer analysts earn $1,800 per week, which annualizes to approximately $94,000. The program typically runs for 10 weeks.

What is the TD intern conversion rate?

The conversion rate for TD Securities summer analysts to full-time offers is approximately ~65-70%. Final week of program.

When should I apply to TD Securities?

Applications for the TD Securities Investment Banking Summer Analyst typically open August-October (year before). First round interviews are held October-December, with Superdays November-February.

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