TD Securities Summer Analyst Internship
Everything you need to know about the TD Securities 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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$1,800/week
10 weeks
~65-70%
Overview
TD Securities runs a 10-week Investment Banking Summer Analyst program that pays about $1,800 per week and converts roughly 65-70% of interns to full-time offers.
Key facts
- The Investment Banking Summer Analyst program runs 10 weeks from June to August.
- Interns earn approximately $1,800 per week, around $94,000 annualized, plus a $2,800 housing stipend.
- TD Securities converts roughly 65-70% of summer interns to full-time offers.
- The program brings in approximately 25-40 interns across its Toronto and New York offices.
- Return offer decisions are delivered in the final week of the program.
Compensation
TD Securities pays summer analysts approximately $1,800 per week, which works out to around $94,000 annualized. Interns also receive a $2,800 housing stipend rather than provided housing, and relocation assistance is available for Canadian and US candidates.
Conversion & Return Offers
The program converts roughly 65-70% of interns to full-time offers. Return offer decisions are delivered in the final week. Structured midpoint and final evaluations give interns clear feedback on where they stand before the decision.
The Experience
The program brings in approximately 25-40 interns across Toronto and New York, opening with an initial training period before desk placement. Interns contribute to pitch books, credit analyses, and capital markets transactions alongside full-time analysts, with deal exposure varying by desk. TD's fixed income strength means interns placed on rates or credit desks gain specialized experience that is less available at pure advisory firms. Development includes weekly speaker series, networking events with senior leaders, and cross-divisional exposure sessions.
Recruiting & Timing
Recruiting follows the standard Canadian and US timelines, with applications typically opening in late summer. TD recruits from a mix of Canadian targets and select US schools, and the process includes online assessments, phone screens, and a final Superday. Candidates with strong quantitative backgrounds, credit coursework, or fixed income interest have a particular advantage.
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
Applications Open
August-October (year before)
HireVue Deadline
October
First Round Interviews
October-December
Superdays
November-February
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 Securities 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 Securities 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.
More TD Securities Resources
Sources
- TD Securities - Careers. TD Securities (accessed 2026-05-14)
- Internship & Co-op Survey. National Association of Colleges and Employers (NACE) (accessed 2026-05-14)