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San Francisco, CA

2026 Capital Markets, Global Investment Banking Summer Associate - San Francisco

Internship
Finance
Finance
Posted:
December 28, 2025

Royal Bank of Canada (RBC)

Canadian financial services provider
79.8
Palpable Score
Apply >view company >

What is the opportunity?

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RBC Capital Markets is a premier investment bank that provides a focused set of products and services to corporations, institutional investors and governments around the world. With more than 7,100 professionals, we operate out of 70 offices in 15 countries across North America, the U.K., Europe, and the Asia-Pacific region.

We work with clients in over 100 countries around the world to deliver the expertise and execution required to raise capital, access markets, mitigate risk and acquire or dispose of assets. We are consistently ranked among the largest global investment banks according to Bloomberg and Dealogic.

RBC Capital Markets is part of a leading provider of financial services, Royal Bank of Canada (RBC). Operating since 1869, RBC is one of the top 15 largest banks in the world and the fifth largest in North America, as measured by market capitalization. With a strong capital base and consistent financial performance, RBC is among a small group of highly rated global banks.

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RBCCM U.S. Summer Associate Program

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Each year, we invite rising second-year MBA students to join our Global Investment Banking (GIB) platform for a 10-week U.S. Summer Associate Program. The program provides an opportunity for you to experience the culture and atmosphere of RBC Capital Markets and experience the role of a full-time Associate.

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What will you do?

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GIB provides a complete suite of strategic advisory services, as well as equity and debt capital raising capabilities for leading corporations, institutions and governments. RBC Capital Marketsโ€™ investment banking platform focuses on nine core industries and seven product groups. Our San Francisco office recruits for the following industry and product groups:

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Industry Group:

Product Group:

Similar to full-time GIB Associates, summer associates will spend their time:

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What do you need to succeed?

In selecting summer associates, we look for the following:

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About the company

Royal Bank of Canada (RBC)

Company overview
Royal Bank of Canada (RBC) is a diversified financial services group serving retail and business customers, institutional clients, and investors. The company operates across five main segments including personal banking, commercial banking, wealth management, insurance, and capital markets. RBC reports serving around 17 million clients across Canada, the United States, and additional international markets.

Locations and presence

RBCโ€™s corporate headquarters is in Toronto, and the company operates in Canada, the U.S., and 27 other countries through branches and subsidiaries. Many roles are now expected to be primarily in-person or hybrid, with a four-days-a-week office requirement communicated for broad employee groups starting September 2025 (with exceptions for fully remote or already office-based roles).

Palpable Score

79.8
/ 100
Royal Bank of Canada (RBC) is one of the clearest โ€œearly-career pipelineโ€ employers in banking, with multiple entry points across internships, rotational programs, and specialist analyst tracks. The main limits are uneven transparency across geographies and teams, plus some publicly visible stability and flexibility friction that can affect early-career confidence.
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