431680BRJob Title:2025 Summer Analyst Program - Debt Capital MarketsCompany Overview:Our ValuesAt TD, we're guided by our purpose to enrich the lives of our customers, communities and colleagues, and share a set of values that shape our culture and behaviors. In exchange for how our colleagues show up to help TD succeed, we are committed to delivering a colleague experience grounded in Impact, Growth and a Culture of Care. No matter where you work across TD, we empower you to make an impact at work and in your community, explore and grow your career, and be part of our caring and inclusive culture.Making Your Well-being a PriorityA caring and supportive culture that promotes colleague well-being is core to who we are. At TD, we focus on total well-being with extensive programs to help colleagues assess, manage, and improve their well-being across four core pillars — physical, financial, social and mental/emotional. In addition, we champion a safe and inclusive work environment, so colleagues feel a sense of belonging and feel supported in their personal and professional growth. Through our focus on well-being, we know that we can help our colleagues thrive, contribute to our culture of care, and support better business outcomes, because when colleagues feel their best, they're more likely to do their best.Our Total Rewards PackageOur Total Rewards package reflects the investments we make in our colleagues to help them and their families achieve their financial, physical and mental well-being goals. Total Rewards at TD includes base salary and variable compensation/incentive awards (e.g., eligibility for cash and/or equity incentive awards, generally through participation in an incentive plan) and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off (including Vacation PTO, Flex PTO, and Holiday PTO), banking benefits and discounts, career development, and reward and recognition.How We WorkAt TD, we believe in-person connections fuel collaboration and collective creativity. Our workplace experience empowers colleagues to do great work side-by-side at TD locations, while offering flexibility to work remotely where it makes sense for the work and team. Our teams work in one of three workplace models: hybrid, onsite and primarily remote. Wherever our colleagues are working, they’ll always have access to the TD community to experience our culture of care.Who We AreTD Securities offers a wide range of capital markets products and services to corporate, government, and institutional clients who choose us for our innovation, execution, and experience. With more than 6,500 professionals operating out of 40 cities across the globe, we help clients meet their needs today and prepare for tomorrow. Our services include underwriting and distributing new issues, providing trusted advice and industry-leading insight, extending access to global markets, and delivering integrated transaction banking solutions. In 2023, we acquired Cowen Inc., offering our clients access to a premier U.S. equities business and highly-diverse equity research franchise, while growing our strong, diversified investment bank. We are growth-oriented, people-focused, and community-minded. As a team, we work to deliver value for our clients every day.Auto req ID:431680BRDepartment Overview:TD Securities is recruiting undergraduate sophomores to join our 2025 Summer Analyst Program within the Debt Capital Markets group at our New York, NY office.This 10-week program will provide exposure to summer analysts who can expect a fast-paced, demanding work environment that offers the chance to learn and grow professionally through on-the-job training working with dynamic deal teams.The program takes place from early June to mid-August 2025. The summer program is the main pipeline to our full-time class for the following year. The expected annual base salary is $110,000, pro-rated for the length of the summer internship. Salary offers are based on a wide range of factors including relevant skills, training, experience, education as well as market factors.Country:United StatesJob Requirements:
Pursuing a bachelor’s degree with an anticipated graduation date between December 2025 and June 2026.
You must be work authorized in the United States without the need for employer sponsorship.
Hours:40Job Details:The Debt Capital Markets (DCM) group consists of TD Securities' global debt advisory, underwriting, derivative solutions, syndication, private placement, securitization, and liability management businesses. DCM advises clients across the corporate, financial institutions (FIG), and sovereigns, supranationals, and agencies (SSA) sectors on optimizing their capital structures by raising funds in the global debt capital markets, acquisition financing, managing existing liabilities, and hedging interest rate and currency risk. DCM works alongside TD's corporate banking, investment banking, and sales & trading teams to deliver best in class advice for our clients. DCM functions as a hybrid between investment banking and sales and trading, providing the opportunity to develop the technical and presentation skills required for investment banking while working in a position that is closely connected to the global markets.WHAT TO EXPECTTraining & Orientation:The internship will begin with a one week of formal training in New York City for all summer analysts that includes orientation and interactive technical training. This training is designed to teach you the building blocks of financial institutions, Excel, and PowerPoint, which will prepare you for the next nine weeks of the internship.Mentorship and Networking:Summer Analysts will have the opportunity to engage with bankers at all levels across all teams, designed to familiarize participants with the workings of Debt Capital Markets. Mentorship is foundational to the DCM internship, and each Summer Analyst will be paired with both a Junior and Senior Mentor who will act as resources throughout the summer. Summer Analysts will also be able to participate in social networking events with one-another as well as colleagues across all divisions on an on-going basis to experience our culture and assimilate into our Firm.Key roles and responsibilities of a DCM Summer Analyst include:
Creating pitch books, market updates, global pricings, and other client materials
Assisting in live deals including origination, structuring and syndication of bond offerings, liability management exercises, and derivatives transactions
Monitoring the global markets (USD, CAD, AUD, EUR, GBP, etc.) to identify trends and develop insights used in client communications
Developing relationships with DCM professionals and more broadly across TD Securities
Each Summer Analyst is paired with a junior and senior mentor within the DCM group to guide you through the summer
Inclusiveness:Our Commitment to Diversity, Equity, and InclusionAt TD, we’re committed to fostering an environment where all colleagues are encouraged to bring their authentic selves to work, experience equitable opportunities, and feel respected and supported. We’re dedicated to building an inclusive workforce that reflects the diversity of the customers and the communities in which we live and serve.EOE/Minorities/Females/Veterans/Individuals with Disabilities/Sexual Orientation/Gender Identity.AccommodationIf you are a candidate with a disability and need accommodations to complete the application process, email the TD Bank US Workplace Accommodations Program at USWAPTDO@td.com. Include your full name, best way to reach you, and the accommodation needed to assist you with the application process.How We're Helping Make an Impact in CommunitiesTD has a long-standing commitment to help drive progress towards a more inclusive and sustainable future. That’s why we launched the TD Ready Commitment in 2018, now a multi-year North American initiative. Under the TD Ready Commitment, we are targeting a total of $1 billion by 2030 in community giving across four key, interconnected drivers of change: Financial Security, Vibrant Planet, Connected Communities, and Better Health. It’s our goal to help support change, nurture progress, and contribute to making the world a better, more inclusive place for our customers, colleagues, and communities.We look forward to hearing from you!State:New YorkCity:New YorkQualifications:WHO WE ARE LOOKING FORBeing successful in Debt Capital Markets requires a unique skillset, as you will provide clients with expertise in debt and related products, macroeconomic and broader market views, and specialized industry coverage. The typical day of a DCM Summer Analyst is dynamic and fast-paced, and the most successful candidates will be able to efficiently process information in a constantly changing market environment. We are looking for highly ambitious and hardworking students with the following attributes who will develop into future leaders for our business.
Strong interest in financial markets and economics
Self-motivated to take initiative on projects and assignments
Technically focused, with strong problem-solving, analytical and computational skills
Experience with advanced functionality of Microsoft Excel and PowerPoint
Excellent communication, presentation and writing skills, with the ability to distill complex concepts into easily understood client communications.
Driven by collective success, working alongside other team members to achieve shared goals
Graduation date between December 2025 to June 2026 (undergraduate degree)
APPLICATION TIMELINE
Deadline to apply: Wednesday, February 28 at 11:59pm ET.
Interviews will take place on a rolling basis from March through May 2024. Candidates will participate in virtual preliminary interviews; if selected to move forward, candidates will be invited to our New York, NY office for final round Superday interviews.
Work Location:1 Vanderbilt Avenue TDSType of Role:Internship/Co-Op and Summer OpportunitiesStart Date:SummerBusiness Line:TD SecuritiesJob Category - Primary:Campus ProgramJob Category(s):Campus ProgramState (Primary):New YorkCity (Primary):New YorkTime Type:Full TimeEmployment Type:Intern / StudentPay Range:$24.00 - $38.75 hourlyFederal law prohibits job discrimination based on race, color, sex, sexual orientation, gender identity, national origin, religion, age, equal pay, disability and genetic information.
