Howden Capital Markets & Advisory Investment Banking Summer Analyst

Join Howden Capital Markets & Advisory (HCMA) - a leading risk, capital and strategic advisor to the global insurance and reinsurance industries. Founded in 2015, HCMA is one of the premier insurance-focused investment banking groups in the industry with teams based in New York and London. Our team covers a broad range of insurance carrier and insurance services companies and offers expertise in M&A, capital raising, general strategic advice and Insurance-Linked Securities.

While HCMA operates as its own entity, we sit within the Howden Re pillar which is the global reinsurance broker, and risk, capital and strategic advisor of Howden. Howden Re deliver specialised reinsurance brokerage services and analytical advice for our clients in 20 different countries worldwide.

At HCMA, you will be part of an entrepreneurial and collaborative workplace culture where your hard work and ideas will directly impact our mission to be the global partner of choice.

What is the role?

As an Investment Banking Analyst, you will have the opportunity to contribute to some of the largest insurance investment banking deals. You will play an integral role in our team, working directly with junior and senior bankers and gain hands on experience in:

1. Merges and Acquisitions (M&A)

2. Public and Private Capital Offerings

3. Insurance-Linked Security (ILS) offerings

4. Financial Advisory

Our Summer Internship Programme offers a direct pathway into our Graduate Roles. Based on your performance and business needs, you may receive a full-time graduate offer to start in Autumn 2027, known as a deferred offer.

Please note that deferred offers are not guaranteed.

What you’ll do

• Interns develop their skills through broad and frequent exposure to both junior and senior bankers. You will gain knowledge and skills to build a great career foundation in financial services.

• Contribute to researching and identifying potential investment or financing opportunities, known as origination, across various deal types, including M&A, equity, debts and ILS deals.

• Play an involved role in keeping internal materials up to date such as company and investor profiles.

• Build detailed financial models to evaluate performance under various operating scenarios and to analyse the impacts of different capital structures and potential M&A transactions.

• Assist in preparation of company valuations involving using various methodologies including discounted cash flow, leveraged buyout, trading comparables and trans-action comparables.

• Prepare presentation materials for use in client meetings; covering topics such as strategic alternatives, capital markets activity and general corporate finance.

• Assist in preparation of company marketing documents and client presentations in addition to performing research and various analyses in support of new business generation.

What are we looking for?

• Penultimate year students who are studying towards a numerical-based degree subject.

• Genuine interest and passion to start your career in investment banking.

• Excellent verbal and written communication.

• Great mathematical and data analysis skills.

• Great collaborators who thrive on working within a team environment.

• Great attention to detail and a high level of accuracy in their work.

• Resilient individuals who can work at a fast pace and are deadline driven.

• Prior investment banking experience is not required.

• Candidates must have the right to work in the UK by the start of your employment.

Application process

• Online application form – no CV required. We believe you're more than just a document, so we won’t ask you to submit one. Please upload a blank document on the application form.

• Online gamified test

• Pre-recorded video interview

• Final round assessment centre at our offices due to take place in December 2025

At Howden, we are committed to developing and maintaining a culture of equality and diversity in the workplace and welcome applications from all backgrounds.

Salary: £75,000 pro-rata for 12 weeks

Duration: 12 weeks