GBM - Investment Banking Internship/Co-op - Winter 2027

Requisition ID: 267466

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

Global Banking and Markets – Investment Banking Internship/Co-op – Winter 2027

Term: January – April 2027

Work Hours/ Week: 37.5

Location: Toronto, ON

Application Deadline: 07/31/26 at 11:59pm EST

There's no better way to kickstart your career than to do a co-op or internship with Scotiabank! During your work term, you’ll have the opportunity to be part of a winning team, build your network, and discover what you love – all while getting paid to do it! There’s a place for every type of student at Scotiabank and all that we ask for is that you have passion and strong AOO (Attitude, Ownership and Opportunity).

Who we are:

Global Banking & Markets provides a full range of investment banking, credit and risk management products and services relevant to the financing and strategic development needs of our clients. Our products include debt and equity financing, mergers & acquisitions, corporate banking, institutional equity sales, trading and research, fixed income products, derivatives, energy, foreign exchange and precious & metals. We also cross-sell the full range of wholesale products and services offered by the Scotiabank Group.

The Co-op Analyst Program:

The Co-op Analyst Program at Scotiabank is designed to introduce undergraduate students to the stimulating and challenging career of investment banking involving debt and equity financing, mergers and acquisitions, financial advisory work and business development in several industry sectors. Each Co-op Analyst will have the opportunity to rotate through up to two groups within investment banking.

Co-op Analysts will learn to perform complex financial analysis such as market comparisons, company valuations and pro forma financial modeling. In addition, Co-op Analysts prepare company and industry specific research to support financial valuations.

Putting forth a strong and consistent effort is critical to the success and development of an Analyst at Scotiabank. Co-op Analysts must have a strong work ethic, be accommodating and maintain extremely high professional standards. A Co-op Analyst is typically involved in a number of workstreams and projects at the same time and will work with several senior group members concurrently. Balancing the requirements of multiple assignments and/or projects can be very demanding. The challenging nature of the work, combined with long hours at the office, requires intense effort and dedication. Co-op Analysts must also be willing to work extended business hours, including weekends as required, in order to meet multiple work deadlines.

Co-op Analysts will have access to the Global Banking and Markets Learning Program, focusing on Capital Markets, Investment Banking, Corporate Banking, Equity Research, Financial Engineering, etc. In addition, Analysts will have an opportunity to meet and network with students working across Scotiabank and get involved in the Scotiabank Student Social Committee.

Is this role right for you? In this role, you will:

• Evaluate and analyze the financial needs of corporate clients, including the development of financial models, marketing materials and presentations
• Support client pitch and deal execution efforts
• Prepare financial and written analysis of companies and industries, including the development of valuation models, pro forma financial statements and comparable company analysis, etc.
• Perform in-depth company and industry research
• Source data required to perform financial analysis
• Draft prospectuses and marketing presentations for transactions
• Prepare client presentations
• Apply product and capital markets knowledge to help clients achieve their financial objectives

Do you have the skills and requirements that will enable you to succeed in this role? – We are very interested to meet and work with students that:

• This role is targeting students who are currently enrolled in post-secondary education in a Business, Science, Technology, Engineering, Economics or Math discipline with a target graduation year of 2028.
• Have a proven record of outstanding achievement in academic and extracurricular activities
• Effectively learns new skills with a high cadence of personal development
• Enjoy being involved in extracurricular activities such as student-run investment funds, conferences, clubs, and competitions/hackathons
• Are clearly interested in Investment Banking
• Envisions themselves working for an international global organization that heavily invests in their future.
• Possess strong quantitative skills focused on financial analysis, accounting and financial theory
• Can communicate effectively both in writing and verbally
• Have a high level of attention to detail
• Manage multiple projects simultaneously while maintaining a high standard of work
• Maintains high professional standards with a strong sense of personal integrity and teamwork
• Demonstrates an ability to quickly adapt to new situations
• Has a high level of energy and a keen desire to learn new concepts
• Is an independent thinker and have proven ability to make decisions

What's in it for you?

• You’ll be part of a high-performing, collaborative, diverse, and innovative team
• Gain direct Investment Banking experience by working with your assigned team / sector group on live mandates, pitches, presentations, marketing materials and research opportunities for Scotiabank clients
• Opportunity to rotate through up to two different groups within investment banking
• In-depth training to prepare you for the role, as well as ongoing coaching and feedback to help you succeed
• Exclusive student events such as Scotia Student Day, Lunch & Learns, leadership panels, and much more!
• Bank-wide orientation to learn more about Scotiabank and gain exposure to senior leadership across the organization
• Competitive compensation

How do I apply?

For students applying for this internship/ co-op opportunity, please submit an application and upload your resume, and your most recent transcript.

Location(s): Canada : Ontario : Toronto

Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.

At Scotiabank, we value the unique skills and experiences each individual brings to the Bank, and are committed to creating and maintaining an inclusive and accessible environment for everyone. If you require accommodation (including, but not limited to, an accessible interview site, alternate format documents, ASL Interpreter, or Assistive Technology) during the recruitment and selection process, please let our Recruitment team know. If you require technical assistance, please click here. Candidates must apply directly online to be considered for this role. We thank all applicants for their interest in a career at Scotiabank; however, only those candidates who are selected for an interview will be contacted.