Global Capital Markets 2027, Off-Cycle Analyst (Debt Capital Markets)

About Us

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.

The Team

Global Capital Markets (GCM) comprises Debt Capital Markets (DCM), Equity Capital Markets (ECM), Leveraged Finance (LevFin), and Sustainable Solutions Group (SSG). We assist clients in accessing and navigating financial markets and provide tailored capital markets solutions.

This London-based internship will be within DCM, which products include bonds, loans, capital products, liability management and FX and rates solutions.

Programme Overview

Our Off-Cycle Analyst programme offers an experience of working as a full-time Capital Markets analyst. Analysts in DCM are involved in originating and executing a wide variety of debt solutions for clients. The DCM team advises corporates, financial institutions, and sovereign, supranational and sovereign (SSA) issuers in both developed and emerging markets across EMEA. We focus on advisory, structuring and execution solutions for clients seeking to raise new debt financing. You will work with GCM partners and Corporate and Investment bankers to support clients by advising on optimal methods to access financing.

Training and Development

Extensive formal training is offered at the start of the programme, in addition to on-the-job support, educational speaker events and mentorship throughout.

Responsibilities

• Assist DCM professionals with deal origination and execution across a diverse range of product areas.
• Work as a product specialist directly with clients to create and deliver financing solutions through DCM (bonds, loans, FX and rates) products.
• Develop a strong understanding of market fundamentals and make market-informed contributions on a broad array of financing strategies.
• Design tailored presentations for clients to outline solutions to their financing needs.
• Work on live transactions and interact with clients and professionals from across the bank.
• Work closely with Investment Banking and Corporate Banking teams on client coverage and origination.
• Liaise with sales teams and traders in Global Markets to coordinate and manage live deal executions.
• Liaise with Global Research to stay informed on the latest market developments.

Eligibility

• Pursuing or have received a Bachelor’s or Master’s degree from an accredited college or university.
• For graduated candidates, graduation date must be after January 2026.
• For candidates still pursuing a degree, completion timeframe must be before July 2027.
• On track for a minimum 2:1 degree classification or equivalent.
• Available to join the programme from Monday 11th January 2027 for a period of four months with an option to extend by 2 months.

What we are looking for:

• Fluency in English is essential; proficiency in any European language would be highly desirable.
• Applications accepted from diverse degree disciplines.
• Competent user of Microsoft Office (Word/Excel/PowerPoint/Outlook).
• Demonstrate drive, innovation and a genuine interest in the financial markets.
• Teamwork, leadership, problem-solving skills, creativity, ability to work in a fast-paced environment, multi-task and interact with a variety of people.
• Analytical and problem-solving skills.
• Influences decisions and outcomes through effective communication and interpersonal skills.
• Demonstrates integrity and ethics.

Our recruitment process

Analyst internship and full-time recruiting takes place on a rolling basis. Assessments often begin before the deadline, so it is best to submit your application early.

We offer a competitive Salary and Benefits package.