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JefferiesMilan

2027 Investment Banking Off-Cycle Internship – Milan (Q1) February Start

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Programme

Internship

Location

Milan

Duration

3 months

About the role

This three-month off-cycle internship joins Jefferies’ Italian Investment Banking team in Milan from February 2027. Interns support M&A and capital-markets transactions by analysing companies and industries, building valuation models, preparing marketing materials and data rooms, and assisting senior bankers alongside global sector and product specialists.

Responsibilities

  • Examine the strategic and financial merits of proposed transactions for marketing purposes.
  • Construct economic models and perform valuation, discounted cash flow, and multiples-based analyses.
  • Assist senior bankers with information memoranda, data rooms, and team process coordination.
  • Conduct industry and product research and analyse detailed corporate and financial information.
  • Share ideas and actively support firm-wide efforts to improve the firm.
  • Work collaboratively with Italian and global sector and product specialists on transactions.

Candidate Profile

  • Demonstrate outstanding academic credentials and a proven record of university or extracurricular achievements.
  • Bring prior M&A or capital-markets transaction experience as an intern or junior analyst.
  • Apply strong numerical, financial modelling, Excel, and PowerPoint skills.
  • Understand business and corporate finance principles.
  • Communicate effectively, collaborate well, and work autonomously as a self-starter.
  • Demonstrate organisation, time management, professionalism, integrity, ownership, and rigorous attention to detail.

Internship Details

  • The three-month internship is based in Jefferies’ Milan office within the Investment Banking division.
  • The internship starts in February 2027 as part of the Q1 off-cycle programme.
  • Interns work with the Italian Investment Banking team on high-stakes deal situations.
  • The role provides exposure to sector and product specialists from around the globe.