What are the responsibilities and job description for the BMO Capital Markets Sophomore 2025 Elevate Internship Program - New York position at Bank of Montreal?
Application Deadline:
Address:
151 W 42nd StreetJob Family Group:
Capital Mrkts Sales & ServiceBMO Capital Markets is a leading, full-service North American-based financial services provider. We offer corporate and investment banking, treasury management, as well as research and advisory services to clients around the world. We have approximately 2,700 professionals in 33 locations around the world, including 20 offices in North America.
As a member of BMO Financial Group (NYSE, TSX: BMO), we’re part of one of the largest diversified financial services providers in North America with US$989 billion total assets and approximately 54,000 employees as of January 31, 2024. BMO Financial Group is the 8th largest bank in North America as measured by assets (Bloomberg, as of January 31, 2024). Learn more in our Annual Report.
Program Overview
Elevate is a 10-week internship program for students between their second and third year of undergraduate study interested in a career in Capital Markets. As a student in this internship program, you will gain exposure and valuable hands-on experience across Capital Markets by participating in 3 three-week rotations within Investment Banking, Corporate Banking and Global Markets. You will receive on-the-job experience in each line of business while also uncovering your areas of passion and interest. In addition, you will work directly with the program manager who will provide you with training, coaching and guidance related to your professional goals. Successful completion of the program expectations will result in an offer to return as a third-year BMO Capital Markets intern.
What’s in it for you?
One Week Training and Orientation – learn the foundations of Investment Banking, Global Markets and Corporate Banking
Rotations – 3-week rotations in Investment Banking, Corporate Banking and Global Markets to gain exposure and hands on experience within each line of business
Mentorship – mentors from Investment Banking, Corporate Banking and Global Markets who will meet with you weekly to provide coaching and guidance
Networking – we will provide you with opportunities to network with business representatives and senior leadership through various events and social gatherings with your cohort
Soft Skill Development – including communication skills, professionalism in the workplace, presentation skills, building a personal brand and more
What will you do in each rotation?
Investment Banking Rotation: You will gain valuable exposure to a wide number of industries and work with a variety of financial products including public and private debt and equity financings, mergers, and acquisitions, and financial advisory.
Responsibilities may include:
Running valuation analyses
Performing complex financial modeling
Conducting industry and company research and analysis
Developing client presentations
Writing internal and external marketing memoranda
Performing other tasks supporting client relationships and business development
Corporate Banking Rotation: You will gain valuable exposure to different portfolios and client sectors.
Responsibilities may include:
Processing client requests (e.g. new credit facilities and extensions and/or amendments to existing credit facilities)
Completing annual/interim credit reviews, which include industry and financial analysis comprising of operating performance, cash flow, leverage, coverage and liquidity, and capital-at-risk and other regulatory capital calculations
Monitoring performance of portfolio companies against credit terms and conditions and identify changes in the financial condition of a client
Preparing presentation materials and relationship profitability assessments, which involve liaising with other product and industry groups within BMO Capital Markets
Performing other duties including industry and company-specific research and ad hoc projects for senior management
Global Markets Rotation: Responsibilities will vary widely from day to day based on the needs of the business and the current market environment. Depending on the assigned desk and business needs, responsibilities may include:
Performing a variety of analytical and administrative projects and tasks
Developing presentation materials using PowerPoint and Excel
Market data capture and display, spreadsheet development
Recapping and organizing market data and events
Shadowing and learning from Trading, Sales, and Strategy professionals
Market research and programming
Application Requirements:
Please submit your resume as a single PDF file and submit under the Resume section of the online application
Please Note: successful candidates will be contacted directly to complete a video interview
Eligibility Criteria:
You are a second-year student at an accredited U.S. College/University, currently enrolled in an undergraduate program with a graduation date of December 2026 or Spring 2027
You are available to work full-time from June - August 2025
You have a minimum GPA of 3.0/4.0
You are a U.S. citizen, permanent resident of U.S., or an individual who is legally authorized to work in the U.S. and will not require sponsorship in the future
The annual base salary for this position is $80,000.00
Salary:
Pay Type:
SalariedThe above represents BMO Financial Group’s pay range and type.
Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure. Salaries for part-time roles will be pro-rated based on number of hours regularly worked. For commission roles, the salary listed above represents BMO Financial Group’s expected target for the first year in this position.
BMO Financial Group’s total compensation package will vary based on the pay type of the position and may include performance-based incentives, discretionary bonuses, as well as other perks and rewards. BMO also offers health insurance, tuition reimbursement, accident and life insurance, and retirement savings plans. To view more details of our benefits, please visit: https://jobs.bmo.com/global/en/Total-Rewards
About Us
At BMO we are driven by a shared Purpose: Boldly Grow the Good in business and life. It calls on us to create lasting, positive change for our customers, our communities and our people. By working together, innovating and pushing boundaries, we transform lives and businesses, and power economic growth around the world.
As a member of the BMO team you are valued, respected and heard, and you have more ways to grow and make an impact. We strive to help you make an impact from day one – for yourself and our customers. We’ll support you with the tools and resources you need to reach new milestones, as you help our customers reach theirs. From in-depth training and coaching, to manager support and network-building opportunities, we’ll help you gain valuable experience, and broaden your skillset.
To find out more visit us at http://jobs.bmo.com/us/en
BMO is proud to be an equal employment opportunity employer. We evaluate applicants without regard to race, religion, color, national origin, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, transgender status, sexual stereotypes, age, status as a protected veteran, status as an individual with a disability, or any other legally protected characteristics. We also consider applicants with criminal histories, consistent with applicable federal, state and local law.
BMO is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process, please send an e-mail to BMOCareers.Support@bmo.com and let us know the nature of your request and your contact information.
Note to Recruiters: BMO does not accept unsolicited resumes from any source other than directly from a candidate. Any unsolicited resumes sent to BMO, directly or indirectly, will be considered BMO property. BMO will not pay a fee for any placement resulting from the receipt of an unsolicited resume. A recruiting agency must first have a valid, written and fully executed agency agreement contract for service to submit resumes.
Salary : $80,000
