2026 Campus Recruiting - Investment Banking Analyst - Healthcare (Finance)
At Piper Sandler, we connect capital with opportunity to build a better future.
We believe that diverse teams with unique backgrounds, skills and experiences yield more innovative solutions. This is reflected in our commitment to engage, hire, and retain bright, committed people to work in partnership within an inclusive environment that allows each person to achieve personal success and add value to our teams and communities.
Piper Sandler is currently seeking a Class of 2026 Investment Banking Analyst for our Healthcare Life Sciences team in our San Francisco office. Candidates who will be graduating in May/June 2026 are encouraged to apply.
As a leading investment bank, we enable growth and success for our clients through deep sector expertise, candid advice and a differentiated, highly productive culture. Our investment banking clients have access to unparalleled guidance through our deep product and sector expertise and ready access to global capital. We take pride in providing our clients with thoughtful advice and diligent execution, no matter the economic environment. Our investment banking group partners with corporate clients and financial sponsors to provide advisory and financing services related to mergers and acquisitions, equity and debt capital markets, private placements, restructuring and corporate & venture services. We offer in-depth knowledge and industry relationships in our core sectors of chemicals, consumer, services & industrials, energy & power, financial services, healthcare and technology. Learn more about our investment banking team here .
The Analyst Program
The investment banking analyst program is a rigorous program for exceptionally qualified individuals. Our analysts work closely with senior bankers to make a real impact on our clients' businesses through involvement in all facets of investment banking activities including equity and debt offerings, valuations, mergers and acquisitions, leveraged buyouts and strategic advisory work. On a day-to-day basis our analysts:
- Create financial models
- Conduct financial valuations
- Create and maintain industry-specific business development books
- Conduct industry- and company-specific research
- Interact with clients and senior bankers
Our environment is collaborative, demanding, fast-paced and entrepreneurial. Our clients are extraordinarily dynamic and our people have what it takes to excel. Top analysts are invited to stay on for a third year. Direct promotion to the Associate level is available for strong performers without an MBA.
Analyst Training & Development
Our analyst program begins in June 2026 with training at our headquarters in Minneapolis. New analysts attend from offices around the U.S. Training is designed to give analysts a broad understanding of our firm and its capabilities, as well as a strong technical foundation. Technical topics covered include accounting, valuation, financial modeling and general computer skills. Trainees also attend overview sessions on the following:
- Initial Public Offering (IPO) process
- Merger & Acquisition process
- Private Capital process
- Alternative Investments
- Corporate & Venture Services
- Debt Capital Markets
- High-Yield & Structured Products
- Financial Sponsors
- Convertibles
- Equities
- Restructuring
Social and team-building activities take place throughout training to help new employees begin their careers with strong relationships among their peers.
What We Look For
Piper Sandler seeks dedicated and motivated individuals possessing demonstrated academic achievement as well as leadership, organizational and teamwork skills. The ability to create innovative solutions, articulate complex ideas and adapt to a rapidly changing environment is essential. Analysts must be able to work well under pressure and manage multiple projects. The most successful analysts have a demonstrated track record of success. Familiarity with finance, accounting, and financial modeling is strongly encouraged.
Piper Sandler values a strong culture dedicated to the emotional and physical well-being of our employees. Learn more about our commitment to our employee's health and well-being. Learn more about our benefits program and how we are here for our employees and their families today, tomorrow and beyond.
The anticipated starting salary for individuals expressing interest in this position is $110,000 per year. This position is eligible for annual incentive compensation which will be a part of the total compensation. Total compensation for this position will be competitive with the market.
All qualified applicants will receive consideration for employment without regard to race, color, creed, religion, sex, sexual orientation, gender identity, national origin, disability, age marital status, status as a protected veteran or status with regard to public assistance.
