Seasonal Internship Programme – Investment Banking & Capital Markets – London – September 2026 (6 months full-time internship)

The seasonal internship is a 6 month full-time programme (September 2026 – March 2027) for students who are looking for a long-term internship as part of, or to complete their degree.

About the programme: The Deutsche Bank Internship Programme is designed to help you develop your skills through formal training and continuous support. You'll quickly gain the confidence to take on real projects by learning first-hand how and what we deliver for clients worldwide. You'll feel supported by colleagues from across our business and start to develop your professional network.

About the division: Our Investment Banking & Capital Markets business provides the full range of advisory and financing products and services of a leading global investment bank. Our clients include large-cap and mid-cap corporates, financial institutions, governments, government agencies and financial sponsors. We recognize that selecting the right investment banking partner can be the key to a company's success. Our relationships are enhanced by industry sector, country and regional expertise, closely aligned to high-quality client solutions. We offer both buyside and sellside advisory services for mergers and acquisitions, restructuring advisory, debt and equity capital raising services (including our dedicated Environmental Social Governance (ESG) solutions) and structured equity transactions. We advise on innovative cross-border and regional transactions in the US, Europe and Asia Pacific.

About the role: Our interns are given the opportunity to learn about our business from different viewpoints, giving you a career advantage. Working on our day-to-day business as well as on special projects, you will contribute to the innovation of new ideas to help our customers achieve their financial goals. You will gain experience in different areas of our business and discover our market-leading solutions firsthand. Your day-to-day tasks may vary depending on your business area, but intern responsibilities may include:

• Performing in-depth company and industry research and analysis
• Supporting the execution of client advisory and financial transactions, managing multiple projects
• Preparing marketing materials and transaction documentation, including but not limited to confidential memoranda, board papers, pitch books, corporate profiles, and analysis
• Conducting detailed financial modelling, valuation and forecasting of financial statements
• Broking activities—supporting public clients through market analysis, investor materials, and engagement, to build a strong understanding of how mid- and large-cap companies enhance valuations, access capital, and pursue strategic opportunities.
• Working with the Equity Sales and Research teams, to service public clients to track and win IPO opportunities.
• Understanding of the Bank's product suite

Areas in which you could work:

• Sector Coverage: Consumer, Financial Institutions Group (FIG), Healthcare, Industrials, Infrastructure and Utilities, Real Estate/Gaming/Lodging, Leisure (REGLL), Technology, Media and Telecom (TMT)
• Product Groups: Leveraged Finance, Mergers & Acquisitions
• Country Coverage: Nordic, UK

What we look for: We recruit students and graduates who have:

• a strong foundational knowledge and interest in Corporate Finance and Accounting
• confident, constructive and effective communication skills
• an ability to manage multiple projects with rigid timelines
• an ability to solve problems, organize tasks and manage multiple projects with rigid timelines
• an interest and ability to work collaboratively across the Deutsche Bank platform and global teams in support of our clients

A formal mathematical or financial background isn't required. Our comprehensive training programmes will provide you technical skills you'll need to build a career with us.

To be eligible for the 2026 Seasonal Internship Programme you must:

• Be currently enrolled in and complete your studies (all final exams, coursework and have no outstanding requirements for graduation) between 1st August 2026 and 31st July 2027.
• Be returning to study after internship completion, in March 2027, or using the 6 month internship as part of the studies completion.
• Be on track for a 2:1 or First (or equivalent) in your undergraduate degree. If you are currently studying a masters degree then you must be on track for a pass.
• Possess no more than 12 months full-time, relevant work experience (excluding internships)
• Be available for internship dates between September 2026 – March 2027
• If successful on the seasonal internship programme, be able to start full time work in July 2027, subject to local working legislation and visa requirements.

For some placements within Investment Banking and Capital Markets, in addition to English, fluency in a European language is desirable.

Benefits and wellbeing: Feeling healthy, engaged and well-supported, enables us to do our best work and get the most out of life outside of the office. That's why Deutsche Bank is committed to providing benefits and programmes centred around wellbeing.

About us and our teams: Our values define the working environment we strive to create – where our people have a sense of belonging and everyone feels welcomed, respected and can contribute and grow. We know that high-performing teams have different skills, backgrounds, and experiences. We collaborate, encourage and enable open dialogue and diversity of views. We build talented and diverse teams to drive business results and encourage our people to develop to their full potential.

How to apply: Whether you're fresh out of school or already have some experience, you'll find a wealth of helpful tools and information on our Employability Hub that will support you with your application, prepare for the assessment processes and adapt to a new working environment.

The application deadline for this role is 8th March 2026 at 11:59PM GMT. Please note we hire on a rolling basis, and we may close the role prior to the deadline if we receive a significant number of applications. If the role is due to close early, the deadline will be updated 48 hours in advance. Please apply early to ensure your application is considered.