First Step to Final Offer 12/17/24

CAREER OPPORTUNITIES

Class of 2027 Opportunities

Opportunities released in the last two weeks:

• (NEW) William Blair Investment Banking Summer Analyst, Summer 2026 Program Link

• (NEW) William Blair Investment Banking Summer Analyst, Private Capital Markets, Summer 2026 Program Link

• (NEW) Lazard 2026 Financial Advisory Summer Analyst Program - Chicago Restructuring & Liability Management Link

• (NEW) TD Securities 2026 Summer Analyst Program (Investment Banking, Global Energy – Houston) Link

• (NEW) MUFG 2026 Intrepid Investment Banking Summer Analyst Program | New York, NY Link

• (NEW) MUFG 2026 Intrepid Investment Banking Summer Analyst Program | Los Angeles, CA Link

• (NEW) Atlas SP Summer 2026 ASPire Internship Link

• Barclays International Corporate Banking Analyst Discovery Program 2025 New York Link

• Barclays Banking Analyst Discovery Program 2025 Houston Link

• Barclays Banking Analyst (Capital Markets) Discovery Program 2025 New York City Link

• Barclays Credit Research Analyst Discovery Program 2025 New York Link

• Barclays Sales, Trading and Structuring Analyst Discovery Program 2025 New York Link

• Barclays 2025 Empowering Leadership Fellowship Link

• Barclays Global Transaction Banking Analyst Discovery Program 2025 New York Link

• Barclays Banking Analyst Discovery Program 2025 Atlanta Link

• Barclays Banking Analyst Discovery Program 2025 Los Angeles Link

• Barclays Equity Research Analyst Discovery Program 2025 New York Link

• Barclays Banking Analyst Discovery Program 2025 San Francisco Link

• Barclays Banking Analyst Discovery Program 2025 Chicago Link

• Barclays Banking Analyst (Coverage /M&A) Discovery Program 2025 New York City Link

• Barclays Public Finance Analyst Discovery Program 2025 New York Link

• Deutsche Bank Internship Program - Investment Bank: Origination and Advisory Capital Markets - New York 2026 Link

• Deutsche Bank Internship Program - Investment Bank: Origination and Advisory - New York 2026 Link

• Deutsche Bank Internship Program - Investment Bank: Origination and Advisory - San Francisco 2026 Link

• Perella Weinberg Partners 2026 Investment Banking Summer Analyst: Houston Energy Link

• Perella Weinberg Partners 2026 Advisory Summer Analyst (US) Link

• Stout 2026 Investment Banking Summer Analyst (Chicago) Link

• Deloitte Deloitte Corporate Finance - Investment Banking 2026 Summer Analyst Link

• JPMorgan Chase & Co. 2025 Advancing Hispanics & Latinos Fellowship Program - Corporate Analyst Development Program Track Link

• Ardea Partners (RecruitU Partner) 2026 Investment Banking Summer Analyst Program Link

  To see all 2027 opportunities, click here: Class of 2027 Application Tracker

Class of 2026 Opportunities

• Scotiabank 2025 Investment Banking Summer Analyst, Power & Utilities/Clean Tech Energy - Houston Link

• Societe Generale Americas Sales, Trading, & Investor Access Rotational Intern Program Link

• UBS 2025 Summer Internship - Global Banking - San Francisco Link

• Leerink Partners 2025 Investment Banking Summer Analyst, Biopharma M&A Link

• Truist 2025 Credit Delivery - Real Estate Corporate & Investment Banking - Summer Analyst Program (Internship) Link

• Deloitte Deloitte Corporate Finance - Investment Banking 2025 Summer Analyst Link

• Houlihan Lokey Summer 2025 Financial Analyst (Class of 2026) - Corporate Valuation Advisory Services - Atlanta Link

• Lazard 2025 Financial Advisory Summer Analyst Program - New York Capital Solutions & Financial Sponsors Link 

• BDO Capital Advisors Advisory Intern, BDO Capital Advisors - Fall 2024 (Richmond) Link 

• Lazard, Inc. 2025 Summer Analyst - San Francisco Healthcare Link 

TECHNICAL QUESTION OF THE WEEK:

MARKET NEWS

SoftBank to Invest $100 Billion in U.S. Projects

SoftBank Group, led by CEO Masayoshi Son, has announced plans to invest at least $100 billion in U.S. projects over the next four years, focusing on artificial intelligence and emerging technologies. This initiative aims to create approximately 100,000 jobs, with the investment expected to be completed before President-elect Donald Trump's term ends in 2029. The announcement was made jointly by Son and Trump at Mar-a-Lago, highlighting a significant commitment to bolstering the U.S. tech industry.

Source: The Wall Street Journal

Hedge Funds Increase Bullish Bets on Gasoline Amid Supply Concerns

Hedge funds are becoming more optimistic about gasoline prices, increasing their bullish positions as they anticipate tighter supplies in the coming months. This shift in sentiment reflects concerns over potential supply constraints, which could drive prices higher. The increased bullishness indicates that investors are positioning themselves to benefit from expected price increases due to these supply issues.

Source: Bloomberg

Wall Street Anticipates Rate Cuts to Encourage Clients to Move Away from Cash

Wall Street executives are optimistic that anticipated Federal Reserve rate cuts will prompt clients to move away from cash holdings, which have remained resilient despite declining interest rates in 2024. Despite the Fed's rate cuts this year, cash in money markets surged by $824 billion. Investors earning around 4% on cash, much higher than near-zero returns from a few years ago, face the opportunity cost of missing potential gains in the S&P 500 and other indices. Futures tied to the Fed funds rate suggest substantial rate cuts by December 2025, with some believing this will prompt a shift from cash to stocks or longer-duration bonds. While inflation progress has stagnated, keeping interest rates relatively high, many see potential in higher-earning investments over cash holdings.

Source: Reuters

M&A DEAL OVERVIEW

Macquarie Bids $3.5 Billion for Axiata's Telecom Infrastructure Unit

Macquarie Group has submitted a bid to acquire Axiata Group's telecom infrastructure unit, edotco, for approximately $3.5 billion. This move aligns with Macquarie's strategy to expand its infrastructure investments in Asia. edotco operates over 55,000 telecom towers across Southeast Asia and South Asia, including countries like Malaysia, Bangladesh, and Cambodia. The bid is currently under evaluation, and Axiata is considering its options regarding the potential sale.

Source: Bloomberg

Blackstone and Bain Capital Bid for Mitsubishi Tanabe Pharma

Blackstone and Bain Capital are among the final bidders for Mitsubishi Tanabe Pharma, a unit of Mitsubishi Chemical Group, in a deal valued between $3 billion and $3.5 billion. The sale process, managed by Goldman Sachs, has binding bids due by December 24. Mitsubishi Tanabe Pharma specializes in treatments for the central nervous system, immuno-inflammation, and oncology, with operations across multiple international locations. In the first half of the fiscal year ending March 2025, the pharma segment reported a 6% increase in sales revenue and a 28% rise in core operating income.

Source: Reuters

ADDITIONAL RESOURCES

• Finance and Consulting Application Tracker

LAST WEEK TECHNICAL QUESTION OF THE WEEK ANSWER: