J.P. Morgan — 2027 Commercial & Investment Bank - Global Investment Banking Working Student Program - Off-Cycle Internship – Madrid

Summer Internship · Investment Banking

J.P. Morgan reference 210780014

Status

Listed

Location

Madrid, Madrid, Spain

Level

Internship

Deadline

Not published

Status checked against the firm's careers feed — last synced 24 October 2026.

How this fits your target

Seat. Investment Banking
Region. Europe
Level. Internship
Timing. No closing date published; the firm decides when it closes.
Eligibility. Programmes of this type are usually aimed at penultimate year (graduating 2028).

Read from the listing and your target, nothing inferred beyond them. The employer's wording on the listing decides eligibility.

Key details

Applications open: 31 August 2026
Deadline: Not published by the firm; treat the role as rolling and apply early.

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Are you eligible?

Check your year group

Summer Internship programmes are normally aimed at students in their penultimate year, which for the 2027 cycle means graduating in 2028.

When do you expect to graduate?

A year group is a convention, not a rule. The wording on the employer's own listing decides it.

How to prepare for this one

Internship processes at this level test technical fundamentals, structured communication and firm-specific motivation.

Lev sits on a three-legged stool whose legs are marked technicals, structure and why this firm. The last leg is short, leaving a gap marked the gap, and the stool is tipping. — Three legs are tested. The strongest two do not hold up the stool on their own.

Practise it, don't just read it

Free, no sign-up, and short enough to finish before you submit.

Napkin LBO12 minThe buyout a partner sketches in a meeting. Price it, write sources against uses, run a quick debt build, exit, and read the return off the napkin, each line checked as you write it.Exit Waterfall Lab12 minThe same cheque written six ways: common, non-participating preferred, participating preferred with and without a cap, a SAFE still unconverted and a convertible note. Slide the exit value and watch who gets paid, in what order, and where each instrument converts.

Build the model this seat is tested on

A working Excel model with live formulas. Work with it online free: change the inputs and watch it recalculate. A free account also takes the starter workbook to build yourself.

Integrated three-statement model45 minThe operating model everything else sits on Discounted cash flow model40 minUnlevered free cash flow to a share price

Browse all 22 models

Walk in with something

Each of these produces a piece of work an interviewer at J.P. Morgan can ask you about. Free to run as a preview; Pro runs the full version on the stronger engine.

Company ProfileFreeCompany one-pager (profile page inputs)About 25 min of your time Meeting PrepFreeMeeting brief: company, people, agenda, questionsAbout 30 min of your time Comps Set BuilderFreeComps universe table + inclusion rationaleAbout 30 min of your time

Tracking history

First seen: 1 September 2026
On the tracker: Tracked for 8 weeks
Last checked: 24 October 2026

Dates describe when we observed the listing on J.P. Morgan's careers feed, not when the firm opened applications. Always confirm against the firm's own page before you rely on a date.

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Get told when the next Investment Banking programmes open

J.P. Morgan has published no closing date for this summer internship, and roles like it often close when they fill. Leave your email and we will tell you the day the next Investment Banking programmes open, including J.P. Morgan’s.

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Before you send it

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CV review, $25

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