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RBC — 2028 Global Markets Summer Associate, Equity Research

Summer Internship · Equity Research

RBC reference R-0000191769

Status

Open

Location

New York, New York, United States of America

Level

Internship

Deadline

31 December 2026

Status checked against the firm's careers feed — last synced 5 November 2026.

How this fits your target

  • Seat. Equity Research
  • Region. US
  • Level. Internship
  • Timing. Closes 31 Dec 2026.
  • Eligibility. Programmes of this type are usually aimed at penultimate year (graduating 2029).

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

Key details

  • Applications open: 4 November 2026
  • Application deadline: 31 December 2026 — Applications are commonly reviewed as they arrive and windows close early when a cohort fills, so the deadline is the last useful date rather than the intended one.
Apply on RBC's site

Get told when RBC’s next application window opens

One email the day a RBC programme opens on its careers site, with the preparation to start on. Free, for up to 10 firms.

Save this role, its deadline and the preparation checklist

Your pipeline keeps the date with the days left and the steps every application needs, ready to tick off. No account needed; a free account keeps it on every device.

Are you eligible?

Check your year group

Summer Internship programmes are normally aimed at students in their penultimate year, which for the 2028 cycle means graduating in 2029.

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.

Covenant Headroom10 minRead a compliance certificate like a credit analyst. Net leverage, interest cover and fixed charge cover against their levels, the test with the least room, its EBITDA cushion, and whether the borrower survives a fall in EBITDA.Reverse DCF10 minSlide the assumptions and read off the growth rate the market is already pricing in, with a verdict and a sensitivity heatmap.

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.

Discounted cash flow model40 minUnlevered free cash flow to a share priceComparable companies model35 minCalendarised, LTM, trading and transaction multiples
Browse all 46 models

Walk in with something

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

Earnings TeardownFreeOne-page earnings delta memo + questions listAbout 25 min of your timeStock Pitch BuilderFreePitch architecture: thesis, variant view, valuation, catalysts, risksAbout 45 min of your timeComps Set BuilderFreeComps universe table + inclusion rationaleAbout 30 min of your time

Tracking history

First seen
2 November 2026
On the tracker
Tracked for 3 days
Last checked
5 November 2026

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

Also open in Equity Research

Every open role on the tracker across all verticals and regions.

More tracked roles at RBC

Full RBC intelligence page — every tracked programme, plus interview reports.

After RBC: the next Equity Research programmes to open

This summer internship closes on 31 December 2026. Leave your email and we will tell you the day the next Equity Research programmes open, including RBC’s next cycle, while there is still time to apply early.

One email when a role opens, plus a short weekly round-up in season. Free, and you can leave at any point.

Before you send it

RBC screens on the document, not the intention. Suro reads your CV the way the screener will and writes back in the margin: structure, whether the bullets carry evidence, and whether it survives the parser. Back within 48 hours.

CV review, $25

Questions about this programme

Discussions open here soon.

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