At U.S. Bank, we're on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at-all from Day One.
Job Description
Our Debt Capital Markets (DCM) team
US Bancorp's Debt Capital Markets (DCM) group specializes in the origination, structuring and syndication of fixed income securities (primarily publicly traded corporate bonds) for investment grade (IG) corporations and partnerships across a variety of industries. Transactions finance a wide array of client needs, such as acquisitions, capital expenditures, liability management exercises, refinancings and recapitalizations.
Client coverage is focused on leading primary market bond issuances, with tailored corporate finance advice, capital structure recommendations, regular market updates and transaction execution guidance to Chief Financial Officers, Corporate Treasurers and related Treasury staff supporting this aim.
What you'll do
Incoming IG DCM analysts will join a lean, collegial, and collaborative team that runs one of the leading underwriting platforms for domestic corporate bond issuances. Analysts work directly with senior team members who share in their professional development and intend to promote advancement within the group.
As a debt capital markets development program analyst, you'll :
DCM analysts directly support senior professionals in their client coverage and deal execution efforts:
Assist in deal preparations and execution (e.g., market and deal process updates, investor marketing, due diligence, documentation/filings, sales team memos, investor and orderbook analysis, credit approval)
Analyze macroeconomic, interest rate and corporate bond market conditions
Perform credit, sector, comparable company and relative value analyses
Create tailored presentation materials used in client pitches
Compose written market update summaries for clients and internal staff
Run models to determine the financial impact of potential liability management transactions
Regularly collaborate with both external and internal deal team members, including issuing clients, peers across the industry, as well as our public side sales & trading partners
Build a supportive community of peers through a variety of cohort strengthening activities such as social events, volunteer days, and development workshops
Who we're looking for
We're looking for intellectually curious and creative thinkers who can think on their feet and thoughtfully react to a changing market.
Basic qualifications:
Bachelor's degree completed prior to start date
Major/concentration in Finance, Economics, Accounting, Math, or a related field with a target graduation date of December 2025 or Spring 2026
Previousindustry experience, such as Investment Banking, Corporate Banking, Corporate Finance/Treasury, Sales & Trading
Working knowledge of a Bloomberg Terminal
Ability to start the fulltime development program in summer 2026
Preferred qualifications:
Excellent verbal and written communication and presentation skills
Proficiency in Microsoft Excel and PowerPoint
Demonstrated understanding of the economy, capital markets and financial statement analysis
Financial modeling, analytical and strategic thinking skills
Exceptional work ethic and attention to detail
High levels of personal motivation and intellectual capacity
Comfort functioning both independently and as part of a team
Ability and desire to work in an exciting, fast-paced environment
Capacity to multi-task under stress and manage time efficiently
Work ing model and hours:
This role is hybrid. Team members who are in a hybrid role typically spend four days a week at the listed U.S. Bank location(s), while having flexibility on their work location for the other working days.
Development program members work approximately 40-hours each week in this fulltime role.
The application process
If you are interested in applying and learning more, click on the Apply Now icon to submit your application.
If there's anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants (https://careers.usbank.com/global/en/disability-accommodations-for-applicants) .
Benefits:
Our approach to benefits and total rewards considers our team members' whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following (some may vary based on role, location or hours):
Healthcare (medical, dental, vision)
Basic term and optional term life insurance
Short-term and long-term disability
Pregnancy disability and parental leave
401(k) and employer-funded retirement plan
Paid vacation (from two to five weeks depending on salary grade and tenure)
Up to 11 paid holiday opportunities
Adoption assistance
Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law
U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.
E-Verify
U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E-Verify program (https://careers.usbank.com/verification-of-eligibility-for-employment) .
The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $66,640.00 - $78,400.00
U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.
Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.
Posting may be closed earlier due to high volume of applicants.
