Global Capital Markets 2026 Off-Cycle Analyst, Debt Capital Markets - London

Global Capital Markets 2026, Off-Cycle Analyst (Debt Capital Markets)

London, United Kingdom

About Us

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognising and rewarding performance, and how we make an impact in the communities we serve.

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

The team

At Bank of America, our Global Capital Markets (‘GCM’) business comprises our Debt Capital Markets (‘DCM’), Equity Capital Markets (‘ECM’) and Leveraged Finance (‘LevFin’) businesses. In all of these businesses we assist our clients in accessing and navigating the financial markets and provide tailored capital markets solutions to address a broad range of objectives. Across the three groups, our clients include investment grade and sub-investment grade corporates, financial institutions, private equity firms and sovereign, supranational and sovereign (SSA) issuers.

This London-based internship will be within DCM, which products include bonds, loans, capital products, liability management and FX and rates solutions.

Programme Overview

Our Off-Cycle Analyst program is designed to offer you a broad and exciting experience of what it is like to work as a full time Capital Markets analyst. For applications to this London program, if successful you will be assigned to the DCM team. Analysts in DCM business, within our GCM team, are involved in originating and executing a wide variety of debt solutions for our clients. You will work with our GCM partners, in addition to our Corporate and Investment bankers, to support with advising clients on optimal methods to access financing, whether for acquisitions, general financing or strengthening of balance sheets.

Training and Development

Your training and development is our top priority with extensive formal training offered at the start of the programme in addition to on the job support, educational speaker events and mentorship throughout.

Responsibilities

As an off-cycle analyst, your key tasks and responsibilities may include but are not limited to:

• Assist DCM professionals with deal origination and execution across a diverse range of product areas
• Work as a product specialist directly with our clients at top management level to create and deliver financing solutions through DCM (bonds, loans, FX and rates) products
• Develop a strong understanding of market fundamentals and be able to make market-informed contributions on a broad array of financing strategies that address clients’ specific needs
• Design highly tailored presentations for clients to outline solutions to their financing needs (including for bank clients to meet their regulatory capital requirements and optimise their capital stacks)
• Work on live transactions and interact with clients and professionals from across the bank as you build your network and experience
• Work closely with Investment Banking and Corporate Banking teams on client coverage and origination, and with our Sustainable Banking Solutions Group on a broad array of ESG-related topics and advising on ESG financing solutions
• Work with sales teams and traders in Global Markets to coordinate and manage live deal executions, and liaise with Global Research to stay informed on the latest market developments

Eligibility:

• Candidates are required to have already received or be pursuing a Bachelor’s or Master’s degree from an accredited college or university.
  • For candidates who have already graduated, the graduation date is required to be between January and September 2025.
  • For candidates who are still pursuing a Bachelor’s or Master’s degree, the completion time frame must be before January 2026. Completion means that you have completed all final exams, coursework, and have no outstanding requirements for graduation. Please note that we reserve the right to request evidence of this completion date before extending an offer.
• Achieved minimum of 112 UCAS point (or equivalent) and on track for a minimum 2:1 degree classification or equivalent
• Must be available to join the programme from Monday 19th January for a period of six months. If candidates were to receive a full-time offer, then they must be available to join the graduate programme from July 2026. Please note that we are unable to offer any deferred start dates

What we are looking for:

• Fluency in English is essential; other European language skills are desirable but not essential
• Applications are accepted from a diverse range of degree disciplines such as the arts and humanities, as well as numerically focused subjects such as economics, mathematics, science and engineering
• You'll need to demonstrate drive, innovation and a genuine interest in the financial markets
• Teamwork, leadership and problem-solving skills, plus creativity are key qualities, as is the ability to work in a fast-paced environment, multi-task and interact with a variety of people
• Displays analytical and problem-solving skills
• Influences decisions and outcomes through effective communication and interpersonal skills
• Demonstrates integrity and ethics by earning other’s trust and respect through consistent honesty and professionalism in all interaction

Our recruitment process

Analyst internship and full-time recruiting takes place on a rolling basis once our applications are open. Assessments often begin before the deadline, so it is best to submit your application early as this will give you the best chance of being considered for the role.

We care deeply about shaping the world of work to be an equal and inclusive one – and that starts with our recruitment process. We know just how important and valuable it is to have a wide range of skills, backgrounds and experiences shaping our work and ideas. We welcome applicants from all backgrounds, and we are proud to focus on attracting, retaining and developing diverse talent within Bank of America. Together, we aim to mirror the customers, clients and communities we serve.

We are an equal opportunities employer, and ensure that no applicant is subject to less favourable treatment on the grounds of gender, gender identity or gender reassignment, marital or civil partner status, race, religion or belief, colour, nationality, ethnic or national origins, age, sexual orientation, being pregnant or on maternity leave, socio-economic background, responsibilities for dependents, physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.

What if I need workplace adjustments?

We are committed to ensuring our online application process provides an equal employment opportunity to all job seekers. If you need a workplace adjustment to search for a job opening, need help completing your application or video interview, please email juniortalentemea@bofa.com and let us know. We will be more than happy to discuss the support you need, and we will respond to your email within two business days.

We offer a competitive Salary and Benefits package