Off-Cycle Internship - Debt Capital Markets (all genders)

Working with us means believing in the future; in the great people who are shaping it together every day and in the wide-ranging career paths it opens up. #believeinyourself

Erste Group was founded in 1819 as the first Austrian savings bank and today it is one of the largest banking groups in Central and Eastern Europe (CEE). As an attractive employer, Erste Group offers interesting career opportunities in an international environment

Department Description

The Debt Capital Markets (DCM) Group is comprised of Financial Institutions Group (FIG), Sovereigns, Supranationals and Agencies (SSA) as well as Corporates. Broadly, the DCM business focuses on a wide range of debt-related transactions, including syndicated bonds, private placements, hybrid bonds, EMTN drawdowns, and Schuldschein loans.

As part of this internship, you will particularly work in the “FIG & SSA Capital Markets” department, a globally leading DCM house and prominent underwriter of bond issuances, with a strong focus on syndicated bonds and private placements. The Origination team is responsible for securing mandates from issuers such as banks and insurers within the FIG segment globally as well as from SSA clients, supporting as well as advising them throughout issuing debt capital.

Our scope of work comprises the coordination of the entire issuance process, from preparatory marketing activities to managing work streams between legal advisors, research, bond syndicate, and fixed income sales teams placing the transaction.

Your Tasks

• Provide direct support to DCM originators with the aim to win new mandates by preparing presentations and pitch books as well as during execution of existing mandates by assisting in preparing transaction-specific materials.
• Research of certain issuers and markets as well as preparing regular market updates.
• Gathering information from Bloomberg, rating agencies as well as internal and external databases, further processing it in Excel for analysis as well as creating comprehensive and visually appealing PowerPoint slide decks.
• Analysis of executed issuances and drafting transaction-related reports, such as deal summaries, as well as assisting in the preparation of RfPs to win mandates for bond issuances.

Your Background

• Currently enrolled student from an economics, business administration or mathematics background.
• Strong interest and affinity towards capital markets, in particular fixed income.
• Basic understanding and knowledge of the DCM business, rates and macro-economics are required.
• Potential candidates need to demonstrate following strengths and qualities:

  o Excellent Excel and PowerPoint skills, ideally knowledge in VBA

  o Proficiency of market standard software such as Bloomberg

  o Excellent analytical, mathematical and and quantitative skills

  o Strong academic background, ideally with coursework related to finance, economics, and/or mathematics

  o Ability to work well under pressure and tight deadlines, willing to go the extra mile

  o Adaptability, flexibility and resilience, with a proactive mindset

  o Fluency in German and English, any other language of advantage

  o Excellent verbal and written communication, time management and organizational skills

Our Offer

• Exciting and challenging internship for 6 months full-time (38,5h/week) starting in January 2027.
• Support of your professional and personal development in a dynamic, comprehensive and interesting area.
• We guarantee an internship allowance of minimum EUR 2745,32 gross per month on a full-time basis (except obligatory internships) and benefits of Erste Group.
• We consider the diversity of our employees as key to innovation and success.
• As employer we are proud to offer everyone equal chances, irrespective of age, skin colour, religious belief, gender, sexual orientation or origin.