Corporate Debt Capital Markets (DCM) Internship

Excited to grow your career

BBVA is a global company with more than 160 years of history that operates in more than 25 countries where we serve more than 80 million customers. We are more than 121000 professionals working in multidisciplinary teams with profiles as diverse as financiers legal experts data scientists developers engineers and designers.

The Corporate Debt Capital Markets (DCM) team within BBVA CIB London forms part of the Credit Europe Developed Markets franchise advising top-tier European corporations on structuring originating and executing primary bond issuances. Operating as a core front-office hub in London the team connects corporate issuers across developed markets with global institutional investors to meet their strategic funding needs. Working seamlessly alongside Syndicate Coverage and Sales & Trading the franchise delivers bespoke debt financing solutions in a fast-paced collaborative environment that actively combines deep capital markets expertise with modern technology data analytics and AI-driven innovation.

About the job:

Are you looking to kickstart your career in Investment Banking and financial markets Join our Corporate Debt Capital Markets (DCM) team within the Credit Europe Developed Markets division in London. You will closely support the team in the origination and execution of bond transactions for major corporate clients gaining unique hands-on exposure to a pan-European franchise and learning how different areas of an investment bank work together on high-profile transactions.

• Origination & Execution Support: Assist in the preparation of client presentations pitches and financing proposals including the analysis of funding alternatives and capital structure considerations.

• Market & Financial Analysis: Support the team by analysing clients financial profiles credit metrics liquidity and debt maturity schedules while monitoring primary and secondary markets interest rates and investor activity.

• Pricing & Valuation Assistance: Help perform relative value pricing and comparable issuer analyses to support strategic recommendations on transaction structure timing and tenor.

• Tech & Process Optimization: Proactively use AI coding and automation tools to streamline recurring processes improve data analysis and develop internal financial/market models.

• Cross-functional Collaboration: Support senior team members in day-to-day activities and ad hoc sector analyses collaborating across Syndicate Sales & Trading Coverage and Ratings Advisory teams during live executions.

• Education: Current Bachelors or Masters student in Finance Economics Business Administration Engineering or a highly quantitative field. A strong interest in pursuing a career in Debt Capital Markets Investment Banking and/or Corporate Finance is essential.

• Languages: Fluent English is mandatory. Knowledge of Italian and Spanish language skills is highly valued.

• Key Competencies: Strong analytical and problem-solving skills combined with attention to detail and intellectual curiosity. We are looking for proactive autonomous and solution-oriented individuals with a commercial mindset. You must have strong organisational skills to manage multiple priorities under tight deadlines alongside a high level of ownership reliability and teamwork.

• Tech Savvy: Advanced proficiency in Excel and PowerPoint. Strong interest and practical experience in AI tools and coding (e.g. Python VBA or similar) to automate workflows and build analytical models. Familiarity with Bloomberg Capital IQ Dealogic or other financial databases is a strong advantage.

• DCM & Corporate Finance Expertise: Develop a practical understanding of bond valuation credit spreads new issue premiums and the critical role of debt markets within a companys overall funding strategy.

• Professional Growth & Networking: Gain broad exposure to the end-to-end DCM processfrom initial client discussions to pricing and executionworking closely with senior bankers in a fast-paced international environment.

• Tech-Driven Innovation: Hands-on experience applying technology and AI to real-world financial analysis empowering you to challenge existing ways of working and propose more efficient solutions.

• Availability: This is a full-time off-cycle internship position from October 2026 - October 2027. Please only apply if you can commit to the full duration.

• Location: London.

• Right to Work: Applicants must possess UK Citizenship or a valid Right to Work (RTW) in the UK. Proof of eligibility will be required during the recruitment process.

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