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Fixed Income Internship Jobs in Illinois (NOW HIRING)

Piper Sandler

$21 - $30/hr

The Fixed Income Internship Program is a 10-week program where you will learn about Fixed Income from the ground up. You will have the opportunity to work with professionals in all areas of Fixed ...

Federal Signal

Income Tax Analyst

Downers Grove, IL · On-site

$55K - $65K/yr

Gather, organize, reconcile, and analyze accounting and tax data from general ledger, fixed asset ... internship experience preferred * Foundational accounting knowledge and interest in corporate ...

Federal Signal

Income Tax Analyst

Downers Grove, IL · On-site

$55K - $65K/yr

Gather, organize, reconcile, and analyze accounting and tax data from general ledger, fixed asset ... internship experience preferred * Foundational accounting knowledge and interest in corporate ...

DRW

Quantitative Research Intern

Chicago, IL · On-site

$250K - $300K/yr

... trading desk or a fixed income options desk * Conduct statistical analysis of market data ... internship * Meaningful projects: Each project, advised by a trader, promotes a comprehensive ...

Bessemer Trust

Client Advisory Intern

Chicago, IL · On-site

$40 - $45/hr

The internship will provide hands-on experience in areas including asset allocation modeling, investment portfolio analysis, fixed income portfolio analysis, tax transition portfolio analysis, client ...

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Fixed Income Internship information

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How much do fixed income internship jobs pay per hour?

As of Sep 15, 2026, the average hourly pay for fixed income internship in Illinois is $18.26, according to ZipRecruiter salary data. Most workers in this role earn between $13.99 and $18.85 per hour, depending on experience, location, and employer.

What is a fixed income internship?

A Fixed Income Internship is a temporary position, typically for students or recent graduates, where individuals gain hands-on experience working with fixed income securities such as bonds and other debt instruments. Interns support teams in analyzing market trends, conducting research, and assisting with portfolio management tasks related to fixed income investments. This internship provides valuable exposure to the financial markets, investment strategies, and analytical tools used in the industry. It often serves as a stepping stone for those interested in pursuing a career in finance, particularly in roles related to asset management, investment banking, or financial analysis.

What are the key skills and qualifications needed to thrive as a fixed income intern, and why are they important?

To thrive as a Fixed Income Intern, you need a solid understanding of finance, economics, and fixed income markets, often supported by progress toward a relevant degree such as finance or economics. Familiarity with financial modeling, Bloomberg Terminal, and Microsoft Excel is typically required. Strong analytical thinking, attention to detail, and effective communication skills help interns stand out in this highly competitive field. These skills and qualities are crucial for accurately analyzing market trends, supporting investment decisions, and contributing effectively to team objectives.

What are some common challenges faced during a fixed income internship, and how can interns overcome them?

Fixed Income Interns often encounter challenges such as understanding complex financial instruments, keeping up with fast-paced market changes, and mastering analytical tools like Bloomberg or Excel. To overcome these, interns should proactively seek guidance from team members, dedicate time to learning fixed income concepts, and practice using relevant software. Engaging in team discussions and asking thoughtful questions can also help interns accelerate their learning and successfully contribute to projects.

What is the difference between Fixed Income Internship vs Fixed Income Analyst?

AspectFixed Income InternshipFixed Income Analyst
Required CredentialsTypically pursuing or recent graduate, some finance or economics backgroundBachelor’s degree in finance, economics, or related field; often requires some experience
Work EnvironmentInternship programs within investment banks, asset management firms, or financial institutionsFull-time role in investment teams, focusing on bond markets and fixed income securities
Employer & Industry UsageUsed as a training position for students and entry-level candidatesProfessional role with responsibilities in research, analysis, and portfolio management

The Fixed Income Internship is an entry-level, temporary position designed to provide exposure to bond markets and financial analysis. In contrast, a Fixed Income Analyst is a full-time professional responsible for analyzing fixed income securities, managing portfolios, and making investment decisions. Internships serve as a stepping stone toward a career as an analyst, who typically has more experience and responsibilities.

What are the most commonly searched types of Fixed Income jobs in Illinois?

The most popular types of Fixed Income jobs in Illinois are:

What are popular job titles related to Fixed Income Internship jobs in Illinois?

For Fixed Income Internship jobs in Illinois, the most frequently searched job titles are:

What job categories do people searching Fixed Income Internship jobs in Illinois look for?

The top searched job categories for Fixed Income Internship jobs in Illinois are:

What cities in Illinois are hiring for Fixed Income Internship jobs?

Cities in Illinois with the most Fixed Income Internship job openings:

Fixed Income Internship jobs near you
Infographic showing various Fixed Income Internship job openings in Illinois as of August 2026, with employment types broken down into 55% Full Time, 42% Part Time, and 3% Contract. Highlights an 92% Physical, 1% Hybrid, and 7% Remote job distribution, with an average salary of $37,979 per year, or $18.3 per hour.

2027 Summer Internship Program - Fixed Income Services

Piper Sandler
Finance and Insurance • 1 - 5K employees
Learn more about Piper Sandlerexternal

$21 - $30/hr

Temporary, Internship

Posted 6 days ago

Job description

Job Description:

At Piper Sandler, we connect capital with opportunity to build a better future.

We believe diverse teams with unique backgrounds, skills and experiences yield more innovative solutions. Our mission is to recruit, develop, retain and engage a diverse, high-performing team. Our business enables bright, committed people working in partnership within an environment that allows each person to achieve at a high level. We commit to encouraging and valuing inclusivity because every partner brings unique perspectives that help us better serve our clients.

Piper Sandler is currently seeking interns for our Fixed Income Services business line for Summer 2027 in Chicago, IL. Learn more about our fixed income team here.

The Fixed Income Internship Program is a 10-week program where you will learn about Fixed Income from the ground up. You will have the opportunity to work with professionals in all areas of Fixed Income that include Municipal Underwriting and Trading, Credit Trading, Fixed Income Strategy & Analytics, Treasury Trading, Agency Underwriting and Trading, Mortgage-Backed Securities, Public Finance Investment Banking, Fixed Income Sales, High Yield Special Situations, Risk Management and various support groups.

The first week you will be introduced to Piper Sandler's businesses and learn about the business as a whole. During the 10 weeks, you will attend Senior Management speaker series, desk teach-ins, engage in a community service project, presentation skills training, performance review and partake in a final project with fellow interns.

Responsibilities may include:

  • Develop an understanding of our client verticals and how they interact with various fixed income products
  • Support financial strategies team with a variety of assigned projects
  • Utilize back-office system, working with support groups
  • Support sales team, learn how we sell products to the buyside
  • Assist trading and underwriting teams, supporting all aspects of the new issue and secondary market process
  • Assist with publications of weekly commentary

Requirements :

  • This internship opportunity is open to rising juniors & rising seniors who have a GPA of 3.0 or above
  • Interest in Finance but a major in Finance is not a requirement for employment
  • While no prior knowledge of finance or sales & trading is required, you should possess a keen interest in the financial markets
  • Prepare for and take the SIE exam per guidelines
  • Strong written and verbal skills
  • Comfortable knowledge of Microsoft Excel, Microsoft PowerPoint and Tableau
  • Detail oriented, strong work ethic, possess leadership skills but also enjoy working on a team
  • Participate in Capstone Project/Final Presentation

Piper Sandler values a strong culture dedicated to the emotional and physical well-being of our employees. Learn more about our commitment to our employee's health and well-being. Learn more about our benefits program and how we are here for our employees and their families today, tomorrow and beyond.

The anticipated pay range for individuals expressing interest in this position is $21-30 per hour.

All qualified applicants will receive consideration for employment without regard to race, color, creed, religion, sex, sexual orientation, gender identity, national origin, disability, age, marital status, status as a protected veteran or status with regard to public assistance.

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