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Investment Banking Off Cycle Analyst Jobs (NOW HIRING)

Investment Banking Analyst

Manhattan, NY · On-site

$90K - $100K/yr

Investment Banking Analyst (Immediate Hire) We're looking for diligent, coachable, and determined financial services professionals who have already started their careers at major investment banks ...

Roth is looking to add an Investment Banking Analyst to our Consumer Team. Our entrepreneurial culture provides Analysts with the opportunity to make significant contributions to engagements with ...

Investment Banking Analyst's Levels 1, 2, & 3 Sector Coverages: Technology or Healthcare, or Industrials Location: Chicago About the Role We are currently partnered with a leading Investment Bank ...

The Analyst can expect to receive immediate exposure to a variety of mergers and acquisitions ... Prior experience in investment banking or a related financial field preferred; recent graduates ...

Investment Banking Analyst

Manhattan, NY · On-site

$110K - $135K/yr

As an Analyst in Investment Banking Coverage, you will play a critical role in supporting deal execution, financial analysis, and client relationship management. Analysts participate in a ...

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Investment Banking Off Cycle Analyst information

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$40K

$96.1K

$164K

How much do investment banking off cycle analyst jobs pay per year?

As of Sep 2, 2026, the average yearly pay for investment banking off cycle analyst in the United States is $96,134.00, according to ZipRecruiter salary data. Most workers in this role earn between $70,000.00 and $114,500.00 per year, depending on experience, location, and employer.

What is an investment banking off cycle analyst?

An Investment Banking Off Cycle Analyst is a temporary position, typically lasting 3-6 months, designed for students or recent graduates to gain hands-on experience in investment banking outside of the traditional summer internship period. Off cycle analysts work alongside full-time bankers to support various tasks such as financial analysis, preparing pitch books, conducting market research, and assisting with live transactions like mergers, acquisitions, and capital raisings. This role provides valuable exposure to high-level financial modeling and deal execution, often serving as a stepping stone to a full-time analyst position.

What types of projects and responsibilities can an investment banking off cycle analyst expect during their program?

As an Investment Banking Off Cycle Analyst, you can expect to work on a variety of projects, including financial modeling, preparing pitch books and presentations, conducting industry and company research, and supporting senior bankers in live transactions such as mergers and acquisitions or capital raising. You’ll collaborate closely with experienced analysts, associates, and deal teams, often working under tight deadlines. This fast-paced environment provides valuable exposure to deal processes and client interactions, helping you build technical skills and a strong professional network, which can be advantageous if you are aiming for a full-time role in investment banking.

What are the key skills and qualifications needed to thrive as an investment banking off cycle analyst, and why are they important?

To thrive as an Investment Banking Off Cycle Analyst, you need strong analytical skills, financial modeling expertise, and a solid educational background in finance, economics, or a related field. Proficiency with Excel, PowerPoint, and financial databases like Bloomberg, as well as completion of relevant internships or certifications such as CFA Level 1, is highly valued. Exceptional attention to detail, time management, and effective communication set top candidates apart. These skills and qualifications are crucial for producing high-quality work under tight deadlines and collaborating effectively on complex financial transactions.

What is the difference between Investment Banking Off Cycle Analyst vs Investment Banking Summer Analyst?

AspectInvestment Banking Off Cycle AnalystInvestment Banking Summer Analyst
CredentialsUndergraduate degree, relevant coursework, strong academic recordUndergraduate student, typically in final year or summer before graduation
Work EnvironmentFull-time, longer-term engagement, often 6-12 monthsTemporary, 8-10 week summer internship
Employer & Industry UsageUsed by banks for ongoing hiring, especially for full-time rolesUsed as a recruiting pipeline for full-time analyst positions

In summary, the Investment Banking Off Cycle Analyst role is a full-time, longer-term position often filled by candidates seeking permanent roles, while the Investment Banking Summer Analyst is a short-term internship designed to evaluate candidates for future full-time positions. Both roles require strong academic credentials and relevant coursework, but differ mainly in duration and employment status.

More about Investment Banking Off Cycle Analyst jobs

What cities are hiring for Investment Banking Off Cycle Analyst jobs?

Cities with the most Investment Banking Off Cycle Analyst job openings:

What states have the most Investment Banking Off Cycle Analyst jobs?

States with the most job openings for Investment Banking Off Cycle Analyst jobs include:

Infographic showing various Investment Banking Off Cycle Analyst job openings in the United States as of August 2026, with employment types broken down into 86% Full Time, 10% Part Time, 3% Contract, and 1% Nights. Highlights an 88% Physical, 3% Hybrid, and 9% Remote job distribution, with an average salary of $96,134 per year, or $46.2 per hour.

Investment Banking Analyst

Armory Group, LLC

Chicago, IL • On-site

Full-time

Medical, Dental, Vision, Retirement

Re-posted 16 days ago


Job description

Armory Group, LLC is a leading investment bank and financial advisory firm dedicated solely to the middle market. We provide a full range of advisory services on a national basis to companies and their lenders, including raising debt and equity financing, M&A and restructuring financial advisory services. We have won numerous national "deal of the year" awards for our M&A work from M&A Advisor and have broad industry coverage with 10 dedicated industry groups that bring unique, sector specific knowledge and expertise to each engagement.
While we regularly work with healthy or growing companies, what makes us relatively unique from other middle market investment banks is our reputation as one of the pre-eminent financial advisors for middle-market companies navigating complex situations or facing unique financial challenges, including raising rescue or turnaround capital for those operating in cyclical industries, undergoing turnaround or experiencing one-time events impacting performance. As a result of our work, we have been recognized with many national "deal of the year" awards from top industry organizations including M&A Advisor, with the 2021, 2022, 2024 and 2025 Turnaround Refinancing of the Year in the $100 million to $1 billion category and 2022 Boutique Investment Bank of the Year. In addition, our growing creditor advisory practice regularly represents some of the nation's largest banks, financial institutions and private lenders in such situations.
Since the original formation of our team in 2008, we have been involved in over $30 billion of transactions across over 175+ diverse engagements
Job Description & Responsibilities:
Armory is seeking both investment banking analysts and financial advisory analysts for our growing investment banking business and creditor advisory practice. We are seeking results-oriented professionals, who can analyze company financial information, develop financial models and lead workstreams in connection with investment banking and creditor advisory projects for Armory. This role requires strong financial modeling background and ability to complete high-quality work products in high-pressure, client-critical, transaction-oriented situations.
Armory offers a unique opportunity for Analysts to work as generalists on projects that provide exposure to various financial advisory and investment banking products and industries. The Chicago-based investment banking associate will have exposure to multiple industries, such as industrials, software and technology, business services, manufacturing, consumer & retail, and food & beverage. Analysts can expect to be involved in a variety of transactions, including debt and equity financings, mergers and acquisitions, recapitalization, valuations and restructuring assignments. Transaction teams are typically small in size, providing significant responsibility and exposure to senior level professionals and clients.
Requirements:
  • Bachelor's degree with top academic performance
  • Minimum one to two years of investment banking or restructuring experience required
  • Strong interest in M&A, debt and equity capital markets, special situations, and restructuring
  • Strong quantitative and qualitative skills, with experience in financial modeling and financial statement analysis, including the development of three-statement financial models and 13-week cash flow models
  • Self-directed, highly motivated, able to learn and work independently in a fast-paced, challenging environment and manage a variety of transactions and projects simultaneously
  • Excellent verbal and written communication skills
  • Demonstrated team player and leader with a strong motivation to contribute to a positive team culture
  • SIE, Series 63, and Series 79 licenses required at time of hiring or expected to be obtained shortly thereafter

This is a full-time position based in Chicago, IL. This is a hybrid role, consisting of both in-office and remote work. The targeted start date is immediate. Travel will be required at times. Compensation includes base salary, discretionary bonus commensurate with the industry, and full benefits (including health, dental, vision, flexible spending account, and 401k).