Job Description

MBA, Investment Banking Summer Associate - Summer 2026

This is a full-time paid internship program spanning ten weeks from June to August 2026. Participation in the internship requires that you are located in the continental United States with in-person attendance at your assigned location, in accordance with Capital One's hybrid working model, for the duration of the program. The location for the duration of this program will be McLean, Virginia. Summer Associates will be evaluated for a full-time position within the KippsDeSanto & Co. team, with potential start dates in the year following the completion of the internship.

Basic Qualifications:

• Currently pursuing a 2-year MBA with an expectation that your degree will be obtained by July 2027 or earlier.
• Must be continuing in the same course of study of your MBA following completion of the internship.

Preferred Qualifications:

• Bachelor's degree in finance, accounting, business, or economics
• Investment banking, private equity, or transaction advisory experience
• Financial modeling experience, to include DCF and LBO
• Strong analytical and quantitative skills
• Knowledge of general accounting and finance principles
• Strong written and oral presentation skills
• Ability to work independently in a fast-paced environment
• Strong work ethic, attention to detail, and a passion for excellence
• A working knowledge of spreadsheet and word processing software programs

Capital One will not sponsor a new applicant for employment authorization, or offer any immigration related support for this position (i.e. H1B, F-1 OPT, F-1 STEM OPT, F-1 CPT, J-1, TN, E-2, E-3, L-1 and O-1, or any EADs or other forms of work authorization that require immigration support from an employer).

KippsDeSanto & Co. ("KDC"), a wholly owned subsidiary of Capital One, is seeking to hire an Investment Banking Summer Associate to support its mergers and acquisitions ("M&A") advisory practice within the Aerospace/Defense and Technology sectors. KDC is focused on providing comprehensive transaction advisory services primarily M&A, private financing, and strategic advisory to middle market defense and technology companies.

Our MBA Summer Associates perform critical functions throughout the entire transaction process, from helping to prepare clients for market, engaging with potential buyers, and facilitating due diligence to ultimately closing the deal. The position offers substantial opportunities to gain financial and technical expertise, professional development, and upward mobility, while taking on a substantial amount of responsibility in transaction execution, client management, and new business development.

Over your 10 weeks with us, you'll have the opportunity to work directly on a variety of strategic advisory and financing-related transactions and assignments. The curated Investment Banking Summer Associate Program provides potential placement into a full-time role on the KDC team and offers a wide variety of networking opportunities, mentorship from senior leaders, and exposure to executives across the firm. The Summer Associate role is designed to prepare MBA students for a career in investment banking through a variety of on-the-job training, detailed market analysis, financial modeling exercises, and the preparation of client engagement materials.

You will have the chance to make lasting impressions through collaboration with your team and colleagues on client deliverables and strategic initiatives. In addition to your day-to-day responsibilities on your assigned team, you'll also have the opportunity to collaborate with others and present in front of senior leadership.

Whether your team's role is providing a detailed presentation on acquisition targets or structuring a product to meet a client's financing needs, you will develop valuable on-the-job skills and experience as an Investment Banking Summer Associate and will provide direct impact on Capital One and its constituents. The KDC team is committed to being an industry leader, driving game-changing initiatives through innovation and collaboration. We're looking for summer analysts who want to be part of this fast-paced, strategically-growing business that is changing the way companies manage their complex financial needs.

Roles and Responsibilities:

• Preparing, analyzing, and explaining historical and projected financial information
• Managing and assisting in the preparation of financial models and business valuations
• Conducting industry and company-specific business due diligence
• Creating client marketing presentations, memoranda, and deliverables
• Attending client meetings
• Drafting and collaborating on pitch presentations
• Developing an understanding of the underlying trends that affect the Aerospace, Defense, and Government Technology industries
• Coordinating and managing the creation of industry research publications
• Assisting in the development and continued cultivation of client, prospective client, and professional advisor relationships
• Assisting in the management and mentoring of Analyst team members

The minimum and maximum full-time annual salaries for this role are listed below, by location. Please note that this salary information is solely for candidates hired to perform work within one of these locations, and refers to the amount Capital One is willing to pay at the time of this posting. Salaries for part-time roles will be prorated based upon the agreed upon number of hours to be regularly worked.

McLean, VA: $175,000 - $175,000 for Associate MBA Intern, Mergers and Acquisitions

Capital One offers a comprehensive, competitive, and inclusive set of health, financial and other benefits that support your total well-being. Learn more at the Capital One Careers website. Eligibility varies based on full or part-time status, exempt or non-exempt status, and management level.

This role is expected to accept applications for a minimum of 5 business days. No agencies please. Capital One is an equal opportunity employer (EOE, including disability/vet) committed to non-discrimination in compliance with applicable federal, state, and local laws. Capital One promotes a drug-free workplace. Capital One will consider for employment qualified applicants with a criminal history in a manner consistent with the requirements of applicable laws regarding criminal background inquiries, including, to the extent applicable, Article 23-A of the New York Correction Law; San Francisco, California Police Code Article 49, Sections 4901-4920; New York City's Fair Chance Act; Philadelphia's Fair Criminal Records Screening Act; and other applicable federal, state, and local laws and regulations regarding criminal background inquiries.

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