Comerica Bank Internship Opportunities: Launch Your Financial Career
Comerica Incorporated, a leading financial services company headquartered in Dallas, Texas, provides a range of internship programs designed to give students invaluable experience and insights into the banking and financial industry. These internships offer hands-on experience across various departments and emphasize mentorship, professional development, and community engagement.
A Deep Dive into Comerica's Internship Programs
Comerica’s internship programs are structured to provide hands-on experience in various departments such as finance, marketing, human resources, technology, risk management, and more. Interning at Comerica provides students with an opportunity to gain practical experience, develop essential skills, and explore career opportunities in the dynamic field of banking and finance.
One of the key advantages of interning at Comerica is the opportunity to work on projects that contribute to the company’s objectives while also addressing real business challenges.
Moreover, Comerica’s internship programs emphasize mentorship and professional development. Interns are paired with mentors who provide guidance, feedback, and support throughout the internship period. In addition to gaining experience, interns at Comerica have access to training sessions, workshops, and networking events created to enhance their skills and expand their professional networks.
Comerica’s internship programs often include social and community engagement activities that encourage interns to give back to the communities where they live and work.
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Specific Internship Programs at Comerica
Comerica offers a variety of specialized internship programs, each targeting specific areas within the financial industry. These programs are designed to provide in-depth knowledge and practical skills relevant to the chosen field.
Rotational Financial Analyst Program
Rotational Financial Analysts are placed in a twenty-four-month rotational program completing four, six-month rotations among various groups in Finance, Accounting, and other related departments. This program provides a broad understanding of the financial operations within Comerica.
Note: This position is not eligible for sponsorship.
Capital Markets Internship
The Capital Markets Internship is tailored to students interested in capital markets products. The 8-week internship program will provide students the opportunity to gain experience in Debt Capital Markets as well as derivatives, foreign exchange trading, and Investment Banking.
Investment Banking Analyst Program
The Investment Banking ("IB") Analyst Program is a challenging two-year full-time program designed to introduce new and recent college graduates to the foundational concepts and processes of investment banking, with a focus on merger, acquisition and divestiture ("M&A") advisory services and select junior capital raise / private placement assignments.
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IB Analysts work closely with other IB professionals to market the firm's advisory services to prospective investment banking clients, and to execute engaged advisory assignments on behalf of such entities. The base Analyst Program is intended to be two years in length, with the possibility of a third year in the Analyst Program for select high performers.
The program begins with an intensive training program that introduces new IB Analysts to the fundamental concepts of financial analysis and valuation, as well as regulatory training and licensing exams. The finance training portion of the program includes coursework in accounting, debt and equity capital markets, financial analysis, modeling and valuation, portions of which will be taught by Training the Street, Wall Street Prep or a similar third-party organization. IB Analysts will also receive self-study materials to guide their preparation for the applicable licensing exams (Series 79 and 63).
Capital Markets Analyst Program
The Capital Markets Analyst Program - is an accelerated and challenging career path designed to develop Analysts into well-rounded colleagues that exhibit a solid finance and credit foundation, as well as strong relationship development skills. The program is two years and introduces Analysts to the full scope of Comerica’s Debt Capital Markets (Loan Syndications) with exposure to Comerica’s additional capital market product offerings including Derivatives, Foreign Exchange trading, and Investment Banking. Formal credit training takes place within a Commercial Underwriting Center. During Phase I, Analysts will complete classroom training sessions.
Note: This position is not eligible for sponsorship.
Comerica Securities Investment Banking Summer Analyst Program
The Comerica Securities Investment Banking Summer Analyst program is targeted towards students interested in investment banking, principally mergers & acquisitions advisory. This 10-week summer internship program will provide students the opportunity to gain experience in investment banking M&A advisory, including basic research, financial and valuation analysis, new business development and potentially project/deal execution.
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Treasury Management Internship
The goal of this internship is to support the activities of the Treasury Management Sales Officers (TMOs) and assist with the onboarding client experience. This position functions as a partner to the TM Sales Officer by participating in internal line of business meetings, TM Sales meetings and external client meetings. The TM Internship provides a deeper dive into Comerica’s product offerings which assist clients with their cash flow needs.
Tax College Internship
The Tax College Intern will learn about the various functions within Corporate Tax, which include compliance, information reporting, and tax accounting. The Tax College Intern will also partner with internal business units in addressing impacts on Corporate Tax.
Finance Internship
Complete financial reports and disclosures for the SEC, bank regulators, and internal uses. Learn how to properly document and tie-out disclosures and report workpapers. Perform review on contracts for key accounting considerations. Complete activities related to the bank’s general ledger system. Perform necessary research to support understanding of accounting changes that may impact the bank.
Economics Department Internship
Comerica Economics produces forecasts of the national economy, interest rates, and its primary business locations of Texas, Michigan, California, Florida, and Arizona. The Economics Department serves as the Bank's spokespeople on the economic outlook and frequently briefs Comerica's executives and clients on the economic outlook. The Economics Department Intern supports the Chief Economist in preparing economic analysis for external publications, internal reports, and for oral presentations to customers and to Comerica colleagues. The position will require 20 hours/week and a commitment through the end of the 2022-23 academic year. Successful candidates possess a good foundation in economics and a strong enthusiasm to learn more about it. They also possess excellent analytical and communication skills, including writing and data analysis. They have a drive for results and can prioritize, manage workloads. The Economics Research Intern reports to the Chief Economist, SVP. The position is located at our headquarters in Dallas, Texas, with easy access to DART.
Wealth Management/Trust Internship
This unique opportunity focuses on the lifecycle of a trust working with each department responsible for the critical roles necessary to administer a trust effectively. The goal is to help candidates gain broader exposure to the interworking of a bank through mentorship and hands-on experience to help them masterfully select their next career in banking. This Wealth Management/Trust Internship position reports to the Trust Senior Leadership team. Trust Interns are placed in a multi-week program in the Comerica Trust Department.
Enterprise Reporting Control & Governance (ERCG) Internship
The Enterprise Reporting Control & Governance (ERCG) team is responsible for ensuring Comerica’s compliance with Section 404 of the Sarbanes-Oxley Act of 2002 ("SOX"). This includes providing certification that the internal controls over financial reporting (ICFR) are designed and operating effectively.
Comerica's Commitment to Its Employees and Community
Comerica Bank is in business to help people be successful. We are committed to delivering the highest quality financial services by providing outstanding value, building enduring customer relationships and demonstrating leadership in our communities. Our promise to both our customers and our colleagues is to raise their expectations of what a bank can be.
With over 175 years of success, Comerica’s longevity is a testament to its strong relationship focus, integrity, and dedicated workforce - more than 7,800 colleagues, who serve as Comerica’s ambassadors in the community. At Comerica, our colleagues are essential to our success. We strive to provide you with the opportunity to grow and develop, both personally and professionally, by offering a wide range of programs that are designed to recognize, reward and develop you throughout your career.
Comerica demonstrates its commitment to the communities it serves through a strong culture of diversity and inclusion, community investment and environmental commitment. The Comerica Charitable Foundation has driven this mission through strategic investments in education, economic development, and essential services since 1997. We proudly partner with impactful organizations like DePelchin Children's Center, The Rose, and SEARCH Homeless Services.
Benefits of Working at Comerica
At Comerica, we take pride in our benefits! Enjoy peace of mind and a rewarding career at Comerica Bank, where our retirement options are designed to help you build a prosperous future. At Comerica we understand that colleagues may need time away from work for a variety of reasons. Whether it's time off for your own medical needs, to bond with a new child, to take care of a family member or for military services, Comerica's leave of absense options allows you to take time off and focus on yourself and your family. Comerica offers excellent medical benefits for you and your eligible dependents. Comerica has an extensive list of offerings including, Medical Prescription Plans, Dental Plans, Vision and additional Supplemental Health Programs. Comerica Bank fosters a culture of trust and respect, and values work-life balance. We have a generous PTO policy and offer flexibility to ensure our employees feel supported and balanced.
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