Internships Equity Capital Markets

ING's Equity Capital Markets team has two internship vacancies: one within the Origination & Execution team and one within the ECM Syndicate team. Both internships will start at the end of January or beginning of February 2027, with the exact starting date to be agreed. The Origination & Execution internship has a duration of 4 to 5 months, while the ECM Syndicate internship has a duration of 5 to 6 months, in each case to be agreed.

The Team

Equity Capital Markets (ECM) is a joint venture between ING's Corporate Finance and Global Capital Markets departments and advises companies on raising equity capital in international stock markets. Products covered include Initial Public Offerings (IPOs), technical listings, follow-on equity issuances, secondary offerings, share buybacks, preference share issuances and equity-linked transactions.

Our team has a strong track record of assisting and advising public and private companies, local and international financial sponsors and governments in structuring and executing a wide variety of equity and equity-linked transactions. Our recent IPO involvement includes the blockbuster IPOs of SpaceX, DIGI Spain, PayPay and CSG, among many others. Together with our Financial Markets teams, including Equity Research, Equity Sales, Equity Sales Trading and Corporate Access, we originate, structure, execute and distribute equity and equity-linked instruments to institutional investors and Benelux retail investors.

The two internship opportunities

Origination & Execution

The Origination & Execution team advises clients throughout the full ECM transaction process, from identifying and developing strategic equity-capital-markets opportunities to structuring, preparing and executing transactions. The team combines company and sector analysis, transaction structuring, preparation of client materials and coordination across internal and external workstreams.

Key responsibilities

• Supporting client pitches and transaction origination with market intelligence, valuation analysis and real-time data
• Assisting with the preparation and execution of high-profile global ECM transactions
• Tracking equity markets and preparing market updates, presentations and analyses on companies, sectors and transactions
• Assist in organisation of (pre-)marketing for global ECM transactions
• Assist in organisation of (pre-)launch activities for global ECM transactions
• Supporting transaction structuring, process coordination and preparation of client and transaction materials

ECM Syndicate

ECM Syndicate is an integral part of the ECM team and is responsible for the market execution of global ECM transactions, including equity placement, distribution, bookbuilding and price setting. The team coordinates investor marketing and interacts with issuers, institutional investors, Corporate Finance and Financial Markets teams.

Key responsibilities

• Tracking equity markets and preparing market updates, presentations and analyses on companies, sectors and transactions
• Supporting client pitches and transaction origination with market intelligence, valuation analysis and real-time data
• Assisting with the preparation and execution of high-profile global ECM transactions
• Analysing and synthesising investor feedback, broker commentary and market developments
• Working closely with Equity Research, Equity Sales, Equity Sales Trading, Corporate Access and other internal teams
• Assist in organisation of (pre-)marketing for global ECM transactions
• Assist in organisation of (pre-)launch activities for global ECM transactions
• Supporting bookbuilding, demand analysis, pricing and allocation workstreams for the ECM Syndicate team
• Supporting transaction structuring, process coordination and preparation of client and transaction materials
• Assisting with share buybacks, disposal transactions and deal administration where relevant

What we offer

As an ECM intern, you will work in a young, dynamic and highly motivated team on challenging projects for high-profile global clients. The internship offers:

• A transaction-driven, dynamic and energetic work environment
• A steep learning curve and direct exposure to live and prospective ECM transactions
• Experience with key databases, including Bloomberg, Capital IQ, Dealogic and FactSet
• Development of both technical skills, including PowerPoint and Excel, and interpersonal skills
• Broad exposure across the ING Wholesale Banking organisation
• A collaborative and enjoyable working environment within a young team

ECM transactions are complex and demanding. Joining our team will give you a strong foundation for a future career in investment banking and capital markets.

Who are we looking for

We are looking for ambitious and curious research-university (WO) students, either pursuing a Master's degree or in the final year of a Bachelor's degree, with strong academic results and a background in Economics, Econometrics, Finance, STEM or a related field. You are passionate about equities and capital markets and have strong problem-solving and interpersonal skills, sound judgement and excellent attention to detail. You work efficiently in a fast-paced environment and are an energetic, proactive team player who is willing to go the extra mile.

Other information

Two vacancies: Origination & Execution and ECM Syndicate

Starting date: end of January or beginning of February 2027 (to be agreed)

Duration - Origination & Execution: 4 to 5 months (to be agreed)

Duration - ECM Syndicate: 5 to 6 months (to be agreed)

The internships are in person at ING's Amsterdam office

Rewards and benefits

This is a great opportunity to train with highly skilled people who are experts in their field. You’ll do a lot and learn a lot – not only about your specialist area and the bank, but also about yourself and whether this type of environment is right for you.

You’ll also benefit from

• Internship allowance
• Your own work laptop
• Hybrid working to blend home working for focus and office working for collaboration and co-creation
• Personal growth and challenging work with endless possibilities
• An informal working environment with innovative colleagues

During the duration of your internship at ING, it is mandatory to be enrolled at a Dutch university (or EU-university for EU passport holders).

Want to apply directly?

Please upload your CV and motivation letter by clicking the ‘Apply’ button.

Application requirements

Applications must include (i) a cover letter, (ii) a CV and (iii) university grade list(s). At this stage, you do not need to indicate a preference for either position, as we will explain the differences between the two roles in more detail during the interview process. However, if you already have a strong preference, please feel free to indicate this in your application. Candidates must be enrolled at a Dutch research university* for the entire duration of the internship, must be fluent in English (Dutch is a plus) and are expected to reside in the Netherlands. Applications are reviewed on a rolling basis.

*Educational institution recognised as a sponsor by the IND that can apply for a student residence permit in the Netherlands. The only exception is for candidates with an EU passport who do not require a visa to complete an internship in the Netherlands and are registered at a European university.

About our internships

Every year, more than 350 students join our internship program. While there are no guarantees about your future, many of our former interns move into a permanent role or onto our International Talent Programme (traineeship).

Whatever happens, an internship at ING is the ideal opportunity to meet a wide variety of people, to build up your own network, and to learn about many different aspects of banking – put simply, it’s a great start to your career.

Apply now

Save for Later

Your place of work

Explore the area

Questions? Just ask

Florine van Dykhuizen

Ask by email

Apply now

Save for Later

ING’s vision is to unlock our people’s full potential through our inclusive culture where everyone has the opportunity to develop and have impact for our customers and society. To achieve this vision, our policies support diversity, equity, and inclusion. As an equal opportunity employer, we do not tolerate discrimination of any kind with regard to age, gender, gender identity, cultural background, experience, religion, race, ethnicity, disability, family responsibilities, sexual orientation, social origin, or any other status protected by applicable law. If you require any assistance or if we can accommodate you in any way when participating in our application and/or interview process, please email the recruiting contact listed for the relevant position. We will be happy to work with you to ensure a fair and accessible process. Read more about our commitment to diversity, inclusion and belonging here.

Scroll down

More for you

•

•

•

•

•

•

•

•

Benefits in the Netherlands

At ING, our mission is to ‘empower people to stay a step ahead in life and in business’ – not only our customers, but also our employees. In line with this, we offer a unique – and sometimes even surprising – benefits package.

oktober 01, 2024

Overview

Benefits​

Related Content

•

•

•

•

•

Culture in the Netherlands

At ING, you'll work with great people: friendly, collaborative, and (we think) fun! Known for an excellent work culture, great benefits, and engaging work, we believe in sustainable progress for everyone, not just a few.

december 10, 2024

Overview

Culture

Diversity, Inclusion & Belonging​

Employee Stories

Related Content

•

•

•

•

•

•

•

Darlene and Mathijs, Wholesale Banking Transaction Services

"Our ambition? To be the bank our clients call first, and to grow together with them"

november 14, 2024

Article

Wholesale Banking

Employee Stories

Related Content

•

•

•

•

•

•

FAQ Internships

Check out all the ins and outs of our internships.

januari 16, 2025

Overview

Culture

Students & Graduates

Early Careers: Local Opportunities

•

•

•

•

•

•

FAQ's and unfiltered answers.

What are the most Frequently Asked Questions to ING as an employer? We asked our trainees to give their (unfiltered) opinions about the programme, their experiences and the interview procedure. Tune in!

december 03, 2024

Overview

Culture

Students & Graduates

Early Careers: Global Graduate Programme

Early Careers: Local Opportunities

Employee Stories

Related Content

•

•

•

•

•

•

•

•

•

•

Gabriela Matei, Trainee Finance

"A journey full of surprises"

november 15, 2024

Article

Early Careers: Global Graduate Programme

Early Careers: Local Opportunities

Employee Stories

Related Content

•

•

•

•

•

•

•

•

•

•

•

Herman Martens, Trainee Risk

"You have to push your boundaries, otherwise nothing will happen"

november 22, 2024

Article

Early Careers: Global Graduate Programme

Early Careers: Local Opportunities

Employee Stories

Related Content

•

•

•

•

•

•

•

•

Kinga Glama, Trainee Risk

"I wanted to work closer to clients and I found that opportunity here"

november 20, 2024

Early Careers: Global Graduate Programme

Early Careers: Local Opportunities

Employee Stories

Related Content

•

•

•

•

•

•

•

Maple is ING's head office in Amsterdam Zuidoost.

Maple is ING's head office in Amsterdam Zuidoost. Visiting address Bijlmerdreef 109.

november 25, 2024

Location Spotlight

Related Content

•

•

•

•

Mats, Trainee Business Banking

"Amsterdam or Milan: never a dull moment"

november 15, 2024

Article

Retail Banking

Early Careers: Global Graduate Programme

Early Careers: Local Opportunities

Employee Stories

Related Content

•

•

•

•

•

•

•

•

The housing team in the Netherlands

'Everything to make the customer's housing wish come true'

december 10, 2024

Article

Retail Banking

Employee Stories

Related Content

•

•

•

•

•

•

Working at ING in the Netherlands

There’s a good chance we’ve met before. If you’ve watched the Dutch football team play, flown out of Schiphol airport or visited the Rijksmuseum, it’s likely you’ll have seen our orange lion. The Netherlands is our home, and we’re proud of our strong Dutch heritage.

augustus 13, 2024

Article

Overview

Location Spotlight

Related Content

•

•

•

•

•

Load more

Jobs for you

• Recommended
• Recently viewed
• Saved

•

Senior Data Analyst in Risk Area

Data Science

Poland, Warsaw, Poland, Katowice

Save Job

View job

•

Data Analyst in Risk Reporting

Data Management

Poland, Warsaw, Poland, Katowice

Save Job

View job

•

WB Portfolio Management Expert

Financial Risk

Netherlands, Amsterdam

Save Job

View job

No jobs viewed

No jobs saved

The latest jobs straight to your inbox