Job Description: At Piper Sandler, we connect capital with opportunity to build a better future. Founded in 1895, we are a leading global investment bank enabling growth and success for our clients through deep sector expertise, candid advice and a differentiated, highly productive culture. We believe that diverse teams with unique backgrounds, skills and experiences yield more innovative solutions. This is reflected in our commitment to engage, hire, and retain bright, committed people to work in partnership within an inclusive environment that allows each person to achieve personal success and add value to our teams and communities. We are currently looking for an experienced Associate/Analyst to join the Piper Sandler Merchant Banking (“PSMB”) team in Minneapolis, MN in JULY 2027. PSMB is a growth equity investor currently investing out of its fourth fund. PSMB strives to help businesses grow and succeed by leveraging our firm’s knowledge, experience and relationships. The Associate/Analyst can expect to work closely with the partners in Merchant Banking to make a real impact through involvement in all facets of the private equity process. Duties may include: • Creating and iterating complex financial models • Conducting financial valuations and creating return models for potential new investments • Working with senior members of the Merchant Banking team to evaluate and conduct due diligence on potential new investments • Preparing investment memoranda • Preparing quarterly valuation reports • Preparing quarterly and annual reports for our limited partners • Maintaining the Merchant Banking deal pipeline and transaction records Our environment is collaborative, demanding, fast-paced and entrepreneurial. Our portfolio companies are extraordinarily dynamic and our people have what it takes to excel. A successful candidate will possess the following characteristics: • Minimum two years of Investment Banking, buy-side or related financial experience • Strong work ethic, with an ability to work in a fast-paced environment, multi-task and learn quickly • Detail-oriented and analytical mindset • Strong verbal and written communication skills • Previous experience with financial modeling or formal training • Positive attitude with a desire to work with and contribute to the culture of a close-knit team • Bachelor’s degree in finance, business, management, or other related degrees • THIS POSITION WILL START IN JULY 2027 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. 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. The anticipated starting salary for Minneapolis-based individuals expressing interest in this position is $100,000 per year. Compensation is dependent upon level of experience. This position is eligible for annual incentive compensation which will be a part of the total compensation. Total compensation for this position will be competitive with the market. 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.