2025 Commercial Banking Internship Detroit
2025 Commercial Banking Internship Detroit
Location: Detroit, MI (Hybrid)
Start: June 2025
Summary:
The Commercial Banking Internship is tailored to students interested in business banking. Whether you desire to become future relationship managers, portfolio managers, or an underwriter this will be a great opportunity. This comprehensive 8-week internship program will provide students the opportunity to experience first-hand the relationship banking environment that has defined Comerica's strong ties to clients, colleagues, and communities for over 170 years.
Position Responsibilities:
Portfolio Management Support
- Collect and monitor financial information.
- Work with Portfolio Manager and Relationship Managers on client support.
Sales Support
- Industry research.
- Preparation of marketing materials.
- Prospect identification.
Project: Prospect Identification and Marketing Plan Development
- Work with the team to understand the target customer profile.
- Leverage resources such as LinkedIn, publications, etc. to identify prospects.
- Use industry research to develop value proposition and marketing plan with the Relationship Manager.
- Create an introductory presentation for the prospect meetings.
Commercial Underwriting
- Observe the process for spreading financial statements and underwriting loans.
- Complete a special project to refine key Commercial Underwriting resources.
Interns will also have opportunities to:
- Have an experienced Relationship Manager as a mentor
- Observe how new business is generated through referrals, prospecting, and networking
- Network with executives within the Commercial Bank division
- Meet with leaders within the Credit organization
- Meet with product partners to learn about Treasury Management, Global Capital Markets, and International Trade Finance solutions
- Participate in training opportunities offered by Comerica
Position Qualifications:
- Rising College Senior Status; Must be within 12 months of graduation (Grad year Dec 2025 or Spring 2026)
- Accounting, Finance, Business major preferred
- Overall GPA of 3.0 or above
- Two Accounting courses completed with 3.0 average
- Six months experience Microsoft Office products, Word, and Excel
- The ability to work independently as well as in a team environment
- Excellent communication and interpersonal skills
- Previous customer service and sales experience preferred
- This position is not eligible for sponsorship. Must have indefinite employment authorization
Work Best Category: Category C - Days in the office will either be designated days or will vary week to week from 2-5 days
Hours: Monday - Friday 8:00 am - 5:00 pm
Salary: To Be Determined Based on Individual Experience