Deposit Product Intern at Santander

Boston, Massachusetts, United States

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$83,200 – $83,200Compensation

InternshipExperience Level

InternshipJob Type

UnknownVisa

Banking, Financial ServicesIndustries

Requirements

MBA graduate student with an expected graduation date between December 2026 or May/June 2027
Area of Study: MBA program or Economics graduate program
Cumulative GPA of 3.0 or above
Demonstrates intellectual curiosity and courage
Strong English communication skills both written and spoken
Analytical thinkers with a strong attention to detail
Organized and able to manage time and multiple tasks efficiently
Ability to work independently on special projects
Ability to effectively contribute to a team environment

Responsibilities

Customer Experience review and analysis
Competitor and industry research
Product development and improvement initiatives
Product risk management & controls

Skills

Key technologies and capabilities for this role

Product ManagementFinancial ServicesDeposit ProductsTechnical SkillsInterpersonal Skills

Questions & Answers

Common questions about this position

What is the salary for the Deposit Product Intern position?

The base pay for this position is $83,200 per year.

Is this internship remote or does it require being in the office?

This position is located in Boston, MA, and the internship program does not offer any relocation assistance.

Who is eligible for the Santander Summer Internship Program?

The program is for undergraduate students and/or graduate level students with an expected graduation date between December 2026 and May/June 2027.

What will I learn or gain from the Deposit Product Management internship?

You will gain understanding of customer experience analysis, competitor and industry research, product development prioritization, and product risk management.

What is the company culture like at Santander for interns?

Santander fosters an enriching environment focused on continuous learning, personal growth, collaboration with talented colleagues worldwide, and structured professional development opportunities.

Santander

Provides banking, investment, and insurance services

About Santander

Santander Bank provides a variety of financial services to individuals, small businesses, and large corporations in the United States. Its offerings include savings and checking accounts, loans, credit cards, and investment products. The bank also has specialized services through Santander Investment Services and insurance products via Santander Securities LLC. Santander stands out from its competitors by focusing on community growth, committing $13.6 billion to support initiatives like the 'Cultivate Small Business' program, which aids early-stage entrepreneurs, especially from underrepresented groups. The bank generates revenue through interest on loans, service fees, and commissions, while promoting responsible banking practices and financial education. Santander's goal is to empower individuals and businesses, enhance community prosperity, and provide comprehensive financial solutions.

Boston, MassachusettsHeadquarters

1902Year Founded

$75MTotal Funding

POST_IPO_DEBTCompany Stage

Fintech, Financial ServicesIndustries

10,001+Employees

Benefits

Health, dental, & vision

401k

Flexible PTO

Parental & sick leave

Discounts: technology, travel, auto, fitness, & tuition

Risks

ISO 20022 transition may challenge smaller business partners.

'Quishing' attacks pose a growing threat to consumer security.

Openbank faces competition in the U.S. high-yield savings market.

Differentiation

Santander's Openbank offers a 5.00% APY high-yield savings account nationwide.

The bank's Inclusive Communities Plan pledges $13.6 billion for community initiatives.

Santander's ISO 20022 adoption enhances operational efficiency and data management.

Upsides

Openbank's high-yield savings account attracts more U.S. customers.

Santander's renewable energy financing highlights commitment to sustainable investments.

Proactive cybersecurity measures enhance customer trust and protect digital assets.

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