When bank said you are been offered a Summer Analyst position at their Investment Banking Division, is it ECM, DCM, M&A?

May I ask how does this work? The offer email only stated the investment banking division without mentioning whether it will be ECM, DCM, M&A, or LevFin. Any kind soul can share little insights? Many thanks.

 

Many banks give you a generalist offer, then have a separate placing day a few months before your internship starts. This is especially true of the bulge bracket banks. You keep networking leading up to this placing day, then you oftentimes will rank the groups you’re interested in and they’ll rank the interns they’re interested in, and it’s a matching process.

 

So the placement happens before the internship starts? Does it mean that you could ended up in DCM even if you are interested in M&A or ECM?

 

Neque ut reprehenderit illo delectus odio cum dolorum. Ea quibusdam illum assumenda voluptates porro molestiae cumque. Accusantium fugit vel non. Optio quam repellat temporibus laborum exercitationem id. Sint perspiciatis placeat nisi dolore ut qui animi. Incidunt architecto ex eligendi voluptates omnis suscipit.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (20) $385
  • Associates (88) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (67) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Betsy Massar's picture
Betsy Massar
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
GameTheory's picture
GameTheory
98.9
6
kanon's picture
kanon
98.9
7
CompBanker's picture
CompBanker
98.9
8
dosk17's picture
dosk17
98.9
9
Kenny_Powers_CFA's picture
Kenny_Powers_CFA
98.8
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”