14 Comments
 

While it isn't a REQUIREMENT to know someone, it certainly helps. I'd say it would be best to be at either end of the spectrum versus right in the middle. You either want to be a genius or have sick connections, but being semi-smart and okay connections probably isn't going to get you anywhere.

CompBanker’s Career Guidance Services: https://www.rossettiadvisors.com/
 

Sometimes though, what you know impresses the people who you need to know.

I worked at a company over the summer and spent some of my time with the marketing department. One of the guys I met there, really brilliant guy when it comes to corporate strategy, but not the best in terms of smooching or being someone else's bitch, used to write on forums about corporate strategy. I don't know the details, but somehow, he impressed a director at a much larger company through the forum and the guy invited him for an interview, which was more of a formality. The guy is working in corporate strategy now making over 3 times as much as he used to and with exec perks.

 

Who is way more important - we all know the same shit. I am a CFA, I am going to business school. I will know no more than alot of people out there. Its WHO I know that will help me get the job I want. Start networking now.

 

Definitely who without question. Nearly everyone in banking got there by knowing someone who helped them in. Finance isnt hard. A bank will teach you all you need to know. It just takes knowing someone to get through the front door.

 

In my experience who you know gets you an interview, what you know or more specifically not being a complete arse gets you the job after the who part.

 

I think I mentioned this story before but I'll say it again. I know a kid from CMU who landed a job with GS's HF division solely through contacts. The kid is not too smart, took 5 years to complete his degree, and his GPA wasn't even that high.

But what matters is that his parents are loaded and have serious contacts. What's worse is he isn't even American, he's from the UAE.

 

Omnis a qui corrupti et. Consequatur corrupti consequatur fugit voluptatem. Occaecati nobis excepturi ipsa commodi est unde sequi. Impedit consequatur aliquid est doloribus.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.2%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 02 98.8%
  • Evercore 01 98.2%
  • BMO Capital Markets 12 97.6%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • Morgan Stanley 05 98.2%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (43) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (77) $151
  • Intern/Summer Analyst (71) $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
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
kanon's picture
kanon
99.0
5
DrApeman's picture
DrApeman
98.9
6
dosk17's picture
dosk17
98.9
7
Betsy Massar's picture
Betsy Massar
98.9
8
GameTheory's picture
GameTheory
98.9
9
CompBanker's picture
CompBanker
98.9
10
Linda Abraham's picture
Linda Abraham
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...”