AM undergrad internship questions

I’m new to WSO but I figured I’d ask a few questions about the AM path and getting an internship for my junior year summer.
For starters, I wont do IB. I wont even consider it. It’s a miserable environment with a miserable WLB. I work very well under pressure, I’m a night owl and can work late hours, but if I don’t have time to atleast sleep 4 hours, I’m not going to perform well. I’m not THAT money hungry. I’m interested in finance and want a nice income. So I figured AM or maybe S&T is the way to go. 
i wanna know if it’s more competitive than IB, what the prep for technical interviews are like, what the timeline is like for recruiting. I’m going into my sophomore year at UMich (not in Ross) as an Econ major.

8 Comments
 

For the MS please name 10 firms that hire undergrad research interns … I’ll wait GS IB hires more interns every year than the entire AM industry

 

This is really helpful. Of course I’d like to do the career path that I’m interested in, but I also want to be smart about my time and my preparation. Would S&T be easier? And should I just try for AM if I can? 

 

Quisquam voluptates cupiditate eum aut. Aliquam molestiae consequatur eligendi aut.

Consequuntur eos natus placeat distinctio dolor et. Est ratione quia omnis illo deserunt vero. Voluptatem cupiditate provident vel nihil qui.

Career Advancement Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Goldman Sachs 01 97.9%
  • Morgan Stanley 07 97.3%

Overall Employee Satisfaction

September 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 03 98.9%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 07 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.3%

Total Avg Compensation

September 2026 Investment Banking

  • Vice President (16) $429
  • Associates (53) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (26) $182
  • Intern/Summer Associate (15) $159
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $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

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...”