AM vs IB Selectiveness at Banks?
What do you think is harder to break into for a summer internship between Asset Management and Investment Banking at banks such as JPM, GS, Lazard, etc, particularly for someone with a non-finance background?
I figure that there may be more spots for IB and they may be a bit more open to a non-finance background, however I'm also guessing that there would be less people applying to AM internships at these banks. I could be mistaken so any insight is greatly appreciated.
Cheers
I'd argue that AM interviews require a demonstration of genuine market interest, business model appreciation, and a potential passion for investing. For IB, you can generally memorize a few technicals and be fine. It's a lot harder to have a real story for the former, and almost impossible to fake it.
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