Are the best IB internships at headquarters?

I'm really wanting to do my last summer internship in Chicago. How does this work though? It seems to me that most of the summer interns will be in the bank's headquarters, most often NYC. Is this the case? Or do regional offices take in interns for the summer? If so, will the experience be as good, networking aside?

More specifically, I'm looking for public finance IB, so I know that's a bit more regional than traditional IB. Should I try focusing only on Chicago based firms? Blair doesn't seem to be in the top 25 underwriters for muni bonds so that's a bit concerning. Would Baird most likely have its SAs in IB in Chicago?

5 Comments
 

Define best.

"I do not think that there is any other quality so essential to success of any kind as the quality of perseverance. It overcomes almost everything, even nature."
 

Id atque ex suscipit consequatur sed quibusdam facilis porro. Et esse sit alias dolores illo ex doloremque. Corrupti quod ut vel nesciunt officiis ullam fugit.

Aperiam voluptas quo quisquam eos ad. Perferendis dolor ea libero dolorum vel nemo sapiente. Aperiam in ad voluptas impedit tenetur et. Reprehenderit molestiae quod possimus consequuntur temporibus et. Nesciunt fuga ea in quibusdam autem illo.

Odio est modi in tempora architecto maiores. Ipsa aut ullam deserunt omnis. Necessitatibus nostrum ut velit veniam quibusdam. Nemo sapiente exercitationem et iste numquam excepturi vel.

Career Advancement Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

July 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.3%
  • BMO Capital Markets 13 97.7%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.7%
  • JPMorgan 01 97.1%

Total Avg Compensation

July 2026 Investment Banking

  • Vice President (16) $429
  • Associates (46) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (80) $150
  • Intern/Summer Analyst (73) $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
kanon's picture
kanon
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
dosk17's picture
dosk17
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
CompBanker's picture
CompBanker
98.9
8
GameTheory's picture
GameTheory
98.9
9
DrApeman's picture
DrApeman
98.9
10
Mimbs's picture
Mimbs
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...”