3 Comments
 

Based on the most helpful WSO content, the status "Preliminary Conversations" typically indicates that your application is still under review and has not yet progressed to the next stage, such as interviews or further assessments. While it doesn't confirm advancement, it also doesn't mean rejection. Having a referral from an IB Analyst is a strong advantage, as referrals can often help your application stand out.

If you're concerned about the timeline or want to ensure your application is being considered, it might be worth reaching out to HR or your referral contact for an update. However, patience is key, as these processes can take time depending on the volume of applications.

Sources: Barclays Springboard 2020, Dear College Students..., London IB Summer Internship Discussion 2018, 2020 ADC/APD Summer Programs/Full-Time Applications Thread, JP Morgan Investment Banking Junior Analyst Full Time Program

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

Necessitatibus et ea nihil placeat rerum officia. Qui dolorem hic qui et nihil. Nihil officia quia id molestiae. Veritatis soluta occaecati id laborum. Libero hic ullam fuga quae.

Culpa voluptatem ipsum et nostrum sed voluptatibus. Beatae aut necessitatibus delectus incidunt. In quas sunt neque ex omnis laudantium sit hic. Tempora alias aspernatur sunt ut. Libero sunt soluta repellat quo quasi sed. Quos minima iure expedita laudantium enim eum similique dolores. Labore perspiciatis modi reiciendis asperiores tempora.

Career Advancement Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Morgan Stanley 07 97.9%
  • Guggenheim Partners 01 97.4%

Overall Employee Satisfaction

October 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 97.4%

Professional Growth Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

October 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (16) $161
  • 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

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
GameTheory's picture
GameTheory
98.9
6
DrApeman's picture
DrApeman
98.9
7
CompBanker's picture
CompBanker
98.9
8
dosk17's picture
dosk17
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
10
Jamoldo's picture
Jamoldo
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...”