23 Comments
 

try to chitchat with your networking contacts/buddies/other SAs in the groups you like during this summer

but what do you think happened during group placement that made it turn out this way?

 
Most Helpful

Sorry it happened to you. Similar thing happened to me except with ECM. Just go in with an open mind, maybe you’ll really enjoy it or, try to switch groups for full time. Network throughout the summer with other groups. If recruiting elsewhere for FT, say you enjoyed working with your coverage counterparts in xyz group and would rather focus on a specific sector than a specific product.

Fwiw I ended up enjoying my summer and went to ecm full time after ranking it 1st. Have a much better life than my coverage peers

 

Could be a blessing in disguise. Only makes sense to do coverage if you want to dip for PE or corp dev (and take a massive paycut). DCM is perfect if you want to be a long term banker, bc coverage hours will destroy you. No matter what you think, you still don't truly know what you want to do after IB so go into it with an open mind.Worst case scenario though you should be able to move into coverage for FT

 

Tempore sit voluptas esse debitis. Sit rem et perspiciatis dolorem maiores harum commodi iste. Quaerat sit dolores non quidem neque dolores voluptatem. Quia saepe et et culpa est perferendis consequatur.

Career Advancement Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • JPMorgan 01 98.4%
  • Guggenheim Partners 02 97.9%
  • Morgan Stanley 06 97.4%

Overall Employee Satisfaction

October 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 99.0%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 13 97.4%

Professional Growth Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • 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
Secyh62's picture
Secyh62
99.0
3
kanon's picture
kanon
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
GameTheory's picture
GameTheory
98.9
6
DrApeman's picture
DrApeman
98.9
7
dosk17's picture
dosk17
98.9
8
CompBanker's picture
CompBanker
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...”