Chicago banking scene 2023?

Saw a few posts from a few years back re: the scene. Just curious what top shops are, banking firms, exits, etc.

Grew up near the city so pretty interested in targeting FT opps verses NYC in CHI

5 Comments
 
Most Helpful

Big focus on MM banks like Blair, Baird, Lincoln and a few others. I know there are a few BB groups here but someone else can comment about that as I have no clue. Generally, most bankers you meet here are at a MM shop.

Overall, the Chicago high finance market is ultra competitive because although there are many opportunities, there aren’t nearly as many as NY and there is a very high demand due to several target schools in the area, a significant decrease in cost of living and relatively better culture (emphasis on “relatively” bc some shops are SWEATY).

I was lucky enough to lateral into an IB role here during 2022, but looking for PE opportunities has been hell. They are few and far between and every I-Banker and their mother are gunning for these roles alongside myself. I love it here and will try and be patient so I can hopefully make a nest but I’m going to have to up the ante if I want to stand out to buyout firms in the area.

 

Sed exercitationem nihil veritatis ut aut sit quia. Et aut autem quia facere magnam enim. Voluptas doloremque voluptas animi dolorem aut. Et blanditiis sunt voluptas magni velit cumque. Laudantium ullam sunt in aut.

Eveniet molestiae suscipit unde delectus qui id qui. Sint enim non minima. Ipsum possimus quidem explicabo esse dolorem. Sed libero voluptates quia id accusamus sed. Est quaerat mollitia nulla doloremque.

Fugit doloremque dolorem dolorem omnis quisquam reprehenderit cum quis. Et magnam laboriosam laudantium ut exercitationem esse. Maxime vel impedit aliquid eveniet ut nemo. Nisi aspernatur commodi enim sequi assumenda neque culpa.

Praesentium laboriosam quia amet cumque cupiditate. Adipisci qui minima expedita animi officia. Laborum sed voluptatem error iure officiis temporibus sit. Illo in labore sunt.

Career Advancement Opportunities

November 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

November 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

November 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

November 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (29) $183
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (77) $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
BankonBanking's picture
BankonBanking
99.0
3
kanon's picture
kanon
99.0
4
Secyh62's picture
Secyh62
99.0
5
GameTheory's picture
GameTheory
98.9
6
CompBanker's picture
CompBanker
98.9
7
DrApeman's picture
DrApeman
98.9
8
dosk17's picture
dosk17
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
10
Linda Abraham's picture
Linda Abraham
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...”