Comparison of banks/junior summer internship programs
Before everyone attacks me I've spent plenty of time trying to either find an existing post that outlines this or some guide online, but maybe I'm just searching the wrong keywords. I'm a rising junior and will be recruiting for IB this fall. I have my own rough understanding of the banks (i.e. GS JP MS are top, Evercore requires a close-to-perfect GPA, etc.) but I wanted to get a better understanding of how they are all different. Like why would I want to take Barclays over Citi for example. Is it the same work/pay but Citi has worse hours or something? Stuff like that. Is there a post or somewhere to go that outlines the differences between each bank? I have a 3.6 from a target school, but I have excellent work experience having worked at a hedge fund during my entire sophomore year and working at a VC fund this summer. I'm heavily involved in finance clubs at school also and would consider myself ahead of the game in terms of finance knowledge. I know I shouldn't bother with Evercore because of my GPA but maybe I'm a good candidate for some other banks- just looking for breakdowns and stuff between the banks. Thanks
No, and you won't ever get such a detailed breakdown. It heavily depends on which MDs are working with what groups at any given time, although there are some general culture trends that exist in each firm.
One exception to that general role is that banks do run their programs differently and generally do have standardized training programs. There may also be unique logistical or timeline factors such as how Barclays used to rotate people between groups.
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