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Most banks will usually have you preference your groups and then the groups themselves will preference the kids they want. Keep in mind that you can end up in any group you preference and that most banks will always have a select few groups that are listed as preferences for almost all of the interns (I.e. M&A for most BBs). You can always break in to a group by networking on your own, but I have noticed that some groups have prolific histories of certain target schools being represented in their respective intern classes. This is especially the case for the most coveted groups on the street (e.g. GS TMT/FIG, MS M&A, etc.).

 
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