Do you choose what IB group you are in?
When you get an IB job, are you told what group you are in, or can you choose? Sorry if this is a stupid question.
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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.).
Is M&A one of the largest groups, or is it only a select few that get that coveted position?
This is going to very so much by bank.
I'm talking BB/EB bank. The "brand names."
Yeah that is still not even close to specific enough. Its going to depend on deal count, current market conditions, and turnover in the bank.
M&A is always going to be hard to get into wether there is 10 spots or 50 in a given year.
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