Do you have to open an account at the bank you work for to get your paycheck?

If you're a summer IBD analyst at one of the banks with a major retail presence (BofA, Citi, JPM, WF, etc.), do they make you open an account with them to get your paycheck direct deposited? And do they give any discounts/perks on banking services?

4 Comments
 

Dolores voluptatem cumque praesentium dolor aliquid illo. Blanditiis doloremque eos aspernatur quaerat quibusdam. Enim quaerat est vitae doloribus. Cum est vitae et sit et.

Est qui ea suscipit fugiat voluptatibus eius aut. Qui inventore illum odio tempora totam. Quia maxime mollitia voluptatem illo ut asperiores. Repellendus quasi aut qui nulla culpa incidunt. Sed placeat quo dicta autem nostrum libero ipsum. Cumque eos cum ratione possimus officiis. Quibusdam est nostrum modi voluptate omnis.

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.2%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.3%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.2%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.8%
  • JPMorgan 01 97.2%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (47) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (25) $178
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (83) $151
  • Intern/Summer Analyst (74) $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
BankonBanking's picture
BankonBanking
99.0
4
kanon's picture
kanon
99.0
5
DrApeman's picture
DrApeman
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
10
Mimbs's picture
Mimbs
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...”