ECM Internship

Hi,

I am joining a top tier BB as an intern in ECM for a couple of months and am wondering what exactly I will be doing during those months.

What comes to mind:

- Market updates
- Maintaining a database of IPO, Follow-on discounts and other relevant metrics
- Working on IPO prospectuses

Anything else?

Thanks

13 Comments
 
Best Response

Yes - I spent 3 years in ECM with a BB in new york - you will do a lot of market update slides / contribute pitch materials related to execution (think roadshow, deal layout, account targeting etc) to IPO and FO pitches and maintain / distribute both databases and weekly market updates both internally and externally. You will not work on IPO prospectuses - that is largely done by the IBD folks / perhaps some senior ECM input. You will also assist in deal execution. Most of the strategic and pitch work on a deal is done by the coverage / M&A bankers and ECM's time to shine is really when the deal is executed - you will help streamline execution and compile investor feedback.

PM me if you have specific questions. Not that you asked, but I didnt have a great experience and wouldn't recommend ECM as a full time opportunity unless you really wanted to be in ECM longer term.

 

great comment, thanks for info would be great if you would do AMA, i dont think i've ever seen BB ECM AMA on WSO

op sorry for my usual trolling, the force is too strong :D

 

Et incidunt et enim dolorem voluptatum necessitatibus beatae. Possimus libero non et maxime. Dolore sint voluptas repellat saepe vel fugiat fugit atque. Voluptatem et eligendi cum repellat modi. Nulla in aliquid sapiente et alias corrupti. Ut rerum vitae eaque molestiae ut ex aut culpa.

Career Advancement Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.2%

Overall Employee Satisfaction

July 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.3%
  • Banco Santander 02 97.7%
  • BMO Capital Markets 12 97.1%

Professional Growth Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.7%
  • JPMorgan 01 97.2%

Total Avg Compensation

July 2026 Investment Banking

  • Vice President (16) $429
  • Associates (46) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (80) $150
  • Intern/Summer Analyst (73) $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
kanon's picture
kanon
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
CompBanker's picture
CompBanker
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
DrApeman's picture
DrApeman
98.9
8
dosk17's picture
dosk17
98.9
9
GameTheory's picture
GameTheory
98.9
10
numi's picture
numi
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...”