Getting into Houston IB (SA) as a spring transfer

I am a 2nd year student at a non-target (ranked in the 30s) transferring to a target (Rice) next semester (spring 2021) and was wondering how I would go about getting an IB summer internship for junior year.

I have a high GPA at my current school (3.95+). Would banks care that this GPA is from my non-target if I am already at a target when recruitment starts?

Will my peers have an advantage over me because they have been involved in business ECs/clubs at a target or have previous internships while I don't?

How difficult would it be for me to get a SA offer at a BB (MS, GS) and how much work would I have to put in cold-calling or networking? Would it be possible to get a SA internship in my sophomore year and would this help me secure a BB/MM SA internship (Jefferies, EVR, MS, Citi) for my junior year? 

Lastly, how should I start preparing for SA internship given my situation? Do you think I have a chance for BB IBSA?

0 Comments

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 (48) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (25) $178
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (83) $151
  • Intern/Summer Analyst (75) $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

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...”