How to break into IB?

**A little background on myself: ** Graduated with a bachelors in Finance in December of 2017. Had no banking internships throughout my undergrad years as my school wasn't a target IB school (Even though I graduated with a 3.86 GPA). After graduating I managed to land myself a spring internship at a boutique bank through networking efforts, however, that only lasted from January 2018-May 2018. I went on so many Banking interviews during my time there and after, however, I did not secure any offers. Most of the feedback I received was that the other candidates had more experience than I did, given that I was at the boutique for some months. So after failing time and time again, I decided to accept a Valuations role at a middle market firm in NYC to gain more experience with financial modeling and valuation.

I need advice on how to break into banking in NYC/how to approach recruiting and what type of banks to target. Also, any advice on when to start looking is also helpful. I feel that lateral hiring will give me no luck as I have less than a year of banking experience. I decided to study for my GMAT's in the meantime in case I can't break into banking now. Any advice would be helpful because I still want to pursue my passion, which is Banking. Thanks for the help!

1 Comments
 

Hic aut incidunt nihil harum consectetur eum. Eum aut architecto ut repellendus. Commodi quibusdam est in voluptas magni aliquid. Voluptas vitae in itaque delectus in ullam. Unde minus consequatur excepturi dolorem cum consequatur eligendi. Consectetur sint omnis veniam rerum ex commodi. Minus molestiae ullam rerum atque amet rerum hic.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 02 98.8%
  • Evercore 01 98.3%
  • BMO Capital Markets 12 97.7%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 05 98.3%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (44) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (78) $151
  • 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
Secyh62's picture
Secyh62
99.0
3
kanon's picture
kanon
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
CompBanker's picture
CompBanker
98.9
6
GameTheory's picture
GameTheory
98.9
7
DrApeman's picture
DrApeman
98.9
8
Betsy Massar's picture
Betsy Massar
98.9
9
dosk17's picture
dosk17
98.9
10
bolo up's picture
bolo up
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...”