IB SA 2026 Troubles

Hi everyone, I'm a rising junior at a low target (ND, NW, UVA, Duke) and I'm looking for some advice in order to land an IB SA at any known bank (MM+) for my junior summer. 

For context, I have a 3.9 GPA, a freshman spring ER internship, freshman summer IB internship at a local boutique, and this summer I'll be working at a different local IB boutique.

When I first transferred to this school from my non-target, I was unable to get into any of the investment clubs here that are a pipeline for IB (5% acceptance rates). I spent my sophomore fall semester here networking like everyone else and had about 60 chats (across all the banks) done by the time everything opened in January. I was in the process with 6 banks (only EBs somehow) but was unable to land an offer (1 SD). Was sharp on technicals and did dozens of mocks for behaviorals too; I truly gave it everything I had but I've been unsuccessful as of now. However I'm still very determined to break into this industry and want to do everything possible to make that happen.

Now that the traditional recruitment cycle is over, what can I do to keep recruiting? I hear some firms reopen apps in the fall, so should I begin networking over this summer for sa 2026 again? Is that route possible or will I have to do something random for junior summer and then rerecruit for FT? I hear people talking about delaying graduation but how does that actually work? 

I'm feeling lost as of what to do next so I'd be grateful for any advice.

Thanks so much guys.

7 Comments
 
Most Helpful

Delay your grad, and be extra prepared for the SA 27 cycle. I've seen friends do it successfully, just add another major/minor 

 

So is it delaying graduation by a semester? Do I have to talk to my school about this now? Do I simply just change the grad date on my resume and then pay for one more semester?

 

Yeah delaying grad by a semester. Might want to meet with an advisor, but yeah you can change the grad date on the resume. You could also give the fall apps for SA 26 a shot, but there are far less spots available compared to the regular cycle

 

Firms are likely to reopen apps this fall. DB, JPM reopened apps during fall due to increasing optimism about the 2025 market back in 2024. For spring 2026, apps are likely to reopen too due to candidates reneging. I know a good amount of people signing multiple offers, so obviously they will renege eventually. 

 

I doubt that your technicals were sharp enough if you only got 1 SPD out of 6 EBs (CVP, PJT, EVR, LAZ, MOE, PWP). I know that Evercore, Lazard, and Moelis first rounds are purely technical other than why this firm which is hard to mess up. Seems like your networking is quite good given the number of interviews you got from only 60 calls. I would push graduation and just do more mocks/studying.

 

Molestiae et reiciendis harum vel distinctio consequatur officiis. Qui eos et aut non alias optio sint. Eveniet fuga quia et eum voluptatem eius ratione. Magni unde blanditiis laudantium maxime. Qui in dolorem sunt vel.

Career Advancement Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Goldman Sachs 01 97.8%
  • Morgan Stanley 07 97.3%

Overall Employee Satisfaction

September 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 98.9%
  • Evercore 01 98.4%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 07 98.4%
  • Goldman Sachs 01 97.8%
  • JPMorgan No 97.3%

Total Avg Compensation

September 2026 Investment Banking

  • Vice President (16) $429
  • Associates (51) $260
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (26) $182
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $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
Betsy Massar's picture
Betsy Massar
98.9
6
DrApeman's picture
DrApeman
98.9
7
dosk17's picture
dosk17
98.9
8
CompBanker's picture
CompBanker
98.9
9
GameTheory's picture
GameTheory
98.9
10
Jamoldo's picture
Jamoldo
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...”