Incoming Analyst Help - Training

I got a FT offer with Jefferies in an office other than NY. I didn’t do a SA stint in IB either. Today I overheard some kids in my class talking about IB and training in New York before starting at there specific offer locations. My offer letter doesn’t talk about any training though I would obviously imagine there will be some training. I have read about other banks and have found this to be pretty common. Can someone either from Jefferies or someone who knows about this give me some more information on this? Like I said, I am new to IB and had never heard of this before. If it’s in NYC then will I be provided housing/travel/food etc.?

6 Comments
 

My SA does a week of training at HQ, and they cover travel and lodging for everyone who isn't interning in the city where training is. They also said nothing about this in my offer letter and I only found out about it by speaking with people in the group. You are likely fine, just reach out to HR/someone in the group to confirm.

 

Aut veritatis qui esse quidem consequatur. Quibusdam repudiandae illum consectetur molestiae aut odio. Nobis qui eum at qui. Ipsa nemo unde blanditiis tenetur. Ipsam a facilis a et blanditiis sequi optio beatae. Ut repudiandae dolorum voluptas. Similique modi incidunt enim aut molestiae.

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

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
kanon's picture
kanon
99.0
4
Secyh62's picture
Secyh62
99.0
5
DrApeman's picture
DrApeman
98.9
6
GameTheory's picture
GameTheory
98.9
7
Betsy Massar's picture
Betsy Massar
98.9
8
CompBanker's picture
CompBanker
98.9
9
dosk17's picture
dosk17
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...”