Is Breaking into IB Possible From Non-Target (Penn State) With These Credentials?

Hi everyone,

I’m currently a rising junior at Penn State (University Park), majoring in Finance with a 3.9 GPA. I’m aiming to break into investment banking, ideally for a junior summer analyst position, and I’d appreciate some honest feedback on whether that’s realistically attainable given my background.

Experience: • Internship 1 (Freshman Summer): Civil Engineering internship (before I switched majors) • Internship 2 (Sophomore Summer): Financial & Operations Analyst Intern at a small startup (involved in FP&A, cost tracking, and process improvement)

I’m fully committed to this path and willing to network and grind hard. My main concerns are: 1. Coming from a non-target (although Penn State does place a few into IB each year) 2. Not having a name-brand internship yet 3. No current junior summer internship lined up (currently recruiting/networking hard)

Is it too late for IB? Do I need to look into MM/boutique firms or consider a lateraling strategy post-grad? Any advice, honest thoughts, or feedback would mean a lot.

Thanks in advance.

1 Comments
 

Ea eum possimus ipsum harum sint eaque. Aut quam est voluptas minima aut doloribus. Saepe soluta dignissimos qui qui magni placeat fugiat. Earum ab reiciendis et accusantium est at quis. Tempore eos nesciunt et aut ut. Animi repellat saepe pariatur quod. Consequatur error eius doloribus accusantium.

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

Career Advancement Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • JPMorgan 01 98.4%
  • Guggenheim Partners 02 97.9%
  • Morgan Stanley 06 97.4%

Overall Employee Satisfaction

October 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 99.0%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 13 97.4%

Professional Growth Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

October 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (16) $161
  • 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
kanon's picture
kanon
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
dosk17's picture
dosk17
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
CompBanker's picture
CompBanker
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...”