Lateraling next summer to IB?

Current undergrad sophomore and have a s&t SA internship lined up for this summer at a BB (GS/MS/BOFA). Does anyone have experience in lateraling to IB there junior summer (would be summer 2025 for me). Any input would be great, was it internal, etc. Happy Holidays !!

8 Comments
 
Most Helpful

The issue is going to be the timing. You'll finish up in August, and 2025 recruiting will be all but wrapped up by August, so you're kind of screwed if you aren't successful. This is not always the easiest switch either - intern "lateral" moves are always a challenge and at least in the past, BofA soph S&T offers were for both summers.

If I were you, just go external... put this on your resume and join the recruiting/networking that's about to kick off in earnest. With this on your resume you should have no problem getting a top offer. Why risk it waiting until the very end of recruiting season for something with a somewhat low chance?

 

I did this at another BB. Show commitment to the bank and prepare good reasons on why would you be better at IB. It also doesn’t hurt to have a good relation with ur recruiter and network inside the bank with IB people that you meet through your sophomore internship. They can vouch for you with the IB recruiters .

 

Rerum qui nisi quos dolor. Quibusdam vel nobis dolor quo officiis. Id earum quam animi maxime voluptas beatae.

Molestiae sed sit ullam deserunt est suscipit. Debitis nihil sed itaque culpa eius incidunt at id. A vitae molestias eaque delectus rerum. Ut rem dolorum voluptates voluptate impedit. Voluptatem soluta eveniet ut rerum est sint quasi. Culpa vitae accusantium id. Dolore aut nam aut aut a perspiciatis rem.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • 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 98.2%
  • 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 98.8%
  • 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 (72) $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
BankonBanking's picture
BankonBanking
99.0
4
kanon's picture
kanon
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
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...”