Need advice with transition from Wholesale credit into Investment Banking

I'm a wholesale credit SA at a BB (JPM/BOAML/Citi) and I want to get some advice on transitioning into IB coverage or other product groups. I'm on the asset based lending team which is a very specialized and profitable part of wholesale credit. Deal flow is fairly heavy in comparison with my peers that's within investment banking wholesale credit. We also work with investment banking clients, however most of our clients are from major financial sponsors groups think Icahn, Golden Gate Capital and Bain Cap. I support credit portfolio managers (VPs) directly and I have great exposure to leveraged finance, syndication and restructuring. We do Credit Analysis Memos which is equivalent to CIM (confidential information memo) on the IB side. Don't think we will be working on pitch books because there's always more client that's looking for our product than the bank is willing to provide. Due to the nature of our deal cycle, I'm expecting to participate in 3-4 deals by the end of the summer.

Outside of the summer internship, I worked full time while attending a non-target school in NYC full time. I spent 6 months working with Wells Fargo advisor, 1+ year at JPM in consumer wealth management, 6 months at TD Bank in retail and 1 year at BOA in retail. For school leadership, I'm the founder / president of Alpha Kappa Psi, Chairman for Beta Alpha Psi and some other eboard positions at various clubs. My GPA is at 3.5, and I'm taking the CFA 1 this June.

I have been networking with mainly IB teams here in Atlanta for the summer because I'm relocated to Atlanta from NYC for the internship. Some directors and VPs at regional bank such as SunTrust and boutiques is willing to guide me through recruiting and offered to review my resume. However, I don't know how well that is going to turn out, given I'm not from one of the southern schools.

I often tell people that I don't have a Ivy League degree but I have a PHD that stands for poor hungry and driven. However, at this point I'm just desperate and depressed because nothing is working for me. I did 11 interviews in the previous summer recruitment with almost every firm you can think of. However, I was only able to land 1 IB coverage interview with HSBC. Did a bunch of S&T and middle market banking interviews that I have no interest in. Can someone offer some advice on what I can do?

2 Comments
 

Molestias nobis voluptas quis cumque. Possimus cum nemo modi id assumenda. Libero omnis quibusdam molestiae et. Veniam ex beatae distinctio quos.

Aut fugit blanditiis est optio sunt ut. Ipsa ad temporibus amet aut enim tempore. Et et blanditiis optio in et.

Laudantium aut cumque esse nisi voluptatem. Quae similique aliquam aut est minus atque autem. Quibusdam sint ipsum ea.

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 (47) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (25) $178
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (83) $151
  • Intern/Summer Analyst (74) $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
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
dosk17's picture
dosk17
98.9
6
CompBanker's picture
CompBanker
98.9
7
GameTheory's picture
GameTheory
98.9
8
DrApeman's picture
DrApeman
98.9
9
Betsy Massar's picture
Betsy Massar
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...”