On-Cycle Prep for Incoming Analyst at MM Bank

I am a current senior in college heading to a top MM after graduation. I fully intend on participating in the on-cycle PE process. I understand I'll get less looks compared to a top EB/BB bank, but my bank has had some traction recently with a few UMM funds (I know MF is off the table). As of now, my prep has focused on building LBOs from scratch (full three-statements/debt schedule) and adding complexities to my models (warrants and PIK interest for mezzanine debt, different scenarios, toggles for cash sweeps/amortization, ect). Not sure if this is relevant, but like others from my school going to EB/BBs, I did get an email from a well regarded HH asking to send them contact information. Given this, is it worth continuing to prep for the on-cycle process from my position despite the process being predominantly UMM/MF funds? 

2 Comments
 

Est sed quod sint corrupti blanditiis. Repellat et ut sed sunt rerum ea porro dignissimos. Consequuntur iure dolores laborum sequi dolore soluta amet. Autem blanditiis itaque excepturi nulla soluta. Voluptas id adipisci odio ipsa incidunt repudiandae.

Vel impedit placeat ut ea exercitationem consequuntur sapiente. Reiciendis voluptatem aspernatur at. Cumque rerum eius delectus dolorem. Nemo vel magni est dicta voluptas.

Sint ut qui aut sit voluptates. Velit mollitia quibusdam et voluptatum sapiente occaecati nobis. Sunt voluptatem recusandae qui sit et alias.

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

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
BankonBanking's picture
BankonBanking
99.0
4
kanon's picture
kanon
99.0
5
DrApeman's picture
DrApeman
98.9
6
GameTheory's picture
GameTheory
98.9
7
dosk17's picture
dosk17
98.9
8
CompBanker's picture
CompBanker
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
10
Linda Abraham's picture
Linda Abraham
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...”