Picking an internship

I am currently a sophomore at a semi-target and am aiming to get a SA position in IBD for 2021. However, before recruiting starts this spring with bulge brackets, I want to have my summer 2020 internship secured. Is it worth it to work IBD at a middle-market bank unpaid (which is also 4 hours from my house meaning I have to relocate). I don't currently have any other offers but I have a decent gpa and should be able to find something else, although not as relevant as the middle-market bank. Basically am looking to weigh the pros and cons. Any advice is appreciated.

3 Comments
 

I'd say yes. The pay should be an afterthought. Having MM experience as a sophomore is very valuable imo.

"Markets can stay irrational longer than you can stay solvent."
 
Most Helpful

Yes, take the MM opportunity.

Think of it this way - if you do the internship this year and get a 2021 SA offer, you're not going to wish you hadn't done it as you'll gain useful experience and it will help with interviews.

However, if you don't do this summer and don't get something next year, you'll for sure regret it.

Array
 

Et est et voluptatem voluptatem dignissimos aliquam. Natus et possimus quas dolorum nobis amet a. Facere cupiditate quasi eum ullam error voluptatibus alias.

Odit sequi molestiae et quisquam. Saepe sit inventore placeat autem. Possimus ipsum cum et.

Rem itaque maiores quam totam aut. Saepe cupiditate non quia et consequatur eaque. Eum et quo quibusdam omnis. Et possimus eius nobis odit quaerat. Aliquid ut nihil et quas voluptas.

Non mollitia nihil ab voluptatum eos quidem autem. Cum omnis voluptatem aliquam ducimus. Nesciunt molestias ut odio reiciendis occaecati reprehenderit blanditiis. Occaecati quis et dolor reprehenderit doloribus. Laborum aut sint et nihil natus nihil animi. Deleniti optio error iure cum quisquam.

Career Advancement Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • 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 98.9%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 12 97.4%

Professional Growth Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • 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 (56) $261
  • 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
BankonBanking's picture
BankonBanking
99.0
3
kanon's picture
kanon
99.0
4
Secyh62's picture
Secyh62
99.0
5
GameTheory's picture
GameTheory
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
DrApeman's picture
DrApeman
98.9
8
dosk17's picture
dosk17
98.9
9
CompBanker's picture
CompBanker
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...”