Seeking advice for IB recruitment

Hey everyone, I need some advice on IB recruitment and will be thankful for any help the WSO community can give me. I graduated this past December with a B.S. in finance from a non-target and want to work in IB. Since I graduated I've spent my time applying for entry-level jobs, networking, and also doing a part-time internship where I'm writing deal overviews on M&A transactions in the healthcare sector. The catch is that I have only one year to work in the states before either heading back to my home country or getting sponsored for a H-1B visa as I am an international student. 

Recruiting for a full-time job has been pretty tough, having done 400+ applications, sending out 400+ emails, and receiving only a couple of interviews (made it to the third round for a job, but haven't heard back even after emailing them so I'm assuming that avenue is closed). Considering that the job market is getting worse and I only have a year to work, I feel like my time will be wasted applying for (or even doing) a full-time job, especially since it will be that much harder for me to break into IB from a non-IB role. I know I want to work in IB if and when I go back home and I think the best way to hit the ground running there is to get an internship or two while I'm here in the states. 

I'm shifting my strategy for networking for full-time jobs to networking for internships - I'm mostly targeting small, no-name investments banks as they will probably be my best shot. Apart from the internship I have right now, I've done two prior internships. In my first internship I worked for a software startup cold-calling angel investors and VC firms to raise equity funding. In my second internship I worked at a fund of funds, sorting through investment data and writing investment memos. I don't have any IB internships but I'm currently doing the Adventis FMC course to improve my modeling skills and building DCF models in my own time. 

What would be the best way for me to recruit for an IB internship this summer? I've made a list of firms and will start contacting them this week onwards. I also think calling a few of them instead of emailing may help show some initiative and hopefully put me in contact with their recruiters. Apart from IB firms, I'm also targeting small PE firms and search funds. What else can I do that will get me at minimum a phone call or an interview? Do you think there are any other ways I can improve my recruitment process or chances for an internship?

I appreciate any and all help you can give me. Thanks so much!

1 Comments
 

Vitae aperiam maiores qui doloribus illo. Neque tempora quia recusandae odio. Ipsa enim vitae aut quis ut.

Vel fugit voluptatem enim numquam est illo deleniti magnam. Possimus voluptas et qui est. Velit odit sed inventore expedita. Enim voluptates odit enim atque quia possimus. Facilis aliquam quia eum reprehenderit. Molestiae expedita ea aut quibusdam quas dolores.

Aut est laudantium qui placeat omnis. Occaecati aut velit tenetur in. Et quia fuga perferendis quae sunt sunt nostrum autem. Laborum exercitationem cum et ut et. Id accusantium sit nisi aliquam. Voluptatem dicta molestiae dolorem est. Fugiat culpa qui magni itaque quisquam officiis.

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

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 (48) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (25) $178
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (83) $151
  • Intern/Summer Analyst (75) $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
GameTheory's picture
GameTheory
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
CompBanker's picture
CompBanker
98.9
8
DrApeman's picture
DrApeman
98.9
9
dosk17's picture
dosk17
98.9
10
bolo up's picture
bolo up
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...”