Small sophomore internships are still gold

I wanted to start a thread for people who were in a similar situation as myself. I come from a non-target and secured a BO position at a relatively small regional bank after my sophomore year. After reading plenty of posts on wso, it seemed like without extensive networking I would never be able to break into the IB field (or at least it would be EXTREMELY difficult).

I think these smaller internships are often overlooked because you can network extensively in smaller firms. I have been here 4 weeks and have already met with several high up executives (including a CFO who makes >1 mil every year). Many FT employees at BB banks will not see their executives for years and I as an intern have already had a meeting with the CFO. I was noticed because I improved one of their processes related to compliance. After this, my boss asked where I wanted my career to go and introduced me to the right people.

Small banks want to retain talent, so they have already moved me from BO to the M&A division (which is small but still relevant). Most students from target schools cannot obtain IB experience after their sophomore year, and I will be able to do so because of this small regional bank. Because of this bank which would be s*** on by many users, I will have much more relevant experience than many "target school" students in my class.

In conclusion, small internships can lead to great experiences. Everyone at my work wants to see me succeed, unlike many work cultures which have been discussed on this forum.

3 Comments

Career Advancement Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

July 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 02 98.9%
  • Evercore 01 98.3%
  • BMO Capital Markets 12 97.7%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.7%
  • JPMorgan No 97.1%

Total Avg Compensation

July 2026 Investment Banking

  • Vice President (15) $434
  • Associates (45) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (79) $150
  • Intern/Summer Analyst (73) $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
GameTheory's picture
GameTheory
98.9
6
CompBanker's picture
CompBanker
98.9
7
Betsy Massar's picture
Betsy Massar
98.9
8
DrApeman's picture
DrApeman
98.9
9
dosk17's picture
dosk17
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...”