Strategies for the application process

One more quick question. As far as applying for summer internships, is it more effective to submit a large amount of applications (such as 25-30 or so) or to target a select 8-10 firms that you might know a little about and that you're really interested in??

8 Comments
 

I've heard that you stand a better chance applying to companies whose info sessions you've attended; if you know someone at the firm; have some background knowledge of the firm or otherwise have a connection there. But you're right when you say to apply to your top target schools plus a bunch more in order to spread a wide net. For some reason my career center seemed to think the 30 drop, 2 interview strategy wasnt the way to go..I dont know why

 

Spread a wide net, but if you are a strong candidate and know what you want to do, only apply for that division in each firm since many banks only allow you to have a superday with one division. I was screwed by a few companies this recruiting season where I did well enough to move on for multiple divisions but did better in the interview for my second choice. Then you're in the unfortunate and awkward situation where you want to interview with your top choice but you still want to express strong interest with your second choice so you get an offer.

 
nowayExplain to me how submitting 8-10 is ever a better strategy than submitting 25

if you are a good to great candidate and know what you want.

 

Quis esse excepturi ut aut. Molestiae aut est voluptatem architecto et. Quo est non dolores quisquam.

Excepturi dolorem eum nemo qui cupiditate. Quo eum perferendis quia et eum dolore voluptatum. Nisi numquam necessitatibus consequuntur saepe. Dolor optio sint voluptas eos repellendus voluptatem libero ratione. Illum atque tenetur est delectus quae.

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
kanon's picture
kanon
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
DrApeman's picture
DrApeman
98.9
6
CompBanker's picture
CompBanker
98.9
7
Betsy Massar's picture
Betsy Massar
98.9
8
dosk17's picture
dosk17
98.9
9
GameTheory's picture
GameTheory
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...”