Summer 2020 Recruiting Has Started.. (See Attached)

I applied to a certain bank for SA19 in June. It's now only two months later, and I've just applied to their SA 2020.

Am I reading this wrong or am I misunderstanding the app? This is pretty retarded - I applied just in case.

48 Comments
 

if sophomores start getting junior internship offers before their sophomore internship offer, will they even bother do a sophomore internship anymore going forward?

 
Most Helpful

It is ridiculous. In most cases, the kid won't have even taken a finance class yet. Virtually all the schools that have a b school admission process (with b schools tarting junior yr - which is many of the really good ones - not all, but many) the kids are simply knocking our core requirements. A lot of finance clubs open up to sophomores so essentially the process is asking a rising sophomore (no accounting, no finance, no business classes, no finance club, virtually no chance to network as they've just gotten used to college, to try to secure an internship for two summers ahead without having any insight into the industry. Complete joke.

Interesting that consulting hasn't followed this lead. Very difficult to get an internship period let alone prior to rising senior yr.

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
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
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
Betsy Massar's picture
Betsy Massar
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...”