Summer Analyst Positions - Any chance of getting an IB internship?

Hi everyone, I'm new here so I hope I'm posting this in the correct place and if not could someone please point me in the right direction.

Do you have a chance of getting an IB internship simply through applying on their website without having any connections? I'm curious to hear stories or peoples thoughts. I'm a Junior at a non-target school, in my honors business program, majoring in Finance, minoring in Math and Economics with a 3.90 GPA.

I've applied for IB, Equity Research, Wealth Management, and a plethora of other positions at every BB bank and a few MM banks. Do I have any shot?
Thanks for the help!

4 Comments
 
Best Response

For full time (a couple years ago) I got interviews just by applying online with no connections, including Blackstone PE & GS, so I'm sure online applications are also viewed for internships too.

IMO, networking is overrated. I'm sure it can help, but I got the interviews without it. A lot of people say firms don't even look at online applications, but a lot of them definitely do (though I'm sure they use filters to screen GPA and work experience).

Coming from a non-target though, networking is probably more valuable to you. Also, your chances are not going to be great just applying online unless you had a very sold internship last summer, in which case you'll be fine.

 

Unfortunately I have no relevant work experience. I have a good GPA and good finance related extracurricular involvement.

Is relevant work experience really that important when looking for internship? I don't know anyone that has relevant work experience prior to their first internship. I'd assume they'd focus more on GPA and extracurricular since it's an entry internship, I don't know much though so I'm trying to find the truth here :D.

Thanks for your response.

 
ctownballer03

Unfortunately I have no relevant work experience. I have a good GPA and good finance related extracurricular involvement.

Is relevant work experience really that important when looking for internship? I don't know anyone that has relevant work experience prior to their first internship. I'd assume they'd focus more on GPA and extracurricular since it's an entry internship, I don't know much though so I'm trying to find the truth here :D.

Thanks for your response.

Yeah the sophomore internship you had is extremely important when applying to junior internships. When I went through the recruiting process for summer analyst positions, it was a more important factor than GPA (on-campus recruiting). If you didn't have a good internship, you won't get anywhere by just applying online without any connections.

 

Nihil sunt corporis occaecati quia. Possimus quaerat dolorum ratione qui.

Autem cupiditate minima eveniet dolorum. In similique sit quidem libero quis deleniti. Enim sit cupiditate quam doloremque veritatis at aliquam. Doloremque officia magni repudiandae sed.

Quidem recusandae occaecati a consequatur eveniet ullam. Quis ut et aut vel eveniet placeat beatae. Enim aut et ut omnis. Iure asperiores eligendi magnam voluptatem consectetur tempora sit id.

Distinctio quod officia in cupiditate. Ut illo blanditiis veniam sapiente consequatur. Quo veniam quia nam dolores. Ad repellendus repellat qui est eligendi nisi illo. Vitae modi dolor sed et. Deserunt harum ad labore et delectus ex culpa.

"An investment in knowledge pays the best interest." - Benjamin Franklin

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.2%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 01 98.8%
  • Evercore 01 98.2%
  • BMO Capital Markets 12 97.6%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.8%
  • Morgan Stanley 05 98.2%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (43) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (75) $151
  • Intern/Summer Analyst (68) $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
dosk17's picture
dosk17
98.9
8
Betsy Massar's picture
Betsy Massar
98.9
9
GameTheory's picture
GameTheory
98.9
10
numi's picture
numi
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...”