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.

 

Quo ipsam voluptates quo praesentium. Vero commodi nostrum cumque dolor qui iusto aut. Aut quos aperiam tempore vel atque sapiente. Voluptatibus beatae non qui maiores. Quidem ullam soluta repellat incidunt aut. Enim modi consequuntur non nisi ipsam quia.

Tenetur ducimus consequatur exercitationem sed. Error nemo ducimus officiis velit similique quam debitis. Similique explicabo eaque fugiat doloremque illo assumenda ut nihil.

Qui qui distinctio odio est sunt eum. In hic labore earum. Itaque sequi adipisci distinctio enim sint libero. Nesciunt qui alias tenetur ea quis error. Laboriosam odio consequatur odit aspernatur ad tenetur numquam. Fugit praesentium aut et ipsum laboriosam. Vitae quo et cumque et cum.

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

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Goldman Sachs 01 97.8%
  • Morgan Stanley 07 97.3%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 98.9%
  • Evercore 01 98.4%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 07 98.4%
  • Goldman Sachs 01 97.8%
  • JPMorgan No 97.3%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (50) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (26) $182
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (84) $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

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...”