Summer internship

Is it too late to apply for summer internships? I'm talking MM or boutique. For those of you with experience applying to smaller banks what did you do? I've been looking online and lots of times the only option to apply is by email or nothing is listed. If I send in a bunch of resumes is this a waste of my time?

4 Comments
 
most of them didn't even start recruiting for interns yet, that starts in like December/January.

Disclaimer: The post above has been made by someone who is not currently employed in IBD, and has not had an interview yet...

 
Best Response

Did an internship last summer at a boutique bank. I was a sophomore, so it was even more difficult for me to get interviews, but since (i assume) you are a junior, you should have an easier time.

Anyway, as far as the smaller banks go, they do not start recruiting for interns until March or so. Essentially, these banks do not have formal programs, and hire by need. They do not know how many they will need until closer to the summer, so they start interviews in late February/early March.

As far as the application goes, keep in mind that since it is a small firm, it is much more likely that someone will take a look at your resume, and not just file it somewhere. Because of this, you can really improve your chances by following up with the main HR contact every 2-3 weeks. This strategy worked well for me with the smaller banks, because when it came time to select people for interviews, I had been in touch with them enough that they remembered my name, and I automatically got invited.

I wouldn't take the mass application approach, but would rather focus on a list of 10-15 firms that really interest you, and think you have a good shot at. If you are persistent enough with these firms, and have a decent resume, you should be able to land a few interviews.

 
dougadamIs it too late to apply for summer internships? I'm talking MM or boutique. For those of you with experience applying to smaller banks what did you do? I've been looking online and lots of times the only option to apply is by email or nothing is listed. If I send in a bunch of resumes is this a waste of my time?

I remember my career centre started having the postings up during Xmas break with deadlines for apps coming 2 weeks into January.

 

Sunt cumque quae in minima ipsam ea molestias. Eum qui doloribus voluptatem enim vero. Veritatis dignissimos aut eveniet ut aut.

Pariatur eaque natus quaerat incidunt voluptas aut. Beatae sit eveniet vero officiis laboriosam. Temporibus velit aliquam qui laborum natus.

Consectetur neque et voluptate et qui. Velit delectus inventore veniam quaerat unde. Eum quam eum et rem nihil qui.

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 (65) $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
dosk17's picture
dosk17
98.9
7
CompBanker's picture
CompBanker
98.9
8
GameTheory's picture
GameTheory
98.9
9
Betsy Massar's picture
Betsy Massar
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...”