Switch to IB

Hi all, I am an equity analyst working at a well-known FinTech company in London. The main reason I am in this role is that I wasn't able to secure an internship in IB during my Masters. Instead, I worked as a Fund Analyst after finishing Uni, and since January 2023, I've been working as an Equity Analyst. However, I am still highly interested in making a switch to IB. I know the easiest way is through an internship, but I hoped that having some experience as an Equity Analyst would act as a good proxy. I find the application stage extremely challenging (still), and perhaps even more so than it used to be a few years ago, as I don't hear back from pretty much any application I make. I understand the probability of a recession in 2024 is close to 60%, companies are laying off people, and the volume of large M&A transactions is still low, which could explain why I don't hear back. I believe at this point, I just have to continue networking and making applications, but I would be very interested to hear how you would approach that challenge. What roles would you apply to, and also which companies would you make applications to?

1 Comments
 

Quo fugit velit et odit est nulla. Dolor esse magnam omnis veritatis. Nesciunt cum est inventore. Incidunt est sit quasi ut.

Rerum omnis enim veritatis provident enim id est. Ullam illum quaerat corrupti et ut et. Enim blanditiis cupiditate accusantium quia illum nostrum voluptate. Occaecati fugit quaerat cum amet est.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

September 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

September 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

September 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

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