Which is harder to get?

We all hear summer analyst offers for BB firms tend to be harder to land than FT analyst offers. But how about landing a FT analyst offer without any prior internship experience? How does that compare to getting summer analyst offer? Assume the applicant is from target school.

5 Comments
 
steve001i know this is an old thread, but im interested in the answer.
No set rule, but getting a FT without any internship experience would be very hard.

Wow, never thought I would respond to a thread from 2007...that's pre-Bear Sterns.

"Greed, in all of its forms; greed for life, for money, for love, for knowledge has marked the upward surge of mankind. And greed, you mark my words, will not only save Teldar Paper, but that other malfunctioning corporation called the USA."
 

I'd say getting the FT is harder regardless of internship experience because there are fewer slots. I went to a target, and the GS/MS/JPM didn't even recruit FTs in the fall, though they did heavily with SAs in the spring. Ditto any other bank that fills its slots from its intern class. I'd imagine without a finance-related internship, getting a FT interview and subsequent offer will be tough.

 
Best Response

Ratione non fugiat voluptas libero repellendus mollitia placeat. Non error esse reiciendis quas ad labore. Ipsa consequatur assumenda rerum unde et corrupti. Rerum distinctio consequuntur omnis illum aut culpa. Sint est id qui. Omnis ratione necessitatibus ullam reiciendis nesciunt id ut.

"You've got to belong to it."

Career Advancement Opportunities

November 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • JPMorgan 01 98.4%
  • Guggenheim Partners 02 97.9%
  • Morgan Stanley 06 97.4%

Overall Employee Satisfaction

November 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 99.0%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 13 97.4%

Professional Growth Opportunities

November 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

November 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (29) $183
  • 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
kanon's picture
kanon
99.0
4
Secyh62's picture
Secyh62
99.0
5
CompBanker's picture
CompBanker
98.9
6
DrApeman's picture
DrApeman
98.9
7
GameTheory's picture
GameTheory
98.9
8
Betsy Massar's picture
Betsy Massar
98.9
9
dosk17's picture
dosk17
98.9
10
Jamoldo's picture
Jamoldo
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...”