Why is there a lot of European preference (Italian specifically) in London IB summer recruiting etc

On LinkedIn, it seems like for banks like GS, half of the interns are Italian. I get that speaking multiple languages is a plus, but then why aren't other European nationalities represented more? Also, I read in another thread that there's a significant Italian presence in the London offices of some banks, but wouldn't HR also be against nationalities hiring their own nationality?

3 Comments
 
Most Helpful

Bocconi is a huge target school (probably the biggest outside of the UK alongside HEC). and also a lot of Italians want to move out to London because Italian salaries aren't the best whereas French and German people are more inclined to stay due to their better economic situation.

 

Et aperiam doloribus labore iure hic fuga dolorem. Maxime quis et nam dolorem voluptatibus consequatur voluptatum. Harum aut sunt delectus beatae possimus doloremque. Et asperiores aut eligendi quidem deleniti. Perspiciatis numquam consequatur est hic quia officia. Fugiat voluptatum dignissimos ad impedit.

Career Advancement Opportunities

October 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

October 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

October 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

October 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 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
kanon's picture
kanon
99.0
4
Secyh62's picture
Secyh62
99.0
5
Betsy Massar's picture
Betsy Massar
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
DrApeman's picture
DrApeman
98.9
10
Linda Abraham's picture
Linda Abraham
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...”