2 Comments
 
Most Helpful

It happens but it's usually people who are well-qualified, well-prepared on the right timing and the connections just help them through the process.

It's really not "here's my deadbeat kid who needs an internship this summer" and much more of "oh my son is a sophomore at an Ivy and interested in banking, can you connect him with the right people"

Realistically 90%+ of people get BB IB through "connections" because you are required to network to get in, so whether it's a family friend or an older alum helping you, you do need people to help you out in some way. The number of people who just apply and get a job from the application alone is minuscule, outside of diversity programs.

 

Voluptatem ut est veritatis accusantium similique debitis. Ipsam est est atque consequatur. Et sapiente nam eos nihil nihil.

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

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...”