Interviewed for Two Investment Banking Divisions—Rejected from One, Still in Consideration for another. What Does This Mean?

Applied for a 2026 position at an investment banking firm and had the opportunity to apply for two divisions, so I applied to Capital Markets & Debt Advisory and M&A. I was chosen  to a first-round interview, but the interviewer was from a sector-specific group and didn’t specify which division I was being interviewed for. A day later, I was rejected from Capital Markets & Debt Advisory but am still under consideration for M&A.

Does this indicate anything about my chances or has this happened to anyone else?

1 Comments
 

Recusandae quisquam quia id sit. Alias repudiandae aspernatur facere architecto sit libero sunt. Suscipit magnam est voluptatem et fugiat eligendi exercitationem consequatur.

Quia voluptas ut deleniti maxime quod animi. Et facere et numquam velit. Molestiae nam ipsa nam totam quaerat. Voluptas enim quaerat nesciunt est voluptatem quos aliquam.

Voluptas nihil velit quia at molestiae est tempora velit. Quo rerum non qui.

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

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
Betsy Massar's picture
Betsy Massar
98.9
6
GameTheory's picture
GameTheory
98.9
7
CompBanker's picture
CompBanker
98.9
8
dosk17's picture
dosk17
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...”