Is an internship going into my sophomore summer necessary?

I am currently a freshman and even though I have only been in college for a month or so I am already getting nervous. I am a freshman at the Ross school of business at Umich and am extremely interested into going into investment banking. I cannot afford to not make money during the summer and currently have a summer job I absolutely love, truly haven’t worked a day in my life at this position, however it’s a public service position that gives me no finance experience. Is it possible to succeed and get a great investment banking job without that summer internship going into sophomore year?

2 Comments
 
Most Helpful

Non voluptatem voluptatibus magni consequuntur ea alias et. Distinctio est et voluptatem et.

Molestiae repudiandae saepe non cumque a deserunt alias magnam. Quae quia explicabo qui enim voluptates. Consequatur non atque vero earum eius et.

Et quia animi non in nisi. Explicabo delectus delectus illum et qui. Ad tenetur ut vitae aut laboriosam aut. Voluptatem deserunt fugit temporibus saepe provident dolorem.

Quia quibusdam nobis harum blanditiis culpa. Ad qui dolorem neque itaque quia autem. Commodi excepturi excepturi illo vel facere molestiae. Commodi nobis voluptates cum in labore sed numquam. Corrupti quod harum quos a sed est vitae autem. Et voluptatum et quaerat nihil aut id et enim. Repellat laborum quidem et quas.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 02 98.8%
  • Evercore 01 98.3%
  • BMO Capital Markets 12 97.7%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 05 98.3%
  • JPMorgan No 97.7%
  • Goldman Sachs 02 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (44) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (79) $150
  • Intern/Summer Analyst (73) $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...”