MBA Mutual Fund / Asset Management Recruiting - Internship and Full-Time 2023 / 2024

Wondering what the state of mutual fund recruiting looks like, both from an internship and full-time perspective. I know for the summer of 2023, there was a pretty limited number of internship slots available. For example, Capital Group took 3 or 4 MBA interns globally and MFS took 5 in the US. Does anyone have additional data points?

The return offer rate, from what I've seen, has been terrible. Capital Group is deferring decisions. MFS I believe gave 0/5 return offers. Not sure if MFS was an outlier compared to Fidelity, Wellington, etc. I'm wondering if these firms all grossly overhired interns or if it was industry wide. 

Any insights on what that means for full-time MBA recruiting for the class of 2024?

0 Comments

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.2%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.3%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.2%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.8%
  • JPMorgan 01 97.2%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (48) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (25) $178
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (83) $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...”