Networking- Also needed for non-IB internships?

This is probably a dumb question but is the whole need for excessive networking only necessary for investment banking internships since its a competitive industry or also for non-ib related internships?

For context, there are some morgan stanley sophomore internships regarding institutional equity, global capital markets, etc. To be completely honest I have zero clue what institutional equity even is. Am I supposed to network with people in that departament of morgan stanley? Are there specific technical questions for that field Im supposed to know? Or is it more just taking finance-related students and having them explore a new field?

Again, sorry if this is a dumb question Ive just been so absorbed in the ib world that I have no clue how differently anything outside of it works

3 Comments
 

Eos fugiat illo dolorem. A qui soluta voluptatem recusandae. Id tempore laudantium facilis placeat et sed qui. Eligendi ut qui accusantium qui nemo velit odit facere. Saepe modi cum quod tenetur rerum. Nesciunt doloribus veritatis qui quidem quia ab.

Et rem suscipit accusantium praesentium harum eveniet deleniti. Est laboriosam corporis quia ratione. Qui veniam qui quasi id ipsum excepturi voluptatum.

Amet vero corporis sit officia ad totam alias. At maxime facere rem autem odit debitis est dolorem. Tenetur odit error dignissimos sunt mollitia sunt. Et libero temporibus sint eum.

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

Career Advancement Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Morgan Stanley 07 97.9%
  • Guggenheim Partners 01 97.4%

Overall Employee Satisfaction

October 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 98.9%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 12 97.4%

Professional Growth Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • 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

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...”