Rank these divisions by how competitive they are for summer internships.

Hi everyone! I'm applying to summer internships next year and thought it might be useful for me and others to find out which divisions are the most difficult to get into. What do you think? The divisions (randomised) are...

  • Risk Management

  • Asset Management

  • Compliance

  • Private Banking/Wealth Management

  • Equity Research

  • Corporate Banking

  • Sales and Trading

  • Investment Banking

Looking forward to your responses!

Comments (11)

Mar 13, 2021 - 2:13pm
Isaiah_53_5 💎🙌💎🙌💎, what's your opinion? Comment below:

Compliance definitely the easiest and most boring. Please don't apply to compliance jobs. You'll thank me later. 

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

  • 1
Mar 14, 2021 - 12:53am
marketMergerMaddie, what's your opinion? Comment below:

Personal views only. Related to my own applications and applications of my close friends. Take it with a grain of salt.

  1. Investment Banking
  2. Sales and Trading
  3. Equity Research
  4. Corporate Banking
  5. Asset Management
  6. Risk Management
  7. Private Banking / Wealth Management
  8. Compliance

2 through 7 may vary depending on who you ask. IB is definitely the hardest and Compliance is definitely the easiest. 

Most Helpful
  • Intern in IB - Gen
Mar 14, 2021 - 5:08am

I'd say AM is harder to get than Corporate Banking

Mar 14, 2021 - 7:51am
tom bernard, what's your opinion? Comment below:

personal take:

1a. IBD (higher bar to internship, relatively lower bar to FT conversion - also most "popular" division, everyone and their mother wants to "break into" IB)

1b. S&T (lower bar to internship, relatively higher bar to FT conversion since less headcount etc)

1c. Research (similar competitiveness to S&T but headcount is few and far between)

2. Asset Management (assume OP is referring to real money shops)

3. Private Banking (at a BB - low bar to internship but VERY difficult to stay afloat)

4. Corp banking

5. risk

6. compliance (you're the black sheep and everyone hates you. echo above that its not a very viable career for peeps that visit this site)

7. "wealth management" (at a MLM shop e.g. NW mutual)

brotip: do something that you enjoy, not something that's the "most desirable" etc

"They say money can't buy happiness? Look at the fuckin' smile on my face. Ear to ear, baby!" - Boiler Room

  • 3
Mar 14, 2021 - 10:23am
jonaskl, what's your opinion? Comment below:

Very interesting, thanks for the tip! How would you rank Merchant Banking in that list? Also, what's your take on starting out in a less competitive division and switching afterwards? 

Mar 14, 2021 - 4:53pm
StonksAlwaysGoUp, what's your opinion? Comment below:

To me:

S&T (Specifically Rates)

AM (top institutional shop)

IBD

ER

CB

PB/MB

RM

Compliance

WM

(essentially it is highly dependent on your career goals so don't assume IBD is the #1 be all and end all for everybody as it is not).

  • Analyst 1 in IB - Gen
Mar 14, 2021 - 8:28pm

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