4 Comments
 

Based on the most helpful WSO content, securing a reputable freshman summer internship in finance can be challenging, but there are opportunities if you know where to look. While it's rare for freshmen to land front-office roles at top-tier banks, here are some suggestions:

  1. Private Wealth Management (PWM): Many suggest starting in PWM as it's more accessible for freshmen and provides exposure to finance.

  2. Corporate Finance at Fortune 400-500 Companies: These internships can offer valuable experience and are often attainable through networking, alumni connections, or family contacts.

  3. Boutique Investment Banks: Smaller firms or regional boutiques may be more open to hiring freshmen. Examples include Aethlon Capital, Alderwood Capital, and others listed in WSO threads.

  4. Startups and Small Companies: Reaching out to startups or small firms in your hometown can be a great way to gain hands-on experience. They often value hardworking individuals who can contribute immediately.

  5. Networking Programs and Diversity Initiatives: Some BBs and elite boutiques offer diversity programs or networking events for freshmen, which can lead to internships.

  6. Rotational Programs: Firms like JP Goldman Stanley (a boutique mentioned in WSO threads) may offer month-long rotational programs for freshmen.

While these roles might not always involve high-level technical work, they can still provide meaningful experience and help build your resume for future opportunities.

Sources: Freshmen: What to do during your freshman year summer, What do sophomores usually do for internships?, Allen & Co. - An In-Depth Review, Q&A: Former MBB Consultant

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

Quis nihil soluta debitis tempora quisquam ad voluptates. Repudiandae quas rerum reprehenderit iure incidunt facere. Asperiores fugit praesentium voluptates ea libero assumenda quis laborum.

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.3%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.4%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 07 98.4%
  • Goldman Sachs 01 97.8%
  • JPMorgan No 97.3%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (50) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (25) $178
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (84) $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...”