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Based on the most helpful WSO content, it's generally a good strategy to apply for multiple roles to maximize your chances for a Summer Analyst (SA) position, especially if the banks allow it. Here's a breakdown of the approach:

• Apply for Multiple Positions: If the banks permit, applying for different positions can increase your odds. This is because you're not putting all your eggs in one basket and you're showing a broad interest in the firm.

• Tailor Your Applications: While applying broadly, make sure each application is tailored to the role. This shows that you've done your homework and are genuinely interested in each specific position.

• Be Strategic: If you're applying for roles that are quite different, it's important to tell a logical story on your resume and in your cover letter. For example, if you're applying for both trading and investment banking roles, you'll need to demonstrate your quantitative skills for trading and your deal-making interest for banking.

• Understand the Roles: Make sure you understand the roles you're applying for and how they fit into your career goals. This will help you during the interview process when you're asked why you're interested in each role.

• Keep Track: Organize your applications, follow-ups, and any correspondence. This will help you stay on top of the process and ensure you don't miss any opportunities or deadlines.

Remember, while applying to multiple roles can be beneficial, it's also important to be realistic about your skill set and interests to ensure you're a good fit for the roles you're applying to.

Sources: Anyone care to take a quick look at my resume?, How To Pull Off An Internal Transfer, London - Roadmap to FT and SA Hiring, Q&A: Business Analysis at F500 Firm, A non-target's failure