2025 SA recruiting help

I'm currently working my second internship in RE and have no clue what trajectory to go in or what companies to apply to for 2025 SA (Especially considering non-target). Anyone have good suggestions and know when recruiting starts? Much appreciated. 

6 Comments
 

Based on previous WSO threads, here are some insights and suggestions for your 2025 Summer Analyst (SA) recruiting:

Suggestions for Companies to Apply To:

  1. Investment Banking (IB):

    • Bulge Bracket Banks (BB): Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), etc.
    • Elite Boutique Banks (EB): Evercore, Lazard, Moelis & Company, etc.
    • Middle Market Banks: Jefferies, Houlihan Lokey, etc.
  2. Consulting:

    • Top Firms: McKinsey, Boston Consulting Group (BCG), Bain & Company.
    • Boutique Firms: Oliver Wyman, LEK Consulting, etc.
  3. Private Equity (PE):

    • Megafunds: Blackstone, KKR, Carlyle Group.
    • Middle Market PE Firms: Riverside Company, Audax Group, etc.
  4. Venture Capital (VC):

    • Top Firms: Sequoia Capital, Andreessen Horowitz, Accel Partners.
  5. Hedge Funds:

    • Top Firms: Bridgewater Associates, Citadel, Millennium Management.

Recruiting Timeline:

  • Investment Banking:

    • Bulge Bracket and Elite Boutique Banks: Typically start recruiting as early as February/March of the year before the internship (e.g., February/March 2024 for 2025 SA positions).
    • Middle Market Banks: May start a bit later, around April/May 2024.
  • Consulting:

    • Top Firms: Recruiting usually begins in the fall of the year before the internship (e.g., September/October 2024 for 2025 SA positions).
  • Private Equity and Venture Capital:

    • Less Structured: Timelines can vary, but many firms start looking for candidates around the same time as IB, or slightly later.
  • Hedge Funds:

    • Varied Timelines: Some may start as early as IB, while others may recruit closer to the internship start date.

Tips for Non-Target Students:

  1. Networking:

    • Start reaching out to alumni and professionals in your desired industry as early as possible.
    • Attend industry conferences, webinars, and networking events.
  2. Resume and Cover Letter:

    • Tailor your resume and cover letter to highlight relevant experiences and skills.
    • Emphasize any finance-related coursework, internships, and extracurricular activities.
  3. Online Applications:

    • Regularly check company websites and job boards for application openings.
    • Apply as soon as applications open to increase your chances.
  4. Interview Preparation:

    • Practice technical and behavioral interview questions.
    • Utilize resources like WSO guides, mock interviews, and study groups.
  5. Leverage Resources:

    • Use platforms like Wall Street Oasis (WSO) for insights, advice, and networking opportunities.

If you need more specific advice or have further questions, feel free to ask!

Sources: PE Lateral Recruiting Advice/Stories/Help?, SA and Full Time Recruiting 2020 thread, Please help me understand PE recruiting in the lower middle market., SA2022 Recruiting Timeline, 2021 Recruiting.... Chances, tips, timeline?

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

WSO doesn’t allow links.

Look up “The Pulse LinkedIn” and it’s the first result.

 

2025 summer recruiting won't start until jan 2025 for most CRE firms. network in the mean time asking for coffee chats and show interest in the industry.

PropMetrica | Multifamily underwriting template
 

Aut sit et omnis tempore. Nulla unde est doloribus non. Temporibus repudiandae porro voluptates qui dolore doloremque. Adipisci aliquam earum consequatur molestiae. Dolores id omnis quibusdam repellendus quod eum. Facere ipsum consequatur quia aut. Et voluptate et corrupti soluta quibusdam quibusdam culpa.

Labore in vel corrupti id illo. Et aut porro unde nihil totam. Odit et soluta ex repellendus sit. Aspernatur est voluptatem porro nam. Reiciendis nulla molestias atque quae reprehenderit veritatis omnis.

Voluptatem quae eos illum. Aut sint ut laudantium. Corporis cupiditate eos et et. Vel nihil odit ex explicabo dolor. Voluptates beatae necessitatibus hic fuga aut quia non assumenda.

Nihil consequatur hic accusantium et est sint qui. Voluptatem suscipit est quibusdam iusto in adipisci deleniti. Ipsam quia accusamus assumenda.

Career Advancement Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.2%

Overall Employee Satisfaction

July 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.3%
  • Banco Santander 02 97.7%
  • BMO Capital Markets 12 97.2%

Professional Growth Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.7%
  • JPMorgan 01 97.2%

Total Avg Compensation

July 2026 Investment Banking

  • Vice President (16) $429
  • Associates (46) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (80) $150
  • Intern/Summer Analyst (73) $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

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
GameTheory's picture
GameTheory
98.9
6
DrApeman's picture
DrApeman
98.9
7
dosk17's picture
dosk17
98.9
8
CompBanker's picture
CompBanker
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
10
Linda Abraham's picture
Linda Abraham
98.8
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...”