Recruiting at different banks for FT after MBA Summer Associate Program

Hi Guys,

Just curious to hear from anyone with experience recruiting at a different bank after your summer associate program in between years. I realize this will vary from school to school and the quality of relationships you built up over the recruiting period, but any clarity would definitely be helpful.

For reference I am at an M7 heading to New York for the summer.

Thanks! Peter Parker

2 Comments
 

After summer internship in investment banking, if you performed well, you will normally get FT return offer from the same bank you interned at. IB rerecruiting in 2nd year is virtually impossible since they take their FT associates from their intern classes.

If you fail to get a return offer, you still have the option to recruit FT for tech and consulting (and maybe other industries). But the odds of getting return offer are higher than failing unless you're a hermit and just socially very awkward.

 
Most Helpful

Laborum et veritatis nobis maiores. Aut est consequatur dolor ipsa. Harum minus voluptates veritatis aut. In quo dolorem rem.

"I know you think you understand what you thought I said but I'm not sure you realize that what you heard is not what I meant."

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.2%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.3%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.2%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.8%
  • JPMorgan 01 97.2%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (48) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (25) $178
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (83) $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

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