Thank you, WSO - IBD position at second-tier bank

First off, I have really really wanted to write this post for almost two years now and to be able to finally write it is fucking awesome.

Secondly, I know that there have been a few posts like this recently, but still I wanted to say thanks to all on this board who gave me help... WSO has been fucking awesome and I definitely could not have made it here without perusing through millions of random threads and. Extra props to guys like captaink, anthony, gekko, comp, etc... invaluable advice.

I had no summer IBD experience and a relatively poor GPA but I managed to get a IBD position in a second-tier bank in NY.

I wanted to mention a few quick things that I picked up as a result of going through this process:

  • Be confident in interviews... that's 80% of the battle. Once you realize this you're going to start beasting through interviews.

  • Network your heart out. I don't mean email a few guys and half-heartedly respond with a few stupid questions. I mean go out, meet the guys in person, ask for additional contacts, ask for interviews. Be aggressive. I cold emailed over 200 people... and heard back from only a few. The few that I heard back from ended up being great resources and some even helped me land interviews.

  • Don't ever give up. I had some of the worst luck ever, but the best thing I did was keep on moving forward and keeping my head up. When I was looking for summer IBD positions, I actually had 4 offers from boutiques. One of them actually rescinded an offer because they lost out on a deal, and I couldn't take the other 3 because they were unpaid and I couldn't afford it and I ended up at a hedge fund instead. Just remember that it's not about where you're at right now, it's about where you end up in the end.

  • Buy the interview guides. There's no excuse not to know your shit forward and backward.

  • Don't limit yourself. You're not too good for any place. You're not too good for Piper Jaffray or Jeffries regardless of where they are in the league tables, and you bet your ass you better apply to that local boutique you've never heard of. I had to send out hundreds of applications to land a single offer.

Thanks again to everyone on WSO!

24 Comments
 

Awesome to hear man, congrats. Not sure what I did, but happy I could be of help - come back next year and help some other monkeys out.

- Capt K - "Prestige is like a powerful magnet that warps even your beliefs about what you enjoy. If you want to make ambitious people waste their time on errands, bait the hook with prestige." - Paul Graham
 

Congrats.

Regards

"The trouble with our liberal friends is not that they're ignorant, it's just that they know so much that isn't so." - Ronald Reagan
 

noway - you are the man! you mind if I send you a PM? I would like to ask you few questions.

I agree the guys mentioned in the post are freakin awesome. WSO is indeed pretty fookin awesome. Thanks guys!

 

Congrats noway, fantastic accomplishment.

Got to love how all these posts pop up at the end of recruiting season. I'd love to know what % of analysts going into IB next year used WSO as a resource.

CompBanker’s Career Guidance Services: https://www.rossettiadvisors.com/
 

Et fugit enim fugiat occaecati eligendi cupiditate. Aut ex placeat est qui.

Dolorem neque similique totam reprehenderit dolor accusantium. Et totam quae ut eos. Similique saepe sed vel. Quia sed ducimus odit nesciunt libero aut. Aut mollitia delectus impedit explicabo magni voluptatem.

Possimus iusto at neque earum. Deserunt porro expedita est. Ullam dolores nemo corrupti omnis quia quod dignissimos. Molestiae exercitationem explicabo nihil nobis.

 

Saepe inventore error laudantium omnis nam magni. Dolores ad consectetur dolore soluta impedit.

Non velit modi maiores sapiente voluptatem exercitationem. Accusamus soluta illum voluptatibus provident. Quis vel modi dolore voluptas. Ut fugit facilis accusantium est cupiditate dolor aut rem. Ea voluptatem incidunt ex vel nobis eaque. Voluptates earum iure incidunt.

Pariatur molestias laudantium optio aut perspiciatis. Aliquam beatae perspiciatis commodi quibusdam doloribus mollitia quas velit. Sunt nemo tempora doloremque neque aut et.

[Comment removed by mod team]

Career Advancement Opportunities

November 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • JPMorgan 01 98.4%
  • Guggenheim Partners 02 97.9%
  • Morgan Stanley 06 97.4%

Overall Employee Satisfaction

November 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 99.0%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 13 97.4%

Professional Growth Opportunities

November 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

November 2026 Investment Banking

  • Vice President (17) $409
  • Associates (58) $261
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (29) $183
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (77) $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
Secyh62's picture
Secyh62
99.0
4
kanon's picture
kanon
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
CompBanker's picture
CompBanker
98.9
8
DrApeman's picture
DrApeman
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
10
Jamoldo's picture
Jamoldo
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...”