Aug 06, 2020
Career Resources
Career Advancement Opportunities
October 2026 Investment Banking
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Evercore 01 99.5%
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Moelis & Company 01 99.0%
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JPMorgan 01 98.4%
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Guggenheim Partners 02 97.9%
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Morgan Stanley 06 97.4%
Overall Employee Satisfaction
October 2026 Investment Banking
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Moelis & Company No 99.5%
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Morgan Stanley 02 99.0%
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Evercore 01 98.4%
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Banco Santander 02 97.9%
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BMO Capital Markets 13 97.4%
Professional Growth Opportunities
October 2026 Investment Banking
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Evercore 01 99.5%
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Moelis & Company 01 99.0%
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Morgan Stanley 05 98.4%
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Goldman Sachs 01 97.9%
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JPMorgan No 97.4%
Total Avg Compensation
October 2026 Investment Banking
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Vice President (16) $429
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Associates (57) $264
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3rd+ Year Analyst (8) $210
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2nd Year Analyst (28) $184
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Intern/Summer Associate (16) $161
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1st Year Analyst (84) $151
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Intern/Summer Analyst (76) $101
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 | 99.2 | |
| 2 | 99.0 | |
| 3 | 99.0 | |
| 4 | 99.0 | |
| 5 | 98.9 | |
| 6 | 98.9 | |
| 7 | 98.9 | |
| 8 | 98.9 | |
| 9 | 98.9 | |
| 10 | 98.8 |
From 10 rejections to 1 dream investment banking internship
“... I believe it was the single biggest reason why I ended up with an offer...”
Hi Intern in S&T - Other, no, I never sleep and so I can respond to any lonely threads (like this one) at all hours of the night. Impressive, I know ;-)
More suggestions...
Fingers crossed that one of those helps you.
Bump
So I'll address your question in two parts: Barclays overall and the best trading desks. This will become a bit preachy but bear with me lol
1. Barclays overall
This is a difficult question to answer because of the variability in how good certain desks are. Barclays is a solid S&T BB. It's not up there with GS/MS/JP or (to a lesser extent) BAML as shown by trading revenues, but there isn't a significant difference in terms of how successful you'll be between the same desk at Barclays and the others IMO.
2. Best trading desks
Equities - structuring, derivatives, and some of the quant desks have some very sharp people. Conventional wisdom applies here that you should avoid places like cash equities
Fixed income - this is Barclays' bread-and-butter esp after absorbing Lehman. Its HY desk is one of the best around, and I heard EM and distressed are quite good as well. These are the most selective and coveted spots on the floor.
Speaking more generally on S&T, the issue with this is that the top desks now will not always be top. Will distressed and structuring desks stick around for the next 5 years when you become associate? Absolutely - it's almost designed not to be automated. Will HY stick around the way it is now? I don't know. I've heard the market size has shrunk significantly over the next decade and automation is in its infancy.
All this to say that you need to balance what the bank is good at versus what will be the future. No one can predict the future, and I'm still early in my S&T career, but it's better to balance the risk/reward when you're early in your career. Look at technical desks, distressed desks, structuring desks, desks that are focused on automating, rather than being automated. These are desks where you learn to do hard things, and even though they might not be the 'top' desks, they're gonna stick. A quanty major/minor probably goes a long way for these desks, but they're probably not necessary (and if you are a CS major reading this, try to pivot into tech or quant trading).
I know some of this may freak you out, but I promise if you're good you'll be fine this coming summer. There are still many good seats, but you'll just have to grind to get on them. And based on you asking this question, I'm sure you're thinking ahead more than most.Best of luck
Hey can I ask you about cash equities besides the usual norm that it is getting automated or pretty much already is, if the bank is hiring for this desk is that a good sign usually as they only hire if someone decides to leave? More so on the trading side as well, what would your thoughts be?
I don't have too much information about cash trading in particular unfort, but here's what I know:
1. I know banks are investing a lot in e-trading because cash is mostly automated. If you're on that e-trading team it could be bad or good. Sales-trading would be bad - no skillset gained whatsoever IMO. If you're helping develop the electronic/algo trading platform, that's a great experience. You could move in to tech as a product manager with that competency.
2. Where did the person who left go? If they went to a hedge fund, you know you're learning valuable skills. Look into that further and see where this desk could take you
Hope this helps
thanks - do the credit desks have similar exit opps to other top banks? (private credit or debt funds of the world)
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