2025 Internship-Am I too late?

Hello, I am a finance student from a Non Target university in California. I was originally recruiting for IB but I realized after some reflection, I really would want to go into Wealth Management or Private Banking instead. I am a transfer student and very worried about my timeline as I have 2 years left of school and have no summer 2025 internship for WM. I am currently a winter intern at a small PE firm which is unpaid. I dream is to become a financial advisor or work in wealth management in some capacity as it better aligns with my skills and personality.

Am I too late for 2025 internships in WM or will January have some openings? I am very bummed about not getting anything for fall recruitment but I want to lock in this quarter. Also, when do 2026 wealth management internships typically open?

Thank you!

4 Comments
 

Based on the most helpful WSO content, you're not too late for 2025 Wealth Management (WM) internships. While many top firms may have completed their fall recruitment, January often brings new openings as firms reassess their needs or launch additional hiring cycles. Keep an eye on company websites, job boards, and networking opportunities to catch these openings. Additionally, continue leveraging your current PE internship to build relevant skills and connections.

For 2026 Wealth Management internships, recruitment typically begins in the summer or early fall of 2025. To stay ahead, start preparing your resume, networking with professionals in the field, and attending relevant events or bootcamps. This proactive approach will position you well for future opportunities.

Sources: URGENT: Am I Too late for SA 2020?!, https://www.wallstreetoasis.com/forum/job-search/advice-for-sophomore-summer-internships?customgpt=1, Am I too late or too early to apply for Sophomore SA 2023?, Is it too late to get a boutique IB internship for Summer 2023? (sophomore), Missed the application season this fall, sophomore, are there any boutique bank applications still freshly open?

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

So the short answer is yes. The long answer is not really/it depends. 

Larger BBs with WM/PWM arms are done hiring for formal summer analyst classes, however even within large BBs (MS, ML, UBS, WF), one can still land an internship with a one-off team in a branch office between February - March. Hiring at these firms, at the local level, takes 2-3 months from start to finish (assuming multiple rounds and background checks). 

Reach out to individual FAs or FA teams at firms you have an interest in and determine their need for the upcoming summer. 

 

Et suscipit voluptate ut delectus. Sunt ut et qui adipisci quia. Quod dolores commodi animi consequatur excepturi fugit suscipit. Ipsam hic culpa quas laborum minus impedit.

Id ipsum cumque fugiat quisquam. Autem sit est soluta velit sit voluptates eos. Esse qui eum odit non facilis. Delectus et corrupti reiciendis explicabo voluptas recusandae. Omnis rerum quos odio quia quod est fuga. Tempore sed a aut nisi rerum voluptatem aut.

Magni reprehenderit aperiam assumenda cum. Ratione nulla consequuntur dignissimos fugiat fugit totam quis. Ipsum et eum veritatis molestiae dolorum aut minima aut. Aut hic sunt quo aliquid est necessitatibus. Omnis nesciunt vitae nobis eos.

Career Advancement Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Goldman Sachs 01 97.8%
  • Morgan Stanley 07 97.3%

Overall Employee Satisfaction

September 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 98.9%
  • Evercore 01 98.4%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 07 98.4%
  • Goldman Sachs 01 97.8%
  • JPMorgan No 97.3%

Total Avg Compensation

September 2026 Investment Banking

  • Vice President (16) $429
  • Associates (51) $260
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (26) $182
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $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

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...”