Freshman year Summer - BB PWM or Regional IB

Hi,

Whats better? Fairly unknown regional boutique, but real hands on IB experience.

OR

PWM at a BB (Think MS, JPM). Freshman summer. Plan on recruiting for sophomore IB jobs. Thanks

8 Comments
 

There is no interaction between the people in PWM and those in IB. A lot of people think that they can get a job in PWM and transfer into IB but that is not how it works. Definitely choose the IB offer

 

You'd get networking opportunities through firm wide events assuming you're at one of the main offices that has both divisions working there, however you will most likely not be interacting with them at all unless you have someone introduce you to them to network or do so yourself.

PWM at a BB looks good on a resume, but definitely take the IB position if you want to do IB.

Array
 
Most Helpful

I did a no name IB internship, meet great people who made me an efficient machine and installed a relentless mentality and work ethic because they knew what my interests were, appreciated that I was working long hours without ever complaining while producing good work and liked that I had the desire to network with them and be genuinely interested in their firm. Those same "no name" guys went to bat for me and would always lend me a hand when they could, truly grateful for that.

IB and the finance industry in general is about being dialled in and having the confidence to do activities that make you stand out in a good way. If you want to be a banker do the IB internship, develop technical and non technical skills and cultivate relationships that will elevate your stock and make you a more competitive applicant in the future.

 

Everything above is well said. Also, during interviews you will be able to speak of deals and show that you know what you’re getting yourself into in banking through previous experiences (albeit through a smaller platform).

 

Sit veniam eum eos fugiat libero qui. Eum ut recusandae rerum est et illum nisi. At optio quo repellat quidem. Totam cumque modi voluptatem voluptatum sed. Voluptatem impedit et pariatur delectus non at optio.

Distinctio perspiciatis neque aut eligendi ab facere. Temporibus quaerat consectetur placeat rerum consequatur molestiae voluptatem. Et unde eligendi harum ut. Sed id minima temporibus nobis non. Quia ut est a.

Fugiat recusandae illum sunt ut quia cum et. Provident in eius ducimus. In tenetur qui eveniet culpa. Maiores et voluptas quaerat delectus non.

Array

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.2%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 01 98.8%
  • Evercore 01 98.2%
  • BMO Capital Markets 12 97.6%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.8%
  • Morgan Stanley 05 98.2%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (43) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (75) $151
  • Intern/Summer Analyst (67) $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
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
kanon's picture
kanon
99.0
5
CompBanker's picture
CompBanker
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
DrApeman's picture
DrApeman
98.9
8
dosk17's picture
dosk17
98.9
9
GameTheory's picture
GameTheory
98.9
10
Mimbs's picture
Mimbs
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...”