How difficult will it be for me to move from a PWM internship into M&A or Equity Research?

I'm a Junior at a semi-target school and I was just offered an summer internship position at a (small-ish?) Private Wealth Management firm which I just accepted. Compensation is $15/hour and I will be working with/for several analysts and the CIO within both Research and Portfolio Management. The firm manages around $12bn and I'm very excited to start even if the majority of it is photocopying things and office work.

This is my first banking internship and understand that Freshman/Sophomores typically work within PWM, so my question is how difficult will it be to use this experience to get into a BB or a more prestigious Boutique down the line? Additionally, what should I do to make the most of this opportunity and how should I prepare?

1 Comments
 

Unde quo similique est earum recusandae iste ut. Libero delectus iusto eos modi nostrum non amet. Et adipisci possimus in fugit sit.

Officia animi praesentium repellat. Eum suscipit ea et explicabo id quo dolore. Ad veniam nemo et consequatur libero laudantium dolor. Optio voluptas in repudiandae et rem dolorem.

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

Career Advancement Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Morgan Stanley 07 97.9%
  • Guggenheim Partners 01 97.4%

Overall Employee Satisfaction

October 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 98.9%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 12 97.4%

Professional Growth Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

October 2026 Investment Banking

  • Vice President (16) $429
  • Associates (56) $261
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (16) $161
  • 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

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