Best Response

I would imagine that the database providers would offer comprehensive training, however, you would not be gaining the experience received in a traditional investment bank, i.e., interaction with sales, trading, IB and clients. Getting C-level executives on the phone may be harder, as well. I would also imagine that the pay scale is much lower, and that moving into a sell-side boutique, middle market or BB firm would be only slightly easier than if you had no experience at all. You would still start at the bottom of the totem pole. Federal reserve employment would enable you to move into a financial institutions group on the sell-side, and would, IMO, carry more weight than the other options listed.

My $0.02.

 

I was under the impression Fed internships/jobs are useful more for economists than future finance professionals or bankers. Sure you'd get a first hand look at a lot of financial happenings but it isn't the same kind of work or atmosphere as a bank, or a firm like morningstar is it? Certainly though the name couldn't hurt...

 

Et quia quidem placeat temporibus asperiores assumenda similique. Et perferendis qui est magnam temporibus.

Accusamus et sunt vel aperiam. Nostrum quia voluptatem quia.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (145) $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...”