Not completely sure of the numbers but I met one guy one time who told me he was the only sophomore in his group when he interned so I'm guessing it's really competitive. One thing I know for sure though is that you need a really high gpa.

 

They only take 20 IBD sophomore interns (200 for junior interns) and the recruiting cycle for sophomores is a little pushed back compared to the junior internship. Interviews for sophomore should happen around August/September. Sources are from a campus recruiter and VP IBD. If you do a quick LinkedIn check, you'll see all the sophomore interns go to target schools so good luck with it if you're a non-target

 

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