How competitive is it to break into ER vs IB?

See title. I wanna break into ER at a respectable investment bank or a boutique bank. I've been networking like crazy. Have a call next week with a ER Associate at CS and I'm currently exchanging emails with an Executive Directly of ER at CS currently and UBS

Background: EY Strategy and Transactions = 2020 for 7 months. 

Plan for Summer 2022 = EY Strategy and Transactions Internship. 

CUM GPA = 3.20 Non-target (had serious familial issues in 2020 which led to my GPA falling off a cliff) Major GPA 3.70+

I hope to apply for summer 2023 internship that leads to a full-time roll. 

What advice can you give me? 

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Comments (8)

Sep 12, 2021 - 11:42am

build out the strongest stock pitch you can. It should take you 40 hours of

1) getting familiar with the company

2) getting familiar with the industry

3) understanding current drivers of company performance

4) understanding growth strategy

5) evaluate the effectiveness of the growth strategy

6) find catalysts that will precipitate a change in the stock price over the next 12 months

7) model it out and place a valuation on it

Sep 12, 2021 - 10:31pm

You should be able to concisely make it into a one-pager that has all the relevant information. You will likely be asked follow up questions, multiple levels down you should be able to answer (hence the time spent building the "background" work for thesis), but for the actual "product" a 1 page report should be more than enough space to lay out your thesis.

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Sep 12, 2021 - 10:34pm

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