iBanking recruiting basic info

I'm sure this topic is well-tread, but I'd love for someone to point me in the right direction. I'm looking for information on iBanking / consulting recruiting. I am a junior at a top university (a step below HYPSM) with a 3.6. I'm also a varsity athlete. Mostly looking for information about application process and what firms to target. Any help is appreciated

WSO Elite Modeling Package

  • 6 courses to mastery: Excel, Financial Statement, LBO, M&A, Valuation and DCF
  • Elite instructors from top BB investment banks and private equity megafunds
  • Includes Company DB + Video Library Access (1 year)

Comments (10)

  • Intern in PE - LBOs
Nov 22, 2021 - 11:22am

Are you expecting people to google this information for you and post it here?

  • Intern in PE - LBOs
Nov 22, 2021 - 3:48pm

I promise you its faster to just look it up instead of waiting for people to paraphrase the results for you. This is probably the single most thoroughly covered banking question ever.

Nov 22, 2021 - 11:24am

If I were you I'd personally delay graduation by a semester to recruit for internships, as pretty much every bank except for regional shops with like 50 employees are finished recruiting. Recruiting for the summer of 2023 starts in only a few months. Also try and get something for this summer, even if it's just in the finance department at a company or something, that will help you a ton. You can 100% break in considering you're at a top school and a varsity athlete if you hustle

Learn More

300+ video lessons across 6 modeling courses taught by elite practitioners at the top investment banks and private equity funds -- Excel Modeling -- Financial Statement Modeling -- M&A Modeling -- LBO Modeling -- DCF and Valuation Modeling -- ALL INCLUDED + 2 Huge Bonuses.

Learn more
Nov 22, 2021 - 11:35am

Yes you can recruit full time. You are expected to know more, it's also a bit less structured, but you're competing against much fewer people. I would say don't target any of the top firms, just try and get into ibanking anywhere even if it's a firm no one has heard of. You can always lateral to a better bank after a year, the part that is hardest is just getting the first job

Nov 22, 2021 - 11:33am

The process is pretty much wrapped up for 2020 besides regional boutiques and some random open spots.

RBC opened for 2023 SA 

EB will open February / March 

Larger MM and Industry Boutiques Blair, Leerink, Houlihan, Baird, Raine, etc. all will open February - April 

BB - June/July/August (MS,GS,JPM,etc.) Some MM as well.

RJ - August/Septemeber 

HW - September/October 

If you are at a top target you will have campus recruiting so will be more clear.

  • Analyst 2 in IB - Cov
Nov 22, 2021 - 11:35am

If you don't want to delay graduation you should network and get ready to recruit for full-time. There will be some FT spots and since you're at a target you have a good shot at one of those if you prepare.

Should really poke around on this site for previous threads, can also look up the M&I article on it.

Nov 22, 2021 - 11:39am

Soluta et voluptate facere a quo dolorum fuga. At earum doloremque cumque necessitatibus sit quis odio eum.

Quis dignissimos architecto facere ut quasi. Corporis cupiditate aut voluptatem placeat harum ullam necessitatibus. Hic eum itaque est est et. Qui non dolores quia architecto nesciunt aut repellat. Facilis deserunt ut a et voluptates. Rerum asperiores consequatur qui perspiciatis praesentium.

Start Discussion

Total Avg Compensation

November 2021 Investment Banking

  • Director/MD (10) $853
  • Vice President (40) $360
  • Associates (234) $234
  • 2nd Year Analyst (144) $156
  • 3rd+ Year Analyst (34) $154
  • Intern/Summer Associate (107) $146
  • 1st Year Analyst (512) $136
  • Intern/Summer Analyst (393) $83