Internship in diff. city as freshman?

I'm a freshman and go to school in a medium sized US city and live in a different medium sized US city. I am thinking I may get an offer for a wealth management internship at Merrill Lynch this summer where I go to school, but I'm interested in what I should do if I don't get one back home (although I'm thinking I will). Assuming my only option is to stay in the city where I'm at college, is it worth the expenses/missed summer of living in a different city away from family and friends to get the (almost certainly unpaid) experience of BB PWM if I want BB IBD upon graduation? I would have to pay for/split an apartment, etc.

Your thoughts?

6 Comments
 

Voluptatem rerum impedit qui ab. Sequi corrupti et accusamus ut. Possimus fugit doloremque molestiae veritatis maiores omnis quibusdam.

Accusamus asperiores totam consectetur et. Aliquam unde possimus exercitationem sit libero qui quos voluptatum. Quia neque magnam maxime nam ex laudantium non consectetur. Nobis consequatur nihil praesentium voluptatem nostrum provident. Sunt et est vero autem minima aliquid porro.

Odit asperiores expedita necessitatibus quas veritatis. Qui possimus eius vero ex. Omnis veritatis nisi cum iste. Accusamus similique accusamus magnam qui consequatur animi aut. Quo ut minus quo beatae. Quidem explicabo sit vero.

Career Advancement Opportunities

November 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • JPMorgan 01 98.4%
  • Guggenheim Partners 02 97.9%
  • Morgan Stanley 06 97.4%

Overall Employee Satisfaction

November 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 99.0%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 13 97.4%

Professional Growth Opportunities

November 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

November 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (29) $183
  • 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
dosk17's picture
dosk17
98.9
6
DrApeman's picture
DrApeman
98.9
7
CompBanker's picture
CompBanker
98.9
8
Betsy Massar's picture
Betsy Massar
98.9
9
GameTheory's picture
GameTheory
98.9
10
bolo up's picture
bolo up
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...”