Investment Banking in Brazil

 

The bulk of IB in Brazil is based on 3 main categories:

• LatAm offices of BBs
• Local big banks (e.g. Itau, Banco Bradesco etc.)
• Local M&A advisors (e.g. BR Partners, Leme Partners etc.)

BBs and large local players have pretty structured recruitment with positions going live on their websites with a certain degree of cyclicality. Small advisory boutiques hire on a need and rolling basis. 

Thanks for the input! I am aware that  banks in Brazil tend to have 1-year internships for local students. Do you know if these players also typically have a structured summer internship? Or are summer interns hired on a need basis (through networking)? 

 

Hey! Brazilian here and an IB analyst at a BB in NYC.
From everyone I've met from the Brazil office, all were part of this one year internship program. However, I know I few that interned (the regular 9-10 week internship) with the LatAm group out of NYC, worked with the Brazil team on local/international deals, and later either went on to do the same full time or transferred to the Brazil office.

If that's something you're interested in, recruiting has the same calendar as that in the US, but you apply for the LatAm group instead, which has a separate application. Knowing Spanish or Portuguese is either a requirement or recommendation, although I've not used either for anything else besides some VERY occasional googling. Let me know if you have any other questions - happy to help!

Hey, thank you for the reply! So joining the one year internship seems to be the common route to get the grad position. Do you mind if I ask if you have started in Brazil and then moved to NYC?

That is quite interesting, do you recommend applying to NYC office for the LatAm group then? I hold an European passport and thought it'd be easier to get a visa in Brazil than in the US, do you know if this is the case? The recruitment cycle for this year is closed, isn't it?

Thank you!