Q&A: Bulge Bracket IB Summer 2020

Hello everyone, In order to keep the thanksgiving spirits going I would like to follow suit with the other MBB Q&A that was live on this forum. I was fortunate enough to receive an investment banking summer analyst offer at a bulge bracket recently and this website was instrumental in my preparation for recruiting. I simply wish to provide insight for those who are getting ready for SA2021 recruiting in the near months.

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 (47)

  • Intern in IB - Gen
Dec 2, 2019 - 4:38pm

I obviously can't speak for what firms are looking for but I can share some observations about the people that were at superdays with me and what I think led to offers.

The kids I met were always a combination of well spoken and connected, academically accomplished, or hustled really hard and had combinations of great work experience or unique experiences that made them stand out.

I think being a natural hard worker (demonstrated through resume), knowing your place (see: not being a know-it-all), and being personable are key traits that can lead to success at superdays.

Everyone knows that the work itself is not very intellectually demanding and that being a team player while being able to put in the necessary hours is more important. There was definitely a huge focus on fit at most places I interviewed. You can stumble on a few technicals, but if you can't pass the airport test you're done.

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
Dec 4, 2019 - 3:39pm

"I think (...) knowing your place (see: not being a know-it-all)"

The kid who has an offer from a BB and feels that somehow that alone makes him/her qualified to give recruiting advice giving advice on not acting like you know it all. The irony.

  • Intern in IB - Gen
Dec 2, 2019 - 4:40pm

I reached out to alumni with interesting backgrounds that I genuinely wanted to get to know. I think this is the best approach towards networking. One strong connection is better than 3-4 half-assed relationships with people at firms.

Networking will naturally take you far along the process: it can lead to interviews, can be brought up in interviews, and can even be a deciding factor at the roundtable when comparing candidates ("who knows this guy")

Dec 2, 2019 - 5:38pm

Step 1: book appointment on calendar during PEAK MARKET HOURS

Step 2: Leave to go to said appointment, but actually go to a secluded handicap bathroom (MAKE SURE TO BRING NOTEBOOK, PEN, AND SUIT JACKET TO MAKE IT LOOK LEGITIMATE)

Step 3: crank it like Soulja boi, BUT DONT USE BYOD WIFI YOU FOOL!!!

Step 4: Return to desk rested, relaxed, and just a lil bit sweddy ;)

  • Intern in IB - Gen
Dec 2, 2019 - 5:30pm

I posted this because anecdotal posts like this helped me when I was learning about the industry and wasusing this site more often. Anecdotal experiences > M&I boilerplate article on how to break into the industry

  • Intern in IB - Gen
Dec 2, 2019 - 5:10pm

Saying this to help but you're the type of person who doesn't get a return offer and then blames it on bad luck. Hopefully you're able to mature before summer starts.

Dec 2, 2019 - 6:06pm

LinkedIN:

"Hey guys I got offers from firms A, B and C. After careful consideration I decided to choose firm A for SA 2020. I am beyond thrilled to join this firm (not that the other firms aren't reputable in their own way of course). I am letting my professional network know of this amazing internship experience. Wall Street here I come!

Headline: Incoming IB Summer Analyst at Firm X in Division Y

Description: Will be preparing crucial materials that firm depends on. Will be using Advanced modeling techniques and proficient formatting skills to predict/determine and analyze future businesses.

Array

  • 7
Dec 2, 2019 - 11:08pm

I thought this was a great idea and a way to give back to the community. I appreciate your efforts for an AMA. WSO and posts like this were instrumental for landing my summer gig. If nothing else, just for reassurance and getting rid of the jitters.

Thanks, happy thanksgiving!

Dec 3, 2019 - 11:45am

Can someone pls check out the thread I posted. Not much on WSO about it, and I would greatly appreciate anyone's help

Array
Dec 3, 2019 - 10:48pm

Et sit illo cumque aspernatur non provident accusantium. Voluptates non ut voluptatem laborum quis accusamus.

Itaque quidem vitae molestias est. Occaecati eos vero fuga aperiam. Non eveniet molestiae sint esse modi voluptatibus. Ipsam exercitationem eum optio et ut. Repellat repellat ut tenetur est nobis et.

  • Intern in IB - Gen
Dec 5, 2019 - 12:45am

Neque tempora dolor necessitatibus necessitatibus dicta. Autem est repellat sed optio unde qui dolor. Delectus non facilis adipisci. Perspiciatis maiores et aliquam sit alias soluta sit. Consequuntur non et fuga molestiae tempore totam eaque.

Soluta qui totam aperiam nihil nobis vero. Nam est qui odit. Magnam eaque unde nostrum molestias voluptas nihil quis. Earum earum rerum atque vel iusto porro ipsum.

Ut quis ut ad rerum molestias cupiditate et. Saepe ipsam cupiditate et corrupti repellat aspernatur eos non. Aut consequatur dolores rerum. Quo animi ut error consequatur velit.

Ut commodi consequatur sit ea. Non totam ipsa ea accusamus unde distinctio. Ratione ipsum atque dicta eligendi nemo doloribus sed. Corrupti dolore magni labore temporibus ea quia esse.

Dec 10, 2019 - 7:13am

Optio soluta alias velit eligendi dolor consequuntur harum. Aut minus culpa cumque neque. Quam eum ut dolorem reprehenderit harum saepe.

Mollitia consectetur et quos omnis repudiandae quasi. Asperiores aut optio magni eum ut nam. Officiis exercitationem quas autem sint esse mollitia natus. Ipsum cum laudantium ut sit quo sint explicabo perspiciatis.

Aliquam velit qui ut deserunt sit hic. Sequi consequatur molestiae voluptatibus velit voluptas consequatur impedit officia. Non odit dolore molestias tempore voluptas. Sed non natus et laboriosam fuga. At est et nemo consequuntur. At nemo aut sed.

Start Discussion

Total Avg Compensation

September 2021 Investment Banking

  • Director/MD (10) $853
  • Vice President (38) $367
  • Associates (220) $232
  • 2nd Year Analyst (133) $153
  • 3rd+ Year Analyst (30) $147
  • Intern/Summer Associate (103) $143
  • 1st Year Analyst (484) $135
  • Intern/Summer Analyst (376) $82