SF vs LA vs NY offices application competitiveness

As a USC Marshall sophomore, I am currently deciding which office I should apply for the summer internship. Though I like NY the most, I believe, in overall, I would have a higher chance in applying for west coast offices but not applied to all firms. I aint sure about the competitiveness of different offices in terms of specific firms for example like MS/CS/Moelis/GS/PJT/Evercore/Lazard and other boutiques and banks etc. Therefore, I really hope to know more about the difficulty for specific firms maybe through knowing their SA classes, reputation, and your experiences. 

As my top priority is to secure a summer internship in a reputable firm and location is my second preference . Thanks so much for your help.

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 (4)

  • Intern in IB - Gen
Mar 27, 2021 - 5:25pm

Current senior going to be going to top BB/EB in New York after doing my junior year SA there, if you're not in TIS Mentorship you won't make it to NY, plain and simple. You also need to be a stellar candidate, I had a 3.9 GPA with three IB internships at a reputable MM for freshman summer, boutique during the fall/spring and sophomore summer BB. I also networked my ass off, talked to over 150+ bankers in NY

That being said, focus your time in SF and LA. If you have a good profile you should be able to land interviews at most banks and secure an offer. NY from USC is a different animal. 

Mar 27, 2021 - 6:06pm

Thanks for your advice. It is pretty useful and I ain't sure how competitive is my background. I had a 4.0 gpa and have done a reputable real estate corporate finance internship during freshman year, one hedge fund internship last winter, and currently working for a small boutique during spring. Since I didn't apply for mentorship for certain reasons, not sure whether my profile could get me an internship.

Mar 27, 2021 - 8:58pm

NYC is very competitive, but you have good stats so why not apply and see what happens. Good luck. 

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

  • 1
Start Discussion

Total Avg Compensation

April 2021 Investment Banking

  • Director/MD (9) $911
  • Vice President (34) $348
  • Associates (183) $233
  • 2nd Year Analyst (104) $151
  • Intern/Summer Associate (95) $145
  • 3rd+ Year Analyst (26) $145
  • 1st Year Analyst (390) $132
  • Intern/Summer Analyst (317) $82