Summer Analyst Exit

What’s up, first time on WSO. I have a summer offer for S&T and my question is how can I transition into IB or ER for full time in a different city? I want to make a jump from NY to Chicago for full time and I wanted to know if anyone here has been successful in doing so and what their experiences have been. Appreciate any and all feedback.

3 Comments
 
Most Helpful

Not super complicated and there’s no special advice to approaching this. You just need to start networking, get a return offer, and hope that the groups where you have contacts have spots to fill. 
 

I personally waited until about 1/3-1/2 way through the internship to start recruiting (bad look to want to leave your current role before you start), and reached out to people from the same and different banks. I then let all of these contacts know when I got a return offer and said that “although I enjoyed my experience in XYZ this summer I think ABC is a better fit”.

groups don’t normally know what their hiring needs are until interns have accepted/rejected their return offers (august, September) and its only at that point where interviews can begin

 

It's possible but not common, S&T is really different from IB and you'll be competing against people with IB return offers. Also, switching both division and location is a little tricky, and you should have ties (family or went to college) to the Chicago area.

Hopefully you're at a BB which are better about internal mobility / will take care of you a bit more. You need to network hard right as your internship starts and have a solid why for the switch.

 

Nulla et culpa enim est dolor molestias quod et. Quae consequatur delectus unde perferendis praesentium dignissimos. Ab consectetur adipisci et aut cupiditate qui labore a. Praesentium deserunt ipsum sunt omnis.

Nesciunt error optio explicabo repudiandae qui earum deserunt. Debitis et a ratione dolorum provident. Voluptas blanditiis ad quia ad et officiis. Qui commodi itaque illo necessitatibus. Ut sed qui sapiente quia. Sapiente eum qui quae distinctio. Repudiandae est at molestias et.

Career Advancement Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Goldman Sachs 01 97.8%
  • Morgan Stanley 07 97.3%

Overall Employee Satisfaction

September 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 98.9%
  • Evercore 01 98.4%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 07 98.4%
  • Goldman Sachs 01 97.8%
  • JPMorgan No 97.3%

Total Avg Compensation

September 2026 Investment Banking

  • Vice President (16) $429
  • Associates (51) $260
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (26) $182
  • Intern/Summer Associate (14) $159
  • 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

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...”