Calling all aspiring investment bankers! To ensure you get the best shot at securing work experience for next year, we’ve compiled a list of open opportunities from the biggest Wall Street firms, including Morgan Stanley and J.P. Morgan.

Investment Banking Summer Internships – Americas

Barclays Banking Analyst – Expert Summer Intern (Americas)

Citi Summer Analyst 2023 – (Atlanta, North America)

Credit Suisse Summer Analyst Investment Bank – Capital Markets & Advisory – Americas

Deutsche Bank Analyst Internship Programme (New York)

Evercore Investment Banking Summer Analyst Program – New York, Houston, Menlo Park, Chicago

Goldman Sachs Summer Analyst Program (Americas)

HSBC Investment Banking Internship (Deadline 30th September – New York)

J.P Morgan Corporate & Investment Banking Summer Analyst Program (Deadline 1st October – Calgary)

J.P Morgan Corporate & Investment Banking Summer Analyst Program (Deadline 1st October – Latin
America)

J.P Morgan Corporate & Investment Banking Summer Analyst Program (Deadline 1st October – North
America)

J.P Morgan Corporate & Investment Banking Summer Associate Program ( Deadline 20th December – Americas)

J.P Morgan Investment Banking Analyst Internship (Deadline 1st October – USA)

Jefferies Group LLC Investment Banking Summer Analyst Program (San Francisco)

Morgan Stanley Investment Banking Summer Analyst Program (Canada)

Morgan Stanley Investment Banking Summer Analyst Program (New York)

BNP Paribas Summer Analyst Internship (New York)

UBS Summer Analyst Program (Deadline – 31, October New York)

UBS Summer Analyst Program (Deadline 30, September – Houston)

Investment Banking Summer Internships – EMEA

Credit Suisse Summer Analyst Investment Bank – Capital Markets & Advisory (EMEA)

Credit Suisse Off-Cycle internship (EMEA)

Deutsche Bank Seasonal Internship Program September (France)

Goldman Sachs Summer Analyst Programme (Deadline – 10th November EMEA)

Goldman Sachs Summer Associate Intern Programme (Deadline – 10th November EMEA)

Goldman Sachs Off-Cycle Internships (EMEA)

Morgan Stanley Investment Banking Off-cycle Internship (Frankfurt)

Morgan Stanley Investment Banking Off-cycle Internship – Real Estate Banking (Paris)

Morgan Stanley Investment Banking Off-cycle Internship (Madrid)

Investment Banking Summer Internships – APAC

Credit Suisse Summer Analyst Investment Bank – Capital Markets & Advisory – Singapore

Goldman Sachs 2023 Summer Analyst Internship (Deadline – 9th October Asia)

Morgan Stanley Investment Banking Summer Analyst Program (Deadline 2nd August – Sydney)

Morgan Stanley Global Capital Markets Summer Analyst Program (Deadline 2nd August – Sydney)

Rothschild&Co Global Advisory Internship (Dubai)

Rothschild&Co Debt Advisory & Restructuring, Long-term Internship (Dubai)

What is an Investment Banking Analyst?

Many investment bankers start their careers as financial analysts. This is the entry-level position for graduates looking to break into investment banking and is a two-year long program, which begins in the late summer. If the analyst performs well this may extend to three years, and later to associate level.

Spring Weeks Vs. Summer Internships

Spring week programs are aimed at first year students on a three-year course, and second year students on a four-year course. On the other hand, summer internships are geared specifically towards second-year students.

The Application Process

Applying for an investment banking internship typically consists of three main stages:

  • Submitting your resume online or through contacts you have made.
  • Attending first-round and, occasionally, second-round interviews. The first-round might be conducted through HireVue or similar.
  • If lucky, being invited to attend a Superday/assessment center.

Sometimes, you will also be expected to complete some form of psychometric testing.

Former investment banking intern, Emily Massey, shares her experience of the application process in an interview with FE founder, Alastair Matchett.

Investment Banking – Resume Tips

Before you apply, it’s essential that you prepare the perfect investment banking resume. Anish K. Mitra, ex-Head of IBD Learning & Development (Americas) at Goldman Sachs, recommends the following:

Your resume should read like a menu and feel like a movie

Rather than reading like public company filings, your CV should help recruiters visualize who you are through specific examples. This means conveying what you’re good at and what you stand for.

The winning formula

Once you have listed all of the values and experiences you want to include, you can use this formula to transform these into concise bullets that clearly state your achievements:

[ACTION] + [OUTCOME] = [AFTERMATH]

For example:

[CREATED OUR FIRST EVER RECRUITING CAMPAIGN FOR THE PARLIAMENTARY DEBATE TEAM] + [ALLOWED US TO DOUBLE TO 20 MEMBERS] = [LED TO TWICE AS MANY AWARD-WINNING FINISHES (10) IN 2020]

Once written out, this would read:

“Created our first ever recruiting campaign for the parliamentary debate team, allowing us to double to 20 members. Led to twice as many award-winning finishes (10) in 2020.”

Before you submit your resume, remember…

  • Keep to one page.
  • Check for any spelling, grammar or formatting mistakes.
  • Use simple fonts.
  • Include your name and contact information at the top, as well as sub-headers such as ‘Education’.
  • Mention specific hobbies and interests – these will help you to come across more human and less like a robot.

Preparing for Your Investment Banking Interview

Discover what to expect in the interview process, how to nail the technicals, tricky brainteasers, and ‘your fit’ questions in our latest course, Investment Banking Interview Skills! Plus, this course also features example videos of successful answers.

Watch the course intro with expert instructor Gerard Kelly below!

Follow the link here to start learning today!

Introductory Questions

Make sure you prepare well in advance and turn up to your investment banking interview armed with answers to possible questions.

Introductory questions are used to evaluate your understanding of the industry and the role you are applying for. Examples include:

  • “Why are you interested in banking and which part?”
  • “Tell me why you want to join us?”
  • “Tell me what an investment bank does.”
  • “Walk me through your resume.”

To answer these successfully, you must discuss your academic achievements, what piqued your interest in investment banking, what you have done to develop a foothold in the industry and where you’d like to see yourself in the future.

Professional Questions

These are designed to quiz you on your strengths and weaknesses, so the interviewee can decide whether you are an ideal fit for that company. Examples of these questions are below:

  • “Tell me about a team activity you helped to lead.”
  • “Take me through an experience which was particularly challenging.”

Investment banking and teamwork go hand in hand, and with long hours working on deals together, it’s important you come across as likable and hard-working.

Prepare yourself to be grilled on any pitfalls which are apparent in your resume. Make sure you are aware of your shortcomings and demonstrate why the interviewee should overlook these.

Technical Questions

Valuation Sample Questions

  • A client is considering selling to a competitor or doing an IPO, what is the valuation difference?
  • What differences would you expect between the results of a comps and a DCF valuation?

Financing Sample Questions

  • What is an LBO and why do they happen?
  • What are the benefits of doing a spin-off rather than a trade sale?

M&A sample questions

  • What factors influence the control premium an acquirer might pay?
  • Which financing will result in a higher Pro-forma earnings per share post-acquisition?

Explaining your thought process is just as important as the final answer. To prepare for these questions, you can visit our online store where there is a variety of learning materials, including online courses and publications.

Tips for Brain Teaser Questions

You may also find that your interviewee asks you to solve some brain teaser questions. This is to assess your overall common sense.

Top tips to remember while answering these kinds of questions:

  • Repeat the question to give yourself time
  • Ask for assumptions/clarification if necessary
  • Break down your thought process – you don’t need to get to the exact answer necessarily

Former intern, Emily Massey, discusses her experience interviewing at a top 4 investment bank.

Top 4 Tips for Bossing Your Internship From an Investment Banker

Once you’ve landed an internship position, you’ll be looking to secure a return offer to become a full-time analyst. We asked an M&A banker at a global US investment bank to share their top tips on excelling in an investment banking internship. Here’s their advice:

1) Be Able to Learn Quickly & Ask Questions

It is likely that you will make a few mistakes along the way, we’re only human. However,  investment bankers will be looking to see whether you are able to avoid making the same error twice. As soon as you suspect something is wrong, ask for help.

2) Be Diligent and Demonstrate Attention to Detail

It is essential that you take precautions to avoid making mistakes in the first place. Ask for a peer review from another intern or print out your work and check it before submission. This will show the full-timer’s that you care about delivering the best result.

3) Be Curious

The whole point of taking an internship is to learn as much as you can about the job role and all it entails. You must ensure you listen where necessary, and always possess a good attitude.

4) Demonstrate a Willingness to Work

You need to pull out all the stops if you want to differentiate yourself from other interns. Investment banks value self-starters so always seek out new work and exceed expectations.

Be the Stand Out Candidate with Wall Street Recognized Certification

Demonstrate to recruiters that you have what it takes to succeed as a summer analyst with The Investment Banker micro-degree. Designed by 5 expert instructors with over 100 years of combined experience, this course reflects the same training given to new hires at the top 4 investment banks. Learn the core financial accounting, modeling, valuation and dealmaking skills needed to excel in any technical interview. On completion, you will also be able to join our prestigious alumni network alongside the world’s top analysts.

Discover more career resources and tips below:

Ultimate Guide to Investment Banking Summer Internships – Infographic

Careers in Finance – Breaking into Investment Banking

Investment Banking Career – What to Do in Your 1st Year of University

Investment Banking Careers – Spring Week Internships