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Investment Banking Summer Internships 2024: Open Applications & Deadlines

By Sophie Harrup |

December 6, 2023

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

Goldman Sachs 2024 Summer analyst internsip programme – Deadline: Ongoing

Goldman Sachs 2024 Summer associate programme – Deadline: Ongoing

Goldman Sachs 2024 Off-cycle internships – Deadline: Ongoing

Lazard Investment Banking Summer Associate 2024 (Chicago) – Deadline: Ongoing

Lazard Investment Banking Summer Associate 2024 (Houston) – Deadline: Ongoing

Lazard Investment Banking Summer Assoicate 2024 (Minneapolis) – Deadline: Ongoing

Lazard Investment Banking Summer Associate 2024 (San Francisco) – Deadline: Ongoing

Lazard Investment Banking Summer Associate: M&A and Restructuring (New York) – Deadline: Ongoing

Lazard Investment Banking Summer Assoicate 2024 (Los Angeles) – Deadline: Ongoing

BofA Global Investment Banking Summer Associate Program – 2024 – Deadline Dec 30

BofA Latin America Global Investment Banking Summer Associate Program – 2024 – Deadline Dec 30

Investment Banking Summer Internships – EMEA

J.P Morgan Corporate & Investment Bank – Investment Banking Analyst Program – Off Cycle Internship (Frankfurt) – Deadline Nov 24

Morgan Stanley 2024 Investment Banking Full Time Analyst Programme (Frankfurt)- Jan 31

UBS 2024 Graduate Talent Program – Global Banking – (Frankfurt)

Citi 2024 Investment Banking, Placement Analyst, Zurich, (Switzerland)

Citi 2024, EMEA, Investment Banking, Placement Analyst, Frankfurt, (Germany)

Citi 2024, EMEA, Investment Banking, Placement Analyst, (Milan, Italy) – February intake

Citi 2024 EMEA Investment Banking, Summer Associate, (London, United Kingdom)

Investment Banking Summer Internships – APAC

BofA Global Investment Banking Summer Analyst – 2024 – (Seoul) – Deadline Dec 25

BofA Global Investment Banking Off-Cycle Internship – 2024 (Mumbai) – Deadline Jan 14

BofA Global Investment Banking Summer Associate – 2024 – (Hong Kong) – Deadline Dec 25

Morgan Stanley 2024 Investment Banking MBA Associate Program (Sydney) – Deadline Dec 31

Morgan Stanley 2024 Investment Banking Summer Analyst Program (Taipei) – Jan 21

Morgan Stanley 2024 Investment Banking Off-cycle Internship (Dubai) – Deadline Nov 30 2024

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.