Investment Banking Summer Internships 2024: Open Applications & Deadlines (2024)

Calling all aspiring investment bankers! To ensure you get the best shot at securing work experience fornext 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

What is an Investment Banking Analyst?

Many investment bankers start their careers asfinancial 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 programsare 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 aregeared specifically towards second-year students.

The Application Process

Applying for an investment banking internship typically consists ofthree 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 theperfect 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 meansconveying 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:

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

Investment Banking Summer Internships 2025

Investment Banking Summer Internships 2024: Open Applications & Deadlines (2024)

FAQs

How hard is it to get into Goldman Sachs summer internship? ›

The Goldman Sachs internship program is highly competitive, and in 2022, Business Insider reported that Goldman Sachs received a record-high 236,000 applicants from around the world. Due to the high volume, it's expected that companies such as Goldman cut the majority of applicants during the resume screening.

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What is the acceptance rate for Morgan Stanley summer internships? ›

The acceptance rate for a Morgan Stanley internship is less than 2%. With tens of thousands of applicants per year, you have to stand out to get in.

Read On ›

What is the best time to look for summer internships? ›

We recommend starting to look for summer internships as early as the fall in anticipation of the following summer. This is because companies have different deadlines, and you want to ensure that you don't miss any important ones.

What are the odds of getting into investment banking? ›

The lucrative and fast-paced career of an investment banker is a highly competitive one. For instance, in a recent year, 236,000 applicants competed for roughly 3,500 internships at Goldman Sachs. This is common across the industry where acceptance rates for programs are typically less than 2%.

How many interns does JP Morgan accept? ›

Additionally, every year we welcome 3000+ interns and apprentices, helping them gain on-the-job experience and develop new skills.

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How hard is it to get a summer internship at Morgan Stanley? ›

Morgan Stanley Internships Are VERY Hard To Get Morgan Stanley's CEO James Gorman wrote in an internal memo that the bank received 90000 applications for summer analysts and associates, Bloomberg News Michael Moore reports. The bank extended offers to 1000 of those who applied. That's a 1.1% acceptance rate.

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What is the acceptance rate for internships at JP Morgan Private Bank? ›

JPMorgan accepts less than 1% of intern applications and trains everyone in LLMs. JPMorgan's investor day has had a lot to say already about its investment into bringing in new bankers and traders. It's also revealed some interesting facts about its training program.

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Does JP Morgan pay summer interns? ›

Average JPMorgan Chase & Co Intern hourly pay in the United States is approximately $31.32, which is 64% above the national average.

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What GPA do you need for JP Morgan internship? ›

A: We value diverse degree backgrounds and experiences and while a GPA 3.2 (or equivalent) in your undergraduate degree is preferred it is not required. Our training programs are designed to allow everyone, regardless of major studied to succeed.

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What GPA is too low for investment banking? ›

Yes, GPA matters! Bulge bracket banks and almost all other investment banks will look at your GPA when applying for a job and you should include it in your resume. Typically banks screen resumes based on GPA and will often remove anyone below 3.5.

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What is the easiest way to get into investment banking? ›

Earn a Bachelor's Degree

Investment bankers start by earning a bachelor's degree, usually in a field like business administration, finance or statistics. A bachelor's degree typically takes four years of full-time study. Students can also pursue an internship or gain work experience while completing the degree.

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What are the hardest investment banks to get into? ›

Goldman Sachs is often cited as the hardest investment bank to get into, due to its prestigious reputation, highly competitive hiring process, and rigorous standards for candidates in terms of experience, education, and skills.

What are the odds of getting a Goldman Sachs internship? ›

Though internship programs at the firm have always been competitive, this year marks a new level of selectivity. The investment-banking giant received a record 315,126 applications for its 2024 internship program and filled only 2,700 spots, according to stats provided by the firm. That's a hire rate of less than 1%.

Get More Info Here ›

What is the acceptance rate for Goldman interns? ›

A 0.8% acceptance rate for interns puts Goldman below JPMorgan's intern acceptance rate of 0.9%. It also puts Goldman well below the industry average acceptance rate of 1.47%, according to information for 2024 from the Bristol Tracker. Even so, it's easier to get into Goldman than other employers.

How competitive is Goldman Sachs Summer Analyst? ›

The good news is that it's easier to get any job at Goldman than an internship in particular. Last year, Goldman said its internship program received 236,000 applicants for just 3,000 open roles (an acceptance rate of.... 1.27% 👌).

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What is the acceptance rate for Goldman Sachs Superday? ›

While Superday is the final step in the interview process, it isn't a time to relax. Considering that Goldman Sachs is reported to have a 1.5% acceptance rate into its internship programs, and JPMorgan only had around 400 openings for nearly 50,000 applicants in 2021, landing a spot at a major bank is no easy feat.

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