Go to first unread
Back
to top
***Official Investment Banking 2022 Summer Internship Thread***
Watch this thread
Poll: Which division are you most interested in?
IBD
(285)
37.25%
Sales
(35)
4.58%
Trading
(88)
11.5%
Research
(37)
4.84%
Structuring
(8)
1.05%
Quant Analytics
(59)
7.71%
Asset Management
(113)
14.77%
Private Wealth Management
(48)
6.27%
Technology
(49)
6.41%
Operations
(6)
0.78%
Risk Management
(27)
3.53%
Compliance
(10)
1.31%
kkllookkkk
Badges:
14
Rep:
?
You'll earn badges for being active around the site. Rep gems come when your posts are rated by other community members.
#61
Report
#61
(Original post by anonuser99)
Depends what firm but for most banks, they will pay you a pro-rated graduate salary (no bonus of course). For the front office roles in an investment bank (Research, S&T, IBD, CB etc.) that's around 40-60k depending on the firm. Apart from like prop trading and some hedge funds, you don't get much that pays higher.
Depends what firm but for most banks, they will pay you a pro-rated graduate salary (no bonus of course). For the front office roles in an investment bank (Research, S&T, IBD, CB etc.) that's around 40-60k depending on the firm. Apart from like prop trading and some hedge funds, you don't get much that pays higher.
0
reply
Finance and Accountancy Careers Content Blocks
anonuser99
Badges:
18
Rep:
?
You'll earn badges for being active around the site. Rep gems come when your posts are rated by other community members.
#62
Report
#62
(Original post by kkllookkkk)
Just to clarify I was asking about 2nd year internship which is for summers , no way it can be that amount 🤯
Just to clarify I was asking about 2nd year internship which is for summers , no way it can be that amount 🤯
E.g. salary of 52k, internship of 10 weeks = 52000/52*10 = £10k paid over the course of the internship.
0
reply
kkllookkkk
Badges:
14
Rep:
?
You'll earn badges for being active around the site. Rep gems come when your posts are rated by other community members.
#63
Report
#63
(Original post by anonuser99)
And that is what I was answering. I said pro-rated which means you only get paid proportionally for the length of the internship. 40-60k is a full years salary. Simply proportion those amounts to the 6-10 weeks you'd spend on a summer internship to get your pay.
E.g. salary of 52k, internship of 10 weeks = 52000/52*10 = £10k paid over the course of the internship.
And that is what I was answering. I said pro-rated which means you only get paid proportionally for the length of the internship. 40-60k is a full years salary. Simply proportion those amounts to the 6-10 weeks you'd spend on a summer internship to get your pay.
E.g. salary of 52k, internship of 10 weeks = 52000/52*10 = £10k paid over the course of the internship.
0
reply
rockfish
Badges:
9
Rep:
?
You'll earn badges for being active around the site. Rep gems come when your posts are rated by other community members.
#64
Hi guys,
I created a thread on bank cultures if you are interested in watching/contributing:
https://www.thestudentroom.co.uk/sho...6#post93790326
I created a thread on bank cultures if you are interested in watching/contributing:
https://www.thestudentroom.co.uk/sho...6#post93790326
0
reply
baizen2000
Badges:
7
Rep:
?
You'll earn badges for being active around the site. Rep gems come when your posts are rated by other community members.
#65
anonuser99
Badges:
18
Rep:
?
You'll earn badges for being active around the site. Rep gems come when your posts are rated by other community members.
#66
Report
#66
Check out my new guide on what to do if you don't secure a spring/summer internship:
https://www.thestudentroom.co.uk/sho....php?t=6940372
https://www.thestudentroom.co.uk/sho....php?t=6940372
0
reply
123xyz123
Badges:
13
Rep:
?
You'll earn badges for being active around the site. Rep gems come when your posts are rated by other community members.
#67
Report
#67
Hey guys, is it necessary to get a first in your 1st year of undergrad in order to get a summer internships in your 2nd year? Or is it ok to get a 2.1?
0
reply
anonuser99
Badges:
18
Rep:
?
You'll earn badges for being active around the site. Rep gems come when your posts are rated by other community members.
#68
Report
#68
(Original post by 123xyz123)
Hey guys, is it necessary to get a first in your 1st year of undergrad in order to get a summer internships in your 2nd year? Or is it ok to get a 2.1?
Hey guys, is it necessary to get a first in your 1st year of undergrad in order to get a summer internships in your 2nd year? Or is it ok to get a 2.1?
0
reply
uncritical
Badges:
7
Rep:
?
You'll earn badges for being active around the site. Rep gems come when your posts are rated by other community members.
#69
Report
#69
As if I've just seen a post on Linkedin that 17 firms (EB/BB/MMs) have opened up for summers. I hate it here lol
0
reply
Matt_4231
Badges:
4
Rep:
?
You'll earn badges for being active around the site. Rep gems come when your posts are rated by other community members.
#70
Report
#70
(Original post by uncritical)
As if I've just seen a post on Linkedin that 17 firms (EB/BB/MMs) have opened up for summers. I hate it here lol
As if I've just seen a post on Linkedin that 17 firms (EB/BB/MMs) have opened up for summers. I hate it here lol
0
reply
ravman123456
Badges:
11
Rep:
?
You'll earn badges for being active around the site. Rep gems come when your posts are rated by other community members.
#71
Report
#71
(Original post by uncritical)
As if I've just seen a post on Linkedin that 17 firms (EB/BB/MMs) have opened up for summers. I hate it here lol
As if I've just seen a post on Linkedin that 17 firms (EB/BB/MMs) have opened up for summers. I hate it here lol
0
reply
rockfish
Badges:
9
Rep:
?
You'll earn badges for being active around the site. Rep gems come when your posts are rated by other community members.
#72
(Original post by uncritical)
As if I've just seen a post on Linkedin that 17 firms (EB/BB/MMs) have opened up for summers. I hate it here lol
As if I've just seen a post on Linkedin that 17 firms (EB/BB/MMs) have opened up for summers. I hate it here lol
0
reply
silverswan2002
Badges:
10
Rep:
?
You'll earn badges for being active around the site. Rep gems come when your posts are rated by other community members.
#73
Report
#73
(Original post by ravman123456)
Think that this will be in the US
Think that this will be in the US
Last edited by silverswan2002; 1 year ago
0
reply
uncritical
Badges:
7
Rep:
?
You'll earn badges for being active around the site. Rep gems come when your posts are rated by other community members.
#74
Report
#74
(Original post by ravman123456)
Think that this will be in the US
Think that this will be in the US
(Original post by Matt_4231)
Link?
Link?
0
reply
anonuser99
Badges:
18
Rep:
?
You'll earn badges for being active around the site. Rep gems come when your posts are rated by other community members.
#75
Report
#75
US recruiting seasons starts around now for some firms. This has been happening for several years now, doesn't change anything about EMEA.
0
reply
username5581402
Badges:
15
Rep:
?
You'll earn badges for being active around the site. Rep gems come when your posts are rated by other community members.
#76
Report
#76
(Original post by rockfish)
Why do people keep on saying the conversion rate for JPM is 0%? It says on the website for spring weeks that "all programs feature the opportunity to be accelerated to an Assessment Centre for a 2022 Internship". Am I missing something?
Why do people keep on saying the conversion rate for JPM is 0%? It says on the website for spring weeks that "all programs feature the opportunity to be accelerated to an Assessment Centre for a 2022 Internship". Am I missing something?
2
reply
123xyz123
Badges:
13
Rep:
?
You'll earn badges for being active around the site. Rep gems come when your posts are rated by other community members.
#77
Report
#77
hey guys, im a first year maths and stats students
i wanna go into quant finance in the future
what would be the best summer internship divisons to apply for?
i know you can apply to jane street, citadel, jump trading, de shaw for specific quant internships, however they are extremely competitive
i know most bb don't do quant related internships, so which division would be best for me to apply to, in order to help me with my quant career
cheers guys i really appreciate it
i wanna go into quant finance in the future
what would be the best summer internship divisons to apply for?
i know you can apply to jane street, citadel, jump trading, de shaw for specific quant internships, however they are extremely competitive
i know most bb don't do quant related internships, so which division would be best for me to apply to, in order to help me with my quant career
cheers guys i really appreciate it
0
reply
anonuser99
Badges:
18
Rep:
?
You'll earn badges for being active around the site. Rep gems come when your posts are rated by other community members.
#78
Report
#78
(Original post by 123xyz123)
hey guys, im a first year maths and stats students
i wanna go into quant finance in the future
what would be the best summer internship divisons to apply for?
i know you can apply to jane street, citadel, jump trading, de shaw for specific quant internships, however they are extremely competitive
i know most bb don't do quant related internships, so which division would be best for me to apply to, in order to help me with my quant career
cheers guys i really appreciate it
hey guys, im a first year maths and stats students
i wanna go into quant finance in the future
what would be the best summer internship divisons to apply for?
i know you can apply to jane street, citadel, jump trading, de shaw for specific quant internships, however they are extremely competitive
i know most bb don't do quant related internships, so which division would be best for me to apply to, in order to help me with my quant career
cheers guys i really appreciate it
Projects help too, building your own stuff.
0
reply
123xyz123
Badges:
13
Rep:
?
You'll earn badges for being active around the site. Rep gems come when your posts are rated by other community members.
#79
Report
#79
(Original post by anonuser99)
S&T, research what desks are more quantitative. Consider doing tech internships too (like in actual tech firms). The quant is more important than the finance in "quant finance".
Projects help too, building your own stuff.
S&T, research what desks are more quantitative. Consider doing tech internships too (like in actual tech firms). The quant is more important than the finance in "quant finance".
Projects help too, building your own stuff.
0
reply
username5581402
Badges:
15
Rep:
?
You'll earn badges for being active around the site. Rep gems come when your posts are rated by other community members.
#80
Report
#80
is there any way to tell what day firms will open? I assume now is too soon but what about in a few months time?
0
reply
X
Quick Reply
