They are a good firm with a solid reputation. See: https://mergersandinquisitions.com/top-investment-banks/

Possibly, yes. I doubt that deal activity will be anything like it was in 2021. It may be a bit better than this year, but there are too many unknowns to say, as governments worldwide appear to be doing everything possible to crash their economies.

Hey Brian, love your articles. What is your opinion on the ‘23 summer and conversion rates for someone going into a BB summer analyst internship? Will there be less return offers possibly?

It’s extremely difficult to do this, but normally you want to be networking with contacts at other banks going into the internship, keep at it, and then ask about recruiting toward the end when you find out about return offer status. But it’s tricky because different banks notify people at different times, and everyone else is also trying to switch firms, so especially in a down market, it’s difficult to switch banks.

If you’re already starting your junior year and have no previous finance internships, it is basically too late to win the IB summer internships at large banks that convert into full-time offers. So the best idea here would be to gain internship experience in other areas (corporate banking, Big 4, valuation, etc.) and maybe target some boutique firms in your area first. You can then try to win a full-time role in one of the related areas and use lateral hiring to get into IB. Please see:

https://mergersandinquisitions.com/how-to-cold-email-for-an-internship/

I’m currently about to start my junior year this fall at a non target (transfer student) and was wondering should I even consider applying to local boutique firms in the area? What should I put on my resume if I have 0 relevant work experience? I’ve also extensively researched alumi who are in IB at the moment, but it’s only a handful. Would the best course of action be to gain relevant financial experience in the workforce and then shift to IB?

Sorry for the barrage of questions but I’ve been worried for weeks on end.

Thanks,
Maxime

I think your chances are fairly good. The lack of a previous IB internship at a boutique firm hurts you a bit, but the Big 4 and PE experience offsets that (though they tend to discount it a bit if it was in EE).