If you’re a sophomore looking to win your 2023 investment banking summer analyst position, you’ve come to the right place. Through our network and monitoring of the recruitment process for 2022 investment banking summer analyst positions, we’ve been able to gather insights you may be able to find useful.
We’ve found that there are 220 positions offered 85 firms. Some firms (Centerview Partners and Lincoln International, to name a few), have one application link for all groups and offices. Other firms (Credit Suisse, Citigroup) will have applications for each group or office, sometimes totaling 10 or more applications. These firms include bulge bracket (JP Morgan, Credit Suisse), middle market (Jefferies, William Blair), independent boutique (Greenhill, Evercore), and regional/boutique firms. Click here to see these 220 positions. [also put banner or CTA on the page somewhere]
General Timeline for Applications
Please keep in mind that our expectations for the 2023 process are based on what we saw happen for the 2022 process. Each year we expect changes, so events may not play out exactly as they did in previous years. The first applications for 2023 investment banking summer analyst positions will likely be posted in September or October of 2021. While there may be a few banks that post in the fall of 2021, the applications won’t really get started until January 2022. Beginning in January 2022 you can expect to see anywhere from 10-60 new applications being posted in most months. We saw 15 new applications in June and 57 in April for the 2022 process, so application postings can be somewhat lumpy. Once an application is posted it can remain for as little as a week or two, or as long as six months.
For the most part, firms require you to apply directly to the application on their website. Some firms may use LinkedIn or other third party websites. Many companies will require you to create a log in to apply, whereas other companies will let you apply on the spot without creating a user profile. Most applications will include basic information such as name, university, GPA, degree, discipline, phone number, graduation month and year, etc. Most applications will also require you to upload a resume and cover letter. Additional requirements may include submission of your SAT, ACT, or other test scores, confirmation that you are authorized to work in the U.S., and your LinkedIn url.
If you are a diversity and inclusion candidate, you can opt to self-identify your status. Each firm handles this differently, but general categories tend to include some or all of the following: Women, Black/African American, Latino/Hispanic, Native American, Veteran, LGBTQ+, Differently Abled, Asian, and Native Hawaiian / Other Pacific Islander.
Most applications will include information on the company, pre-qualifications for the position, and key tasks and responsibilities of the position. Many candidates don’t spend much time on this and skip ahead to filling in the application. We highly recommend you spend some time here, as you can learn quite a bit. See
While monitoring when applications are posted is fairly straight forward, understanding when interviews will be conducted and when these firms will lock down their analyst classes is much harder to predict. There are a number of factors to consider, including which university you attend, whether or not the university you attend is a core recruiting university for the firm you are interviewing with, whether you are a diversity and inclusion candidate, the recruiting timeline of the firm you are interviewing with, and the size of the intern class at the firm you’re interviewing with. It’s a fairly complex ecosystem with a not of moving pieces. A firm that begins interviewing in February for 30 interns may have their intern class filled by March. A firm begins interviewing in June for 300 interns may have their intern class filled by November.