The 2024 investment banking summer analyst recruitment has already started in 2023, with major banks like J.P. Morgan and Morgan Stanley opening applications. This is a key internship program for students looking to enter investment banking full-time. Landing a top summer analyst role requires extensive preparation, including having relevant internship experience, networking early, and showcasing strong technical skills. Key actions include researching banks’ early recruitment programs, especially diversity and sophomore initiatives, as well as promptly applying to open positions. Excelling in assessments and interviews is also critical. With proper planning and effort, students can obtain 2024 investment banking summer analyst offers and fast track into full-time analyst roles.
J.P. Morgan kicks off 2024 investment banking summer recruitment in December 2022
J.P. Morgan set the pace by opening 2024 summer analyst applications in December 2022, a full two years ahead of the internship itself. This highlights banks’ preference to hire candidates earlier in order to train and develop future full-time bankers. J.P. Morgan’s program runs for 9 weeks and those with outstanding performance can obtain full-time job offers right after, cementing the importance of this internship.
Morgan Stanley Asia Pacific also moves quickly with multiple early programs
In Asia Pacific, Morgan Stanley is running multiple early recruitment initiatives catering to investment banking, sales & trading, and technology interests. Programs open to sophomore women include Women Who Inspire Series, Future Female Traders, and Women4Tech events spanning topics like leadership, markets, and coding. These provide valuable exposure, training, networking with senior bankers, and potential fast-tracking to later interview rounds.
Timing and eligibility are crucial considerations
While application deadlines span 2023, timing is essential as most programs recruit on a rolling basis. Eligibility criteria like GPA cutoffs, graduation date ranges, and prior relevant experience must also be examined. For instance, Bank of America’s technology summer analyst roles require at least penultimate year standing and target those graduating between August 2023 to July 2024. Clarifying such parameters early is key.
Technical expertise and assessment performance are imperative
Beyond eligibility, students must also showcase strong technical capabilities and problem-solving skills to shine in banks’ challenging case interviews and online assessments. As shared by WST students, Nomura’s Hong Kong office conducted intensive 45-minute interviews with only investment banking questions aside from internship discussions. Solid technical knowledge across accounting, valuation, financial modeling is thus vital.
The 2024 investment banking summer analyst recruitment season promises intense competition. By researching early talent programs, networking proactively, applying promptly when positions open, and preparing meticulously for events, tests and interviews, students can obtain an edge and successful jumpstart their investment banking careers.