With the highly competitive nature of investment banking recruitment, landing a 2024 investment banking internship in 2023 requires early preparation and strategic planning. This article will provide insights into the 2024 investment banking internship landscape and share actionable tips on how to successfully secure spots at top investment banks like Goldman Sachs, JPMorgan, Morgan Stanley, Citi, Credit Suisse and more. We will cover key application timelines, recruitment trends, interview preparations, networking strategies, resume optimizations and other critical success factors. Whether you are a sophomore or junior interested in getting a headstart or a senior gearing up for this internship season, this guide on 2024 investment banking internships 2023 will equip you with the right strategies and knowledge.
Citi and Morgan Stanley kickstart 2024 recruiting in May 2022
The 2023 internship recruitment season kicks off extremely early, with banking giants like Citi and Morgan Stanley already opening 2024 summer analyst programs in May 2022. Citi posted its 2024 Americas ICG Summer Analyst role on May 10 while Morgan Stanley’s 2024 summer analyst role went live on May 11. This signals fierce competition in 2024 recruiting, so preparation must start right away. Check firms’ websites and LinkedIn frequently for any 2024 role updates.
Leverage early diversity programs for expedited interns hiring
Investment banks are emphasizing diversity, with special programs for women, Black, Hispanic and LGBTQ+ candidates that fast-track into internships. JPMorgan and BAML kicked off diversity events for 2024 programs in Nov 2022. Goldman Sachs will host its Empowering Women’s Conference in Feb 2023. These provide inside access to recruiters so utilize them for your 2024 bid.
Secure finance internships to strengthen your profile
Gaining finance-related experience before junior year summer is crucial. Apply for competitive on-campus finance clubs and relevant internships at smaller firms. Building a solid profile will help you pass resume screening. Relevant experience also prepares you for technical questions.
Start networking early with alumni and recruiters
Networking is invaluable for landing investment banking internships. Attend info sessions and coffee chats to connect with alumni and recruiters early. Maintain these relationships through thoughtful follow-ups. Referrals can help fast-track your candidacy so networking should commence 18 months before your internship.
Prepare diligently for interviews and assessments
Interview preparation is key to investment banking recruitment success. Thoroughly research firms and roles and practice finance technical and markets questions. Excel modeling skills must be razor-sharp. Acing online assessments involving verbal, numerical, logical ability tests will improve your candidacy.
Landing highly coveted 2024 investment banking internships require meticulous preparation across multiple fronts – networking, technical skills, interviewing techniques, resume optimization and application strategy. The earlier preparation commences, the higher the likelihood of securing spots at top-tier global banks. Perform extensive research, self-study, attend events and network to get shortlisted. Continuously upgrade knowledge, practice mock interviews and assessments to ultimately gain an advantage.