With the arrival of summer 2023 and 2024, investment banking internships are opening up around the world. These internships provide invaluable opportunities for students to gain experience at top firms like Goldman Sachs, JPMorgan, Morgan Stanley, Citi, Credit Suisse, etc. By interning at these elite banks, students not only acquire technical skills like financial modeling and valuation, but also develop soft skills like communication and teamwork. This article will summarize the key application timelines, interview preparations, and insider tips for securing 2023 and 2024 investment banking summer internships globally.
Hot 2023 investment banking summer internships in US and APAC
In the US, most large investment banks have already closed 2023 summer internship applications, with final rounds happening now. However, some banks like Bank of America and Wells Fargo still have apps open until January 2023. In Asia Pacific, banks like Morgan Stanley, Goldman Sachs, and Citi in Hong Kong and Singapore are recruiting now for 2023 summer internships, with deadlines in October-November 2022. Key focus areas are investment banking, markets, and capital markets roles. Preparing technical questions on valuation and accounting is critical for acing interviews.
Upcoming 2024 investment banking summer internships
Although 2023 recruitment is still ongoing, many investment banks have already kicked off applications for 2024 summer internships. In the US, Goldman Sachs opened 2024 summer analyst applications in July 2022, followed by Morgan Stanley and JPMorgan in August. In Europe, Deutsche Bank started 2024 internship roles focusing on M&A, ECM, and DCM in September. In Asia, Nomura has also opened 2024 summer applications for its Hong Kong office in October. For all these banks, deadlines are between December 2022 to February 2023. Early preparation with suitable internship experiences and networking is key.
Resume and interview tips for landing top investment banking internships
To get these competitive spots, students need strong resumes highlighting relevant coursework, prior finance internships, and leadership experiences. Investment banking interview questions will test financial technical skills, so practicing DCF, LBO, and merger models is essential. Soft skills like communication, teamwork and interest in markets will also be evaluated. Networking early via alumni, on-campus events and online platforms like LinkedIn can help secure referrals and inside knowledge on the recruitment process.
Start early and be proactive in seeking investment banking internships
The takeaway is that preparation for investment banking internships needs to start very early. Do not wait until your penultimate year to start thinking about this. As soon as freshman year, take relevant finance, accounting and Excel modeling courses. Seek out finance internships every summer to build your profile. Attend networking events on campus and off campus to connect with professionals at your target banks. With early planning and persistence, landing these competitive investment banking internships is very achievable.
Top investment banks are recruiting now for 2023 summer internships globally, while some have already started 2024 summer internship roles. By researching open positions, tailoring resumes, practicing technical questions, and networking early and consistently, students can successfully land coveted internship spots at elite investment banks like Goldman Sachs, JPMorgan, Morgan Stanley and Citi.