Investment banking internships are highly coveted opportunities for aspiring finance professionals looking to kick-start their careers in the world of high finance.
Vault, a renowned career intelligence platform, has identified the top 10 most prestigious investment banking internships.
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Let’s delve into the esteemed nature of investment banking internships and explore the key figures that make each of these 10 firms stand out.
Goldman Sachs: As a leading global investment banking firm, Goldman Sachs boasts impressive figures, with annual revenue exceeding $40 billion and profits reaching around $10 billion. With an employee pool of over 40,000 professionals, Goldman Sachs offers interns exposure to a diverse range of expertise. The firm’s commitment to excellence is reflected in its average salaries, which are among the highest in the industry.
Morgan Stanley: Morgan Stanley is a powerhouse in the investment banking industry, with annual revenue surpassing $40 billion and profits exceeding $11 billion. Known for its comprehensive range of financial services, the firm’s average deal-making fees range from $10 to $20 million.
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JP Morgan: JP Morgan is renowned for its global footprint and dominance in investment banking. With annual revenue exceeding $120 billion and profits reaching over $30 billion, JP Morgan is a formidable player in the industry.
Evercore: As a boutique investment banking firm, Evercore focuses on providing strategic advisory services. With a smaller employee pool of around 2,000 professionals, interns at Evercore benefit from a more intimate work environment and personalized mentorship.
Centerview Partners: Centerview Partners is known for its highly selective internship program, attracting top-tier talent. With a modest employee pool of around 500 professionals, Centerview Partners offers interns a close-knit and collaborative work environment.
Lazard: Lazard, with a rich history spanning over 170 years, is a renowned global financial advisory and asset management firm. The firm generates annual revenue of approximately $2.5 billion and profits of around $500 million. Lazard’s average deal-making fees range from $10 to $20 million, reflecting their ability to handle complex and high-value transactions.
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Moelis and Company: Moelis and Company, a leading global investment bank, generates annual revenue of around $800 million and profits of approximately $200 million. The firm specialises in strategic advisory and capital markets solutions. Moles and Company’s average deal-making fees range from $10 to $15 million, showcasing their ability to navigate complex transactions.
PJT Partners: PJT Partners, a global advisory-focused investment bank, generates annual revenue of approximately $600 million and profits of around $150 million. The firm offers interns exposure to a wide range of transactions, including mergers and acquisitions, strategic advisory, and restructuring.
Bank of America: Bank of America, one of the largest banking institutions in the United States, generates annual revenue exceeding $90 billion and profits reaching over $20 billion. The firm’s investment banking division offers interns exposure to various areas, including mergers and acquisitions, capital markets, and corporate banking.
PWP, Parella Weinberg Partners: PWP Parella Weinberg Partners, a boutique investment bank, generates annual revenue of approximately $400 million and profits of around $100 million.
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