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Goldman Sachs defends title for most prestigious investment banking internship 3 years in a row

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.

Chart by Krugman Insights.
Chart by Krugman Insights.

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.

RELATED Goldman Sachs trims stake in Oncoclinicas in $187M share sale

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.

RELATED Lazard in talks to be acquired by Abu Dhabi’s ADQ

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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