Investment Banking Associates

Employers

The investment banking and securities dealing industry included 16,707 business that collectively generated $133 billion in revenue in 2019, according to the research firm, IBISWorld. Major companies include Bank of America’s Merrill Lynch, Morgan Stanley, Goldman Sachs, Lazard, and Jefferies. Investment banks are located throughout the United States and the world.

Starting Out

Participating in internships or summer associate programs while in college are excellent ways to break into the field. Most of the large investment banks offer such programs. Bank of America Merrill Lynch, for example, offers a 10-week Global Investment Banking Summer Associate Program during which participants develop and maintain complex financial models, perform various financial analyses, prepare presentations and other materials for clients, participate in due diligence sessions, and perform a variety of other tasks that help them build their skills. Summer associates who make a good impression may be offered a full-time position upon graduation. Visit https://campus.bankofamerica.com/careers/Global-Investment-Banking-Summer-Associate-Program-US.html for more information. Other programs are offered by:

• JPMorgan Chase & Co.: https://careers.jpmorgan.com/US/en/students/programs/investment-banking-summer-associate
• Deloitte: https://www2.deloitte.com/xa/en/pages/careers/articles/deloitte-corporate-finance-llc-associate-program.html
• Credit Suisse: https://www.credit-suisse.com/careers/en/career-opportunities/students-and-graduates/internship-opportunities.html

Additional job-search strategies include attending career fairs and other recruiting events that are offered by large investment banks, using the resources of your college’s career services office, networking with professors regarding potential job openings, becoming active on social networking sites such as LinkedIn, and contacting firms directly about available opportunities.