Investment Banking Associates

Employers

The U.S. investment banking and securities market included 35,334 business that collectively generated $456.6 billion in revenue as of February 2025, according to the research firm IBISWorld. Major companies include Bank of America Corporation, Morgan Stanley, JPMorgan Chase & Co., Goldman Sachs, among others. 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. For example, Morgan Stanley offers internships and apprenticeships for students. Visit https://www.morganstanley.com/people-opportunities/students-graduates for more information. Other programs are offered by:

• Bank of America Merrill Lynch: https://careers.bankofamerica.com/en-us/students
• 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

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.