Number of positions: In 2001 the bank took 275 interns. It expects the number in 2002 to be slightly lower.
Ratio of applicants to positions (2001): 30:1.
Minimum academics: No specific mimimum, but standards are generally very high.
How to apply: Online at www.ml.com.
When to apply: The deadline is February 15th 2002. However applicants are looked at on a rolling basis starting well before then, so it is advisable to apply early.