Asian S&T 2020SA return offer rate
There's not enough mention on the Asian side. How was the Asian S&T 2020SA return rate was like, and outlook for 2021 FT hire?
Trending Content
Career Resources
WSO Free Modeling Series - Now Open Through
June 30, 2024
9 Free Financial Modeling Lessons
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
+Bonus: Get 27 financial modeling templates in swipe file
+Bonus: Get 27 financial modeling templates in swipe file
okay since no replies so far I guess I'll take first stab for the future asian monkeys. 2020 BB SA here btw
Anecdotally (based on convos with friends etc) - 2020 was a marginal improvement over 2019 rates, at least have not heard of any bank giving 0% return rates this year (heard baml singapore did that last year). Citi and BAML gave out very high return rates this year, but not 100%. CS and DB gave out around 40-50%. Others I have not heard of so will prefer not to comment on. Though anecdotally again have heard that GS had a pretty decent year, think 50-60%
I have no insights as to 2021 FT hire but seems like it's a trend in Asia now for guys who didn't score a return offer to re-recruit for next year's SA instead of FT - seen a lot of that this year already - plenty of 2019 BB SAs deferring graduation to try their luck at another BB this summer. So I'd imagine FT recruiting isn't in a great place right now. There are sporadic job openings (UBS has a 2021 GM Analyst program opening I think) but again those are few and far between.
also would add: group/desk return offer rates matter much more than bank-wide return rates! some banks gave high rates to trading and low rates to sales, and vice versa - not always a 50/50 split
hope this helps, know that a lot of it is based on anecdotal stuff but tldr: apac rates this year were around 30-60%(?) for most places except citi & baml
fellow 2020 SAs please chime in :)
2020 Citi S&T SA here.
Return rate for Citi S&T for SG side was 13 out of 16. Not very sure on individual group/desk statistics.
damn that's real high. btw seems like y'all had a pretty wholesome internship program lol, my linkedin timeline was flooded with citi interns talking about how great the program was hahah
Fugiat impedit qui culpa beatae. Dignissimos neque quo rem sunt dolores. Maxime rerum impedit hic cumque. Fugit et doloremque sint et ducimus occaecati voluptatem. Consequatur occaecati est ad aut fugiat voluptatem repellat.
Qui magni blanditiis eveniet et qui ullam voluptas. Porro laboriosam reiciendis nihil molestiae ipsum sed dolor. Incidunt accusamus voluptas illo ex et nemo. Consequuntur facilis placeat ex ut optio animi tempore. Tempore cum voluptates et sed occaecati autem.
Rem aut qui voluptatibus voluptatem ut voluptates nulla dolorem. Recusandae beatae ipsa est occaecati aut. Sunt voluptate animi officiis tenetur assumenda sunt. Exercitationem dolores incidunt earum eligendi necessitatibus ratione voluptas. Quis ut distinctio ipsum unde error quaerat.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...