Big 4 Intern to Full Time Conversion Rate?

Don't do audit. It's hell.

if you don't trip on your own balls you will get a FT offer.

I know auditing gets a bad wrap a bit on here, but it is definitely something i want to do. In terms of the Big 4, I read a stat somewhere that stated around 90% receive FT offers after the internship, except at DT it is around 75%. Does this mean that in general, say at the Chicago office, out of 100 interns, 25 don't receive FT offers? That seems wrong doesn't it? I really like DT and the people I have met there, and overall it seems like a great fit for me, but that number scares me, especially if the other 3 hire at around 90%. They just seem like the safer way to go. Thoughts?

They will not hire 'x percent'. They will hire as many as they think are good enough. Some years that might be 100%, some years it might be 0. Stop worrying about the percentages and just nail your internship and you have nothing to worry about.

Also to reiterate my earlier point, audit is hell.

The only reason I ask is because if DT consistently hires 75% of its interns, while the other 3 hire 90% or more, something has to be going on. Either, they over hire in terms of interns for the number of full time spots they need (and always take around 75%), they hire less qualified students so they give fewer offers to their interns, or a certain office location is bringing the average down. Either way, as I said, I really like DT, but I want to make an informed choice as it is pretty important to me. If its simply because students tend to screw up more there, then I would be fine with it, as I am confident in my abilities, but if it is because they over hire and reject many qualified interns for FT, then I would have to really think about the decision.

Until you have offers from multiple firms, it doesn't even matter what the relative "offer rates" are.

I do have offers from multiple firms.........hence the question. go with my favorite or go with one of the other 2 i got and still like but doesn't have as much of a cultural fit (but does have higher offer rates).

OP has a valid concern. Have the rest of you actually had a summer internship? From what I know, most everyone will get offers. Don't be an idiot. A friend of mine did an internship in auditing, and one of their interns got so drunk and puked in the lobby.

Needless to say, that person did not get a return offer.

Although competition won't be as fierce, team work is still valued. If you see a fellow intern struggling with something, make an effort to help that person. Little things matter.

I also second what OMS said... Don't be and idiot, work hard, play hard, and you will get an offer.

Any more opinions? I am going to talk to a few people over the next few days as well.

Former DT auditor here. The only way to mess up is if you eff up your work (which should be really hard since you'll only be in charge of getting lunch or updating dates), piss someone off or get in a fight. Pretty much be an obedient servant with some sort of personality and you will receive an offer.

Edit: Also, have a sense of humor - if you get pranked and start crying like a little baby, no one will want to work with you.

Dude as long as you do your job and be somewhat personable they will give you an offer, just don't be a total douche bag. I know a dude who did not get an offer caz he thought he was too good for the job.

Which firm was this at? And just to clarify, what do you mean he thought he was too good for the job? I am definitely very grateful for the opportunity but would like to avoid any actions this student took, so if you have specifics that would be great.

I know this is a bit off topic but, like the OP, I may be doing an audit internship this summer with big 4. I think I may be more suited to tax though. Would I be able to go through the summer, get an offer, and then tell hr I want to move to tax? I really don't want to have to re-interview at the same firm for another position. I bring this up because I also have a tax internship offer that I have been seriously considering if I have to jump through a bunch of hoops to switch to tax at the big 4.

any last minute opinions out there?

Thanks for the advice. I don't think I should have a problem doing any of the things you mentioned, especially the fighting aspect. Did that occur at DT or a different firm, and who did he fight? I can't imagine something like that even happening.

you're over-thinking this one, getting the FT offer will be very easy no matter which big 4 you choose

sounds good. thank you

small question. after reading some of the banking threads on this site, it appears the conversion rate for a lot of BB's is nowhere near 100. Why do BB's "over hire" for their intern classes, but accounting and consulting firms generally don't?

Big 4 firms invest so much in their candidates (AKA throw so much dough and treat you like kings and wine and dine you) because it's literally the shittiest work known to man once you start full-time.

Oh back to the question... I have lots of friends going the Big 4 route and the rate I believe is near 100%. Just don't show up to work plastered and kill someone

the big 4 really just need a ton of bodies every year. banks can afford to be a lot more selective

thank you

I went through fall recruiting and everyone I talked with said that as long as you have common sense and don't do anything stupid you will get an offer.

I'll be interning this winter and I was wondering if there is any difference in regards to getting a FT offer compared to the summer interns?