Hate To Perpetuate Rumors But...Credit Suisse SAs?

Yeah I heard less than 25% got offers in FI

I heard its the same with GS S&T... s&t is getting crushed everywhere

~25% is what I have heard as well

cs fixed income

5 out of 22 got offers...
...very competitive

"I heard its the same with GS S&T... s&t is getting crushed everywhere"

I thought GS didn't extend offers until Sept/Oct?

GS date is Sept. 5

GS hasn't extended offers yet, but I have a feeling their offer rate is also going to be less than 50%

my BB S&T class was roughly 50%, a little less. GS will probably be far lower since they hired many more SAs. I heard they had like 150 plus in S&T whereas my BB had 40ish. BTW CS FI is usually one of the more competitive summer programs anyway.

GS had 150+ interns? Um...wow...Why would they hire that many SAs for S&T? To just pick the strongest out of a wide group? Even then...if this is true, 150 seems excessive.

What bank were you at? Feel free not to answer. I understand if you want to maintain some privacy.

I know that UBS is going through a structuring phase. How many of their S&T SAs will be hired? Anyone have an insight on this?

GS had ~175 interns; about 150 of them competing for entry level analyst positions. Take a rotation like commodities... 12 interns, they took ONE kid. HR really screwed interns over. I guess they are just picking the best and brightest. Seriously though, I'm sure they had offers from multiple places and went to GS thinking they had a serious shot at a job, when in reality odds were heavily stacked to begin with.

I was at GS this past summer in Sales and Trading and actually trying to get a job in Commodities. Its true that they had 12 kids rotate through and strong interest from probably 4-5 more so about 16-17 kids total. Its also true they're looking at hiring 1, maybe 2, but they haven't actually decided yet. But full disclosure, they let you know if you weren't in the running so you had elsewhere to look in the firm to get a job. They cut it down at the end to a top group of 3 who they were looking to hire 1-2 kids from.

So you're saying that GS has in fact given offers out already? I was under the impression it was some time in September.

EDIT: Ah Ok just saw the previous poster's comment. Interesting.

Honestly though, with the exception of a few people in the rotational program and the placed desk people (obviously), I was really unimpressed by the pool of interns at GS. Most seemed to barely know what they were talking about and were just weak candidate in general. Even with a 25% rate in S&T they would still pull in some of unqualified hires.

for CS S&T, i heard:

about 1/3 got Yes, 1/3 got No, 1/3 got Hold.

Brutal...

My firm's S&T offer rate this year is around 60%.

Yeah that sounds about right, untitled.

Talked to my friend who was in S&T he said it was roughly 40%.

Where did you work, untitled? Feel free to not answer.

"Where did you work, untitled? Feel free to not answer."

lol, i have nothing to hide. you can track my posting history anyway. i did a trading gig at BarCap. the S&T guys got offers last friday and IBD guys the friday before that.

about 60% in each of the three divisions.

Does anyone know when and what percentage will be given offers to sa's at DB (New York)? Thanks

Not sure,

So who has not told SAs yet?

Morgan Stanley and Goldman Sachs, correct?

Who else?

jpm, lazard, blackstone, citadel and kkr have given out offers.

Ouch folks - tough market for sure. ML has their freeze so wonder what's that's going to do.

S&T is tough with these types of markets.

did ML really have a hiring freeze? like 0% offer rate?

can't be.

The hiring freeze only affected lateral hires and non campus hires. SA's did get offers as the hiring freeze is only through the end of the year (hopefully it stays that way).

guys - hiring freezes don't affect incoming analysts / associates on-cycle. clearly banks will need new analysts next year. the hiring freeze is intended to stop off-cycle hires and lateral hires. SAs received offers and at a generous rate.