2/24/13

Hi guys,

as the title asks really.

Obviously conversion rates vary from bank to bank, but is it really a case of the jobs yours to lose?

Cheers

Comments (10)

2/24/13

Think about it: it really depends on the desk you will be rotating on. If they hire, you know they will and should give your best to be the best candidate!
I would say it depends on the desk - but generally, 50% of the class perhaps more gets the job

http://www.jasonbondpicks.com
In reply to nori90
2/24/13

nori90:
Think about it: it really depends on the desk you will be rotating on. If they hire, you know they will and should give your best to be the best candidate!
I would say it depends on the desk - but generally, 50% of the class perhaps more gets the job

I think your stats are off.

In reply to WallStreetStandard
2/24/13

So enlighten me with your numbers.
I also would have said, actually that it is probably less
15% Trading
20% Sales
15% Rest

2/24/13
2/24/13

njokes:
Hi guys,

as the title asks really.

Obviously conversion rates vary from bank to bank, but is it really a case of the jobs yours to lose?

Cheers

Definitely not easy. Aside from just working hard, try to meet as many employees as you can. When they have to make decisions on who to extend offers to at the end of summer, it truly pays if many people can vouch for you or at least say they met you and that your a nice guy or whatever....just my opinion.

In reply to nori90
2/24/13

nori90:
So enlighten me with your numbers.
I also would have said, actually that it is probably less
15% Trading
20% Sales
15% Rest

Please stop posting.

2/25/13

Conversion rates were way down last year -- I think some banks were down around the 20-35% range (I remember hearing from JPM SAs that it was particularly bad over there) and I definitely wouldn't say it's "yours to lose."

Like michaels said, it's important that you to get to know as many people as you can. The MDs will sit down at the end of the summer and discuss the SAs before deciding who to give the offers. If no one knows/remembers you, you won't be receiving an offer. (Just don't be remembered for the wrong things like messing up coffee/lunch orders..) There should also be networking events almost every week so be sure to go to every one of them and meet as many people as you can.

In reply to monkeyspells
2/25/13

Cheers bro!

Talking to last years class the bank I am interning at was about 45% conversion last year.

In reply to monkeyspells
2/28/13

JPM's SA conversion rate was in the 60s last summer.

3/1/13

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