Offer
(Monkey, 50
Points)
on 3/21/07 at 9:24pm
Hey,
I was wondering... pretty much, what would you have to do not to get an offer?
Thanks





lose a billion dollar deal
lose a billion dollar deal
But... the offer rate at
But... the offer rate at most firms seem to be 60-70%. What have the other 30-40% of people done.
Here are some reasons u
Here are some reasons u wouldn't get an offer
a. you blantantly don't care about the job at all
b. you don't show initiative and don't put in effort/hours
c. people explain and explain stuff to you and you JUST DON'T GET IT
d. you have a horrible attitude
e. it's a numbers game (they realistically cannot hire every intern, they need to save room for campus recruiting)
I've seen not so smart people get offers, because they were very enthusiastic about the job and had a great attitude. It's really hard NOT to get an offer
Assuming you mean . . .
not getting a full-time offer out of an internship? Typically, some of the class will just decide they don't like banking and they'll stop putting in 100% in the middle of the summer - these people will make it known that they're not going to accept full-time offers, so they won't get offers. Another group will have a bad attitude, and will not get along with the other analysts or the more senior people (these will usually be people with big egos who are argumentative or who complain a lot or who go to Harvard). Then, there will be some people who are eager and who have a decent attitude, but who just don't get "it." By "it" I mean they don't understand the personality of the group, or they don't realize that socializing is as important (or more important) as work product - these are the people who will skip the group dinners in order to keep working, and who will think this is a good move b/c it shows dedication to work, when in fact, full-time people will look at this as anti-social and will make fun of someone who won't even take a 30-minute break.
Take away all of those people, and there's your 70%-ish offer rate.
One tip: no matter how much you like or dislike your work, you need to get a full-time offer. So, even if you hate what you're doing, fake a good attitude, work hard and DO NOT CONFIDE IN ANY FULL-TIME PEOPLE THAT YOU'RE UNHAPPY! If you tell anyone - a "mentor" or a person who you think is a friend - it will get back to senior people, and b/c yield is very important, if they think you won't take an offer, YOU WON'T GET ONE!