Know it's early, but i've been hearing about Lehman's first wave offer rate- a little higher than 50%? Can anyone verify? CS, Merrill, and first wave GS comes out this friday i believe. To those who have the power (i.e. 1st years and up) what do you think the rates will be? Obviously different per bank, but will most of the BBs go closer to that 50% rate that Lehman (or rather it's terrible condition) has set?
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Are you sure GS SAs will
I am not definite on the exact percentage for Lehman Term 1; however, I do know that a good number of SAs were put on hold, something not common at the bank in past years.
I would not be surprised to see Term 2 have an even lower offer rate.
Are you sure GS SAs will find out Friday? If memory serves me correctly, they have waited until September to inform SAs in the past.
Anyway, I had a conversation with an SVP at my bank, and he believes many banks will have 50% offer rates this year; however, this is not confirmed, as we were merely sharing our views.
I'm almost positive GS is
I'm almost positive GS is waiting until after labor day to inform summer analysts of their decision; they started doing that last year and are continuing. I think JPM is following suit.
Lehman's wave 1 numbers are indeed out. My friend got an offer and said the rates were a little lower than normal, but a lot of people still got offers
lehman was not 50%.. that
lehman was not 50%.. that wouldnt be enough analyst to cover their incoming class if they only went with 50% per term.
the numbers were more like 80% with the majority of the rest of the summers being placed on hold
plus there is no preference to term 1/term 2 summers. the firms idea was to take enough summers to replace the analyst class above them that will be leaving a year from now.
however, it is likely that recruiting for full time will be not be done.
80% is a pretty good number.
80% is a pretty good number. It's a little more competitive at my bank even they we're on a hiring binge right now for asia at least.
JPM offers won't be given to
JPM offers won't be given to SA's until September? I've heard otherwise...can anyone confirm either way?
I thought typically it's the second to last or last week of the internship when offers are given (early August).
anyone know how citi/db/bofa
anyone know how citi/db/bofa hiring will be this fall?
DB IBD - delaying offer
DB IBD - delaying offer communication. "interns will be notified of the offer status BY Sept 12th". it's gonna be rolling exploding offers i think.
Lazard - wont find out til Sept.
My bank is giving out offers next Friday. Things are not looking as good as they used to.
CS fixed income NY 5 out of
CS fixed income NY
5 out of 22 received offers today
Um..wow
CS fixed income NY
5 out of 22 received offers today
Holy shit...
Lazard won't find until
Lazard won't find until october, stop commenting on what you nothing about
joefish just tell us how
joefish just tell us how everything is since you, the lowly summer analyst, know so much
really constructive, well
really constructive, well done
and you have a track record
and you have a track record of being constructive right? go ahead, enlighten us oh great summer analyst.
I do indeed :)
I do indeed :)
joefish is quite possibly
joefish is quite possibly the most useless guy and biggest laughingstock on WSO... pretty sure that every real banker has called out his bullshit at least once.
haha, if we're talking about
haha, if we're talking about ppl getting 'called out', look no further than b2 and his various BS stories, he's good for a laugh tho, i will give him that