Superday Offer Rates
So I was reading on superday rates and the line that struck out to me is the "how many get offers" question that he mentions to which he responds "
This one is tough to generalize because it varies by the bank and the particular group you’re interviewing with, how many analysts they need, what location you’re at, etc.
Generally 1-2 out of 10 superday interviewees will receive immediate offers. Most of the rest will be put “on hold” and they may receive offers if others back out or accept investment banking summer internships elsewhere.
This seems a bit low to me. Is 10-20% the norm for BB's and the like? I would think that it would be very costly to pay out 5000 for plane tickets and hotel rooms for each spot you have open. Especially if there are over 50 positions to fill and it would seem like it would just be easier to have stronger weed-out interviews before the superday to save on costs. I always assumed Superday offers were 1 out of 2 or even higher as most people I know who go on Superdays get the offer? Obviously it depends on the bank but I would like the board's opinion on the ranges.
What Are Superdays?
A superday is normally the final round interviews for first year employees for financial institutions. This day can typically range from 3-20 interviews for multiple hours with different professionals from the field that you are applying to. Offers from superdays can either come the same day, or weeks down the line.
What Are Superday Offered Rates?
The offered rate from superdays typically varies from firm to firm. The general consensus around WSO is roughly 10-20%, although there have been cases where 0 were given offers.
User @dosk17", a retired investment banker, gives some useful information regarding offer rates!
I wrote that article when the site first started, but I think the 10-20% figure is still accurate. As some other posters have said, the rate may be a bit higher - maybe up to 30% sometimes - but rarely more than that.I don't recall a Superday where more than 50% received offers, for example - it just doesn't happen.
Regarding the cost of sending people to Superdays: banks don't really care about it. Obviously they don't want to send 10,000 people to interview for 1 position, but sending 10-20 people for 1 and taking 0? No problem.
The reason this happens is because a lot of people "look impressive" on paper or in first rounds, but get much less impressive after more in-depth interviews.
Want to learn how to nail your superday interview? Check out our free finance interview questions and answers.
If you have any experience in superdays or knowledge about offer rates please comment below!
Read More About Super Days on WSO
- UG Recruiting Part III: The Super Day And Offer
- No Call Back For 1ST Round - Super Day Next Wed! HELP!
- How Long Does It Take To Hear Back From A Superday Interview?
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I think there was a similar post a week ago that most people responded to by saying it was worthless to even speculate because it is so variable.
I am interested in hearing of any numbers people have heard though, and I'm with you that 10-20% seems low given the cost of flying people to the office and such. Can anyone provide any insight to how many candidates even go to Superdays normally? A few hundred or what?
its generally been more like 20-30% in my experience
I have seen FT superdays range from 10-30%.
Wondering this as well...well has anyone ever thought that maybe like 5k is peanuts for banks so they don't really care? Blackrock for instance took 6 to superday from my school and accepted ZERO!
Wondering this as well...well has anyone ever thought that maybe like 5k is peanuts for banks so they don't really care? Blackrock for instance took 6 to superday from my school and accepted ZERO!
I wrote that article when the site first started, but I think the 10-20% figure is still accurate. As some other posters have said, the rate may be a bit higher - maybe up to 30% sometimes - but rarely more than that.
I don't recall a Superday where more than 50% received offers, for example - it just doesn't happen.
Regarding the cost of sending people to Superdays: banks don't really care about it. Obviously they don't want to send 10,000 people to interview for 1 position, but sending 10-20 people for 1 and taking 0? No problem.
The reason this happens is because a lot of people "look impressive" on paper or in first rounds, but get much less impressive after more in-depth interviews.
Lots of interviewees would seem really good at first, then would turn out to be awful when they actually started, or sometimes it would fall apart earlier than that in the final round interviews.
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