MBB Summer Analyst 2024 return offers
Hey all, incoming summer analyst from undergrad for an MBB firm at a large office on the East Coast of the US. I wanted to ask about return offers and the state of MBB in general for 2024; in previous years I know returns have been the default, but given the dismal state of the economy / hiring, I wanted to know if anything has changed. If anyone has advice for going into an MBB consulting internship, please drop some too! Thanks
Hey there, future MBB star! Based on the most helpful WSO content, return offers for MBB internships have traditionally been high, as these firms tend to view their summer analyst programs as a key pipeline for full-time talent. However, it's always wise to keep in mind that economic conditions can impact hiring practices.
For the summer of 2024, while there isn't specific data in the context provided, it's safe to infer that if the economy is underperforming, this could potentially affect return offer rates. Firms may become more selective, but top performers typically still have a strong chance of securing a return offer.
Now, for some golden nuggets of advice for your MBB consulting internship:
Remember, while you're there to learn, MBB firms are also looking at your potential to join them full-time. So, give it your all, and don't forget to enjoy the ride – it's going to be bananas! 🍌
Sources: BB SA 2022 Return offer rates, Return Offers Summer 2016, 2019 Return Offer %, MM Return offer rates, Current SA's: How Y'all Feeling About Return Offers?
Bump! Following up on this
Incoming 2024 analyst who interned last year. Obviously not super qualified to comment on what they will do this year but have better perspective than someone who has never worked there. I imagine it’ll be pretty normal. Last year Bain and McKinsey were at like 95% return offers. BCG way overhired (at least in the large office I’m familiar with. Literally had twice as big of an intern class from the previous year) and gave like 80-85% return offers. I think BCG cut back to more normal levels of intern hiring this year (not certain but definitely less kids from my school this year) so I’m guessing they will all be at like 95% return offer rates. I would say not getting a return offer should be rare and something you shouldn’t be blindsided by. I literally asked my supervisor during our weekly internship check-in if I was still on track to get a return offer every week to make sure I wasn’t falling behind without realizing it. Happy to answer any specific questions you have
Hey everyone! Gonna add on to what anon had to say. Yes, McKinsey and Bain had much better offer %'s than BCG. I will note that collectively averages may have been high, but depending on location it can be much lower. I know east coast offices for BCG had much lower on average return offers with some even going as low as 50% (NYC, Philly, DC). Should rebound this year though! Hope this helps.
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