Headed to a BB CB (where CB and IB are lumped together) internship this summer. Curious to hear what return offer rates have been and what people think they’ll be this year. Anecdotally, I’ve rarely seen posts for FT CB analyst positions at BBs so are return offer rates good? Does the calculus change based on intern class size?
| +39 | What's the Difference - Opportunistic PC vs Opportunistic HF | 14 | 6d |
| +21 | Need advice between CB or PC | 7 | 2d |
| +11 | Any updated views on Barings Private Credit platform? | 7 | 1d |
| +10 | High Yield/Loan Market Comp | 3 | 21h |
| +9 | What does a typical private credit interview looks like? | 3 | 4w |
| +9 | Private Credit Advice | 2 | 3d |
| +9 | Buyside Credit Opportunities | 3 | 1w |
| +8 | Province Firm? RX CO | 2 | 3w |
| +8 | What type of position should I move to next? | 4 | 1w |
| +8 | Stonepeak private credit (2026) | 3 | 2w |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Return offer rates for BB (Bulge Bracket) Corporate Banking (CB) interns can vary significantly depending on factors like the bank, group performance, and overall economic conditions. Based on the most helpful WSO content:
General Return Offer Rates: For investment banking internships, return offer rates typically range between 40% and 90%. While CB and IB are often lumped together at some BBs, CB-specific rates might slightly differ due to varying headcount needs and deal flow.
Class Size Impact: Larger intern classes can make the process more competitive, as banks may have a fixed number of return offers to distribute. However, smaller classes might see higher return rates if the group has strong deal flow and headcount needs.
Anecdotal Observations: Posts on WSO suggest that full-time CB analyst positions at BBs are less frequently advertised externally, which could indicate a preference for converting interns to full-time roles. This trend might suggest relatively favorable return offer rates for CB interns.
Ultimately, your performance, networking, and the group's needs will play a significant role in securing a return offer.
Sources: Intern Return Offer Rate, Advice for summer and return offer rate?, All Citi Summer Analysts 2020 receive full time offer, Full-Time Conversion Rates Summer 2022, https://www.wallstreetoasis.com/forum/investment-banking/intern-return-offer-rates?customgpt=1
Bump
What bank are you at
Magnam laborum quisquam ipsum ullam magni expedita. Dolore autem eveniet fuga autem. Officiis rerum ad sint aut corrupti laboriosam consequatur. Pariatur consequatur sed reiciendis incidunt sed suscipit.
Voluptatem modi sed officia. Voluptas et et eum omnis veritatis. Sequi sint a placeat.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...