2018 SA Return Offer Rate
Can anyone speak on the return offer rates for BB/EB in NYC this past summer? I know it is a crap shoot to get an IB FT role, but does anyone have the actual #s for each bank?
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Bump.. Interested as well
It's hard to know really unless you have buddies in HR
Bump
the decision isn't necessarily based around HR's "how many interns should we give return offers to?" that might be the baseline, but the actual number changes a lot.
there is so much variability that goes into a return offer.
q: what is the bank's hiring culture?
a: 100% of interns vs 60% of interns get offers
q: what is the group's culture?
a: does the group want to fuck over some interns? does the group want to teach interns? does the intern make friends within the group? or is the intern lame as hell?
q: does the candidate do the work required of them?
a: self explanatory.
everyone in the group i interned at this summer knew pretty damn well where they stood on the scale of "getting an offer vs. not getting an offer". there were some people on the fence the whole summer, but they were getting dicked on more often than not during the summer so it wasn't too much of a surprise at the end of it.
trying to extrapolate your chances of receiving a return offer based on the numbers from different banks, in a different year, and with different interns is a pretty fruitless endeavor.
can you expand on this? was the team transparent on who was getting an offer vs not? how did the interns know?
we had weekly feedback meetings with the staffers. while getting told constantly what you're doing right and wrong is kind of awkward, it really, really, really helps to let interns know where they stand in the eyes of the people who are going to be their judges.
i fucked up pretty handily about halfway through the summer. the next day and following week i was told that they expected better out of me and it's not what they want to see in their future analysts. had i continued on that path or had no other good feedback for the rest of the summer, i highly doubt that i would have received an offer. i didn't get an offer, but the reason for that is unrelated to my performance or fit within the group.
the other interns that did not receive offers received feedback throughout the summer regarding their performance. i cannot say what they did wrong, because it was not something that we talked about nor is it something that i feel comfortable disclosing, because that is their life and not mine.
nice. more groups should do the weekly feedback. mine did not. hope you were able to land an offer elsewhere
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