Criteria for Choosing Summer Analysts after Superday

At my bank it goes like this:

• Everybody meets up in a conference room right after interviews
• People go around in a circle force ranking people from 1 to however many people were interviewed that day
• Generally start with who everyone agrees should be cut
• Move on to who everyone thinks should get an offer
• Then discuss those in the middle and debate offer / reject / hold
• For the middle group if there are certain senior bankers who are like "I absolutely will take that applicant", those people will likely get offers even if some others want to reject them and then that person probably gets placed in their group
• Generally comes down to 1) do they know what they're getting into 2) do they actually want to do MM banking 3) are they likely to come back 4) all the other standard stuff like academic performance, prior finance exp., etc.
• But what is one of the most important factors is fit - from both a senior banker and junior banker perspective, people will ask both groups if they would want to work with a certain applicant and sometimes juniors will basically say "fuck no" and if it's that strong of a sentiment the senior guys will defer to that

Edit: To further hit home on the fit part, sometimes you'll have a person that everyone ranks really highly because of academic quals, work exp., performance on technicals, etc., but a huge red flag is if everybody says "should get an offer but not in my group" - that person will just not get an offer even if they were really good on paper.