CS FSG Low Return Rate?
Heard from some ANs that the return rate was low this summer with a couple not getting offers and others declining. Anyone know if this is true? FSG is by far their strongest group, so very curious why that was the case.
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Interesting… heard something similar as well. Probably some combo of macro conditions and recent leadership changes. Would be good if anyone at CS can weigh in…
Cs M&A was 100% offer rate
My understanding is that their culture went severely downhill after COVID fucked with their recruiting. Their current analyst class is supposedly weak compared to previous years which lines up with recent PE exits.
+1 on recent exits, think juniors and seniors are pretty disgruntled across the board right now
.
Can I send you my resume?
I can carry 12 cups of coffee by myself and have the stature of a pygmy goat that is aerodynamic for tossing toward a large velcro target board.
Is this true? What’s the actual percent of declined offers + no-returns
Was M&A this summer, think it was like 20-25% of FSG SAs not coming back. But their group’s pretty small so it’s like 3-4 interns who declined/no return.
Any insight as to why?
Are you in FSG? Overheard from H/W kids that none of the female analysts got buyside offers. Do you know if that’s accurate?
not fsg myself but can confirm this is true. i think it was just a bad year for exits, sponsors usually does well
From what I’ve heard CS FSG is very old-school discriminatory. Like denied entry at the club because “the club doesn’t allow shorts” type of shit but you know what they actually mean. New Gen Z interns these days probably just don’t fuck with that shit
Don't know why you say that like it's a bad thing. I'm glad that this younger generation is pushing back against some of the garbage norms and behaviors in this industry. In my day, we would have just taken the hits, so kudos to these kids for sticking it to the man.
Pretty sure "don't fuck with that shit" is Gen Z slang for "won't stand by it", not "can't hack it"
Have heard similar things from ex-CS folk.
I’m in the group - this isn’t true. We didn’t give return offers to 2 summer analysts, and had one summer analyst and one summer associate not accept offers, which is pretty in line with previous years.
The summer analyst who did not accept what are they doing instead?
Sounds pretty true to me then. 2 SAs w/o returns and an SA and SASO not coming back. Do you know why?
9/12 summer analysts returning does not mean the group has gone "significantly downhill"
Yep, the why is the only interesting question here. CS Sponsors has had some of the best exits across the entire street, so I'm surprised anyone would decline a return offer. Makes me think either culture or exits have become abysmal.
What are we calling a "low" return rate and how big is the intern class? It makes sense if you get more attrition with a larger group due to culture being less cohesive.
CS sponsors is lean — intern class is typically 8-12/year.
I have a 2023 SA offer for CS. Should I try to place into M&A or LevFin instead of focusing on FSG? This thread has me a little worried lol
You're only really going to have time to network for a single team, so I'd focus on either sponsors or m&a or levfin. I had a good experience in m&a, feel free to DM me with any questions.
As opposed to spreading my time across two or more groups? Or are you saying I should gun for only those three groups
I'm also in the group and this thread is completely false. As someone else said, only one summer analyst and one summer associate did not return. That's a fact. It's also in line with the past yield rates. Culture is still awesome. Group is going strong.
Credit Suisse hate is overdone imo but you’re literally posting anonymously bro lmao
There’s some edge lord shmuck who thinks it’s hilarious to shit on CS every two weeks in some ranking thread or bullshit like this. It’s getting old so fuck off dude
NY MD to Bx Cap Mkts?
LA MD to Evercore?
NY DIR to the abyss
But yes - there's a reason why MDs in that system don't leave. Sweet spot once you get there
CS interns fighting for their lives in the comments right now.
You mean BofA interns fighting for their lives to stay relevant? Lmao
(Deleted / Got spooked)