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Based on the most helpful WSO content, here’s what you need to know:

1. GS Return Rates: Historically, return rates for internships at GS in Sales & Trading have been around 50%. However, this can vary depending on the year, market conditions, and the specific division. For example, in strong capital market years, return rates can trend higher.

2. Feedback on Communication: Communication is a critical factor in internship evaluations at GS and other top firms. Common areas of focus include:

   • Responding to emails promptly and professionally.
   • Clearly communicating your workload and availability.
   • Handling additional tasks effectively, either by managing them immediately or explaining when you can address them.
   • Being respectful, punctual, and delivering high-quality work consistently.

   If your feedback highlighted communication as a weakness, it’s essential to address this immediately. Start by:

   • Proactively seeking clarification on tasks.
   • Keeping your team updated on your progress.
   • Practicing concise and professional email communication.

3. Turning It Around: A below-expectations mid-point review doesn’t mean you’re out of the game. Many interns have successfully turned things around by:

   • Taking feedback seriously and showing visible improvement.
   • Seeking guidance from mentors or colleagues on how to improve.
   • Demonstrating a strong work ethic and a positive attitude for the remainder of the internship.

4. Review Process: It’s unclear exactly how many reviewers need to rate you as "below expectations" for this to be the case. However, feedback from multiple reviewers likely carries more weight. Focus on building strong relationships with your team and ensuring your performance improves across the board.

Remember, internships are as much about learning and growth as they are about performance. Use this feedback as an opportunity to show resilience and adaptability. Good luck!

Sources: How the hell are return offer candidates going to be assessed this summer?, Advice for summer and return offer rate?, How were S&T intern return rates at GS/MS/JPM?