After all the full time offers granted for incoming summer interns in banks and consulting firms, will this push all the other firms ( banks and consulting) in the same tier to follow and grant full time offers ? CS / jp Morgan / baml /GS / MS / etc ... ? trying to have an inside info on what these firms will do.
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Anyone with insider info obviously wouldn't say it here. Also it seems like banks will probably go in the direction of increasing FT offers in order to stay competitive in future years. It's inevitable that some desks wont need a lot of people but its also possible that if this virus quells that there will be more activity and firms will need more manpower. At the end of the day though these top banks could cut all offers and people would still apply next year. PR isn't an issue for them if they ever so happen to not give auto FT offers like Citi and Moelis. Their main focus is probably revenue
The thing is we'll never know what the return offers are for banks unless they explicitly say so in an email as you probably arent going to be able to talk to all of the other interns in these conditions. They could still be high (ie 90%) or be low (50%)