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.

The interesting thing now is that there's one of from BB, EB, and MM that has given offers (Citi/Meolis/Blair), and we're at this weird point where we could definitely see a cascade affect that leads to most banks being pressured to give offers, or we might not see any others. Let's just say theoretically next week (this is purely a hypothetical, I don't have any evidence) that PWP gives FT offers. This would put pressure on places like Evercore, Centerview, etc because now two of their competitors do it. It could definitely set off a chain reaction in EBs that lead to most giving FT offers.

I agree on the likelihood of a few more scattered guarantees, most of which will be random and hard to predict. While I agree, I would challenge your premise that it is in any way related to “pressure” created by the action of other firms. I strongly believe that it will be a result of business related decision making and time (i.e. how successful are large state openings?). This will allow for a reasonably based prediction on the timeline/impact of C19 to business segments. It is easy to create the false idea that banks are pressured by others in this category. What pressure?

I would agree with that argument. I think a firm like Moelis is positioned to “take a swing” at competing EB’s, while simultaneously hitting the BB’s. Smaller class sizes, ability to make firm wide swift decisions, less breadth, less markets business exposure etc. That type of model allows them to make a commitment and potentially swipe a few top recruits (on the fence) in the years to come. The marginal differences are amplified with their size and make more sense. Those differences would likely get wiped out at a BB; even for the more coveted roles.

Full time offers to SA thoughts

anabananaboat

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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%)

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Full time offers to SA thoughts

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