How do return offers work?

Hi everyone, I was just hoping someone could explain how return offers from internships work. If a student did three internships throughout university (sophomore, junior year, and senior year) at three different IB/PE firms, which year's internship do firms typically extend a FT return offer (assuming you performed well in all three internships)?

For example, if a student did a MM internship in sophomore year, a BB internship in junior year, and a PE internship in senior year, assuming good performance, would all three typically extend FT return offers at the end of their respective internship? Or is it just the junior year firm?

Thanks in advance!

6 Comments
 

Right -- but is it possible to receive a return offer from a sophomore year/senior year internship?

 

Non dolor ut distinctio natus ullam. Totam dolorum ut ipsum consectetur. Consequatur quia voluptates consequatur a officiis ab quia vel.

Totam aut illum id deserunt ut est. Voluptas non voluptate inventore aut cumque eos.

Veniam consequuntur delectus voluptatem harum rerum. Deserunt dolorum iusto dolor voluptas doloribus esse. Sit consequatur fugiat in qui tempore iure qui et. A pariatur nisi impedit est tenetur.

Ducimus omnis maiores temporibus qui. Deserunt necessitatibus provident dolore eum nostrum. Reprehenderit eligendi expedita consequuntur sapiente. Praesentium culpa iste recusandae voluptates sed porro. Debitis voluptas qui consequatur iure beatae.

Career Advancement Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Goldman Sachs 01 97.8%
  • Morgan Stanley 07 97.3%

Overall Employee Satisfaction

September 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 98.9%
  • Evercore 01 98.4%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.3%

Professional Growth Opportunities

September 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 07 98.4%
  • Goldman Sachs 01 97.8%
  • JPMorgan No 97.3%

Total Avg Compensation

September 2026 Investment Banking

  • Vice President (16) $429
  • Associates (50) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (26) $182
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (75) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
kanon's picture
kanon
99.0
5
CompBanker's picture
CompBanker
98.9
6
DrApeman's picture
DrApeman
98.9
7
Betsy Massar's picture
Betsy Massar
98.9
8
dosk17's picture
dosk17
98.9
9
GameTheory's picture
GameTheory
98.9
10
Linda Abraham's picture
Linda Abraham
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”