How hard is it to get a return offer?

Based on the most helpful WSO content, here are some insights regarding return offers and the nature of internships:

Difficulty of Getting a Return Offer:

• General Sentiment: The return offer is often considered "yours to lose." This means that as long as you perform adequately and don't make significant mistakes, you have a good chance of receiving an offer.
• Intern Performance: Interns are expected to perform well, but the bar for not getting an offer is relatively low. Many interns who don't receive offers are those who lack common sense or are not good workers.

Factors Influencing Return Offers:

• Economic and Group Performance: The return offer rate can vary significantly based on the economy, the performance of the group, and the size of the firm. Return offer rates can range from 40% to 90%.
• Virtual Environment: The virtual environment might make it easier to get a return offer, as long as you stay engaged and perform well in your tasks.

Internship Experience:

• Technical/Difficulty of Work: The work can vary, but many banks are planning for case studies and projects rather than just staffings. This means you might have to demonstrate your analytical and problem-solving skills.
• Hours and Workload: The hours can be long and demanding, typical of the investment banking industry. However, the exact workload can depend on the specific group and bank.
• Importance of Likability: Being likable and building good relationships with your colleagues is crucial. Setting up calls and making sure everyone knows who you are can help you stand out. Balancing competence with humility is key.

Tips for Success:

• Networking: Connect with your immediate deal-team junior bankers and get feedback from them. Show that you are pleasant to work with and do good work.
• Performance: Aim to be a top performer by working hard, taking initiatives, and observing better. This will help you stand out to the decision-makers.

In summary, while the technical difficulty and hours can be challenging, focusing on building good relationships and performing well in your tasks will significantly increase your chances of getting a return offer.

Sources: Advice for summer and return offer rate?, Getting an S&T Return Offer - A Survival Guide for Future Interns, Why do people not get return offers?, Q&A: I didn't get a return offer, How the hell are return offer candidates going to be assessed this summer?