How have spring conversions been this year ?
Just wondering how has spring conversion been this year? Across all firms have they converted many spring interns?
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DB just finished up ACs
Will update when known
What is Vietnamese for school?
???
Bump
PWP - Low conversion rates (as always) (10-20% ???)
JPM - roughly 15% offers (~5/30) mainly finance programme students
Citi - roughly 70% from what I heard
DB - Conversion results out end of Jul. (2 months after ACs). Lots of people got rejected already, Diversity students got culled.
Lazard - Strong conversion rates (as always). Seems like their cohorts are more diverse these days.
Barclays - They gave a bunch of offers out to mid candidates in random division - barely seen any IBD
Would love to hear some insights from Evercore, Rothschilds, Morgan Stanley if anyone has heard something. Bear in mind, I did not attend all of these springs, just some things I have overheard from friends and seen on LinkedIn.
Confirmed DB is true
Heavy on MS. Any infos?
Culled 😂
FWIW, was about 40%, not sure if thats strong rates
Higher than 15%
Capital markets rate was high, not Sure about ibd
Decent, >= lazard rates
Don't think AC's have taken place yet for all, will always be low at around 20-30%
More complicated because of women's programs, but will be about 50%, massive SA cohort for an EB
Thanks for the insight.
I am pretty sure JPM is accurate for IBD. During the SW, there was a mock interview on the final day to determine whether they got ACs and there was 3-4 ACs of ~8 people for IBD. Depending on whether you take AC figures or applicant figures you get different %s. But roughly 5 got offers for IBD. All my knowledge was regarding IBD returns, don't know much about any other divisions this year.
I didn't have a % figure for Lazard, but from what I was hearing I was expecting much higher - maybe there is a selection bias ofc. Rothschilds is a weird one, they also do that SocMob summer insight w Upreach.
Seems in line with last year
Can confirm DB - I’m the diversity student that got “culled”
Does anybody know if Barclays IB summer offers for spring converts were exploding offers?
What does that mean?
BNPP around 50% for IBD
2 months after AC???? WTF. UK firms HR departments are a joke haha. Why would they do this if they have already significantly cut candidates?
Email provided says "Due to the number of candidates assessed"...
How hard is it to assess 50 candidates, 50% of which you already rejected, in 2 weeks as promised. I know a lot of people have taken up offers from other firms in the meantime as it is taking so long.
Probably a headcount thing, end of July they probably know if they had too many or too less interns and can adjust the class? (Wishful thinking)
Citi AC is in September.
Speaking with friends across most BB's and Eb's (as well as what happened at my bank), Spring conversions were extremely selective this year compared to previous years.
UBS - 4 (IB, spring programme is general)
That sounds terrible. I haven't even seen one UBS summer post on Linkedin either
Anyone know if GS still fast tracks to AC? Or is it completely non convertible now
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