This is all hypothetical, but if one was to compare Goldman Sachs IBD Classic to other BB offers with higher return offer rates (80+), does it make sense to take Goldman Sachs? I have only heard through these forums that the offer rate is around 60% for IBD Classic at Goldman Sachs.
What do analysts do that do not receive full time offers?
This is all NYC
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"Goldman Sachs IBD Classic" The fuck? When did the new recipe come out?
I'd go with almost any BB or EB over GS because of this precise reason. Why go with a 6/10 shot when you can get a 9.5/10 shot?
They have a specific wording to their divisions.
Classic = coverage
Financing = capital markets
all the top tier 1s, GS, MS and JPM are known to have low conversion rates for IBD
Without a return offer, even from GS, it's very tough to bounce back. From what I've seen, you typically downgrade to a MM/Boutique, recruit for consulting, or just exit the industry completely.
I think you can rebound but it isn't easy.
From experience, rebounding is possible but it is very difficult. Much better to have received a return offer from a mid-level BB and then leverage that offer to GS/MS/JPM than it is to have not gotten an offer from GS/MS/JPM and go back to the mid-level BB.
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