Internship Offer Rates on Wall Street?
Last year, JP Morgan's investment banking division received 54,000 applications to fill 480 intern spots (.89%). Point72's Academy received 21,000 applications for 35 intern seats (0.17%). The percentages incorrectly assume that everyone who receives an offer signs it but it's a close enough proxy.
Can anyone please share internship offer rates they've heard for other firms? Data on IB, HF, PE, S&T, Prop Shops, etc. are welcome. Please list sources too if possible.
Sources:
Also, Goldman Sachs received 236,000 applications to fill 3,500 intern seats across the firm (1.48%). Breakdown by division isn't given.
https://nypost.com/2022/04/05/goldman-sachs-gets-record-intern-applicat…
I imagine those goldman rates include internships in HR, operations etc which would typically be easier and therefore skews the rate? 0.17% for Point72 is crazy however.
Yes, I assume Goldman's investment banking offer rate is similar to JPM's. So around .8%
Interested in EMEA numbers.
Id imagine its less competitive for Europe and maybe more for UK?
bump
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