Hi all, I'm currently preparing for a first round with Allen & Co and have read through some old threads about their abnormally lower return offer rates. Typically I would try to ask this question during a networking call but given how difficult it was to track them down I haven't gotten the opportunity to hop on the phone with anyone there.
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Had my first round the other day after networking prior - nothing to worry about btw (all behavioral for me, although I am a sophomore so could be different for you). The associate I've networked with essentially confirmed what the older threads say. Usually 2-4 in the class get FT offers out of the roughly 15 summer analysts, and most of the time they have a family connection to the firm.
Good to know, thanks for the reply!
I don't think it's at all inappropriate to ask about return rates in interview - I'd say go ahead and do it. At the end of the day, you're being wholly reasonable in assessing your own prospects in order to determine what, strategically, best suits your current position. Any reasonable interviewer will realise this and by no means hold it against you - you're simply looking out for your own best interests.
Agreed. It is fair to ask through the lens of gauging your own odds of a return offer. I'd also be curious about what your interviewer believes this says about the firm's culture, as it's a bit of an unusual practice. What's the reasoning behind it? What impact does that have on the experience (are interns competitive/cutthroat)? Does the high ratio of interns to FT analysts say anything about the type of work done by both?
Whatever your approach, in my view this is 100% in bounds for an interview.
Normally it's best to ask all the tough questions where you are effectively interviewing them AFTER they give you an offer. It's a good question to ask though.
It’s Allen & Co, they’ll take about 15 interns and take 2 on full time. No need to ask about it
Out of curiosity, why is it that they have such a low offer rate? If there is only enough work for two new analysts per year, what the heck are 15 intern's doing all summer?
I would add the point that you're looking for somewhere you can build a career. Not just an internship and that’s why your asking.
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