Wondering if anyone can offer insight into this. I'm curious if this recruiting cycle has been particularly brutal compared to previous ones, as it seems like it has been. Is this due to a tough overall job market, slowing dealflow, and cost-cutting initiatives from major banks? Or is it overblown and it's usually this difficult?
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No, SA 2024 hired significantly fewer people. This is a much easier year than that. SA 2023 is closer to this year, but the return rates were horrible last summer so that class probably had it slightly worse.
agree on this
Can confirm. Recruited for SA2024 from a semi-target, and offer rates were down 20-40% compared to previous years — intern class sizes are objectively smaller as well.
Can also validate what was mentioned earlier about SA2023; much larger recruiting class compared to SA2024, but return offer rates were disproportionately lower, under 40% at some banks.
SA2025 seems to be in the middle between SA2023 as SA2024. Unsure how SA2024 offer rates will be, I guess I’ll find out though by this august.
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