Is the return offer rate looking horrible for SA ‘23?
With the layoffs and recent events are return offer rates looking bad for SA 2023? I’m guessing it is group dependent. I will be in ECM and am very worried.
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can we please stop with the "from my top BB" bullshit." you're anonymous...
Looking through your comments, you got fired from both GS and Citadel and pretend you built Citadel natural gas franchise. But you tell everyone you worked at Citadel and GS.
Completely different situation than what happened to SA2022s, as that hiring process was completed during mid 2021 when many banks were forecasting 2022 to be a “record year for M&A.” Thus they hired too many interns last summer.
During the recent SA2023 hiring cycle, banks were already anticipating a recession in 2023 when they decided how many internships spots to offer. So you’ll be fine unless the market outlook for 2024 becomes worse than that for 2023, which seems unlikely at the moment.
Summer 2023 interns will not be receiving full time salaries until like July 2024 and wont receive bonuses until like August 2025, so as an expense, interns aren't so much of a concern. People who have offers now got them in one of the hardest recruiting yeas, so like the associate above said, it's likely they underhired and offer rates should be fine unless thing take a real turn south. CPI had decently good news today, and I personally think a soft landing is most likely.