Old news, but seems like London conversion rate for SA 2022 was quite good? Can anyone with more news confirm? A lot of friends in London have converted, are there still hiring freezes now? How's the conversion rate over there in the States? Seems like most decent students converted and are doing well
Will next recruiting cycle be bad, or is the worst already behind us?
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No it wasn't. It was lower, 40% return rate for CM at my back, historically >80%. IBD maybe 60-70%
noted with thanks
CS 20/25 out of 35
Citi was quite good
GS half from what I heard
anyone know what P72 and Citadel were? for academy/global equities
JPM had really low conversion rates this year (40% approx.)
Is that almost entirely due to the economic situation, or what do their conversions usually look like?
Usually like this - JPM doesn't tend to convert many hence they hire through their analyst program to get "better" talent rather than through an internship
AM conversion rates sub-50% also
AM at JPM?
No, at an institutional player.
i heard evercore london this past SA was pretty brutal - i know a lot of the interns there, very strong backgrounds and solid sociable people, who didn’t get the conversion
How have people fared who didn't convert? And do people think conversions will pick up in the near future?
some do a master's, some just take up corporate jobs and hope to lateral. A friend who didn't convert BLK did a masters
Terrible. If it weren't for my bank offering me a second internship (I'm in my final year of uni now) I would've been so screwed. I did investment banking (product) at a BB but my group had different hiring needs so didn't convert. I've only had one first round interview, and didn't even progress to the AC. I haven't heard back anywhere else for FT... Extremely tough market... I'm just crossing my fingers that I am able to convert my internship with the bank this time around.
Damn. Well done on getting the 2nd internship at least. Has it been a similar story for other people you know?
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