London SA return offer rates
Putting together a thread for all return offer rates. All of them should be out by now.
comment bank % and group
Trending Content - Investment Banking Forum
| +235 | Who Killed Wall Street | 65 | 2d |
| +194 | Worlds Worst MDs Competition (2026 Edition) | 44 | 1h |
| +167 | As Lehman people reconvene at UBS, Barclays needs to hire (2023) | 23 | 6d |
| +130 | Only Indians cold emailing | 44 | 8h |
| +125 | Lindsay Clancy - Thoughts from A2 | 22 | 3d |
| +69 | UBS Healthcare | 34 | 19m |
| +50 | Shana tova - happy new year | 6 | 10h |
| +48 | NYC Wall Street Run Club | 13 | 7h |
| +45 | More diversity needed in the industry | 11 | 17h |
| +43 | EB (EVR/CVP/LAZ) vs MBB (Bain/BCG) | 22 | 48m |
Career Resources
interested
Rough numbers (JPM)- Take with a pinch of salt could be off +/- 1
Total: ~55%
EMEA C&R: ~30%
UK DI: 66%
EMEA DI: ~70%
UK EPRM: 0% (/2)
EMEA EPRM: ~40%
Will ask around for confirmation and more data - this is all hearsay.
really dependent on group to group. Most EMEA teams had loads of interns this year (10-16).
FIG 50%
What’s EPRM?
Energy Power Renewables Metals
I believe its called Natural Resources now though
EMEA Tech 70%
What is good about this
they had 110 interns in the London office? or is this whole EMEA
LDN office. Its in between 100 and 110. Rough figures. Barely any SAs in regional offices they do OCs
Curious about Citi.
Heard lower conversion rates this time but always had 80-90% last years
It hasn't been that high since 2021
Need MS & Citi Numbers
MS were terrible
Hiring freeze? Heard some whispers about that
Any indication of general %
curious to here DB's return rates. Seems like they are just giving anybody return's over there.
The calibre of the 2026 analyst class seems to be lower than past years
?
75-80%
-
What about Barclays, EVR and HL
Judging from Linkedin, Barclays very very high
heard Barclays was medium ish but their class was big so headcount needed for FT is still small
HL v high, 90% for M&A with the main lower one in Consumer for 1/3. RX was ~80%
EVR ~75%
Very high this year
Not sure why there's MS on this – have verified this with multiple people, ~70-75% is the consensus
MM around 50%
In comparison to previous years, returns have been much lower
that is not helpful at all pal
Just name the firm. No one is going to discover who you are
BofA?
Lower than prior years, don’t know exact %
Pretty sure Citi was extremely high again, you have to honestly be exceptionally awful not to get a return.
Weren’t their spring conversions to summer extremely high too? Basically you’re set if you get a spring week
50% spring to summer conversion last year
Not correct.
Returns will be lower across the board compared to the past. Attrition is much lower these days as PEs are struggling to raise funds / exit investments, which is reflected in their hiring needs which trickles back to allocation for grads in IBs.
It would be nice to know Lazard
40-50%
PJT c. 70%
Heard it was closer to +90%
Citi ~70%
BlackRock?
UBS ~ 50-60%, very dependent on group
BUMP
any update on BofA?
Laz capped at 40%
Alantra?
Friend interned but rejected return, final years converted.
Et expedita minima explicabo repellat. Officia quo dolore aut voluptatum sed. Molestias numquam vel qui quidem laudantium est. Dicta vero odit nesciunt molestiae voluptas eligendi. Earum labore et voluptatem ab architecto blanditiis qui quae.
Suscipit dolorem sit et quia. Eligendi quas et nobis quo voluptates. Aperiam eius deserunt tempore a doloremque ipsum doloremque. Facere eligendi maiores vel velit dolores fugiat.
Veniam aperiam rerum porro mollitia. Ipsa adipisci ad aperiam soluta. Inventore ea sapiente enim ut voluptatem.
Aspernatur est quas accusamus doloremque distinctio aut illum. Modi a quisquam voluptatem voluptas totam incidunt. Iure voluptatem est itaque provident. Repellat sunt pariatur nam quia repellat. Minus molestiae natus dolore sunt. Ratione hic nulla sit excepturi maiores. Ut ab alias asperiores deleniti inventore omnis non fuga.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Amet excepturi molestias optio sit vel. Voluptas ullam distinctio dolore vitae voluptatem corrupti.
Laboriosam ipsum neque quo eum. Est nesciunt vero sint sunt sunt. Excepturi omnis qui soluta saepe. Perferendis consequatur tenetur maiores doloribus. Nulla sequi est ut.
Minus vel quae sit quas. Consequatur maxime quisquam commodi recusandae. Et qui molestiae ex dolorem sint quia. Eligendi voluptas odio aperiam fuga necessitatibus iusto.
Quia quia beatae itaque. Accusamus sapiente autem nisi. Quo nam dolorum neque molestiae tenetur fugit.
Rerum rerum non cumque sint at quasi temporibus voluptas. Quod debitis placeat natus ut. Veritatis reprehenderit voluptatum suscipit magni. Dolores voluptatem ipsum repellendus non.
Sed quod laudantium soluta eligendi quis est voluptas voluptatibus. Earum aut eum tempore sint sed vel perspiciatis.