Hi everyone,
I will start an IBD Off-Cycle internship at Morgan Stanley (London) in August and wanted to know what's the typical conversion rate for this kind of internships in the UK? Any insights on this?
Also, I have some full-time interview process at two EBs (in France) and I was wondering if I should be confident to convert as a full-time Analyst at MS or consider really seriously these FT opportunities?
Thanks a lot
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Hey ebitdaddy_78, sorry about the delay, but are any of these useful:
More suggestions...
You're welcome.
Last year‘s conversion for similar timeframe was basically 100%. In any case OC is usually quite high.
Thank you very much, that’s helpful: indeed, I would ideally prefer to convert at MS since I really liked the people there and want to relocate to London.
Could I ask how do you know about the 100% conversion rate though? Is there a reason why the conversion rate for OC is that high? (Might be cultural, my understanding is that internships generally convert very well in the UK, which is not necessarily the case in France)
Combination of London headcount being a lot more than for continental offices and OC intern class being much smaller with higher quality / more experienced candidates compared to summer. Also consider MS rarely hires for FT directly, interns are their entire pipeline.
Source is I was in that intake.
Ok I understand, thank you very much for your reply
Did off-cycle interviews for their CM team and asked this exact question, they said conversion is possible as long there is headcount. Naturally I assume in IBD there is usually more headcount every year as the CM teams are ran very lean. Would just take in mind that if markets are still shakey during your OC return offers probably will be lower than usual.
Thanks for your reply, indeed I guess the dynamics might be different as IBD and CM probably have different recruiting needs
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