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Based on the most helpful WSO content, return offer rates for MS GCM (Morgan Stanley Global Capital Markets) can vary depending on market conditions, performance, and the specific year. Historically, during non-COVID times, return offer rates at top firms like Morgan Stanley have been relatively strong, often ranging between 50-70% for summer analysts. However, in turbulent job markets or uncertain economic conditions, these rates can fluctuate.

If you're concerned about securing a return offer, focus on excelling during your internship by demonstrating strong technical skills, teamwork, and a proactive attitude. Networking within the firm and seeking feedback regularly can also improve your chances.

Sources: MS Return Offer Rate, https://www.wallstreetoasis.com/forum/investing/recession-in-2019-the-great-recession-20?customgpt=1, Advice for summer and return offer rate?, MS GCM offer vs RBC IBD offer, GS OFFER RETURN RATE

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