Off cycle internship conversion rate (London)

Hello,

Can anyone tell me what the conversion rates are like for off-cycle internships in London? I've seen huge ranges from virtually zero, to others saying 90%, so I guess this is very dependent on the Bank. Any experiences/anecdotes would be much appreciated.

Cheers,

B

3 Comments
 

From what I have seen it can vary a lot depending on the timing of your internship. If your internship finishes in summer and you get to know whether you got the offer in the same time than SAs, conversion rate will tend to be high. On the other hand, imagine that your team converted 100% of its SAs and now has to decide whether to give you an offer one month later... might be more difficult to convert.

Anyways, same as always: it doesn't matter. Work hard, have a good attitude, make sure to fit in well in the team and you'll nail it!

 

Aperiam soluta velit nihil ex ut nisi. Impedit maxime perspiciatis deleniti rem corporis vel. Optio itaque molestiae vitae similique.

Recusandae nihil quas rerum et rerum. Odio eum recusandae voluptatem vel accusantium officia reiciendis. Quam quas quis accusantium. Asperiores autem voluptatem eligendi eveniet illum incidunt quaerat.

Suscipit commodi culpa recusandae debitis. Doloremque culpa labore voluptas repellendus eius. Modi architecto voluptatem eos neque eos rerum.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.2%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 02 98.8%
  • Evercore 01 98.2%
  • BMO Capital Markets 12 97.6%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • Morgan Stanley 05 98.2%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (43) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (77) $151
  • Intern/Summer Analyst (71) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
kanon's picture
kanon
99.0
5
DrApeman's picture
DrApeman
98.9
6
dosk17's picture
dosk17
98.9
7
Betsy Massar's picture
Betsy Massar
98.9
8
GameTheory's picture
GameTheory
98.9
9
CompBanker's picture
CompBanker
98.9
10
Linda Abraham's picture
Linda Abraham
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”