Offer rates at each firm - Please review
Hey all,
Thought it might be helpful to compile a list of the offer rates for IB SA conversion into FT. I know many of you are still making your decisions, and this may be helpful to you (as one aspect, consider the banks and your professional goals in a holistic sense). Also, anyone feel free to chime in if you feel one of these is incorrect and fill in the ones with questions marks
MS: 70% GS: 50% (as of last year, historically has been a bit higher) JPM: 70% Citi: 90% RBC: 90% BAML: 50-60% (as of last year, historically has been higher) Barclays: 70% (as of last year, historically has been higher) Deutsche: 70% (significant uncertainty with this bank going forward though, so caution advised) Credit Suisse: 90% UBS: 70% (as of last year, historically has been 75-90%) Jefferies: 85% Wells Fargo: 75% Lazard: 90% PJT: 80% M&A, 90 % RX HL: 70-80% Evercore: 90%
I know some of them have historical numbers, but there is quite a bit of uncertainty right now with some of the bigger IBs, so it might be more prudent to place greater weight on last year's number; doesn't hurt to be a little conservative
UBS was 70 this year historically (last three years) it's been 75-90%
Cool thanks, I've updated the list
Barclays I believe was 85 percent for NYC this past year and BAML was lower than 60 apparently.
Hmm really? I had a couple friends who interned Barclays, and they said it was closer to 60%. I feel you on BAML though
Really? A VP, MD, and a friend who summered there and got a return offer this past summer told me it was 85 percent.
BAML was a shitshow I heard :/
Heard BAML was ~40-50% for a lot of the groups (e.g. C&R, M&A, etc.). Think Lev Fin was in the 25-30% range.
How did you come up with the 50-60% for MS? It was definitely higher than that.
People who did not get an offer often tend to underestimate the conversion rates to make themselves feel better.
Yeah definitely agree with you on this one. From talking to people there they have said they like to hire less SAs so they can have a higher FT rate.
So I've been hearing that it hovers around 60%, but if this is wrong, happy to update. What consensus have you heard on this number? Currently, I've put it at around 60-70%
Had a buddy in my Frat as a First year at Wells, said the offer rate was hovering around 75% but due to recent circumstances you can imagine those numbers will be down
Jefferies was around 85% for NYC.
S&T rates were lower across the board.
JPM was a bit higher than 70% in '16, but not by much. BAML IB was around 55... historically they were in the 80s.
Hey, absolutely agree with you. This list is just IB, since I have no idea at all what other division offer rates are haha
Any numbers for BAML London? I heard they were pretty good. (>80%)
From my understanding GS was below 50% last year (although I only have a couple sources for that, people might have better info). For some MM information -- HL: 70-80%, Blair: 60-70%, Baird: 80-90%, Lincoln: 75-85%
Baird was more like 65-75%, from what I've heard, Blair was definitely in that range.
Can confirm GS was hovering around ~50%
Can confirm Blair numbers
Seconded, ~50-55%
% of interns getting FT offers is also a stat we collect in the WSO Company Database...just an FYI. Thanks for compiling all here though :-)
HL, Lazard, Evercore all around 90% (EVR in previous years had 100% -- last year, they over-hired)
Heard Evercore was a touch lower, maybe even 80-85%. Can't say that with absolute certainty, so happy to defer to your info if you're sure, but just wanted to let people know what I heard from 2 analysts there. Spot on about the 98-100% in the past though.
Totally right -- I was rounding figures. I think EVR might've been 85% last year (30/35 I think...), and LAZ was actually 100% this summer!
Credit Suisse: 90 - 95% this year. Out of 90 ish maybe 6 got cut in M&A / coverage BAML: 45 - 50%, sub- 45% for certain groups (HC, M&A, LevFin, C&R I heard) MS: 70% - 80%, maybe a bit higher / lower depending on group. FIG was 12 / 14 or 11 / 13 I think
Not 100% true on the BAML piece. HC & M&A were two of the higher % groups. But about 50-60% overall firmwide.
Ok, someone in the group texted me like a week before and told me it would be 50% for HC at least. No direct info about M&A, other than that half the ppl from my school arent going back
I heard BAML was 60-65% and Barclays was 70%
Guggenheim has 27/29 SAs returning based on the firm's visit to campus so ~90%
Associates at Guggs was all but 1 (11/12 or 12/13), and hired a couple outside of their summer class
Evercore also gave out few Associate offers after their summer
Confirmed from an analyst / summer intern:
Deutsche Bank's conversion rate was terrible this year - sat around 50%.
EDIT: This is for the NYC office.
Deleted
Confirmed from an analyst that Lazard gave offers to 100% of its summer analysts this year.
Lazard was 50% this year. I only know about the last 4 years but in those years it has never been 90%. Highest was ~75%
What's the consensus on Lazard? One person said 100%, another said 90%, and another said 50%.
The consensus is not to never fully trust any info on a forum and to do your own DD
Lol I have on most of them, but have no personal connection with anyone at Lazard or anyone who summered there, so looking for some insight here
Et blanditiis occaecati natus delectus. Molestiae iure neque voluptatum et repellendus. Maxime maiores amet aut aut commodi modi tempore. Atque qui vel expedita molestiae.
Unde a repellendus illo. Dolores maxime laboriosam rerum necessitatibus et cupiditate.
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...
Voluptas explicabo in est corrupti perferendis. Consequatur fugit fugiat animi sit aut dolor aperiam accusamus. Qui rerum rerum expedita sed rerum libero et. Assumenda illo atque vitae officia.
Et temporibus tempora id ipsa. Voluptatibus veniam aperiam quia dolores. Quia sapiente minima voluptatibus eum velit non illo.