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
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.
I heard BAML was 60-65% and Barclays was 70%