Return Offer
Just finished my internship at a MM bank and did not receive return offer. Fortunately though, I have another BB internship lined up for next summer because I am have choice to graduate in three or four years thus recruited one more time in case I don't get the return offer.
My question is that how do I next time can I get the return? I absolutely grinded my ass during the internship and had a positive mid-summer review, while given opportunities to directly update and communicate things to the clients as well (not that significant though ofc).
From what I've getter so far, an associate who I've worked closely didn't support my return. I think he liked me in the beginning as for some reason my work products have exceeded his expectations. Naturally, I think he started to check my work product a lot less before signing off to be sent to a more senior banker. However, there were instances when I made a silly mistake like saying "the sponsor focuses on technology investments" when the firm actually invests on different sectors while building buyer profiles for +30 potential buyers or putting slightly wrong transactions for relevant transactions made albeit it was like two examples that were off out of like +130 transactions, and he didn't check it before being sent to the VP. The associate seemed to be annoyed as well since those materials aren't that significant, which is why he didn't check my work thoroughly.
I'll definitely make these mistakes ever again but I'm just so disappointed at myself for making these mistakes. However, in the future, how can I make sure to get the return, and is my situation pretty common? I personally wouldn't blame an intern if I was the associate but do feel like I could have done better.
To secure a return offer in your next internship, focus on these actionable strategies based on the most helpful WSO content:
1. Own Your Mistakes and Build Trust
2. Be Proactive in Seeking Feedback
3. Focus on Being a Great Teammate
4. Develop a System for Accuracy
5. Communicate Effectively
6. Leverage Mentors and Build Relationships
7. Be Hungry to Learn and Improve
8. Handle Pressure Gracefully
9. Understand the Decision-Making Process
10. Learn from This Experience
By implementing these strategies, you’ll position yourself as a reliable, detail-oriented, and proactive intern, significantly increasing your chances of securing a return offer in your next internship. Good luck—you’ve got this!
Sources: Advice for summer and return offer rate?, Getting an S&T Return Offer - A Survival Guide for Future Interns, IB SA No Offer -> Major Entertainment Strategy + Perspectives on Recovering from Failure
Bump
This is rough, since this year was especially bad it seems like. Just some advice from what I've seen/heard. Feel free to ignore, just an analyst talking here.
Based off of what I saw with this summer's cohort and have heard from people at other banks, these are generally where the decisions were made on margin. Obviously, doing 110% is the base, but good vs. better laid here.
Thanks for the input. The firm that interned at required all the people who I've worked for to give a yes to get the return, and seems like all other 5-6 people said yes, as they all gave me their personal phone numbers telling me to keep in touch, other than the associate. Yeah, I do agree that I should really avoid making any mistakes in this market.
Seems odd the associate has this much sway, unless they genuinely threw you under the bus to protect themselves from their own mistakes
seems p unlucky, def the associates fault for not checking over an interns work
Unfortunately, you can’t always control the outcome come especially in this industry. I’ve seen some brutal no RO for kids that did everything right. The only surefire way to cover your ass no matter what is to recruit FT before offers are out next summer to make sure you have a back up.
Sorry this may seem like a rant, but other than Qatalyst, are there any banks that recruit before return offers are given? Also, are my mistakes pretty common? I feel like it's my fault partially. I really thought I was getting the return because I got a call from the director also during week 7/8 that I'm in the upper quartile in terms of performance.
Yes, there are tons. Especially on the buy-side. Apollo, P72, Warburg list goes on. Just network and you’ll see. You can use the US finance trackr as well.
It’s time to start the perennial search for a new role
How could you have discovered the feedback everyone gave you? It’s very uncommon for someone to tell an intern exactly what everyone voted for- so how did you learn there was just one no, and it came from the associate who hated you?
Also, it seems odd that everyone in the group said yes, including senior MDs, but because an associate said no, they didn’t give you an offer.
Who exactly was the person who gave you such detailed inside color on the rejection?
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