Return Offer Boutique
Just curious, what would you say is the proportion of interns that get return offers at boutique shops? Looking at other forums, it seems lower, but didn't a great idea so I would like to hear from someone's experience.
In addition, what is the point of having an internship program if the bank won't give out the RO? I understand that some people may not get the RO because they generally are not qualified but I feel like the bank should expect that and hire more than 1 or 2 interns. Why else would they start an internship program if they do not have the intent of employing them. Just curious
Return offer rates at boutique investment banks can vary significantly, often depending on the size of the firm, its hiring needs, and the overall market conditions. Based on insights from WSO discussions, boutique shops sometimes hire interns without a guaranteed intent to convert them into full-time employees. Here are some key points to consider:
Lower Return Offer Rates at Boutiques:
Purpose of Internship Programs:
Challenges for Interns:
Ultimately, while boutique internships may not always lead to return offers, they can still be a stepping stone for building experience and networking in the industry.
Sources: Why Guaranteed Full-Time Offers Don't Make Sense, Why do people not get return offers?, Return offer pity party, Online internship at an U.S boutique, from Europe?, Return offer pity party
from what i’ve heard returns for eb varies by group and year and location
satellite offices would be near 100% or at least the majority of the full 5-8 interns cause it’s so small
for nyc i would say closer to 75%, could be lower if group is more difficult or higher if markets well
to answer why not everyone gets a return, could be because of performance review, or lateral recruitment to fill seats in analyst class, or to downsize, could be anything
I don’t know if you are talking about EBs (cvp/evr/moe/laz/pjt/pwp) or just smaller unknown shops. The latter has higher return offer rates closer to 90% or 100% but yeah just smaller ones seem vary by shop.
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