Return offer rates by firm

Based on the most helpful WSO content, return offer rates for summer analysts and associates can vary significantly by firm, group, and economic conditions. Here's a general breakdown:

1. High Return Offer Rates (80-90% or more):

   • Firms like Lincoln International, Moelis & Company, and Lazard Freres are often noted for their high retention rates, especially in strong economic years.
   • During record years like 2021, some teams even reported offer rates exceeding 100% due to over-hiring.

2. Moderate Return Offer Rates (40-70%):

   • Many top and mid-tier banks fall into this range, with variability depending on group performance and market conditions.
   • For example, Jefferies & Company and UBS AG have been mentioned with solid but not guaranteed return rates.

3. Low Return Offer Rates (40%):

   • Some firms or specific groups, like William Blair's associate interns, have been noted for not extending return offers in certain years.
   • This is more common during economic downturns or when group performance is weak.

Return offer rates are influenced by factors like the economy, group size, and firm strategy. In challenging times, rates can drop significantly, while in booming years, they may rise sharply.

Sources: Advice for summer and return offer rate?, IB Summer Associate Return Offer Rates?, 2020 Intern Offer Rates, Summer Return Offers this year vs 2008/2009, 2020 Intern Offer Rates