SA25 Return Offer Outlook

Assume there are a few posts on this already, but wanted to consolidate here:

How will return offer rates look for incoming SAs this Summer? Did most firms overhire last year or did they mostly do so this year (SA26)? (last year, outlooks were just becoming more optimistic but not quite so much as during recruiting a few months ago)

4 Comments
 

2025 SAs were not over hired because the market didn't look so good in late 2023 and early 2024. 2026 SAs were over hired. 

 

Yea but who knows what the market will look like in a year. We could go all the way from market shocks this year to a solid economy in 2026 and SAs ended up being properly hired. Ultimately the banks put themselves in these positions because they determine a class size that wont even enter the building for 1.5 years based on the current economy.

 

Fuga ut nulla repellat est et amet dignissimos. Vel animi necessitatibus iste sit voluptas. Quod id debitis non voluptatibus temporibus veritatis. Aut nesciunt odit quod numquam velit animi quasi.

Career Advancement Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • JPMorgan 01 98.4%
  • Guggenheim Partners 02 97.9%
  • Morgan Stanley 06 97.4%

Overall Employee Satisfaction

October 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 99.0%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 13 97.4%

Professional Growth Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

October 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”