waitlist to offer ratio

Waitlist?

Do you mean as in, banks who have filled up their intern class put 2nd best people on a "waiting list" in case any of the offerees renegade?

If so, I'd say that once you've been invited to the AC, it's you vs the other guys. They have only one place left (assuming they hold an AC for each and every renegaded spot), and will hold an AC for the top 2nd best to fight it out for that place. So, to answer your question, usually the waitlist to offer ratio is "X to 1", where "X" is the number of people on the AC.

Just my 2c.

i was put on hold once, probably one or two days later got the offer

it was along the lines of GS/MS/JPM; so i mean, even though you've been waitlisted, there's still a chance...but definitely keep looking for other opportunities

1:5 is the answer to your question.

Sorry, I meant 1:4.

that sounds like a very random number....

and banks will just have as many people as they can realistically have in their waitlist since it doesn't cost them anything at that pt and gives them a free option...

Very roughly, how often do banks actually dip into their waitlists? I am subscribed in three of these.

You've subscribed to three wait lists?

There's probably a fair amount of rejections, but it really all depends on how far down the wait list you are. You honestly have no choice but to wait it out and hope for a call.

Mostly no. But if they like you enought, and you are at the top of the list, then yes, they tell you.

Just my 2c.

i went to blackrock superday about 3 weeks ago...the next week got a call where i had great feedback but it was too early for them to give me offer since mine is the first superday and that they still want to confirm details of summer internship...kept getting the same msgs for the next 2 weeks that they're still confirming details of summer internship...is this jargon for waitlist you think or they're really not sure?

fyi, 6 ppl from my school went (target) and 5 of them rejected besides me...

it could go either way, or both (waitlisted and figuring out how many total applicants they want in the end)

i did an interview 2 weeks ago, was told at the end of the interview that they were still working on the details for their program and not too worry if i don't hear back immediately

good luck though!

If a bank tells you they are waiting to see "if market conditions improve" does that mean your on the waitlist or does that mean they are actually waiting to see market conditions improve?

Frequently banks don't say "hey you're on the waitlist" but rather use some sort of euphemism (e.g. your candidacy is "on hold," we're still trying to figure out how many offers we're going to be extending etc.)

^ exactly. They never the word "waitlist". They always say "on hold".

If they're extremely interested and want you first, they never say "extend an offer". They always say something along the lines of: if we gave you the opportunity now, would you immediately accept. This is to gauge if you're as valuable as you seem to be - i.e. is this kid confident enough to defer the exploding offer because he thinks he's valuable as well.

This is all very informal. Few of my friends who worked at DLJ never actually received official offers - they always got the exploding offer terms (which all of them accepted).