What is an offer rate?

This might be a very basic question, but I was wondering what an offer rate is? I attended an info session for Barclays IB today at my university (target) and they mentioned the offer rate for my school is 90%. One of my first times attending an info session so didn't know what that was. No way it can be that 90% of people who apply get an internship right? Thanks in advance!

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