This is definitely not true...why do firms tell the SAs this? SAs are always compared against each other when it comes to deciding who gets an offer or not. They have no intention of hiring all of us...and they know that.
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who says or thinks that every sa gets a ft spot?
Who is "they"? BB's? MM's? Because as far as I know, this saying, that every SA has a FT offer to lose, is (generally) true. If you're at a bank that's really having some hard times, obviously that's the exception, but my group had 100% conversion last year. This year is yet to be seen, but I wouldn't be surprised again.
The point is, your internship is a 10 week interview. Sometimes you'll find it's not for you, other times your supervisors will make the call for you. In either case, if you do well, are likable, and barring any drastically negative events, I don't see why it's not fair not to say every SA has a FT offer (unless your bank purposely overhires SA's... but in this case, they likely wouldn't say that).
Usually they will say their SA program is a direct feeder into their FT program. They tell us every intern we hire has a spot in our FT class, so you dont have to "compete" with each other. But I definitely do know that we arent evaluated on an individual account, but compared to each other instead.
my bank doesn't say this... never have
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