Incoming MF Intern Second Thoughts

It’s my understanding that intern class sizes for SA24 are significantly smaller than SA23 intern class sizes, so I would expect return offer rates to be higher. This is of course group dependent though.

Stick it out man. Was probably just this year and they’ll need the associates

Just do your best. Work hard enough that if you don’t get a return there are a handful of associates and principals who would give you a solid reference. You’ll have good name brand on the resume and presumably solid experience.

Blackstones and KKR return rate very low (50%), don’t expect to get one for sure

Is this a genuine concern? I want to recruit for buyside next year and if you don't get a return isn't ib a step easier as long as you didn't massively fuck up. Like shouldn't ft be relatively easy to get a sellside offer for ft even if you didn't get a return for non performance factors. 

I dislike this mentality that if return offer are low (50%), then you have to start looking elsewhere immediately or brace yourself for no return. Yes, keep your options open. Yes, always be prepared. And yes, understand the situation you are in.

But my guy, you haven’t even started your internship yet. First off, a lot can change in a year. Second off, for the sake of redundancy, I’ll refrain from giving you the cookie cutter advice on how to get a return, but rather tell you this cheesy fucking line.

It doesn’t matter where you start, but where you end. You have a whole year to prepare for this internship. Meet people at the firm beforehand. Show your enthusiasm in unique ways, and realize that if you do not get a return, you will be just fine. You made it here for a reason, and the only thing planting that seed of doubt in you is yourself.