Just curious how hard others think it will be to receive a return offer after their summer internships these next few years. Will it be similar return rates to other years and layoffs will balance it out, or will it be much more competitive, even after landing the internship and spending the summer with the firm?
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Will depend on the firm and how they hired. Generally everyone was expecting a recession during last year's hiring market so banks generally adjusted their hiring targets based on that. Known one firm, for example, that usually takes 40 but this year took 25ish. It will also depend on type of bank, if a diversified financial services company like Goldman then odds are there will be a lower return rate. If a pure independent advisory boutique like Moelis, then probably not.
not letting me edit this but odds are if your bank laid people off then return offers may be lower. but there isn't really a way of knowing.
Yeah, that is what I assumed as well. Thanks for the input, I appreciate it.
Regarding "diversified financial companies", you're wrong. Goldman and JPM always take the same amount of interns so have variable return rates, but other BBs like Citi and BofA adjust their internship places to maintain a high return offer.
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