Turn Down Top BB for a lesser BB for summer internship?
Does anyone do/advise this for belief that the really top 2 or 3 BBs select a fewer percentage of their summer interns as full-timers?
i know that is true for a fact. one certain firm only takes 40-50%, while most others take upwards of 80%.
what firms are those? i can't really imaging there is a big difference in pay/quality of people you work with/prestige for another job later for the number 1 bank as opposed to the number 6 bank. i mean, is a job at the number 6 much easier to get than the number 1? i would think both would be very very competitive
I know Lehman takes an extremely high percentage of their SAs back because they have so many of them. They have two summer analyst classes, both going for 8 weeks. They hire so many SAs so that they barely, if at all, have to recruit for the full-time hires.
your comment doesn't really make any sense gomes
your basically saying that a firm like Goldman is rejecting so many SAs because they dont have enough SAs to fill FT. If Goldman didn't have enough SAs to fill FT, their pct would be higher. So clearly having a large SA class doesn't mean jack.
All I'm saying about lehman is that their strategy is to use a large pool of summers to fill up their full-times so they don't have to recruit much for FT hires. I didnt make any comparisons to GS or any other firm. The OP was asking about what other firms do with their SAs, so I gave what knowledge I have.
Goldman aims to give 80-85% of SAs a full-time offer.
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