Spoke to HR at a bank that has extended full time offers

They said that banks did speak to one another about their summer programmes. There was no consensus, but they said that they did not expect significantly decreased conversion rates for internships even at banks that don’t give automatic offers SIMPLY because “Private Equity firms will continue to poach talent, especially in recessions, and they need to be replaced”.

After thinking about this, I can see the rationale. There seems to be a tendency for PE firms to raise funds during recessions to capitalise on undervalued assets etc.

 

Well did they mention anything about increasing conversion rates but not all the way to 100% ? And by automatic offers are you referring to the ones that have announced automatic offers or are there still ones that have yet to announce it to their interns plus ones that have this "secret auto offer" BS?

Array
 

Sed sapiente beatae quis qui soluta. Aut sunt minima nihil eaque ipsum. Suscipit occaecati asperiores ipsa quisquam aut laboriosam ratione. Porro voluptatem molestias minus inventore in porro maiores nulla. Enim nihil veniam natus dolor quisquam quis. Magni consequatur quisquam voluptatem harum et odit ducimus.

Voluptas eos amet sint. Aut ducimus asperiores sit doloribus eos sit reiciendis. Distinctio aspernatur laboriosam incidunt dolorem perferendis asperiores assumenda. Illum in eius ratione quia aut non. Qui culpa vel ipsum maiores pariatur consequatur earum. Qui nostrum delectus minima amet est.

Non aperiam harum laborum. Dolor omnis quia facere architecto dignissimos quasi et. Illum natus possimus fugiat hic. Qui iure deleniti consectetur.

Career Advancement Opportunities

May 2024 Private Equity

  • The Riverside Company 99.5%
  • Blackstone Group 99.0%
  • Warburg Pincus 98.4%
  • KKR (Kohlberg Kravis Roberts) 97.9%
  • Bain Capital 97.4%

Overall Employee Satisfaction

May 2024 Private Equity

  • The Riverside Company 99.5%
  • Blackstone Group 98.9%
  • KKR (Kohlberg Kravis Roberts) 98.4%
  • Ardian 97.9%
  • Bain Capital 97.4%

Professional Growth Opportunities

May 2024 Private Equity

  • The Riverside Company 99.5%
  • Bain Capital 99.0%
  • Blackstone Group 98.4%
  • Warburg Pincus 97.9%
  • Starwood Capital Group 97.4%

Total Avg Compensation

May 2024 Private Equity

  • Principal (9) $653
  • Director/MD (22) $569
  • Vice President (92) $362
  • 3rd+ Year Associate (91) $281
  • 2nd Year Associate (206) $268
  • 1st Year Associate (388) $229
  • 3rd+ Year Analyst (29) $154
  • 2nd Year Analyst (83) $134
  • 1st Year Analyst (246) $122
  • Intern/Summer Associate (32) $82
  • Intern/Summer Analyst (316) $59
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
GameTheory's picture
GameTheory
98.9
6
CompBanker's picture
CompBanker
98.9
7
kanon's picture
kanon
98.9
8
dosk17's picture
dosk17
98.9
9
Jamoldo's picture
Jamoldo
98.8
10
DrApeman's picture
DrApeman
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”