2024 SA Return offer rates

Based on previous WSO threads, return offer rates can vary significantly depending on the economic climate and specific banks. Here are some insights:

• General Trends: Historically, return offer rates can fluctuate. For example, during the financial crisis of 2008/2009, return offers were notably impacted. Comparisons to those years can provide some context for current trends.
• Specific Banks: Some banks like BofA and Jefferies have been reported to have lower return rates than usual in recent years. For instance, in 2022, it was noted that these banks had lower return rates.
• Economic Impact: The economy's state, including factors like inflation, interest rates, and geopolitical events, can influence hiring and return offer rates. For example, concerns about a recession and slower deal markets have been discussed as potential reasons for lower return rates.

If your bank is seeing a drop to 60-70% from the usual 80-90%, it aligns with the broader concerns and trends discussed in the WSO community.

Sources: Return Offer Rates During a Reccession, Is the return offer rate looking horrible for SA ‘23?, Current SA's: How Y'all Feeling About Return Offers?, BB SA 2022 Return offer rates, SA 2022 Return Offer Rates