GS vs MS vs JPM S&T SA 2027

Based on the most helpful WSO content, here's what you need to know:

1. Return Offer Rates: Historically, return offer rates for S&T summer analysts at Goldman Sachs (GS), Morgan Stanley (MS), and JPMorgan (JPM) have been competitive but varied:

   • GS S&T return rates have been cited around 50% in some years, which is considered tough compared to other divisions.
   • MS and JPM S&T return rates are not explicitly detailed in the context, but anecdotal evidence suggests they are similarly selective, with rates often hovering in the 50-60% range depending on the year and market conditions.

2. Decision Factors:

   • If your current offer is exploding, you need to weigh the risk of losing it against the potential upside of securing an offer from the other two firms.
   • Consider the culture, desk preferences, and reputation of the firm that extended the offer versus the others. For example, MS is often praised for its institutional equity reputation, while GS has a strong brand name, and JPM is known for its global reach.

3. Recruiting Etiquette:

   • Continuing to recruit after accepting an offer is generally frowned upon in the industry. If you decide to attend the Superdays, ensure you are comfortable with the possibility of reneging, which can have reputational risks.

Ultimately, if the current offer aligns with your goals and you feel confident about the firm, it might be wise to accept. However, if you strongly prefer the other firms and are willing to take the risk, attending the Superdays could be worth it.

Sources: Early IB Offer with exploding deadline - months before normal recruiting, 2018 Investment Banking Report: 8 Trends in the Industry, Should I accept this offer for 2021 SA?, Urgent: Advice Needed on SA 2020 FSG BB Offer vs. Top-Tier Tech Recruiting