2019 Return Offer %

Prospect in IB-M&A

Been seeing threads on here talking about banks hiring less interns due to firm restructuring/possible downturn/other reasons. Just wanted to see if we can get a list of banks (BB,EB,MM) and 2019 return offer rates for each, just for future interns to reference for next summer.

Comments (101)

  • Prospect in IB-M&A
Oct 22, 2019

bump

    • 3
Funniest
  • Intern in IB - Gen
Oct 22, 2019

^yeah we totally need a bump every hour, fucking thanks guys

    • 47
  • Analyst 1 in IB - Ind
Oct 22, 2019

Baird Chicago: 100%

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  • Prospect in IB - Gen
Oct 24, 2019

Baird is getting smoked across the board - heard they were 100% across all offices

  • Analyst 1 in IB - Ind
Oct 24, 2019

Can confirm, summer analysts were 100%.

Unsure about associates.

  • Prospect in IB-M&A
Oct 24, 2019

They had a spot in their missouri office in energy

  • Intern in IB-M&A
Oct 22, 2019

I interned in a Healthcare/TMT/Consumer group at MS/GS/JPM this past summer. There were about 15 undergrad interns and I estimate 11-12 received returns, including sophomore to junior summer ones. Summer MBA's seemed to be at a bit lower rate.

  • Intern in IB - Gen
Oct 22, 2019

question - how much was expected of the sophomore summer analyst? Was he given easier projects, more leeway etc? Or treated exact same as juniors?

Oct 22, 2019

Sophomores in my group received a bit easier work than juniors. They were mostly staffed on less teams.

Oct 25, 2019

I would echo what @StrictlyNovice said. Sophomores tended to get easier work, although that wasn't necessarily true depending on the individual; the main diff. came down to number of staffings, where sophomores were generally on fewer deals. That being said, of the 2 or 3 sophomores, one of them was super high caliber and she was working no less than the juniors, staffed on deals of similar complexity, tasks, etc.

Array

Oct 22, 2019

Top Restructuring group in London: 100% both Summer Analysts and Associates

    • 1
Oct 22, 2019

gotta be HL, add it to the london thread. Mind if I PM you?

    • 1
Oct 22, 2019

Sure!

  • Prospect in IB-M&A
Oct 22, 2019

Which was the offer rate from both summer and off-cycles at Citi and BAml?

  • Prospect in IB-M&A
Oct 22, 2019

For London would be great

Oct 22, 2019

there is a london thread already.

Oct 22, 2019

I heard that at Citi it wasn't high at all. Maybe 50%

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Most Helpful
  • Prospect in IB-M&A
Oct 24, 2019

i heard this year citi was closer to 90%

    • 3
Oct 22, 2019

40% in my group

    • 1
  • Prospect in IB-M&A
Oct 22, 2019

Can we get NY offer rates as well?

    • 1
Oct 22, 2019

Anyone can comment on Houston EBs?

Oct 22, 2019

Nearly 100% across the street expect for Jefferies - 2 did not.

    • 2
Oct 27, 2019

At least 2 each at EVR and Moelis did not

Oct 22, 2019

Heard from a friend BAML NY was close to 100% for most/all groups, even historically low offer rate groups. Seems to be part of their push to grow their IB?

Oct 24, 2019

I've heard this from 2 different recruiters

  • Intern in IB-M&A
Oct 22, 2019

Some EB MBA Numbers, all NYC and approximate:

EVR: 90%

MC: 75%

PJT : 100%

Oct 27, 2019

Heard EVR was closer to 80%

Nov 9, 2019

It was 35/36 iirc

Source: EVR corporate presentation

  • Intern in IB-M&A
Oct 22, 2019

Moelis NYC summer analysts 80%

  • Analyst 1 in IB - Gen
Oct 22, 2019

Can confirm and I think LA was 100%.

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  • Prospect in IB-M&A
Oct 24, 2019

HR told me they had a 100% offer rate

  • Intern in IB-M&A
Oct 24, 2019

Maybe yield was 100%, but I know NYC SA offer rate wasn't 100%.

Oct 22, 2019

Was at MS/GS in Consumer/TMT group and our offer rate was around 90%.

    • 1
  • Intern in IB - Ind
Oct 22, 2019

Any input on Houston BBs (Citi/GS/Barcap)?

    • 1
Oct 22, 2019

GS, MS, WF, Citi (took on two additional full timers), BAML, and MS all 100% offer extended and accepted. CS - one did not accept. JPM likely had a few not accept but am unsure. Also unsure about UBS.

    • 1
Oct 23, 2019

GS took an additional full time, also.

Oct 24, 2019

What was CS rate? this only pertains to IB? What about S&T?

Array

  • Intern in IB-M&A
Oct 22, 2019

Barclays NYC: 70-100% varied by group. Most groups >80%

  • Intern in IB - Gen
Oct 22, 2019

FIG was 100 apparently

  • Intern in IB-M&A
Oct 22, 2019

Not surprised at all. That group has solid culture

  • Prospect in IB-M&A
Oct 22, 2019

Can someone comment on PWP for NY? Have heard conflicting answers

  • Intern in IB - Gen
Oct 22, 2019

I've heard almost 100 but honestly not sure

  • Intern in IB-M&A
Oct 23, 2019

85% for summer analysts (all but three)
90% for summer associates (all but one)

Oct 22, 2019

can anyone comment on UBS CS HSBC and MUFG?

Array

    • 1
  • Prospect in IB - Ind
Oct 22, 2019

Can anyone comment on Citi NYC?

  • Intern in IB - Ind
Oct 22, 2019

Does anyone know about JP NYC IBD? Saw a discussion or two earlier this summer about return rates sinking, but also heard that these claims were 1) largely exaggerated and 2) mostly aimed towards summer associates than summer analysts

    • 1
Oct 27, 2019

Bump

Oct 22, 2019

Can anyone comment on RBC's return offer rates?

Oct 25, 2019

~75% for some groups

  • Intern in IB-M&A
Oct 22, 2019

One of GS/MS/JPM Industrials 80%

  • Intern in IB - Gen
Oct 22, 2019

Anyone know about Rothschild NYC?

Oct 23, 2019

100%

    • 1
  • Prospect in IB-M&A
Oct 22, 2019

Anyone on RBC, Greenhill and Guggenheim?

Oct 24, 2019

Gugg was 13/14 summer associate and approx 52/55 summer analyst

    • 2
  • Intern in IB - Gen
Oct 22, 2019

rbc was 75 percent for ib summer analysts

  • Prospect in IB-M&A
Oct 23, 2019

Wrong. There's an article abt RBC's summer intern return offer rate, and it's 82% for summer analysts.

    • 1
  • Intern in IB - Gen
Oct 23, 2019

"RBC has reached out to us and shared that it offered 75% of all investment banking summer interns full-time gigs, and that 82% of summer analysts got offers. "

reading comprehension buddy, I said IB not all

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  • Intern in IB-M&A
Oct 23, 2019

Any intel on laz?

  • Prospect in IB - Gen
Oct 23, 2019

Heard 90% for NYC

  • Intern in IB - Ind
Oct 27, 2019

RIP Chicago huh

    • 1
  • Prospect in IB - Ind
Oct 23, 2019

Anyone got info on MMs?

    • 1
  • Analyst 1 in IB - PubFin
Oct 23, 2019

Was at one this summer. Don't have numbers but can say that the majority of SA's didn't receive an other right away in some groups. Meaning, most were either let go or told to "wait and see" if staffing conditions would be appropriate. Seems like the MMs are in a hiring freeze right now...probably in fear of diminished deal flow in certain areas due to economic conditions...

I was in the pipeline for FT for another MM and they suspended their interview process, basically saying they wouldn't be taking any new 1st years.

Fortunately, I was fortunate to get a new role at a different bank (BB), albeit in a different group - one that wouldn't appeal to everyone, but I'm happy about.

  • Prospect in IB - Ind
Oct 23, 2019

Im spending next summer at an mm, mind PMing me which ones/groups?

  • Associate 2 in IB - Ind
Oct 23, 2019

What about TD securities in NY?

  • Prospect in IB-M&A
Oct 24, 2019

I know they hired a FT analyst

  • Prospect in IB-M&A
Oct 23, 2019

Tobin & Co - 0%

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  • Intern in IB - Gen
Oct 23, 2019

false, every tobin analyst was given an offer to be Jeffrey Epstein's personal assistant

  • Prospect in IB-M&A
Oct 23, 2019

Don't let the titles get to your head buddy. If you aren't paid FT wage you are an intern.

Oct 24, 2019

OP mind editing your post to update with the banks in the thread, would make much easier.

Thx

  • Analyst 1 in IB-M&A
Oct 24, 2019

CVP (NYC): 95%

    • 1
Oct 24, 2019

Anyone know about other MMs like Piper Jaffray or Jefferies?,

  • Prospect in IB-M&A
Oct 25, 2019

summered at one of the two in a regional office, 100% for Analayst, 80% for Associate

  • Prospect in IB-M&A
Oct 25, 2019

*Analyst
plz fix, thx.

Oct 24, 2019

Deutsche NY IBD?

Oct 24, 2019

Cowen 25% RO rate...avoid them

    • 1
Oct 24, 2019

Yikes. Thought they were doing well?

Oct 25, 2019

Some groups had a rough summer. They're working on building out but at the end of the day its still HC/Canna focused.

That being said from what I hear their HC group only offered to one intern/four

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  • Intern in IB - Gen
Oct 25, 2019

Anyone know anything about the ro for gs tmt sf?

Oct 25, 2019

Interested in Credit Suisse Sales and Trading (Summer analyst) and MUFG S&T summer analyst return offer rates as well.

Whatever it takes.

Oct 26, 2019

Stifel?

  • Analyst 1 in IB - Ind
Oct 27, 2019

GS Real Estate.. low return offers. About 12 of us nationally and 4 received returns. Probably due to the recent RX of GS direct investing divisions.

  • Prospect in IB - ECM
Nov 7, 2019

REIB in their banking division or their separate CRE group?

  • Analyst 1 in IB - Ind
Nov 8, 2019
Comment
Oct 27, 2019
Oct 28, 2019
  • Prospect in IB-M&A
Nov 8, 2019