2019 Return Offer %

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.

 
Funniest

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

 

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.

 

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

 

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.

 

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.

 

"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

 

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.

 

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

 

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.

 

REIB in their banking division or their separate CRE group?

 

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