Bain is now giving guaranteed FT offers to all interns

Question

In response to both BCG and McKinsey guaranteeing FT offers, Bain is moving to guarantee FT offers for all interns due to the virtual environment in which they are conducting their internship. Guess this doesn't bode that well for FT recruiting in the fall...

nu · Accepted Answer

McKinsey vs BCG vs Bain comments in 3...2..

leltec · Answer

I'm calling it, we're going to compete with each other over perception right into bankrupcty.

"Hey F* you Bain, you doubled salaries to signal confidence in the middle of a massive recession? Well guess what, we're going to triple salaries!"

Maybe that's the whole plan. Play chicken with your competitors till one breaks from overconfidence. Sounds like a very McKinsey thing to do BTW - I'm going to blame them.

mbbthrowawaysummer2020 · Answer

FT this year could be significantly harder than years past:

1) Recessionary risk makes it such that these firms may decrease overall class size.
2) Recessionary problems make it such that a greater % of interns accept than would normally, decreasing the number of fulltime spots
3) While these firms typically give ~85% offers, a 15% delta is big, also decreasing the number of FT spots. 
4) Firms were already moving towards taking more and more summers
5) Lack of other opportunities / other industry's lesser resilience could make it such that more people apply to consulting firms.

Berinkles · Answer

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Bain is now giving guaranteed FT offers to all interns