njokes:
Hi guys,

as the title asks really.

Obviously conversion rates vary from bank to bank, but is it really a case of the jobs yours to lose?

Cheers

Definitely not easy. Aside from just working hard, try to meet as many employees as you can. When they have to make decisions on who to extend offers to at the end of summer, it truly pays if many people can vouch for you or at least say they met you and that your a nice guy or whatever....just my opinion.

 

Conversion rates were way down last year -- I think some banks were down around the 20-35% range (I remember hearing from JPM SAs that it was particularly bad over there) and I definitely wouldn't say it's "yours to lose."

Like michaels said, it's important that you to get to know as many people as you can. The MDs will sit down at the end of the summer and discuss the SAs before deciding who to give the offers. If no one knows/remembers you, you won't be receiving an offer. (Just don't be remembered for the wrong things like messing up coffee/lunch orders..) There should also be networking events almost every week so be sure to go to every one of them and meet as many people as you can.

 
srvmccready:
I'm curious about conversion rates in S&T in general. At my superday at Citi, the recruiter said that every summer intern has an offer, and that its his/hers to lose. Not sure what that means, but I'm guessing the % is pretty high there.

I think every bank says that... it can vary class to class, year to year, and bank to bank. Unfamiliar with Barclays, sorry.

Jack: They’re all former investment bankers who were laid off from that economic crisis that Nancy Pelosi caused. They have zero real world skills, but God they work hard. -30 Rock
 

I took it to mean that there probably isn't a cutoff, and that theoretically if all the SA's were phenomenal they'd all get offers. She also said that 100% of those offered FT ended up taking it...

 

hi brisbane, you mean they will never refuse giving SA a full-time offer due to, say, limited FT quotas available? What if you are actually doing a good job but compared with other SAs you have no advantage. In such situation, will you be likely to get the FT offer landed?

 

Completely agree with the macroguy, just work your ass off and do an accurate and diligent job. If you start worrying about conversion rates before you even start the internship, you won't be able to give your best shot.

 

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