DB Interns "Eligible" for FT Offer

Looking at the other thread, it seems that most aren't viewing DB's email as giving a guaranteed FT offer. Rather, they said you will be "eligible to receive a FT offer." I'm not even interning at DB, but I would think that this IS a guaranteed FT offer for two reasons.

  1. Definition of "eligible": having the right to do or obtain something; satisfying the appropriate conditions. --- You are "having the right to obtain" a full time offer, you "satisfy the appropriate conditions" for a full time offer.
  2. Why tf would they mention FT offers in the first place if they weren't giving auto FT like I think that language meant? Of course one is able to get a FT offer from an internship. But the fact that they mentioned it and said you are eligible for one at the conclusion of the program makes it pretty clear in my mind that these are auto-FT offers.

Thoughts?

Comments (12)

Most Helpful
  • Analyst 1 in IB-M&A
Apr 27, 2020 - 12:30pm

Sorry to break it to you but it literally means what it says. You are "eligible", meaning it is possible for you to get a full-time offer after the internship. It is not guaranteed at all.

To make an easier comparison, all college students are NCAA "eligible" for 4 years. Does that mean all college students are guaranteed to play college sports? Absolutely not. You need to be good enough to get a spot on the team. Same thing here - everyone is eligible for full-time, but you need to be good enough to actually take it

  • Intern in IB - Cov
Apr 27, 2020 - 12:35pm

OP here, I totally understand this. Again I'll be at another BB this summer, so I'm not super invested in this (aside from hoping my BB follows suit). But if you are right, why would DB reiterate that all students are "eligible" for a FT offer when this is obviously how internships work? Especially given the context that a "2-4 weeks" internship is literally useless for evaluating students, and other banks are giving guaranteed FT offers. TWO weeks is not enough by any standard to evaluate someone.

  • Prospect in IB - Cov
Apr 27, 2020 - 12:35pm

Seems very much possible but it's probably going to be an office and division dependent thing where they will inform in the next few days. Most probably have headcount but some might not? Some may do interviews or case studies that dont have 100% headcount. Might be why they dodnt explicitly say auto ft

  • Intern in IB - Cov
Apr 27, 2020 - 12:42pm

Makes sense, interviews/case studies would be pretty hectic especially if they're using them to cull a lot of people. 2 weeks for an internship doesn't seem very reasonable, and perhaps groups that have capacity for auto FT for everyone will assign the 2 week internships that'll look more like a meet and greet than actual work.

  • Intern in IB-M&A
Apr 27, 2020 - 12:45pm

Having seen communication from Citi/Moelis/Blair, these banks all make it very obvious that they are giving FT offers. Why would you leave any room for interpretation? If they were committed to doing auto offers, they would make it incredibly clear.

  • Intern in S&T - FI
Apr 28, 2020 - 3:42am

same here. offers will be performance based (same as normal circumstances)

bummer....no full pay and now this

  • Intern in S&T - FI
Apr 28, 2020 - 3:08pm

If they meant guaranteed full time offers then they would have blatantly stated that. They incorporated it into the statement to ensure interns knew that there remained a possibility for full-time offers at the end of their internship. Anybody who's at DB or is remotely interested in the firm knows that they halted cuts globally because of covid so naturally full-time offers would be a concern. That's why HR/Legal wanted to make it clear that the opportunity presents itself, but not to the extent that it is freely given.

Apr 29, 2020 - 12:56am

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