Does MB(and presumably soon B) giving auto full-time offers to interns make you think twice about banking versus consulting?

Uhh what? If auto FT offer would be such a decisive factor, I can also just go to Blair instead of GS. It doesn’t mean anything. I’d rather earn my FT offer than get it out of pity.

Unless you are a genuine case of someone ‘falling’ into the work, most people have a good understanding of the work and industry.

Giving automatic offers for consulting doesn’t make me want to pursue IB any less nor would automatic IB offers dissuade me from pursuing PE and so forth.

Like you acknowledged, MBB internships are way more selective than MBB full-time hiring. As a result, their return offer rates are typically around 95%. This means if all three firms gives FT offers (at this point, it's very unlikely Bain would) they overhired like 30-40 people (mostly MBA's) as a collective, across all offices in the country.

That's very different than banking, where internships are the main talent pipeline, and giving everyone an offer would be around a 50% increase in hires for some firms.

I think people in both consulting and banking are very aware of this reality and so while I totally understand that bankers are hopeful, it's unlikely that firms as prestigious as McKinsey are going to shift the way banks operate. The nature/purpose of the internship is different, and so are the talent numbers, and I think people know that.

You're right about the impact on reputation. Particularly in this economic state, Citi and Moelis are going to end up with some bonus points for the next few recruiting cycles

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