Full time offer after summer internship

You will get an evaluation meeting with your team and/or HR at the very end of your internship and then you'll know whether they will extend you an offer or not.

MY bank said offers r only extended 6-8 weeks after end of internship... whihc means i will be back in uni for my final year by then...

yeah... "officially" they're extended several weeks after you finish, as in: you get all the HR paperwork and whatnot. However, as rembrandt said, during your internship you will have several "feedback" or "evaluation meetings," and the last one of these is called an "exit interview," which takes place on the last days of the internship. During this time, you will get a wink wink nudge nudge "hope you'll be back next year..." type of speech if they want you. In other words, you'll definitely know before the internship ends.

I got my contract on the last day of my internship, which I had to return in 2 weeks time. Sgt_hippo: be glad that your firm is extending offers only 6-8 weeks after the internship: you'll be able to interview with other firms if you'd like to (unless your university has agreements with employers for not giving out exploding offers).

thanks for the replies guys... basically in my company we have 3 forms of evaluation whihc overall adds up in deciding whether we get an offer

Mid-term appraisal >> finished and manager ticked yes on the column whihc asked "would you recommend this candidate for hire"

Final Appraisal >> happening in 2-3 weeks time

Presentation to senior management >> in 2 weeks

i'm not sure which constitues the highest weitage... would love to receive any feed back with regards to this

another thing... whose has the say in hiring you?? yr manager or HR dept?? can the HR refuse to hire you even if your manager wants you back??

According to me, your team has the final say in hiring you. The presentation to the senior management is a way to provide your manager an unbiased outside opinion on your abilities based on your problem-solving and presentation skills, but your manager is the one who has seen you working for 2 months.

HR certainly does not have the final say in hiring you, as they don't know anything about your actual performance other than what they hear from your team. However, HR does have the ability to decline you an offer if your credentials are not correct (e.g. False GPA or not meeting certain criteria, but this will only happen after the background screening for full-time hires.)

Some banks will formally extend offers on one of the last days of the internship (MS, Lehman, Bear come to mind). Others will wait for a few weeks, but your final review should give you a good idea as to what news you can expect.

The people you've been working with all summer are the most important to impress - senior people will rely on their feedback when they're deciding whether or not to give you the offer. Make sure you make a good impression on the senior managers when you do get a chance to interact with them, if only for a brief presentation. Like rembrandt said, HR doesn't have any real impact on the hiring decision as long as your credentials are in order.

hey guys... so what it basically means regarding the final presentation is that... whatever those senior management people pick out from my final presentation will be passed on to my manager to aid in his/her decision making??

so all in all it comes back to my manager who has the final say??

Obviously all hiring decisions are different, but generally: yes, your team (not only your manager, but other colleagues you work with as well) has the final say.

See an internship as a 'trial period' in which your team assesses your potential. If the final decision were to be made by the senior management (at your presentation) or by HR, would an internship then be any different from an assessment centre?

By the way, my claim is based on empirical evidence: I screwed up at the final presentation (senior management believed that I had absolute no clue what I was talking about, which was reflected in my final evaluation notes), but my team thought my performance over the summer was terrific, hence they asked me to re-join them for fulltime.

the team here in this case refers to the people you work with right?? it does not include the director of the overal group under whihc yr team is right??

There are fewer spots for internships than full-time. It's also more work (and probably costly) for a bank to setup internship programs than full-time.

But then, it doesn't make sense to say that an internship is a "trial period"... As i see it, a decision to hire for full-time should take more in consideration than for an internship.

Or am i seeing it all wrong?

When you're at an internship with a company, then it's your trail period. They'll give you an FT offer or not. If they don't, then you're rejected for full-time(I think) from that company.

For other companies, where you haven't interned, obviously they have to go off of something else.

Thanks for the replies guys.... keep it coming....

so just to check with you all... does it mean that we will know whether we have gotten a perm job during the last week and just that the contract is offered a few weeks later after the paperwork is done or will i only officially know whether i got the job a few weeks down the road after the end of my internship??

and will they inform those who are not being a perm job the bad news?? or will they juz not contact them anymore and expect them to get the hint that they r not being offered a job...

You will get detailed feedback at the end of your internship. You will then be explicitly told whether you'll be extended an offer or not. They won't let you be guessing, coz what's the point of that? Why would they wait a couple more weeks? Most probably your team already know whether they would like to hire you after working with you for less than a month...

caus i was wondering... our final presentation n final appraisal is done on the final week... so its abit cramped... some divisions have their final presentation like the day before the last day when internship ends although my division's final presentation is 3 days before the end of the internship program...

so i was thinking how is it possible for them to make up a decision n let us know whether we made it in a couple of days or even 1 day for some interns... or is this the norm everywhere??

another thing is there are a couple of interns who joined 5 weeks after i started due to some things they had... so they will be ending 5 weeks after i started... maybe that is why they need abt 6 weeks before communicating the job offer??

So how long do you have to accept the offer, once you recieve it.... Is there enough time to review other potential offers you might have upon graduation or do you have to give them a reply before that?