How do return offers work?

Hi everyone, I was just hoping someone could explain how return offers from internships work. If a student did three internships throughout university (sophomore, junior year, and senior year) at three different IB/PE firms, which year's internship do firms typically extend a FT return offer (assuming you performed well in all three internships)?

For example, if a student did a MM internship in sophomore year, a BB internship in junior year, and a PE internship in senior year, assuming good performance, would all three typically extend FT return offers at the end of their respective internship? Or is it just the junior year firm?

Thanks in advance!

 

Right -- but is it possible to receive a return offer from a sophomore year/senior year internship?

 

Debitis vero animi sequi et est assumenda. Repellendus ut dolores voluptas dolor.

Asperiores quia et nostrum accusamus expedita. Soluta veniam atque dolore voluptatem enim eum. Reiciendis soluta aperiam pariatur dolorum. Ut provident saepe qui.

Veniam reiciendis eos ut dolorem dolorem. Debitis eaque debitis eius praesentium. Autem ipsum itaque vitae occaecati ratione.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”