Internships end today at a few banks (Credit Suisse, Evercore, Jefferies) so wanted to get a thread started. Will update today when I get my group's return stats.
City: Bank: Ideally name the bank but BB/EB/MM is fine Group: Industry / Coverage Intern class Size: Offer rate: Base: Signing bonus:
| +285 | Return Rates For Interns Are Falling? | 117 | 9m |
| +126 | Article: Why UBS's Asian M&A bankers are thriving and UBS's American M&A bankers are not | 13 | 5h |
| +114 | I am a drunk MD AMA | 39 | 1d |
| +79 | UBS Offer Day | 27 | 4h |
| +64 | VP Lifestyle at Top BB Coverage Groups | 40 | 2d |
| +57 | An Outsider’s View of RX Banking Out of College | 6 | 5d |
| +51 | No return so what are the options left | 32 | 33m |
| +47 | Evercore > Goldman and I don’t think it’s particularly close anymore | 26 | 17s |
| +41 | WF Return offers | 28 | 2h |
| +41 | I hate Wells Fargo | 9 | 5m |
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Just name the bank goddamn it, everyone is gonna post anonymously anyways
Also base
Added
Bump
Bump
Bumperoni
Bump
City: Houston
Bank: Jefferies
Group: Energy
Intern class Size: 5 Summer Analysts, 2 Summer Associates
Offer rate: 7/7, 100%
Base: tbd
Signing bonus: tbd
Only 5 SANs, that’s lower than any of the solid BBs or boutiques.
That is lower but that was because the group was pretty conservative when recruiting last year. we recruited a total of 8 analysts for FT 2021 and a total of 10 summer analysts for SA 2022.
Jefferies looking very good in terms of return rates. Don’t have the total numbers yet but everyone seems to have gotten offers. Offer letter out Monday.
Agreed - pretty sure most of the groups are probably looking to hire more. My group is literally turning Business down because we don’t have capacity. Expect an updated base figure on the offer letter.
bump - what were the offer rates at CS/Evercore like?
near 100% across the board, had to really screw up to not get a return. I know at Evercore some interns got FT PE offers so they might leave.
Curious about return rates in RX groups (EVR / HL / PJT / etc.) now that the storm has passed?
Friend said they’re p much all 100%
Makes sense, those 3 NY classes combined are like half the EVR M&A class.
Do you know how interns are judged in rx? Seems hard to add value in the beginning given the complexity of deals.
Anyone know SVB Leerink offer rates?
bump
not sure probably pretty good cuz they were understanding of Wfh. signing was 10+5.
Anyone know what EBs have said in their offer letter that haven’t announced pay bumps yet? (PJT/CVP/Laz/PWP)
Laz announced bumps, heard that signing bonus was 10K + 5K for early acceptance
Any idea on associate bumps? Considering pursuing a lateral
Piper Sandler. Associate: 50k signing, 175k base. Rates look high.
NYC
Mid-tier BB
FSG
12 interns
100% offer rate
TBD
TBD
City: NYC
Bank: Upper MM/Lower BB
Group: Coverage
Intern class Size: 28 (associates)
Offer rate: Nearly all from what I know
Base: $175k
Signing bonus: $60k ($40k bonus, $10 early signing, $10 relocation)
BofA Palo Alto SA
Offer rate - mostly everyone
Base - 100k
Signing - 10k
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