Just heard returns weren’t so good. Did COVID hit them that rough? No idea on a % or how it compares to Jefferies numbers from the other day. MS should be sending out returns today. Wonder what this spells for everyone else’s numbers. Lets discuss.
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Thought RBC is a BB?
Everyone knows lower offer rates will solidify their status at the top of the heap
Like jefferies?
technically, not practically
Sheesh looking real brutal. Wasn't everyone hyping up RBC this year? Are people gonna turn on them once we get a sense of offer %
Interns, you’re being so shortsighted. The question isn’t “did COVID hit them that rough?” at all. It’s the same question every intern asks on all these useless return offer rate posts.
The appropriate thing to take note here is THE FORECAST. They aren’t giving low returns because it hit them.m, it’s what to come.
Hiring is a forward looking process m, not backwards looking. Keep this in mind before acting entitled to a full time role or when discussing a topic like this.
How much monkey shit have you got from your comments about kids not getting returns? I've seen like 20+ across 3 forums lmao. These kids really pissing you off eh?
Edit: sorry, missed your main forum. It's more like 50+ now right
Are interns finding out about return offers today?
Not sure where you heard that from but there were plenty of return offers. Then again if you ask the minority who didn't get return offers, they'll try to spin it so it doesn't make it sound like they were in the bottom 50% or lower of their class.
Whats the %
I didn't take a poll across the groups but we gave our summer a return offer in our group. I know M&A gave out a lot, closer to 100% than 50%, for instance.
All offers were group dependent I heard not generalist
I heard they were asked to rank the interns and they cut a % of the bottom (Toronto M&A)
I was cut from this class. Not sure what to do at this point. My group was 50%
Um this isn’t true at all. Two groups I know gave out at least ~80% return offer rates from what I know.
Think it was group dependent. Some were confirmed 50% and under.
Risk had practically none in Toronto, if that's of any use.
I think we're talking about real jobs
That's not very nice. May the IB/PE gods slay you.
EDIT: Accounting audit intern??
LOOOL
Where are the RBC interns claiming they’re better than BAML now?
Real BBs like MS and UBS announced 90%+ returns today
I want to believe you but source for MS and UBS? Haven't heard anything negative yet. Ik calls went out around noon
When did MS and UBS announce that? Source?
Earlier today, I go to a target and have many friends that work at both banks. Everyone I know got an offer and they were communicated that offer rates were high
How does this impact outlook for next summer??
bump
Wow this is back to back bad years for summers at RBC. Weren’t they way below 50% last year for NY as well? I mean they did fall out of the league tables so I don’t think they’re doing as well as other banks amidst COVID
No...RBC was definitely way above 50% last year
Last year, the return offer was around 85% for analysts. The 50% thrown around was a rumor for associates, which had around 68% return offer rate. Lower than normal, yes, but wouldn’t say it was that low at all
Ah gotcha. Yeah I was thinking of the combined # for analyst and assoc. my b
100% offer rate for the interns in my group
Was this a product or coverage group? Surprised to see so much variation across the board
Coverage group here the return is 100%
Offer rates in my coverage group were higher than last year.
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