RBC was brutal for returns

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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Comments (42)

  • Intern in IB - Gen
Aug 7, 2020 - 1:21pm

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 %

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  • Investment Analyst in PE - Other
Aug 7, 2020 - 1:23pm

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.

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  • Analyst 1 in IB-M&A
Aug 7, 2020 - 10:58pm

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

  • Associate 3 in IB - Gen
Aug 7, 2020 - 1:36pm

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.

  • Associate 3 in IB - Gen
Aug 7, 2020 - 1:38pm

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.

  • Intern in IB - Gen
Aug 7, 2020 - 1:59pm

Think it was group dependent. Some were confirmed 50% and under.

  • Intern in IB - Gen
Aug 7, 2020 - 2:22pm

I want to believe you but source for MS and UBS? Haven't heard anything negative yet. Ik calls went out around noon

  • Analyst 1 in IB-M&A
Aug 7, 2020 - 4:36pm

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

Aug 7, 2020 - 10:14pm

rip

What concert costs 45 cents? 50 Cent feat. Nickelback.

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