Curious. Do people think that banks will follow one another and give high offer rates across the board? I guess offers are different since they're technically not public unlike how banks explained what their internships would look like back in May.

 

Is it for the NY or London? I heard that in the past few years the London S&T return rate has much lower than 100%. Would be surprised if they give near 100%

 

Spoke to a VP at one of the big shops (GS/JPM/MS) who said it will be entirely desk dependent. There are a lot of competing factors: trading revenue has soared but there are few people leaving at the moment, very hard to assess people virtually etc.

So he said hard to predict overall offer rate but it will just be each desk's individual decision whether they like/need their intern.

 

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