What's the process like for return offer?
I've heard that some firms like Goldman Sachs that they don't let you know that you got a return offer until few weeks or two months after the summer program. Is this common for other BBs/EBs?
How does the process work? I thought the return offer is given out in-person meeting during your last day of the internship? Does this mean we will be in the dark until the offers are "sent out"? Full-time recruiting starts around July and I personally would not mind signing right away if I get the return offer as the firm/group is my top top choice.
Does HR simply send you a employment offer later without saying anything?
Bump
Bump
It differs depending on the group/country you're in. I've seen BBs that give out offers on the final day in their S&T and Cap Mkt groups, while IBD had to wait a week. EBs can also vary greatly depending on the country.
Best thing to do is to ask HR or full-timers how the process will work for you.
Most BBs in the US do give out offers the last day (or second to last day) in my experience. You may or may not be in the dark - you should use your feedback session mid-summer as a guide for whether you are on track or not - but sometimes they are purposefully vague about that. All you can do is do your best and work like a fiend so they absolutely want you back.
Bump. More insight on this would be appreciated. Also can you guys also tell us about how the meeting unfolded and how the return offer was given out?
For summer associates, almost all of my MBA friends at different banks found out about offers on the last or second to last day of the internship. Main exception I can think of was those at offices outside the U.S. which some had to wait a week after finishing to find out.
Our meetings were quick, like 5 mins or so. They called my desk phone and asked me to come into one of the MDs offices. In there was an MD and the staffer, and they said they enjoyed having me on the team this summer, blah blah. They asked if I enjoyed it, etc. but didn’t pressure me to sign on the spot or anything. None of us at my bank that got offers signed on the spot. But they gave an envelope with the formal offer letter as I walked out the door and that was it. Pretty straight forward.
Meeting was with an HR rep. They give you the verbal and the letter and then kindly escort you the f**k out through a hidden hallway.
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