NOTE: This is a rewritten and revamped version of an article that appeared on the site a long time ago (~7 years ago). The market has changed, recruiting has changed, and my advice on this topic has also changed.
So it wasn’t exactly a great year for return offers from summer internships.
At some banks, the conversion rate was under 50%.
At others, the rate was a little higher, but it was still far below the 80-90% you might see in “good years.”
So if you didn’t get a return offer, are you screwed?
It’s not the end of the world, but failing to get a return offer from an internship can make it a lot harder to start a career in finance.
And it’s incredibly frustrating because your return offer, or lack thereof, often relates more to office politics or deal activity than your performance.
But if you handle it correctly, “no return offer” just means you might have to delay your real career a bit – not give up on it entirely.
Here’s what you can do to get back on track ASAP and win a full-time role:
Why Does a Return Offer Matter So Much?