Where to do an MBA internship if you want to make particularly sure you get offered a job

31 March 2011

2 minute read

Where to do an MBA internship if you want to make particularly sure you get offered a job

First, a health warning: the past is no indication of the future; things change; banks that were building, shrink; MBA students who thought they were onto a good thing, aren't.

That said, we have spent some more time scrutinising the London Business School MBA employment reports for 2009 and 2010. Interestingly, they show precisely where people interned in summer 2009 and precisely where the class of 2010 were employed.

There are big discrepancies. Some banks (Credit Suisse) took lots of interns and hired around half of them. Others (Morgan Stanley) didn't take many interns and didn't hire any of them. Still more (UBS and Nomura) hired more graduating MBAs than they took as interns.

The interns and the graduate hires could be totally different people. But this is probably not so. Equally, Nomura and UBS aren't as perky as they were and might not be such a good bet this year.

Most of all, the data below suggests this: if you're an MBA intern and you want to convert your offer, you're probably best off at a mid-ranking house with a growth plan. For 2011? Try RBC Capital markets.

Likelihood of receiving an offer from an MBA internship

1) UBS: 4 full time offers; 3 interns = 133%

2) Nomura: 6 full time offers; 5 interns = 120%

3) Standard Chartered: 4 full time offers; 4 interns = 100%

4) Goldman Sachs: 4 full time offers; 5 interns = 80%

5) BAML: 3 full time offers; 4 interns = 75%

6) Barclays: 2 full time offers; 3 interns = 67%

7) Deutsche: 5 full time offers; 8 interns = 63%

8) Credit Suisse: 5 full time offers; 9 interns = 56%

9) Citigroup: 2 full time offers; 6 interns = 33%

10) Morgan Stanley: 0 full time offers; 2 interns = 0%

BarCap, HSBC and RBS all made full time offers without hiring any interns.

AUTHORSarah Butcher

Global Editor

Al
Alex
6 April 2011
These numbers are more of a reflection how LBS MBAs are perceived/perform during the summer rather than how banks hire. Need to look at the entire pool of summmer associates and % of total offers, not just LBS
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T
T
31 March 2011
It's not a fail, I'm at LBS and I can tell you that the numbers are right.. Those who get full time offers are almost exclusively interns. More important, there's no switching between banks, so if you get the full time offer after your internship you won't be shopping for other banks!
So the numbers are fairly accurate!
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an
anon
31 March 2011
maths fail!!!
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dj
djm
31 March 2011
A: The swimming pool. Didn't we cover this earlier this week?
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Bo
BoredAnalyst
31 March 2011
you dont know if, for instance, the same 3 people who interned at UBS (plus one additional person, got an offer, so you cant be sure its a '133%' likelihood of accepting an offer!
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