Yale School of Management Draws Record Number of Banks for Annual SuperWeek
While some students have yet to return to campus from winter break at the Yale School of Management (SOM), others have already started receiving internship offers for coveted spots at major investment banks. The offers began rolling in midway through SuperWeek, which began January 2nd and wraps up today, the school reports.
Each year, Yale SOM hosts a week of finance interviews, called SuperWeek, before recruiting for other internship positions begins. This year, a record 11 banks took part in the recruiting event. Goldman Sachs, Morgan Stanley, Credit Suisse and others are among firms that regularly return each year. This year two new banks joined for the first time, Perella Weinberg Partners and Peter J. Solomon Company.
Even though Yale SOM’s Career Development Office (CDO) states that “employers cannot extend offers until 5 p.m. on Friday of SuperWeek,” a post on the Yale SOM Community Blog by Senior Communications Writer Karen Guzman reported that some students began receiving offers by midweek. The CDO does not condone “exploding offers,” namely ones that would require a response from a student before he or she has completed all SuperWeek interviews.
Of the Class of 2012, 32 percent accepted internship positions in financial services, including 21 percent in investment banking. The median weekly salary for these internships was $1,923, according to a Handbook for Recruiters distributed by the CDO. Thirty-nine percent of the Class of 2011 accepted full-time job offers in financial services, including 27 percent in investment banking, according to the CDO. The median post-MBA salary for these graduates was $100,000.
Learn more about Yale SOM’s Career Development Office.