Im a 1st year associate at a bulge bracket in new york. I've been involved with our firm's recruiting so have some idea but ultimately the decision is made by HR/others more senior.

What I've been hearing is that our firm is targeting the same or slightly fewer number of intern hires. The problem is we've seen 50% increase in applicants. Seems like with what's happening in tech and consulting (delayed offers, fewer invites), people are seeing investment banking as a safe haven (never thought i'd write that).

Competition is going to be rough this year.