Banks are giving offers for two summers to sophomores?
I have seen firsthand that some incoming sophomore summer analysts at RBC and BAML got both summer 20 and summer 2021 offers in one letter. Is this new or a common thing that has just been sleeping under the radar?
I imagine this is for retention so that kids are discouraged from recruiting with other banks after their sophomore internship, and would mean they have to renege to move elsewhere.