Hello folks,
For Barclays, did anyone hear anything from people working there? If so, what is their 2020 summer intern future looking like? Obviously they can't extend FT offers like Moellis does for all interns. Yet just wondering what are your thoughts given the current uncertainties. Thanks.
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I'd think most BBs will follow suit
CS and BarCap are pretty comparable with Citi and BAML. DB and UBS are another story...
Why is it obvious that BarCap won't extend full-time offers? With the recent news of Moelis and Citi, it would seem most BB/EBs will do the same (assuming no drastic change in staffing needs).
Barclays return offer rates are better than GS/JPM/MS/BOFA so I agree here
The best that I've heard so far is from current bankers at the director ish level who are saying delayed start is basically a certainty at this point with virtual being an option. Although this obviously sucks right now, I guess two positives we can get are that a, if there was a real danger of cancellation people wouldn't be talking to us for group selection rn and b, barclays HR is always p slow anyway so this doesnt seem out of their relative norm
Delayed start or Virtual is what I believe HR is trying to work out now. On our team, we would vastly prefer to have an internship program of some sort instead of canceling the program and giving out FT offers. The internship program is a really important way to train people and get to know them. I believe we could still somewhat effectively train people to model and work on deals, even if virtually. That being said, who knows what the senior leadership will decide. Again I would prefer to work with students virtually than not at all, as it doesn't add to any chance we'll catch a virus since everyone's WFH right now anyway.
From HR's perspective, they are working hard to figure out what to do. We are NOT going to rescind offers. I wish the timing was quicker as well, but please be patient.
No way barclays cancels like cantor fitzgerald right?
No, 0% chance
Echoing this -- 0% chance and I know that HR/business management is working hard to coordinate this effort. Thanks for everyone's patience, I can't imagine how y'all feel.
I touched base with HR, and a few notes:
Thanks for everyone's patience.
I honestly don't know. It depends on whether they shorten it, how long, etc. and precedents from other banks probably. It may or may not be part of this next announcement, not sure.