Curious what happens in 2 month grad training

I'm curious why new IB grads need 2 months of training in NYC, London etc (for bulge brackets I think primarily). I know that summer interns only have around a week of training where they get taught basic val and industry knowledge to prep them. Why do new grads need two whole months of training, which is a substantial amount of time? What are they actually being taught on a daily basis, do most people take it as a free time period especially if they're travelling to a new city for their training?

Thanks

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