Hello,
I will start working FT in NYC in 2020. For now I heard most banks will still start their training on time in July or late summer, although the training is now virtual. I am trying to figure out when I should start leasing an apartment in the city ?
Also, would be curious to hear what other banks are telling incoming bankers when they can expect to be in NYC.
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bump - also interested
im personally moving into NYC in July just to get settled in and starting virtual FT training in Aug
Why would you want to pay NYC rent to just sit at a computer when you can live expense free in your parents' house?![]()
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parents live in another country far far away so i'd have to pay rent either way
I have been hearing 2021 at least by multiple people including those work in NYC outside of finance. COVID is not going away anytime soon especially with a potential of a second wave. NYC is barely starting to come back from complete quarantine.
arent financial services employees considered essential workers though? also are traders going back to the office earlier since they cant do that stuff from home?
Investment Banking can be done WFH. No MD wants to get sick so they probably won’t be in the office.
As an incoming first year, I'm concerned that virtual work will slow the process of getting up to speed and becoming a productive member of the team. What are your thoughts on this?
From my time as an SA I understand the work can be done from home, but I do feel that I learnt best looking over the shoulder of an experienced analyst/associate and talking through things.
I can add my perspective as I started my analyst stint a month ago because of a group specific shortage of analysts and hiring needs. You're right that starting from my parents house has been pretty overwhelming at times. I have literally no idea what Im doing half the time and the pretty high expectations from my Associate are still there. The learning curve has been pretty damn steep even after my internship last summer. The worst part is being in my room alone all day with nobody in the cube next to me to ask a quick question for clarity so I can get back to my work, I'm constantly calling the 2nd year analyst or associate asking for explanations on whatever task im handed, I feel like a nuisance at times but everyone pretty much understands the boat I'm in and I'm a blind man walking right now. At the same time I was forced to pick a lot of things up on my own that I think will help with my overall development down the road.
I definitely am looking forward to going into the office whenever that will be. WFH is awesome but IMO as a first year analyst being in the office is an important part of picking up the skills to be a better analyst and value add.
Traders "can't do that stuff from home?" They all did it from home during the most volatile time probably in the market's history, and things went fine.
Moving in August. Supposed to be in office in late August/early September
Yeah that ain’t happening chief
the move in part or the be in offie by late aug part?
Would start a new lease in mid September or early October.
Agreed. I honestly would not be surprised if we don’t go back this year at all
Also NYC-- moving 7/1 with virtual training starting on 7/6. Not expected in the office until mid-August. Did it only because I got my place for a steal.
Has anyone's bank communicated when they expect offices to reopen? A lot of our leases are probably ending within the next month or two, so interested to hear if people are signing new leases or staying out of the city for now.
NYC based analyst here at MM. No return until 2021. That will be the standard for most places
Has this been confirmed and announced to employees in your NYC office? My bank still hasn’t said anything except that they will continue to evaluate the situation
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