I just assumed most IB analysts and associates are working remotely from the NYC apartments. But have some actually taken off to their parents' homes away from city/out of state? And if so, is this looked down upon by higher-ups?
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Depends on the make up of the group.
Some associates with spouses abroad left, some analysts and associates went back home for various reasons.
This is not looked down upon...we're in a pandemic here, as long as you're healthy and able to work remotely I think you're in a great position. Unclear why you'd think it'd be looked down upon. Banks are hoping everyone is healthy first and foremost regardless of where you are.
The new question is: what will 2nd year Analysts do? Depending on certain factors (i.e. NY just extended the lock down as per the governor a few minutes ago), they may just mail in their laptops and IDs and transition to their new PE roles once their contract is up.
Oh, you're saying maybe 2nd years may never step foot in office again... yeah, that would be weird. Are second year contracts generally up in the summer?
Most of the analysts in my group have left nyc and its been almost a month
You get a relief on your rent? Or is that one reason you moved out -- lease was coming up, and you didn't want to renew?
No rent relief most of us have leases going until july/august (coincides with analyst cycles)
Its unfortunate but at least its free housing and meals back home
Most people I know have left to go back home with parents. Certainly not frowned upon.
My entire bullpen has left the state with the exception of the 2 kids who grew up in the city
Just echoing what others have said, but most people have left the city that I know including myself. Very glad I went for a cheap apartment for the first year.
And for NYC, what do you (or most first years in IB) consider cheap?
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