IB Summer Analyst Cancelled
Do you guys foresee investment banking summer analysts to longer be needed due to the corona virus? I’d like to hear your thoughts.
Trending Content - Investment Banking Forum
| +219 | UBS Accused of Favoring H-1B Workers While Cutting U.S.-Born Employees | 51 | 18h |
| +111 | ONLY THESE BANKS OR YOU STRUCK OUT | 33 | 2h |
| +109 | IB Energy Drink Tier List / Ranking | 72 | 1d |
| +91 | PJT M&A Group Selection 2026 | 14 | 22h |
| +54 | Firm Thinks I'm Lying About Offer | 18 | 15h |
| +51 | Feedback for internship first desk at IBD BB - personal fit, "don't be too confident" | 29 | 1d |
| +31 | Stay at Weak Dealflow Team or Lateral? | 10 | 30m |
| +30 | Does BofA still pay its associates rat pellets? | 15 | 1d |
| +28 | Indiana University Fraternity Pipelines | 14 | 1h |
| +27 | Rogo AI | 6 | 11h |
Career Resources
There are already multiple threads on this.
But to answer you question, nothing is confirmed right now. Everyone is waiting to see how things play out first.
Several other threads to look at on this but short answer is likely either remote internships or direct conversions to FT. Very unlikely to just be cancelled and for banks to scramble and run FT recruiting to fill their analyst spots for the coming year.
Interns are needed for minor tasks even now. I keep overstaffed with the corona and usually ask the starffer some help from an intern.
Another thing is that remotes SAs may not be appropiate and could lose value, and hard to know who was doing the work...
Nevertheless take for sure that they are not going to hire FT that many people, in the best case they would start as interns or OC and then many of them would be fired 2-3 months into the grad scheme. There is not spots for every intern in ANY bank
Return offer rates for interns have consistently been over 80% across the board in IB over the last decade. It’s not that far fetched to say that they would give FT offers to all given these extraordinary circumstance. This becomes even more likely at EBs where classes are small and return rates are consistently 90%+ over the decade. Now, an economic argument that banks would rather be downsizing due to market conditions is a different story and I could see that happening.
If we are talking about top banks thats not true, not even at the wider BB level. There were some easy years, still offers below 70% in most reputable banks. If you talk about boutiques and no-names cant talk.
Another thing is off cycles which tend to be on those ranges
I’m referring solely to BBs and EBs and those numbers have been pretty consistent
Sunt nesciunt dolorem ullam molestias nemo. Nostrum et officia aliquam vitae. Autem sint non qui ut. Autem asperiores similique adipisci corporis qui quos.
Voluptas minima officia temporibus totam doloribus aut. Esse necessitatibus pariatur minus eveniet rerum cupiditate.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...