Is 2021SA going to be in-person or virtual?
Has anyone heard anything from their office/HR yet? Haven't heard anything (NYC EB office)and analysts in the office don't even know.
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I think it’s almost guaranteed that it will be virtual which freaking blows.
I say this because I think we will probably see another pretty big wave of covid in April/may as a result of variants. Just a prediction tho
Virtual.
BofA sent an email to the interns along the lines of "Last year's virtual internship program was very successful. We hope to make this year's program just as successful!"
When was this email sent?
sometime last week
Did bofa internship virtual last summer and it was honestly a good experience and learned a lot. They did a really good job.
Could you elaborate more on your experience?
I've forgot many details, but to sum it up, there was a week of good training on accounting by a third party that was taught well and then went through a week or two of projects with other interns across all business lines/ learning about the bank and doing projects/cases on a macro level about the Bank and spend a lot of time actually learning what bofa does and how they operate, not necessarily anything about your specific job. Both projects had winners but it actually didn't matter, my team was all on the same vibe and just decided to take it easy on the projects, plus 100% offers lol. We did enough to get by. Since all of your meetings are done otp or Skype/webex, you have to be a social person, being a quiet shy nerd will make you stick out like a sore thumb. Me and my peer mentor whom was an analyst were required to have a call each week to discuss what we learned, but it always turned into a covo about Golf, Basketball, or what bar we were hitting that night. Anyways, after those weeks we went into our groups and its different for each one, but we had presentations and speakers from each group throughout the week and would work on little projects. My day was usually 9-4:30 with a lot of downtime. add in an hour for lunch from 12-1 and the days are easy. Then we had a final presentation about what we learned and a bio about ourselves. takes like 3 minutes and is in front of people on Skype.
It will be virtual
Most likely Virtual, Ive been told by mine that its all but certain ill be doing it online.
Anyone have insight on whether programmes will be full-length or shortened to 5 weeks like last year? And whether interns will be staffed on live deals?
Depends on the bank, last year my bank shortened their program but staffed interns on live deals.
I doubt banks will shorten the internship. I believe they shortened it last year because they didn't have enough time to prepare for the internships.
Agreed, Most banks had successful virtual programs so they'll probably just do the full 10-weeks. Worst case you'll get paid for 10-weeks while doing 5 weeks.
I know at least for myself that Analyst training for my bank is virtual, So safe to assume the internship program will be virtual :(. I have some friends at other places saying their analyst training is online so that probably speaks for their intern classes too, but can't confirm those.
what type of a bank it is for you?
Middle Market
Banks have already sent out updates to incoming FT? Thought they usually wait until onboarding to do that as opposed to SA which usually sends out frequent communication due to there being more interns.
LOL had to edit cause I read that wrong. I got an email from HR a few weeks ago, talking about "virtual orientation". They also mentioned onboarding but no clear date yet for me.
Do undergraduate summer analysts typically get company swag lol? Bags? SHirts? Patagucci?
incoming SA at MM, I got company swag
Whad they send ya?
I got the proverbial “banker bag” before the summer started and then every other week got a care package of branded items / swag. It was almost an overwhelming amount of branded goodies but I assume they just had to use up all the SA budget despite the virtual format.
If it's a 10 week virtual program, I can't imagine how bored interns would be since they probably aren't gonna be given substantial tasks.
If you're staffed on live deals then it's going to be rough. If not, which I feel will happen much less than last year, you're gonna be getting paid $40/hr to watch Netflix for half the day.
Realistically how can a virtual intern even contribute to live deal work? The only thing I can think of is CRM management, admin tasks, but you really think interns will be able to help with marketing materials/diligence at all?
Some people were bored out of their minds, others got staffed up the ass. I hope for your sake you'll be as bored as you think right now
RBC confirmed virtual yesterday.
Deadass?
Anyone hear what FT training programs will be like?
Virtual lol
Ouch
1
I think Moelis will be virtual, though not 100% sure. Though they said even if they return in the office, it would be voluntary for first few weeks/months.
Wait why do you think so? Did the firm say anything about this? I haven't heard anything yet
Virtual.
Biggest worry is will we still be doing WFH when the new hires that interned during the 2020 summer start. That cohort was going to have a serious uphill battle, and this is assuming we're back to normal when they hit the desk/start as FT juniors. It's going to be even harder if we're still remote come fall, making it harder for them to play catch up.
Damn, don't say that I was hoping for at least a hybrid schedule after virtual training.
Virtual
BMO is 10 weeks virtual confirmed
Is this Chicago?
If things are (likely) virtual, will there be restrictions on where interns can live for the summer domestically?
No, but as other people have said on here it’s definitely recommended to stay within an hour of the same time zone.
Any update with Citi?
Bump
Nothing yet - just a generic location survey
CS is starting virtual with voluntary in-person starting in July. Seem to be taking the same strategy as Goldman.
is this FT?
At least one division at Baird is virtual.
JP Morgan will be bringing in S&T and IB interns into NY and London offices this summer.
So is it 100% in person for y'all or is it partly in person?
Any information on virtual/in-person for JP's San Francisco office?
UBS is virtual for Americas. Kill me.
Evercore CEO just said he wants people back in office by summer. Don't think they have officially announced for interns yet
Business Insider reported that citadel will be in person, other funds virtual
CVP just told us that we'd have a one-week virtual training but the remainder of the internship would be in-person
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Good sign for the rest of the banks that haven't announced yet.
More so for the EBs. CVP only has ~20 interns in NYC and 300 employees total, logistically it's not that bad. The BBs and large MMs have thousands of employees in NYC, they may be more likely to just go virtual to avoid the hassle.
oh that is clutch
Morgan Stanley 2021 SA for NYC offices is virtual, announced a week or two ago
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Also interning at Citi. Just wondering where you heard this?
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Jefferies said they'll hold the internship virtually
Virtual until further notice. HR will give updates on when we go back to the office and if we need to relocate.
virtual but they wanna get us in the office at some point
Anyone know anything for Barclays NYC?
Was told virtual but they want interns in the city for in-person events. Honestly I think (and hope) it will be a hybrid model where we come in a few days each week.
They sent a follow-up email that the in-person events are 100% optional. This makes me think the events aren't really that important? I'm guessing HR events/firm-level stuff. Curious to hear your thoughts.
Evercore not said anything either way yet for London, Citi just confirmed London is virtual, MS London starting virtual but possibly in person later
And then theres GS who have said it will all be in-person. Surely other banks will have to reconsider being completely virtual?
Nah bruh no one gives a fuck, too much work to switch to in-person.
Truist virtual
At least one division at Goldman Sachs announced in person for the entire internship.
all in person (after 1 week virtual training) at GS Americas
PJT hybrid
What does this mean? Virtual training and then in-person after?
is this confirmed for NY?
no sorry this was what I heard from my friend at a satellite office
Morgan Stanley NYC is starting virtual with "in-person opportunities" down the line (whatever that means, very vague). Any chance MS might switch it to in-person either from the start or further down the line, especially now since Goldman and JPM are in person. Virtual really blows and I would take any chance to be in person tbh.
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