MS SA 2020 Update
Just got an email from MS saying they are anticipating a mostly virtual program with in person components for all SAs. Will be paid for the duration of the full program
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I was looking for somebody to start this thread.
I think there's a possibility that IBD start dates will get moved to July 6 like GS and JPM, and that the program will still happen in-person, but will be shorter? The email, while reassuring in the sense that we know we will get paid, was very vague and said that "most programs" will be made virtual, which also implies that some programs may not be.
I'm not sure they really know what they are going to do yet. Clearly they are trying to send out updates to answer questions, but the emails lack any sort of detail.
S&T can be placed in more structured products or sales desks. Sales, research, and structuring can give you remote work doing fundamental analysis, building basic stuff in Excel, and making PPTs. Tough if you wanted to do flow trading though - doubt you can do that.
I'm not so sure. I've heard that MS traditionally has pretty high offer rates, and I think Citi may just have forced the rest of the BB's hands. My hopes are way up but I guess we'll see
Crazy that Gorman had contracted coronavirus too..
Wow, just saw that. Thankfully he has already recovered
Yeah for sure. Leading a BB whilst battling coronavirus is no small feat
Just really hope MS would extend offers to summer interns rn. Things literally turned upside down since corona hit
Credit Suisse has not extended full time offers, just delayed summer internship. Might be exclusively Citi amongst the BBs, but am keeping hopes up for MS too.
Highly doubt this would be exclusive only to Citi. They have a pretty large class and their returns aren't far higher than the others (except GS/JPM)
Really hope so- crazy 2020 needs a bit of happiness
Can confirm that MS plans to have the majority of the programs be virtual with some in-person components included. Also, interns will be compensated for the duration of their original summer internships. This vague information makes me think that MS is planning an announcing much bigger news about their SAs in the coming days/weeks. Maybe they are just waiting to see what the other banks do before they do anything drastic.
I imagine they would also have a delayed start date if that's what GS/JPM/Citi are doing. Wonder how the FT offer situation is going to shake out with the BBs -- Citi went bold by guaranteeing FTs to their SAs and definitely put other banks in the hot seat.