SA 2021 In Person w/Vaccine
Any thoughts if SA 2021 will be in person if we can get vaccinated by then? if so, NYC interns where are u looking for housing?
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how far in advance do u have to look for housing usually
Everywhere I inquired, was told too early and to reach out in March/April. I thought that would be too late. The prices are low in NYC now. If things get back to normal, Prices would go up
It’s not getting back to ‘normal’ anytime soon. In NYC at peak you used to have to go look with the broker and be ready to write the check same day basically. There is a TON of supply, you do not need to rush. There is not going to be some miraculous rebound in prices in NYC anytime soon. My old building was something like $4500 for a 1br, before I moved out they offered me one for a little over $2k.
Looking at where we are with vaccine manufacturing capacity right now and risk group priorities that US will take in vaccinating individuals, I think there's a less than 33% chance individuals in your health and age bracket will have access to a COVID vaccine by the time SA 2021 rolls around. Late '21 to early '22 will be a more likely timeframe for young adults to get vaccinated and a general return to a more "normal" work environment.
Having said that, will there be SOME in-office component of SA '21 by then? Perhaps. But I'd be surprised if 100% of it was in-person due to not being close to herd mentality and still needing some precautions then. But I've seen a lost stupider policy decisions made over the course of this last year so who knows.
Also, you may be moving to FL or TX for your internship by then rather than NYC...
Agreed, I think the ~30% chance is a reasonable estimate. I think some of the people here who are newer to banking do not understand how slow these places move with any task at all. This is going to be a monumental undertaking for them with god knows how many people and divisions involved.
I can’t see things being in person this summer.
I’ll be in SF and they said they’d give us at least 30 days notice on in person versus remote. Really hoping for the best, but the vaccine rollout has been slower than ideal.
I’ll be in SF and they said they’d give us at least 30 days notice on in person versus remote. Really hoping for the best, but the vaccine rollout has been slower than ideal.
I can potentially see a hybrid model where we might start later (i.e July) or alternate a few days virtual & few days in person. Based on Dr. Fauci’s recent comments we could, best case, have the vaccine widely available to the public by April.
The only big issue is, how quickly after April do you vaccinate those remaining 100 million adults aged 20-49 that aren’t essential/high risk. If that takes several months going into fall, it might be tough to do an in-person SA.
I find it highly unlikely there will in-person SAs next year. Return to the office is slow/reverting. Virtual SAs didn't work out too badly so it may make sense to repeat them for safety's sake
What about incoming FT?
I have no info whatsoever, but my personal opinion is they will start virtually and come to the office after the training when hopefully the COVID situation is much better.
Incoming FT and the analysts in are group told me most people aren’t returning until after Labor Day and I should plan to be remote all July and August. The seniors want to spend the summer in the Hampton’s.
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