Just got the message from my recruiter. The program duration will be cut to only 4 weeks, with a combination of remote learning/training and "practical" experience.
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Good look. Honestly, SAs would get a lot more out of a summer that was all training / case studies, etc. rather than 10 weeks of simple powerpoint.
Ahaha I hope so man.. Was hoping to see if the experience of working long hours was for me, but I am in a way better spot now than most millenials. I also don't have to blow $500 on state and liberty shirts
You can figure that out as a full-time as well. I’d say ~5% of analyst classes re-recruit and leave (very successfully) within 6 months of hitting the desk.
Agreed, this is the ideal model, no fluff to save face or futile attempt to try emulate the 10 week internship. Virtual is less than ideal, it's an unfortunate fact so just keep it honest and give people the most amount of training possible given the circumstances and don't waste their time any further with additional weeks of bull. Props to Stifel it's a big move, hopefully the rest of the industry follow
BB and MM niggas who’ve been clowning Stifel punching the air rn
I actually turned down a superday with CITI for this.. I was pissed, but they followed suit
So as an incoming bofa intern who withdrew my Citi app the day I got a superday invite (to give other people chances cause it'd be quite selfish) and already had an offer from Stifel, I am completely convinced that this whole quarantine + virtual internship shit is a bad joke from God.
If you had all of those opportunities, I am sure you'll be fine. You'll know how to spread comps and adjust ebitda for prostitute expenses in your apartment instead of in an office
Didn't you see the update of BAML today? We are fine lol and BAML is way better than Stifel or Citi
That's excellent. Yes, BAML is a better bank than Stifel. Thank you for pointing this out.
I’m immune to the trolling at this point lmfao. Fool me once shame on you, fool my twice shame on me /s
What was the update? Doing S&T at BAML NYC havent seen anything.
haha baml offered everyone anyway
OP is this the first communication you’ve gotten from Stifel or did they send a reassurance email like all the other banks did a month or so back?
They sent an email about 4 weeks ago saying everything was going to proceed, less the training in NYC for regional interns ( I'm with regional coverage group energy/power/ tech/industrials). They then sent a follow up today saying interns are all guaranteed a FT offer, with the start dates for FT to be determined at a later date. I imagine the fact that it has smaller groups really helped them make this decision, similar to Moelis
any other MM intern hear anything recently from HR?
OP forgot to mention full pay for the summer
Do people think Stifel is a big enough name to influence other big MM players? Ik HL shortened program without full pay, wondering how the rest of the MM (Baird/Blair/HW/etc) will follow.
how would this affect your life if a bunch of interns now say yes?
When was this communicated to you? Incoming FT analyst at Stifel and last thing I heard from them was on March 10.
This morning at about 10 EST
Got it, well congrats on the FT offer. What office are you at?
before stifel announced that they were giving out ft offers/4 week virtual, did they mention anything about virtual/a shortened internship in their previous emails? or were they vague/didn't say much and then randomly sent the email with all the details and ft offers this week?
They had just stated the internship would continue a normal, albeit, with remote training, given some interns are in regional locations. We didn't hear anything for about 4 weeks, then they sent the above ^^ . I hope that helps
anyone here from the ny office?
Oh yeah I guess no one bothered to post an update but basically that was a lie and my friend who was an SA there still hasn't heard back from HR whether or not he has a FT job more than two months after the internship ended. I'd be very careful about signing with them.
Same, heard a friend from Stifel was FT recruiting. I was suprised to say the least but I guess they were misleading or dishonest about the offers.
I was an intern there this summer and can confirm this is true - any fellow stifel interns having a tough time with FT recruiting since we technically never received a return offer? Well that’s exactly where I’m at and I’m starting to shit myself a little bit considering how late in the recruiting cycle we are at still in the dark with stifel.
I'm getting looks from smaller shops as well as more buyside type roles. It's tough but people have been generally understanding of the situation.
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