Summer Internships being cancelled? Is it possible?
Hello Monkeys,
Given the current coronavirus situation and what is happening in the markets (especially today's oil prices and equities reaction to it) I started to ask myself, if it is possible that the Summer Internship programmes will be cancelled?
Have you ever heard about something like this occurring in the "bad times" like 2008?
Scared monkey with tons of student debt at a European target school and no FT offer.
Incoming restructuring interns, prepare to get crushed
Incoming restructuring SA - do you think there's no chance my internship will be cancelled?
no, if one is at risk all summer analysts are at risk. just bc youre in restructuring doesnt mean you arent replaceable.. anyone going into M&A, cap markets, or corp finance advisory can do restructuring just as easily
By skipping the summer, do you mean rescinding offers or just offer SAs full time positions?
The BB I'm set to intern at this summer recently sent out an email saying for now they don't expect to change anything and if needed they'll move remote -- but they assured as they won't outright axe us. If they ever do go back on that I'm guessing things will be bad enough that a summer internship will be the last thing on my mind. I did hear though that a friend of an acquaintance (so take this with a grain of salt) with a summer offer at a large prop trading firm was canceled, although they're getting full pay + guaranteed FT offers.
Can you clarify if it is the case for Europe (London/Frankfurt) or the US?
Okay guys, so BNP Paribas has started cancelling London Summer internships.
Yeah odd that’s 6 days ago he was wanting to take a non finance internship at BMW and now all of a sudden landed a SA at a bank. Doubt it. So maybe stop trolling?
Cue "one of these is not like the others" meme lol
did anyone ask?
My BB just sent out an email saying that there will most likely be a late start date/ virtual internship but interns will be compensated for the full period.
Guys... I really hate to break it to you... but your internships will be canceled. We're still in early innings for this thing.
https://www.zerohedge.com/health/some-bad-news-jpm-what-happens-after-w…
Why are you so insecure that you keep going around to these forums and telling kids their internships are getting cancelled despite that fact that many banks have assured kids they will not be and that they will be doing online? I don't get how you can speak with such certainly given that no one knows what is going to happen. Go deal with your problems some other way.
Because the financial industry has far bigger problems right now than giving two fucks about interns for ten weeks
lmao yeah this guy is so annoying he just keeps going around shitting on incoming interns and copy pasting his stupid shit story
dude has some serious insecurity issues and is so arrogant and is generally all round not a nice / polite person