I had a friend (in a diversity program) who got an offer for two summers at BAML, meaning if he went there sophomore summer he was required to come back again junior summer. Kind of an asshole move, but it makes sense considering sophomore interns are really just a recruiting pipeline for the banks to bring in diverse people (no sophomore is adding any actual value), so makes sense for the bank to want to actually get some return on that investment for another summer.

 

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