Banks need to notify their interns as soon as possible about the summer situation, whether it is being delayed or virtual or the situation with offers.
Students are extremely stressed with planning for the summer and figuring out housing.
What do you all think about this?
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agreed! they have been telling us to wait and that they are monitoring the situation for a month and a half now. considering these offers started being handed out a year ago/last spring, and were supposed to start in a little over a month, we really need answers. i don't know what to do about my housing and I only have a short window left to cancel, not to even mention the stress we've all been under regarding the status of these internships we worked so hard for
If you can’t handle the “stress you’ve been under about the status of your internship” I don’t think you’re going to be able to handle the stress of the job dude.
Not sure I’d say your MD being up your ass about a deck for an “important” meeting tomorrow or whatever is as stressful as wondering if you’ll have an internship at all, if you’ll get money from the summer you might need, what the status of your full time job is and if you’ll be on the hook for thousands of dollars of housing you might not need.
Edit to clear up any misinterpretations: I am very aware it’s not just MDs making the decision. I’m saying I don’t agree with the commenter above me’s claim that if you think this uncertainty surrounding the internship is too much that you can’t handle the stress of investment banking. I’m saying I think this uncertainty is more stressful than the stress you’ll experience in this job (commonly caused by some senior banker being up your ass about a meeting or whatever that’s very soon and they think is very important)
You’re acting as though you’re the most important asset at the bank. Understand the need to know sooner rather than later, especially as it pertains to moving. But chill out. These people are trying to manage their business through a pandemic. They’re not just sitting around twiddling their thumbs saying screw the interns.
Why not just get an apt in NYC regardless? Even if internship is remote, it would have advantages vs what, staying with parents and fighting over space/wifi? Worst case scenario is that you "waste" money on an NYC apartment (probably a steal right now) and enjoy a summer working remotely there when you could've saved a little money not renting that apt. Big deal. Still more fun and what about later in summer when things ease up, youd be able to meet some of the bankers in person for beers and whatnot.
Lol it shocks me how stupid some of your posts are... you realize there are cops stations at NY / NJ / PA borders right now stopping people from coming in and out unless they have a reason that corresponds with the associated state's quarantine measures right?
"Enjoy a summer working remotely in NYC" yeah it's all sunshine and rainbows with the dead streets, closed bars / restaurants / shelter in place mandate, and the ice trucks filled with dead bodies along the NYU hospitals... real peachy over here.
you are a fucking fool. I have gone to NYC, what you describe does not exist. Furthermore by mid July 100% non essential will be back to work (in my estimation).
Since the anonymous fucks can't do a simple search:
If you must hit the road Do your research beforehand. Go to the official website of the state and localities that you are traveling to — and those between. Some states and municipalities are setting up border checkpoints and screenings, which may affect your trip, though no state has blocked through travel.
Before a longer trip, speak with a health care provider and get your vehicle checked for maintenance. Contact hotels to be sure they’re still open.
Check for open rest stops along your route. They vary by state, but as gas stations are essential businesses, they make a good option for restrooms. Pack food or plan for drive-through and carryout options only.
Don’t leave the driveway without packing necessary travel documents, including health insurance cards, along with ample snacks, water and, of course disinfectant spray and wipes.
Truck stops and travel plazas are still open, but you may notice a few changes on the roadside. Many locations across the country have transitioned to curbside or takeout options. Additionally, some locations have installed tap and pay machines to limit person-to-person contact.
No state has blocked drivers from passing through on their way to their final destination.
Some municipalities are adding restrictions of their own. In New Jersey, the city of Newark, and the nearby towns of Irvington, Orange and East Orange are turning around drivers seeking to cross their town lines whose travel is seen as nonessential.
The restrictions came on the heels of New Jersey Gov. Phil Murphy’s executive order restricting movement in the state, which currently has more cases than anywhere in the country except New York.
Officers will stop drivers to determine their reason for being on the road and issue summonses for any nonessential travel.
“We’re doing this because we want to save lives,” Mayor Baraka said. “And the quicker we do it, the longer we do it, and the better we are at obeying this, the more lives we save and the quicker we can get out of this situation.”
Yeah bring all your documentation and good luck explaining to them that you moving to NYC to get some networking done is considered "essential travel". You get paid well though so fuck it, what's a few hundred dollar citation / summons right?
I was waiting until some others called you out for how ridiculous this take is to make sure I was reading this correctly. I don’t have much else to add other than that you are a fucking idiot for telling kids to go rent out a apartment in NYC of all places now and that they will go to “bars with seniors in late summer” unbelievable.
imagine your entire division getting shut down 6 weeks after signing a year lease in a city you've never visited. happened to me in my first job post-college. shit happens in uncertain times. you can either sulk and hope the bank lets you know some good news or you can continue to pound pavement, keep putting lines in the water, and focus on things you can control.
your choice.
I get your slightly annoyance, but welcome to the real world. This pretty much sums up most trading days. You can be all smart and have a game plan, but at the mercy of central bank, politician, and some other dude's decisions. All we can do is be patient, and be that best prepared of the 'class' when it happens; the winner is the person that's best prepared.
I am sure you can find a bunch of other people who are also worried about where their housing need to be for the summer. Think about how you can hedge ur bets.
What is the downside of clubbing some other worried prospective interns and rent a place together already? How much will this cost you? What is the downside if you didn't sort out housing until the last minute? How much will this cost you?
Everything has a cost and you need to know what your downside and make a decision and if that decision turn out to the wrong then you have calculated the risks of alternative and given the information you had this one is the best decision.