Will incoming analysts this year even move to NYC this year? Bulge Brackets
As we all know, investment banking analyst programs at bulge brackets is starting online/virtually. Some banks have told their employees that it is WFH optional for the rest of the year.
Is it even likely we will be called back to the NYC office this year as an incoming first year full-time?
I know no one has an answer, but I thought it would be interesting to hear people's thoughts.
Honestly i doubt it, if schools aren't opening up they won't open offices
At best we they'll open up the office to say 50% capacity, and that 50% id imagine would largely be composed of more senior people
Junior employees will likely be in the office before senior employees but my BB hasn’t even started to think about when we’re coming back.
Lots of firms are “optional” but most of the teams will be going back, obviously if you’re high risk it’s different for you, but across the board once 1 senior person goes back all the juniors will feel pressured to do so.
Also, as of today, NYC is doing great in terms of cases and positivity %, so I am not too concerned about going in (going to uber instead of subway though). I’ll be going in personally.
This ^ I already could guess the 2 senior people in my group that will be there minute 1 of us being allowed back...
And if the rest of the analysts/associates have decided to come into the office and you’re at home, probably won’t have to worry about coming in... (obviously not talking about people with legit reasons to hold off going in)
My group head keeps saying oh yeah it’ll be optional for the group based on your personal comfort level and individual circumstances even if the bank starts bringing bankers back. Lol if that were true, I’ll see you in 2022 (maybe the Christmas party of 2021 just for fun). Reality- once I hear my MD is rolling in on Metro North, I’m on a fucking blade, car, horse back to New York. And will probably play it off like I’ve been in the office a couple days already (depending on who else is there and might rat me out). If there’s one thing I’ve learned is to always try to big dog a story with the MD so might end up being more like “I’ve been in the office by myself since mid-March like fucking Tom Hanks in Terminal living off the vending machine and the abandoned cafeteria using the gym shower”
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The waves going up and down are really going to determine things, so I’m leaning towards unlikely. Also, remember that there are strict protocols for traveling into NY at the moment, and that many analysts have left the city (as well as the fact that many of the incoming haven’t even found housing yet and will have a difficult time doing so).
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