Haven't heard anything from HR and trying to figure out if I need to find housing in NYC. Has anyone heard whether or not their internship will be in person or online? Trying to figure out what the general sentiment is.
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I know BofA and Wells are online. I don't think MS has announced yet.
Since when did Wells announce?
Wells HR had an info session at my school and the HR lady told us that summer 2021 was going to be online.
I don’t think BofA has announced yet...heard they’ll announce in March
I dunno. I have a friend doing BofA in NYC and that person told me they were told it would be online.
BofA will 100% make it virtual
I made an OC internship there recently, their policy is to take absolutely zero risk. In Europe no one has set a foot back in office since March 2020 in IBD, so it is very unlikely that they will bring interns.
Haven’t heard from Wells but I believe they will tell us in a meeting early March
I just said that because Wells had an info session at my school, and HR there told us they planned on virtual.
everyone in baml is wfh till at least eoy
Is this confirmed?
Starting full time this year at an EB, and when asked if training over the summer would be in person I was told the assumption (as of now) is that training would be virtual but they hope to have some people coming into the office by the time we hit the desks. Don't know if this helps at all, but I think it's fair to hold off on housing for now.
How long is your training expected to last? A few weeks, a month, 2 months?
Starting mid-July, expected to last roughly a month.
Virtual
Very high chance that it's virtual. With the start of internships being about 4 months away with wide scale vaccination probably not happening for another month or two there's no way they're going to do in person even if the situation starts to improve. Theres a lot of planning that goes on behind the scenes to make in person happen and I dont think banks will take the risk of getting these things setup to have to say in person wont be happening at the last minute. Banks would need to give everyone at least 2 months heads up to let people know of their decision and I dont think that they can make a decision in April especially as we'll prob see a small spike with these new variants
RBC and BMO is online.
Since other major banks across the spectrum have announced online you best believe the whole street will be virtual this summer.
Smaller banks might be able to do something in-person but I would plan on being remote unfortunately
Following
JPM sent out an email that made it sound like we're going to be in person at least part of the time, but they purposefully tiptoed around it so that it wasn't a strong declaration
MS hasn't said anything but speaking to my contacts, it will most likely be online. Friend of mine at GS was told the same.
Any boutiques heard anything?
That's the million dollar question. Gonna differ bank to bank. My firm wants people in person but I think they're currently being too optimistic.
Are there restrictions on where summer analysts can live if it's remote?
There shouldn't be. Last summer we could live anywhere (I remember there was one guy in Greece, this was NYC office)
JPM said training will be virtual, but blurred the lines after that saying HR will provide more information on when to book travel and accommodations. Coin flip at this point.
rly tough for anyone to give a clear answer. no one knows. it's too far away.
Everyone wants in person but the logistics to make it so are difficult. You also have full time staff that are still in split ops so there is little sense for SA interns to be in person if teams are split or WFH, from the bank’s perspective.
My thought would be to hold off on housing as long as you can. There’s a plethora of deals and apartments to find so you’ll be able to move quickly if things improve and you learn differently. Until then, no point to commit to something.
For full time starters, much the same – I find it hard to believe that any bank will commit to what a start looks like, be it for training or otherwise, this far in advance.
Anyone know if GS SA will be virtual, hybrid, or completely in person? Will it be a company wide policy or will each location make their own decision?
Haven’t heard anything official yet
Incoming SA at MM in Research. Just got confirmed will be fully online. Management was hoping for half in person/half online.
You mind saying which MM?
Hoping mine is virtual. I’ll save so much on housing and I live in FL so everything is pretty much open down here.
Nothing official but have been told by HR that almost certainly virtual. I’m basically looking into what my WFH setup will be at this point.
what firm
What about Asia offices?
Bump. Any other banks announce yet for SA?
No idea if factual, but a couple other associates passed this around
https://www.wsj.com/articles/well-have-herd-immunity-by-april-116136697…
Bump/follow
Anyone heard from boutiques? Specifically NY
Morgan Stanley just emailed- Summer 2021 will be virtual
Dang it.
Anyone hear about any other BB? This really sucks though.
All BBs gonna be virtual no point in asking every day. Too many logistics that are behind the scenes for in person to even happen.
Bump. Any other banks update?
GS sent an email today to say that no decision had been taken yet but they still hope to make it in the office. They confirmed the full pay and full duration of the internship
Saw the email also, seems like good news to me.
If it is virtual, does anyone know if they would be the full 10 weeks? I’ve heard from people at Wells and BofA that there internships got shortened to 5-6 weeks and they just spent time doing case studies and non deal work. I’m assuming this was due to the lack of planning for virtual last year, but does anyone know if this would happen again?
do you know what's going on with wells for summer 2021? recruitment team hasn't given any updates about housing or location or anything
We have a SA meeting a few days into march so I would assume they are announcing it then and giving more details.
GS told us today it’s be a full 9 week run and hinted at the idea of partial in person...i doubt the last part
Can confirm GS email. Optimistic since America will probably be better by early/mid July based on the models these days. Only time will tell....
Any EBs been told anything?
Moelis is online - not sure if they're giving out guaranteed return offers.
Wait Moelis is online?? When did they announce that? I'm incoming and I haven't heard from HR yet. So sad rip
RBC said virtual but also to not make housing plans?
Wouldn't that make sense... virtual so don't make NYC housing plans...."
Follow
There’s literally no chance at all of in person internships for any recognizable bank that is current WFH.
For everyone who's gonna be online for Summer 2021, are you guys planning on staying home with your parents/in your apartment/relocating elsewhere? What are y'all thinking
Might get a place in Florida with a couple of buds, no use sitting home
Wells just confirmed virtual, email seemed to leave the possibility of in-person open but feel like that's a pretty slim chance.
It won’t happen IMO, would have to run a lot of stuff up the ladder last minute for that to happen
MM in SF confirmed in person
Can you share which company?
bump
UBS announced virtual. Got this email last week:
Friend at GS S&T said they're in person
Confirmed in person or trying to be in person?
I guess trying since theoretically they could go virtual at any time. "Planning" for in-person is probably how to best describe it
What about GS IB?
same trying for in person
Anyone know anything for Citi NYC this summer?
havent heard really anything from HR yet
Yea bump they sent out a questionnaire a couple weeks ago but nothing yet
Same. I filled out the survey, but nothing yet.
following
Apparently BCG is in person
What office? When did you hear?
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