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June 30, 2026
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How has your worked been affected with COVID-19? I am an incoming commercial/corporate banking summer analyst for a top 10 BB and wondering if I should expect to have the offer rescinded because there is little work to be done (obviously I know a lot can change between now and June 1st though). Thank you for any insights you may have.
All of CB in my bank is working from home for the time being and there's no shortage of work. There are a lot of deal amendments occurring to provide clients more flexibility during the hard times. We are also doing a significant amount of additional monitoring for clients, especially those who are most at risk. That being said, this is not work an intern would really be responsible for anyways, due to experience gap and lack of access to systems (at my bank at least).
My guess (take this with a grain of salt) is if the CDC extends the shelter in place recommendation past April 30, your internship will most likely be cancelled. My team (and the wider industry) is certainly not going to return to work in the office before that recommendation is repealed. Maybe your bank would conduct some sort of virtual internship, but I see that as highly unlikely at the bank I work at.
Networking via LinkedIn definitely helps - find professionals in the city you want to work in, connect with them, then ask for a phone call and go for from there. Feel free to PM me, I'm happy to connect and help you out.
My bank usually recruits in the Fall for our analyst program, but there are also one off positions that come up. I interviewed in May and started in July. It's never too early to reach out... I recommend getting any type of finance related internship for this Summer or during the school year next year. CB internships are obviously helpful, but I didn't have one and neither did many of the analysts in my class.