Any Chance Banks REVERSE Decision to Make Internship Virtual?
Cuomo announced that "finance" would constitute second phase of NYC reopening. I think first phase of reopening is May 15. So even conservatively figuring second phase will reopen 6 weeks later, around July 1... do current FT people think there's any chance that your bank would decide that SA interns can do their internships in person, as opposed to the current "remote" plan?
Let me check my crystal ball
Opposed to the always reliable crystal ball method that you speak of, I was thinking that perhaps some FT people might have been privy to conversations some of their superiors may have had regarding this possibility.
BofA still hasn't told SA interns if they are virtual or in-person.
lmao yeah
U mean that havent told them about the FT offers yet right?
Same with CS
I do not think so. A lot of thought, preparation, and capital generally goes into planning internships (even if it may not seem so). The large banks are likely still figuring out how virtual internships will be organized and function. Changing their mind a month or less before the start date makes no sense and would not only be difficult for the banks who are prioritizing their full-time staff, but also interns who would scramble to find a place to live over the summer.
Yep, makes sense.
Having spoken to people at banks / other types of financial firms, just because Cuomo is letting people go back to work, doesn't mean individual firms will expect or even want employees in the office yet. Senior folks especially will likely still be worried about the virus, and no MD is going to want to die because some intern wanted to come into the office. These offices are likely going to be doing some sort of rotation / essential folks / people who can't WFH effectively (ie traders) only to maintain social distancing, and no way interns fit that description.
California phase 2 is on Thursday and it reopens a ton of stuff, like normal retail stores.
Possible for some banks in APAC due to lower rates of covid and generally lower intern class sizes, think this was stated in a UBS/CS/Barclays email, cant remember which one
Doubtful. Banks are still uncertain when and how their full time employees can go in , let alone flying kids in from around the US / around EMEA / APAC or from even further afield for 10 weeks. Also so much international travel is still limited and I highly doubt that we will see all governments around the world re-start it all overnight. I can't see the situation being much different by July than it is now tbh.
Agreed. You're quite optimistic about July and I reall really hope that's the case, but i don't even see how things will improve until next summer ( late 2021)
No way this virus just disappears when it gets hot, because Singapore Brazil etc. all had outbreaks. Right now we are at the cusp of reopening. I am pretty sure we will see death and cases spike several weeks from now.
Heard the Chinese are back to work but they all wear facemasks all day even at their desk. I just can't imagine that happening in midtown.
I wouldn't get my hopes up. It is kind of a major inconvenience for kids to cancel any travel and apartment plans then tell them two weeks later that they have to fly in and find a place to stay again. Plus I'm sure banks already have (or close to it) the infrastructure to have a virtual internship.
Sadly, there is no chance.
does anyone think that there is any relevance to having the antibodies to covid? i tested positive for the antibodies after having no symptoms and participating as part of a research study. i am currently supposed to work at a firm that hasn't yet made a decision about virtual / in person... i personally do not think it would make a difference but would be curious to see if someone else has a perspective on this
There isn’t enough research to know for certain if there is immunity to covid. Further, the antibody tests have been shown to produce false positives and negatives so they aren’t super reliable yet. That being said, I don’t think you testing positive will make an impact because we are just too early to know what that means.
There's a simple reason why they won't and it has nothing to do with if banks will be allowed to by the gov or if banks will want to etc etc. They won't because there's just no way that analysts would be able to get housing on such short notice. Plain and simple.
Praesentium omnis quas animi accusamus quo. Excepturi esse delectus consequatur eos quis. Provident velit optio molestias reprehenderit molestiae voluptas recusandae. Ad qui quia est et dolore.
Inventore aut nisi rerum laborum. Facilis natus facilis nobis odio aut amet at cumque. Inventore alias sunt quis. Maiores veniam temporibus sapiente hic ipsum aut voluptatem. Eum ad in provident sint tempore sed illo.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...