Barclays 2020 Summer Intern

Hello folks,

For Barclays, did anyone hear anything from people working there? If so, what is their 2020 summer intern future looking like? Obviously they can't extend FT offers like Moellis does for all interns. Yet just wondering what are your thoughts given the current uncertainties. Thanks.

WSO Elite Modeling Package

  • 6 courses to mastery: Excel, Financial Statement, LBO, M&A, Valuation and DCF
  • Elite instructors from top BB investment banks and private equity megafunds
  • Includes Company DB + Video Library Access (1 year)

Comments (89)

Learn More

300+ video lessons across 6 modeling courses taught by elite practitioners at the top investment banks and private equity funds -- Excel Modeling -- Financial Statement Modeling -- M&A Modeling -- LBO Modeling -- DCF and Valuation Modeling -- ALL INCLUDED + 2 Huge Bonuses.

Learn more
Funniest
Apr 8, 2020 - 6:48pm

CS and BarCap are pretty comparable with Citi and BAML. DB and UBS are another story...

Array
  • 3
Apr 8, 2020 - 6:23pm

Why is it obvious that BarCap won't extend full-time offers? With the recent news of Moelis and Citi, it would seem most BB/EBs will do the same (assuming no drastic change in staffing needs).

Array
  • 1
  • 1
  • Intern in IB - Cov
Apr 8, 2020 - 6:50pm

Barclays return offer rates are better than GS/JPM/MS/BOFA so I agree here

  • Prospect in Other
Apr 8, 2020 - 7:28pm

Clearly that is not the case anymore because of Citi. Just shows how little some of these people on WSO really know... FT offers is definitely a possibility now and more likely than not I'd assume that Barclays and BAML will follow.

  • Prospect in IB-M&A
Apr 13, 2020 - 3:32pm

Bump bump. Anyone heard updates/insight info/rumors recently? Seems like Barclays is the few that still haven't sent out updates recently compared to its peers.

  • Intern in IB - Gen
Apr 20, 2020 - 11:41am

The best that I've heard so far is from current bankers at the director ish level who are saying delayed start is basically a certainty at this point with virtual being an option. Although this obviously sucks right now, I guess two positives we can get are that a, if there was a real danger of cancellation people wouldn't be talking to us for group selection rn and b, barclays HR is always p slow anyway so this doesnt seem out of their relative norm

Most Helpful
  • Works at Barclays Capital
Apr 20, 2020 - 12:59pm

Delayed start or Virtual is what I believe HR is trying to work out now. On our team, we would vastly prefer to have an internship program of some sort instead of canceling the program and giving out FT offers. The internship program is a really important way to train people and get to know them. I believe we could still somewhat effectively train people to model and work on deals, even if virtually. That being said, who knows what the senior leadership will decide. Again I would prefer to work with students virtually than not at all, as it doesn't add to any chance we'll catch a virus since everyone's WFH right now anyway.

From HR's perspective, they are working hard to figure out what to do. We are NOT going to rescind offers. I wish the timing was quicker as well, but please be patient.

  • Prospect in IB - Cov
Apr 20, 2020 - 1:36pm

Has anyone heard about group selection yet or from HireRight? (London IBD)

  • Intern in S&T - Other
Apr 20, 2020 - 1:48pm

I haven't heard anything re Hireright since the initial email that said we would receive an email from them soon. I'm also London, anyone heard anything further would appreciate the heads up!

  • Prospect in IB - Cov
Apr 20, 2020 - 2:02pm

Good to hear, seems we're all in the same boat. I'm sure they'll update us soon!

  • Prospect in IB - Cov
Apr 21, 2020 - 2:46am

Hireright will not contact you due to legislation. You'd have to e-mail HR to see if you'd passed the screening

  • Works at Barclays Capital
Apr 21, 2020 - 5:50pm

I touched base with HR, and a few notes:

  • HR working with leadership to modify plans for the internship; in all likelihood the internship start date may be delayed and the program may be shortened
  • There needs to be a coordinated global effort across all business areas, which is why it has taken a while and there is no broad update yet to share
  • Expect an email within about a week or so to all candidates
  • No changes to incoming grads (FT hires) yet

Thanks for everyone's patience.

  • Intern in IB-M&A
Apr 21, 2020 - 7:12pm

What are you guys doing in terms of housing? i was able to get out of mine for the summer for a full refund but don't want to get screwed waiting too long to find something else if it does end up being in person

  • Intern in IB - Gen
Apr 21, 2020 - 7:19pm

Honestly if it's an abbreviated in person program airbnb might not be a terrible option-and if that's not then i don't think subletting will be either, at which point we'll be going virtual imo

Apr 21, 2020 - 9:51pm

Theres a lot of supply on Airbnb right now and some deals all throughout NYC. For subletting you should be able to get very good deals as it's likely that those at NYU, Columbia, FIT, Parsons, etc... will probably be going home or will have already been gone since around March. These people wil want to try to get as much money back as possible so I'd expect to see a lot of deals in about a few weeks.

Array

  • Intern in S&T - Equities
Apr 29, 2020 - 12:02pm

Got an update - delayed start on July 6th, shortened 6 week program, still deciding between virtual and in person internships. Full compensation for the 10 weeks.

  • Associate 1 in IB - Cov
May 1, 2020 - 12:36pm

Thanks for this - I assume this is from an internal source at Barclays? Any word on how this decision will impact the FT program, or is this still being discussed? Curious about training start dates and whether or not it will be virtual (I assume likely!). Cheers!

  • Works at Barclays Capital
May 15, 2020 - 2:26pm

Consequuntur fugiat voluptatem error. Neque est totam voluptatem laudantium nihil magnam mollitia ut. Adipisci deserunt voluptas nobis accusantium officia hic. Enim deserunt ut sed tempora illo.

Aspernatur omnis quasi aut corrupti reiciendis sunt. Libero ipsum rerum nostrum perferendis dolor molestiae. Et a ut facilis officiis dolorum dolores. Eum velit magnam labore voluptatem rem et occaecati. Ab quia ipsam voluptatem.

Eaque velit aut atque est. Animi ut nobis consequatur non quia et. Vel deleniti iste repellat corporis. Repellendus nulla sint aperiam eius voluptatum quisquam.

Est omnis quaerat nobis deserunt recusandae quo. Tempora ut quae exercitationem deserunt. Itaque quis quos nobis voluptatem sed corrupti reprehenderit ut. Accusantium aut officia atque molestiae aliquid aut. Nemo aut sit facilis voluptates. Dolorum fuga quos id nobis sunt ut nobis.

  • Intern in IB - Gen
May 15, 2020 - 2:29pm

Animi libero doloribus perferendis itaque illum. Et ipsa dolorum magnam sit id accusantium quaerat. Voluptatem qui voluptatum et error. Non asperiores rerum voluptatibus.

Laborum necessitatibus unde minima possimus recusandae voluptate. Quaerat officia consequatur iure et debitis molestiae quae. Temporibus totam nihil distinctio.

Deserunt quo a et. Mollitia animi veniam perferendis autem. Est voluptas facere facilis quas excepturi. Quod iure perferendis culpa aut. Quis corporis accusamus officiis voluptatum.

Start Discussion

Total Avg Compensation

November 2021 Investment Banking

  • Director/MD (10) $853
  • Vice President (40) $360
  • Associates (234) $234
  • 2nd Year Analyst (144) $156
  • 3rd+ Year Analyst (34) $154
  • Intern/Summer Associate (107) $146
  • 1st Year Analyst (511) $136
  • Intern/Summer Analyst (392) $83