Barclays 2021 Summer Internship Update
Anyone receive updates about this summer?
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Got an email telling us to update our resumes ahead of group placement. They said there would be more information in the next couple weeks about WFH situation/placement.
same
I got placed into a coverage group. No word on WFH
What was the group placement process like? Ranking system?
ranking system. I wasn't a big fan
1st year analyst at Barclays here.
Summer associates just got placed today. No summer I’ve talked to have heard back from Barclays HR regarding WFH internship.
Barclays HR is notoriously terrible. Summer of 2019 interns didnt even find out their team placement until a week before the internship started.
In your opinion, do you think it will be in-person? It looks like GS and JPM may be.
what advice do you have for giving myself the best chance of a coverage group placement for barclays this summer (analyst)?
Delete
is barclays hr always this slow lol
Barclays HR has always been a shit show. Don't expect to hear anything until mid-april at earliest, anything before that would be out of their norm.
Can confirm SA19 nobody got their group placement until the week of the internship starting - and if you haven't been networking the last 3 months for the good ones you're probably gonna get screwed into fig/industrials/ecm
Why are industrials/Fig considered getting screwed? I feel like I've heard everyone bash, various coverage groups, at Barclays besides Power. On the other hand, I've heard ppl say every coverage group at Barclays is great because M&A is done inside of coverage groups.
Industrials/Tech at Barclays are brutal work-life wise, FIG pencils you into FIG unlike (for example) GS FIG, but Tech is cool enough that a few people still want it, whereas very few people want a less-interesting & equally-grindy Industrials stint or to be pigeonholed in mid-tier FIG.
So the groups are not necessarily not reputable or bad but just sweatshops?
Industrials is a sweatshop, FIG is fine but like every FIG group besides GS FIG is generally avoided because it tends to box you in more for exits (like RE groups). If you're looking at associate level stuff, FIG is probably fine to be a career banker, probably not the case for Industrials/Tech at Barclays where even the asscs/vps get grinded heavy (this is all based on my own recruiting process, incoming FT analyst)
This is 100% accurate. There are mobility programs to move to other groups within the bank, but they are competitive and they aren’t immediately available. The main formal one is if you stay a2a. Both groups are fine for deals and the like but you’ll get worked for sure. Also, both groups have tried their best to improve the situation, but I don’t know if a ton has changed recently. FIG is a bit more technical, but not insanely so and I think I’ve generally heard that from friends doing FIG at other banks. Recent departures in FIG have been a bit tough depending on the vertical you work in, not sure about industrials.
No idea wtf is happening with the summer program. Can confirm that HR is generally not helpful or particularly expedient ever. I like the people in hr a lot as people, but I think they’re trapped by bureaucracy and senior management not making a decision on wfh for summers or full-time. I hope you all get some clarity in the coming months and have great summers whether virtual or in-person.
Anyone have information for group placements for Public Finance, Corporate Banking, S&T...? Do you typically network for group placements in these roles or is it more of a random process?
What do you guys want to know from HR? I'll email and find out, and get back to this thread.
I think folks would love some update (even if there is no decision yet) on the internship's location status (WFH, In-person, hybrid). Most of my classmates at other banks are receiving communication on the topic. The summer is only a month and a half away, and people would like to start making accommodation and plans for the summer.
Alright, I touched base with HR. Long story short, they are working out exactly what the program will look like and should have an update within the next few weeks.
That being said, personally I will be shocked if anyone's forced to come into work. Personally I'll be working from home probably most of the summer if not all of it.
I've asked them for more details whenever they have some, and if they provide any more I'll get back to you guys.
+1 on what the other individual said — my friends at my uni are all making summer plans based on where their banks have told them they'll be, and they're already signing leases without me. I will be pretty boned if it's in-person and they don't tell us till mid-April.
This isn't professional advice but worst case scenario, if you move in with your friends and the program is in person (or optionally in-person), you can go into the office. If you move in but the program is fully WFH, you can always do it while being in proximity. That all depends on your financial situation and if the rent cost for the 10 weeks is material to you or not.
Any word on FT orientation start date or FT WFH decision? Still no word.
Also for FT S&T? Buddy of mine also hasn't heard about that
(edited to clarify for FT, not SA)
Also starting in research and havent heard anything either lol. Wonder if they forgot
FT stuff didn't get decided until much later last year... I forget exactly when but it was in the previous thread. I don't know whether this is later than other banks, but yeah it might be like 1 month prior to your training start date.
Virtual, but they want us to live in a commutable distance? Not really sure what's up with that. Starts June 21, 8 weeks.
Can confirm. They plan to host in-person sessions so they are recommending we are within a commutable distance. Offer letter mentioned expect a 10 week program so not sure if they'd give us the full 10 week pay or just the 8 week.
I believe all the banks gave full pay last summer (even for 5 week programs), so would expect the same. Idk how I feel about having to work off my Mac. How are we supposed to find a place in NYC when we don't know when we're supposed to be there for the in-person sessions???
Anyone hear anything about FT (incoming analysts)?
Bump
Any word on FT?
Any updates on Barclays Summer Internship in terms of background checks,group placement etc...?
Would love to know what's happening with placement too...
Anyone know if Barclays does a drug test?
They do not
Any S&T C/O 2021 here? We've started a groupme if you want in
What's C/O
is there any sort of gm for IB?
I'm C/O 2021 in S&T! Would love to be added to the gm
update: got the email about ranking groups
Got the email too but the link is not working. Is yours?
nope glad I'm not the only one
Anyone know if we will still get the $2500 housing stipend mentioned in the offer letter?
Did you get a Barclay’s buddy email and they are not from group you wanted or networked with?
May I ask when you got the Barclays buddy email? The only email I've seen is the virtual networking email...
Yesterday around 5:30pm US eastern time was the email to rank your group choices.
Today, the email from a “Barclay’s buddy” ( an introduction) Its informal. I assume they are emailing on their own time. So you might get one soon
Is anyone else's group placement link still not working?
Mine is not. I am concerned
Ye, someone will def respond to the email and tell them... Just don't want it to be me
SOLVED: Click the link below Step 5. Skip steps 1-4. Should be self explanatory from there.
Is everyone getting emails from different groups but not from the ones you want?
Yea I got 4 -- I think it's mostly the groups that don't have super confirmed kids they're already taking, so if it's a group you'd be interested in you'll probably get it. But P&U doesn't need to send out emails haha
What groups did you get the email from if you don’t mind sharing?
To all incoming interns, how does your WFH setup look like? Not sure we'll get any real work this summer, but still feel like I need to level up from my Mac.
I got a 28 inch monitor that I hook my laptop to. So now I have 2 screens, my laptop screen and my monitor, it's awesome. Then I connected a blue tooth mouse and a keyboard so I don't have to hunch over on my laptop keyboard to type. I like the set up a lot so far.
Sounds like a good idea. What kind of monitor did you get?
Anyone's buddy not reach out lol?
I haven't gotten an email lol
same here
No email here.
No buddy email for me yet
looks like nobody heard back from their buddy, so I wonder if it'll be someone from our group once that's figured out.
Did the summer associate GM link that was sent around on the zoom networking event not work for anyone else?
How did everyone find today’s virtual event? Was it useful?
I thought it was fun
I could not attend. Do you know if it might be a problem?
Did people find out groups tonight?
I don’t think so
I think their rankings are due in a few days
yea I recall reading on the app that they have until June 3 to finalize so we should hear back then. I'm hoping by end of week
Anybody not get a group ranking email?
I got mine, but FYI it's due tonight so you should reach out to HR asap
Incoming FT here. Did you guys ever get a list of emails to reach out to for each group? Or is it all just leveraging your existing network
we didn't get anything, have to do on your own
My Barclays buddy never reached out and barely any of my HR emails have gotten responded to. If anyone is living in NYC this summer and knows what they are doing, please reach out, I am new to the city and could use some help with where everything is and how to get by.
Did anyone hear anything about results of background check or I9
Or its usually silent if all is ok?
didn't hear anything, which is probably a good thing im assuming
Did anyone hear back from HR regarding group placement? How is it still possible that we have no idea which group we are joining lol
The groups were supposed to rank us by june 3. I am hoping HR will match and notify shortly after
Did anyone get verbal offers?
I think it now says that they were supposed to do so by June 1st
Still no group placement? Has anyone heard when?
nothing yet
Nope
When do you think we will get official group placement? Was there any communication from groups or HR after you submitted ranking? I got nothing
Also will they confirm the pay? 8 weeks or 10? Did anyone hear anything?
Is there a group chat for us? Who is in NYC or in the tristate area? Did anyone meet up?
I have not received any emails from either HR or the groups after I ranked the groups. Last year, apparently, everyone placed a week before the start of the internship which was understandable in 2020 but a little strange in 2021... No confirmation regarding the pay
Anyone know if Barclays has any summer analyst perks?
Is there a 2021 SA groupme? If not, anyone wanna make one with me?
^^^
Would be interested as well. Please pm if there is a chat
Interested
I'll make one - PM for the groupme link
For some reason my comment is anonymous on my end - pm me I made a groupme.
there’s a groupme link for IB and all analysts as well from the orientation. Hmu if u need it
Can you share it? I was not able to attend the virtual event
Just received contact info for my buddy. Anyone know whether they’re supposed to be in the same group as you?
My buddy is from a different division. I hope I am not the only one.
Same. My buddy is from a different division too
You are not the only one.
Those who got a buddy that is in a different division are you guys in the markets or banking division?
My body is from my 1st choice group. Does it mean anything. Did anyone get a body from their #1 ranked group?
Product or industry?
Industry
Is the buddy supposed to be from our group?
Thats what we are trying to figure out
I work at Barclays. The buddies should be in the same office but not group-specific.
thanks for letting us know. have you guys finalized groups yet? any idea when we should expect to be notified?
When you say office do you mean that coverage and product are separate offices?
Does anyone know if we would still be getting our relocation allowance? Would our stipend be decreased to 8 weeks from 10 weeks?
no idea but my guess is 8-week pay and we still get relocation bonus since they're recommending that we stay near NYC
Will they ever officially tell us about pay 8 wks vs 10 or we will just find out when paid?
I feel like they would've already communicated if it was the full 10 weeks pay because we would have to complete direct deposit stuff. Unless we hear about that this week, I would assume it's 8 weeks.
Did anyone’s buddy respond?
you should've received contact info for your buddy from HR. I reached out and they did respond
I did and I did. Mine did not respond:(
Group placements were sent out
Yup,, first choice hallelujah
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