Barclays 2021 Summer Internship Update

Anyone receive updates about this summer?                                                                

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Comments (147)

  • Intern in IB - Cov
Mar 15, 2021 - 8:38pm

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. 

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  • Analyst 1 in IB - Cov
Mar 16, 2021 - 8:02pm

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.

  • Intern in S&T - FI
Mar 17, 2021 - 1:06pm

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 

  • Associate 1 in CorpFin
Mar 18, 2021 - 1:57pm

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. 

  • Intern in IB - Gen
Mar 18, 2021 - 4:51pm

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.

  • Intern in IB - Gen
Mar 18, 2021 - 7:13pm

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)

  • Assist. VP in IB - Cov
Mar 21, 2021 - 11:51pm

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.

  • Prospect in S&T - FI
Mar 17, 2021 - 2:49pm

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?

  • Associate 1 in CorpFin
Mar 22, 2021 - 2:05pm

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. 

  • Works at Barclays Capital
Mar 22, 2021 - 10:46pm

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.

  • Intern in IB - Gen
Mar 22, 2021 - 7:05pm

+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.

  • Works at Barclays Capital
Mar 22, 2021 - 10:56pm

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.

  • Incoming Analyst in IB - Gen
Apr 26, 2021 - 10:10am

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)

  • Analyst 1 in Research - Other
Apr 26, 2021 - 2:57pm

Also starting in research and havent heard anything either lol.  Wonder if they forgot

  • Intern in IB - Gen
Mar 25, 2021 - 1:33pm

Virtual, but they want us to live in a commutable distance? Not really sure what's up with that. Starts June 21, 8 weeks.

  • Intern in IB - DCM
Mar 25, 2021 - 1:37pm

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.

  • Intern in IB - Cov
Mar 25, 2021 - 1:42pm

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???  

  • Intern in IB-M&A
May 26, 2021 - 3:20am

Anyone know if we will still get the $2500 housing stipend mentioned in the offer letter?

  • Prospect in IB-M&A
May 26, 2021 - 7:39am

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

  • Intern in IB - Gen
May 26, 2021 - 4:11pm

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

  • Intern in IB - Cov
May 27, 2021 - 7:08pm

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.   

  • Intern in IB-M&A
May 27, 2021 - 7:32pm

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. 

  • Intern in IB - Cov
Jun 1, 2021 - 11:38pm

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.

  • Prospect in IB - Cov
Jun 3, 2021 - 3:18pm

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

  • Prospect in IB-M&A
Jun 5, 2021 - 10:44am

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?

  • Prospect in IB - Cov
Jun 5, 2021 - 3:18pm

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

  • Intern in IB - Gen
Jun 7, 2021 - 1:12pm

Those who got a buddy that is in a different division are you guys in the markets or banking division? 

  • Prospect in IB-M&A
Jun 7, 2021 - 1:07pm

My body is from my 1st choice group. Does it mean anything. Did anyone get a body from their #1 ranked group?

  • Analyst 1 in IB - Cov
Jun 7, 2021 - 7:17pm

I work at Barclays. The buddies should be in the same office but not group-specific. 

  • Intern in IB - Cov
Jun 7, 2021 - 8:55pm

thanks for letting us know. have you guys finalized groups yet? any idea when we should expect to be notified?

  • Intern in IB - Cov
Jun 8, 2021 - 12:12am

no idea but my guess is 8-week pay and we still get relocation bonus since they're recommending that we stay near NYC

  • Intern in IB - Cov
Jun 8, 2021 - 9:09pm

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. 

  • Prospect in IB - Cov
Jun 11, 2021 - 6:22pm

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  • Prospect in IB - Cov
Jun 17, 2021 - 6:51pm

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  • Works at Barclays Capital
Jun 21, 2021 - 10:33pm

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  • Intern in IB - Cov
Jun 30, 2021 - 1:01pm

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