Drug Tests for incoming SA/FT analysts in midst of corona?

Can anyone lend insight into how drug tests will be performed for the incoming summer and full time analysts. (Obviously, this is only relevant for banks and offices which mandate drug tests). If they are traditionally slated to occur in early May, will that change/not be required this year?

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Comments (70)

  • Intern in S&T - Other
Apr 11, 2020 - 4:21pm

Not for companies that deal with the federal government that are still subject to federal law, and weed is (sadly) still federally illegal. Most BBs are G-SIBs and deal with the federal government, therefore, not illegal to drug test.

HOWEVER, without naming any banks, a few of the top 5 BBs do not drug test from talking to my friends that incoming FT.

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Apr 15, 2020 - 2:37pm

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  • 2
Apr 12, 2020 - 3:18pm

I know people who have received emails for drug tests so I would tread carefully here - especially if you are under 21. Drug test centers are essential services and are open for you to get tested if your company requests.

  • Intern in IB - Gen
Apr 14, 2020 - 7:22pm

The question you need to ask yourself is: is it really worth the risk? We all have our own ways of kicking back, but is it that difficult to stick to the drink for the next couple months? You do you man, but corona or no corona, you need to weigh up in your mind the risk/reward, the probability vs the payoff and make your peace either way.

Apr 14, 2020 - 9:17pm

Man....this forum really highlights the embarrassing drug problem so many people have. I always thought that blue collar workers who are less educated are more likely to use drugs, but this forum makes it seem like it is simply not true.

  • Intern in IB - Gen
Apr 15, 2020 - 7:54am

Here in the UK use rises at each end of the spectrum. I lived with a bunch of medics in undergrad, none blue collar, all pretty posh upper middle class, and these guys hit the drugs harder than anyone I know. Same people now pulled into hospitals to help with covid.

My personal opinion is that the same people who need high pressure, high paying, competitive jobs need to get more fucked up. It's not good enough to make 60k, they've got to make 300k. It's not good enough to go for 4 beers, they've got to say up till 4 getting obliterated. Everything has to be more extreme.

  • Intern in S&T - FI
Apr 16, 2020 - 8:07pm

I just had a call today with HR reps from my MM that I am doing the SA program at. They expressed that the onboarding components including drug testing for both SA and FT hires are extremely delayed and that the drug screen we will eventually complete before the delayed start date will not include cannabis. That being said, best bet is to just stay clean.

  • Intern in IB - Ind
May 7, 2020 - 3:32pm

MM based in Chicago is requiring drug testing for incoming SA's. Will be done at local facilities through a partnered testing company.

May 24, 2020 - 12:47pm

If you're in NYC you can't be tested for THC unless your employer works with the federal government (don't know how banks are related unless you're including helping the Fed in the repo/treasury market). Nonetheless, I know of people who are REFUSING to get tested out of fear of going to clinics in the midst of a pandemic. If you have immunocompromised parents, is it really worth the risk (especially if you live in a major city or corona hotspot)? Doubt they'll force you to get tested if you feel your safety is at risk.

May 29, 2020 - 5:27am

No updates. There are some firms that do test and some that don't. I.e. I believe that MS/GS/Barclays/CS do not test for "weed" - saw from online articles/colleagues (if anyone can shed light on incoming IBD analysts/associates for firms would be great though).

Some firms that are stricter I believe are Citi/BAML

Jun 4, 2020 - 5:05pm

My bank is testing for incoming FT in NYC. Given that most large banks are G-SIBs, can they still test for THC? They are not under contract with the federal gov and no not receive federal grants, so it seems like there isn't an exception. However, you never know and I wanna be 100% sure.

Btw all of y'all who still consider weed a "drug" need to double-check that poison you've been drinking and lmk what has a more harmful effect.

  • Analyst 1 in IB - Ind
Jun 4, 2020 - 5:37pm

yea they def can test for weed i think. Just double check, it should tell you what type of test you are giving. For example a five panel test , etc.. This will tell you what they are testing for

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