Comments (21)

 
  • Analyst 1 in IB - Gen
Jan 13, 2021 - 3:13pm

Don't think any banks have confirmed but a lot of tech firms like Google and FB have confirmed that it's going to be virtual for 2021. With widespread vaccination probably not going to happen until the end of the summer I highly doubt programs will be in person. Also even if the public can get it in April/May I don't think they can force people to get it ASAP & it may not be as available in certain parts of the country and world as others.

 
  • Prospect in S&T - FI
Jan 13, 2021 - 3:21pm

What do you guys think of them bringing us into the office towards the end of the summer?

 
  • Analyst 1 in IB - Gen
Jan 13, 2021 - 3:51pm

Dont really see why they would when banks have invested a lot into virtual infrastructure this past summer. Also it'd be costly to fly everyone out and I don't think it'd be fair for them to force hundreds of interns to find accommodations even with a months notice. I could see banks with very small classes or companies with money to blow like in tech doing so especially if they want to have like an end of year celebration or have projects be presented in person for some reason.

 
  • Analyst 1 in S&T - Equities
Jan 13, 2021 - 3:53pm

Incoming assoc this summer...haven't heard anything concrete but last time I caught up with people who would know it didn't sound more than likely that we would be in office. 

 
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  • Intern in IB - Ind
Jan 13, 2021 - 5:12pm

Let me help with translation. I think A1 means it's more likely to be virtual this summer.

 

 
  • Prospect in IB - Gen
Jan 14, 2021 - 5:00pm

You can ask. From the intern standpoint it's not a bad idea as you would potentially be able to experience the city assuming its open, however you also have to consider that rent, food, transportation, utilities will rack up to at least 5k over the summer. If they do a full 10 week program it could potentially be worth it.

 

More importantly, it wouldn't be fair to have a few interns be in person while the rest of the class isn't. Obviously productivity would differ which could be great for the firm, however is it really fair for in person interns to have direct access to other analysts, associates, MDs, programs, documents, etc... while others dont get that help? Firms have already invested money in programs for WFH related to the internship so it wouldn't make sense, for example, for them to have a virtual training and then have an intern in the office just doing the same thing.

 
Jan 14, 2021 - 1:32pm

In Canada going in for SA21 in Toronto - staff have been told to be online until mid-summer but no concrete word on what they'll do about summers - they said that they would know February sometime... I'm guessing were virtual though 

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