Incoming Barclays FT 2020

Hi All,

While the near-term focus has been primarily summer analyst programs, I wanted to pull a thread together for all incoming FT Barclays analysts and associates (all offices). The original start-date for Barclays Americas was training in NYC starting July 22. Needless to say, that is unlikely to proceed as originally planned!

Like many of you, I haven't have received any official communication since "we're in this together" on 20-Mar-2020. I was hoping we could use this thread to share any updates (official or unofficial), discuss group placements, and connect.

Hope you're staying safe and well during these uncertain times!

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Comments (187)

  • Prospect in IB-M&A
Apr 16, 2020 - 2:54pm

Thanks for doing this thread, great idea! London Training is supposed to start July 22 as well and so far have not heard otherwise. For the February joiners in London they ended up doing the training online from early march onwards, so I'd expect something similar to happen in July. Looking forward to hearing from anyone else with other info.

  • Intern in IB - Cov
Apr 16, 2020 - 8:46pm

Nobody has inside info bro, all of you will get the update email at the same time

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Apr 21, 2020 - 1:14pm

what is barclays doing?? even the MMs and boutiques gave updates to their SA class but nothing from Barclays? I am FT but I know they will update the SAs first thats why I am curious about the SA update

  • Analyst 1 in IB-M&A
Apr 21, 2020 - 2:19pm

Thanks for posting thread. When are internships supposed to start? I'm incoming FT, but thinking something needs to be sent out soon, especially if interns start in like a month.

  • Associate 1 in IB - Cov
Apr 21, 2020 - 2:55pm

Agreed. My guess would be they determine the SA program as a first priority, and the FT program will follow. FT is scheduled to start later and has more flexibility, so I see it as less urgent. Furthermore, I'm sure the decisions they make for SA (i.e. delays, virtual/in-person) will cascade to FT, so this must be determined first.

I definitely feel for the SAs, Having no direction on the path forward for the program less than 6 weeks out is tough, albeit I think we can all agree the bank has more urgent matters on their hands. I am hopeful the formal update comes in the next week or so. I wouldn't be surprised if the FT update is sent at the same time, or soon after.

My two cents, anyways.

Most Helpful
  • Works at Barclays Capital
Apr 21, 2020 - 5:51pm

I touched base with HR, and there are currently no changes to incoming grads (FT hires) yet. They are trying to figure out how to modify the summer internship program first which may be a delayed start. They're aiming to send out communication in next 1-2 weeks. Thanks for everyone's patience.

  • Prospect in IB-M&A
Apr 21, 2020 - 9:22pm

Incoming FT not at Barclays. Hope you guys hear something soon. It's brutal that nothing has been sent out yet.

  • Prospect in IB-M&A
Apr 21, 2020 - 10:41pm

Not a BB. Industry specific boutique in NYC. HR has been in constant communication with us since last month. Honestly has handled the situation pretty well. They are basically doing what everyone else is doing and feeling out things and trying to decide what the plan is. Ultimately nothing has changed as of now but I can't imagine we have in person training so I'm anticipating an email in the next few weeks with details.

I have friends going to BBs. Same boat as well where things are "on as planned" as of now but most likely because they haven't decided on an alternative yet.

  • Incoming Analyst in IB-M&A
Apr 22, 2020 - 4:58pm

Email went out today to incoming London FT about starting background checks.

No changes to start date as of yet, guessing that training will be online though.

  • Associate 1 in IB - Cov
Apr 22, 2020 - 8:06pm

Thanks for the update! Let us know if you hear anything more. We're also scheduled for July 22, but no update on my end regarding background checks yet.

Apr 26, 2020 - 4:15am

Side question here, do your contracts specify an end date / program duration? Kinda weird cuz for other banks they usually specify how long the program lasts..

  • Prospect in IB-M&A
Apr 27, 2020 - 3:15pm

I thought I remember them telling us NOT to take it before we arrive for training. But haven't heard anything since

  • Analyst 1 in IB - Cov
Apr 27, 2020 - 4:21pm

I emailed one of the program managers mentioned in the email, asking about the SIE/series exams. I asked if they would consider sending us the training materials in advance. Not to be a hardo, but I'd rather study for the exam now than in June/July. They didn't answer my email, nor did I follow up.

  • Analyst 1 in IB - Cov
Apr 27, 2020 - 4:49pm

anyone who interned this past summer... what was your background check like?

  • Analyst 1 in IB - Cov
Apr 28, 2020 - 5:01pm

I would imagine we'd all receive the same emails synchronously, with the exception of specific tasks for lateral hires (i.e., background checks). Haven't received anything.

  • Analyst 1 in IB-M&A
Apr 29, 2020 - 1:24pm

Anyone heard anything from BarCap yet for FT? All I've received is an email from HR in mid-March telling me to cancel travel plans...

Apr 29, 2020 - 1:48pm

I don't think that's what they said in the email this sounds a bit misleading lol isn't it recommend to make flexible accommodation plans that can be revised/cancelled

  • Analyst 1 in IB-M&A
Apr 29, 2020 - 2:33pm

Yeah - I wasn't trying to mislead. I was just making sure that was the last email and I haven't missed any correspondence.

  • Associate 1 in IB - Cov
May 7, 2020 - 12:55pm

Nothing yet. However, the trend across all BB FT programs has been a lack of formal communication, with some banks expected to provide updates in mid-May. I get the impression Barclays (among others) is waiting to see how the COVID-19 situation evolves before committing to any impacts to FT start dates or training formats. Compared to summer interns, ultimately we are a more flexible group.

At this point I would assume business as usual, until told otherwise. Of course, I expect training is all but guaranteed to be virtual, however I am unsure if they will pursue a delayed start. As mentioned above, I agree that now the SA program has been resolved, hopefully we can expect to hear from HR soon. Not sure if anyone else has had separate conversations with HR or other internal sources?

  • Incoming Analyst in IB-M&A
May 7, 2020 - 4:06pm

Got an email from HR this afternoon saying things are unchanged as of now.

May 7, 2020 - 8:32pm

I had reached out and asked a while ago (like Feb.) before the world went off the rails. And HR told me likely to be the second or third Monday in July. They probably won't bother to get specific with a start date at this point until they can be certain.

  • Associate 1 in IB - Cov
May 9, 2020 - 9:47am

Sorry for not giving more info - I assumed the e-mail went to all incoming graduates, but perhaps it just went to the Americas offices. The e-mail outlined the two training companies which will be used for general Barclays training, and also the SIE, Series 79, and Series 63 exam prep. The general training also has pre-work curriculum we have to complete to ensure we hit the ground running once training starts.

As mentioned in the comments above, HR also stated the program remains unchanged at this point, but is under review. This means decisions on start date delays or virtual delivery haven't been finalized. As such, nothing official on start dates or background checks at this point. Hope this helps.

  • Associate 1 in IB - Cov
May 11, 2020 - 2:55pm

Has anyone finished the TTS Accounting Pre-Test Assessment?

If so, can you comment on the type and difficulty of the questions? We're supposed to complete the pre-assessment before reading the "SmartBook", but I wondered if anyone opted to look through this book before doing the test as a quick refresher.

Cheers!

  • Associate 1 in IB - Cov
May 11, 2020 - 6:43pm

Thanks - I understand the intent of the assessment, just wanted to know what to expect. Is it all accounting or some valuation questions too?

  • Analyst 1 in IB - Gen
May 26, 2020 - 10:57pm

probably not - and we'd be the only BB to not do so

  • Associate 1 in IB - Cov
Jun 2, 2020 - 11:11am

Obviously no updates yet from the HR Team (those have been sent to all incoming employees), but does anyone have any inside info on what the plan is for training and start dates? The "training is unchanged as of now" messaging is nothing but a deferral of making a decision - clearly there will not be an in-person training program in NYC by late July... At this point I assume a completely virtual training program, but I am more curious about whether or not the start date will be pushed back. I was originally scheduled to be in NYC on July 22 for training. Will this date be kept? Pushed into August? September? As I'm sure you all agree, this information would be very useful!

  • Prospect in IB-M&A
Jun 5, 2020 - 1:42pm

No, I believe the last email we received told us not to take the exam prior to arriving and that we would be covering exam material during training. However, I have received my three prep books and online resource access to begin studying ahead of that.

  • Prospect in S&T - Equities
Jun 5, 2020 - 11:19pm

Going FT into IB barclays in NY here - latest thing I've heard from current employees is that we will not be going into the office in-person until at least september or october

  • Associate 1 in IB - Cov
Jun 5, 2020 - 11:22pm

Any word on timelines for starting training, or hitting the desk (even if its WFH)? I am not expecting any banks or businesses to be in downtown office towers before Sept/Oct - not just a Barclays thing.

  • Incoming Analyst in IB - Gen
Jun 6, 2020 - 5:44am

In London they plan for us to hit the desks on Sept 14, although this was decided before Barclays communicated to employees about WFH until end of Sept. Also, I received my Hireright invite last night for anyone who hasn't received it yet (London start date is same as NYC).

  • Associate 1 in IB - Cov
Jun 12, 2020 - 2:07pm

Just received an e-mail - FT Training confirmed as virtual, and a placeholder start date of July 30th. However, HR was clear to emphasize that this start date is not confirmed, and we will receive the official confirmed start date in the coming weeks. Not overly useful in terms of planning, but hey I guess it's an update! I would guess the start date won't be any earlier than July 30th, but perhaps they are suggesting it's possible to see a slight delay.

  • Associate 1 in IB - Cov
Jun 12, 2020 - 8:08pm

I agree - I think if the delay was significant (i.e. September or October), the tone of the e-mail would be quite different. My guess is that the actual start date will be July 30th +/- 2 weeks...but that's just based on reading through the lines and gut feel only!

  • Associate 1 in IB - Cov
Jun 12, 2020 - 3:05pm

Honestly the email was pretty vague. No mention of a potential delay, and no mention of a stipend. I'm just speculating that using July 30th as a placeholder suggests the training program won't start any earlier than this date, but potentially later. My $0.02.

Jun 16, 2020 - 10:10pm

alrighty. Not sure if this is only for HK, but there's also an approximately 5k usd bonus payable within 60 days upon signing the contract. however it seems that it won't be paid in time on their side. I guess it's only payable when the background check is done then..

  • Prospect in IB-M&A
Jun 17, 2020 - 1:07am

US background check (cisive) doesn't ask for other investments like stocks on robinhood? do u know how we are supposed to disclose them

  • Associate 1 in IB-M&A
Jun 17, 2020 - 9:47am

The background check only inquired about whether you were a partner or major shareholder in a firm - nothing on personal minor investments. I am sure specific direction on how to manage your trading accounts (and the rules that come with this working as a bank insider) will come in future discussions.

  • Prospect in IB-M&A
Jun 23, 2020 - 12:20am

how long is the training? if we start on july 30th, when will be the first day at the desk?

  • Prospect in IB-M&A
Jun 23, 2020 - 12:53am

when you say 2.5 weeks for the exams, do you mean the exam training or do they give you a self-study period of 2.5 weeks?

  • Associate 1 in IB-M&A
Jun 23, 2020 - 1:25pm

That was the old in-person program in NYC - I wouldn't assume it will be identical given the virtual format. Hopefully they confirm soon!

  • Incoming Analyst in IB - Cov
Jun 24, 2020 - 12:26pm

Did everyone see the new email? Mentions placement day is September 8th?? How did they just push the placement day from July 16 to September 8th lol.

  • Associate 1 in IB-M&A
Jun 24, 2020 - 1:40pm

No, just clarified with HR... Sept 9th is when the technical training begins (following the series training). So, actually on the desk would be a few weeks later.

  • Analyst 1 in IB - Gen
Jun 26, 2020 - 9:52am

Cisive is doing the background checks, and I got the email from the same day they sent out the onboarding task list

  • Analyst 1 in IB - Gen
Jun 26, 2020 - 10:14am

I received the Cisive email the same day too. I submitted all of the forms but have not heard anything back yet.

  • Analyst 1 in IB - Gen
Jul 1, 2020 - 2:59pm

Does anoyone know if we need to do fingerprinting? My task list did not specify.

  • Analyst 1 in IB - Gen
Jul 1, 2020 - 4:40pm

My list specifically says "Schedule appointment and complete fingerprinting by July 24th." But, if yours doesn't say that, and you're doing banking, then you should probably reach out to clarify with HR.

  • Prospect in S&T - Equities
Jul 6, 2020 - 2:01am

yeah it says all tasks completed until they ask for a new form. What does the confirmation email say? How long did it take you then? I didn't get a completed background check email last summer too (it was cisive again)

  • Analyst 1 in IB - Gen
Jul 10, 2020 - 1:21pm

Assuming it is a minor issue due to missed information or not submitting proper identification.

  • Analyst 1 in IB - Gen
Jul 10, 2020 - 2:38pm

Would not be surprised if we got an update email from HR soon about the I-9 given what happened

Jul 10, 2020 - 2:58pm

Does anyone know if we will be getting any equipment (i.e. laptop/monitor) or a technology stipend? Heard from a current analyst that HR may be providing laptops in the fall so they recommended holding off from buying a laptop if thats the case.

  • Intern in IB - Gen
Jul 10, 2020 - 3:31pm

For the interns I believe they provided laptops if you didn't have ability to access a device that could support the virtual workstation

  • Prospect in S&T - Equities
Jul 10, 2020 - 3:33pm

OK I think I figured it out as I was filling out my I-9. In the second section, you are allowed to put anyone but yourself as agent. but the guideline says that employer of the agent should be written as Barclays even tho this person doesn't work there. So, I guess the problem is USCIS cannot verify the agent works at Barclays

  • Prospect in S&T - FI
Jul 15, 2020 - 12:18pm

Hi all, current intern here.

Quick question: what is the policy for return offers? How long do we have to decide?

I'm fairly certain finance isn't for me so far since it's not exciting, so I want to interview more broadly. If we're only given the two weeks after the last day, I don't think I can do that so would either have to turn it down or renege. I haven't gotten an offer yet, but would like to know what I might get myself into ahead of time.

Thanks!

  • Analyst 1 in IB-M&A
Jul 15, 2020 - 1:46pm

Get the job first. It sounds like you've made up your mind already.

  • Analyst 1 in IB - Gen
Jul 20, 2020 - 4:32pm

Has anyone received confirmation about I-9 forms? Not sure if we are expected to hear anything, but wanted to check with you all.

  • Prospect in S&T - Equities
Jul 20, 2020 - 4:43pm

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  • Prospect in S&T - Equities
Aug 3, 2020 - 6:39pm

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Aug 3, 2020 - 9:43pm

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  • Analyst 1 in IB - Gen
Aug 3, 2020 - 9:55pm

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  • Prospect in S&T - Equities
Aug 3, 2020 - 10:03pm

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  • Analyst 1 in IB - Gen
Aug 3, 2020 - 10:05pm

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