WSO Elite Modeling Package

  • 6 courses to mastery: Excel, Financial Statement, LBO, M&A, Valuation and DCF
  • Elite instructors from top BB investment banks and private equity megafunds
  • Includes Company DB + Video Library Access (1 year)

Comments (46)

Mar 16, 2021 - 4:22pm

I don't get how some of the banks jumped the gun so early in deciding to do the internship virtual this summer.

Array
Learn More

300+ video lessons across 6 modeling courses taught by elite practitioners at the top investment banks and private equity funds -- Excel Modeling -- Financial Statement Modeling -- M&A Modeling -- LBO Modeling -- DCF and Valuation Modeling -- ALL INCLUDED + 2 Huge Bonuses.

Learn more
  • Analyst 3+ in IB - Ind
Mar 17, 2021 - 2:21am

At a group where the Directors and above have said that they won't be coming into the office unless extremely necessary (so like once a month or two). On the other hand, they will require all new joiners to be in the office. Experienced associates can also stay at home if they want. 

Heard this from a friend from another bank as well

  • Intern in IB - Ind
Mar 17, 2021 - 5:50am

Are you tho? You don't want a free offer?

Obvs if you are an analyst it's the opposite as I understand it's much worse to WFH

  • Prospect in IB-M&A
Mar 17, 2021 - 8:06am

Are you tho? You don't want a free offer?

Obvs if you are an analyst it's the opposite as I understand it's much worse to WFH

Risky to think virtual internship means free and easy offer.

Mar 17, 2021 - 10:07pm

Here just to comment that this is the first time I've seen a certified intern profile. Do you have family relations to Patrick or something?

Go all the way

  • 1
  • Intern in IB - Gen
Mar 17, 2021 - 12:19pm

Nothing official. "Just a source familiar with the matter". This article is very misleading making it sound like JPM and GS are having full in-person summer internships. That was not what was communicated. On the GS end they said they are going to TRY at some point to have some interns come into the office at some point during the summer, bearing the evolving health situation. Most likely same deal with JPM. In my opinion, I would expect the summer to be entirely virtual. Even with the vaccine rollout it is highly unlikely that the capacity for office buildings this summer will be at most 50%. And considering the office is barely at 10% now, I do not think they are going to be able to get all interns and employees in the office by June to run a fully in-person program. In addition, expect communication to be last minute, not sure about JPM but GS was the literally the last bank to announce virtual internship (in May) after kinda saying the same thing that they were unsure about in-person/virtual and they were hoping for in-person. (Obviously in hind sight in-person was never going to happen, but no one had any idea the timeline of the pandemic going through it. 

  • Intern in AM - Other
Apr 7, 2021 - 7:59pm

Yes. Incoming interns, depending on the office and division, have already gotten emails confirming that we will be in the office.

Mar 17, 2021 - 5:50pm

We are are already working in the office at our bank, since months ago actually (obviously with restrictions).

And thank God, I would become crazy if I stayed all day between 4 walls without socializing... hopefully other fellow monkeys can hit the desks soon!

"Anyway, four dollars a pound"

  • Intern in IB - Gen
Mar 17, 2021 - 7:26pm

Classic JPM move always wanting to be the first one to be seen moving everyone back to the office

Mar 18, 2021 - 9:32am

JPM sent a clarification email this morning:

"In response to the recent external news articles mentioning JPMorgan Chase's Summer Internship Program, please know JPMorgan Chase has not officially communicated any decision on program format at this time. We are closely monitoring COVID-19 and diligently planning the finalized format. We remain focused on giving you a meaningful internship and real work experience as safely as possible.

You will receive an official communication from JPMorgan Chase & Co. with information on how we plan to deliver your internship, as well as guidance on when to start booking travel and accommodations (if required), as soon as a decision has been made. Please continue to only follow information shared by us in our official communications."

Apr 7, 2021 - 7:46pm

IB and Markets in person, emails went out last week.

Array

Start Discussion

Total Avg Compensation

August 2021 Investment Banking

  • Director/MD (10) $853
  • Vice President (36) $363
  • Associates (210) $232
  • 2nd Year Analyst (121) $152
  • 3rd+ Year Analyst (28) $146
  • Intern/Summer Associate (102) $144
  • 1st Year Analyst (449) $132
  • Intern/Summer Analyst (358) $82