Megalist - changes to NYC 2020 SA

NYC epicenter of covid positive cases. Post here of CHANGES to only NYC IB SA. We'll assume no changes. I'll try to update this list as more news come in. If you don't want to post, send PM.

AS of 3/29

BB/MM - No changes
Goldman Sachs, Morgan Stanley, J.P. Morgan, Citi, BAML, Barclays Capital, Credit Suisse, Deutsche Bank, UBS, Wells Fargo, Nomura, RBC, HSBC, TD Securities, Mizuho, Jefferies, BMO

EB - No changes
Blackstone, PJT Partners, Lazard Freres, Evercore, Moelis, Greenhill, Qatalyst, Centerview, Allen & Co, Perella Weinberg Partners., Rothschild, Houlihan Lokey, Guggenheim, Macquarie Harris Williams

As of 3/29, NYU housing

As of 3/29, Coronavirus NY stats:

Source: Covid Tracking

  • NYC only: 30k positive. New York State: 52k positive, 10k hospitalized, 728 dead.

  • 100% of the workforce must stay home, excluding essential services (IB not essential). No end date announced

  • All non-essential gatherings of individuals of any size for any reason are temporarily banned (including IB activites).

 

No changes so far to any BB, EB, or MM just people throwing around false claims to rile everyone up.

 

How would you compare Jefferies to RBC/DB/Greenhill

 

Their email didn't seem as hopeful as some of the others posted here. No mention of alternative accommodations but very well may just be reading too far into it.

 

How is Mizuho and Nomura MM shops? I thought they were well below the traditional middle market form such as Wells

 

Relax? I literally just asked an objective question about the bank. Looks like we found the Mizuho analyst on this thread

 

Relax? I literally just asked an objective question about the bank.

 

wells isnt even traditional MM, can you please just go back to the summer 2021 thread?

 

This isn't helpful. My comment about Mizuho and Nomura has not been answered. You telling me they are on par with WF/HL/RBC?

 

Obviously not IB but im hearing LEK canceled summer internships and will give full-time offers to their entire intern class. Can anyone confirm?

 

I disagree, the timeline is too far off as of now to make any prediction. So much is changing every week. SA starts around early June I wouldn't be surprised to see offices resume as normal with some more distancing rules perhaps.

 

All internationals were dropped at Evercore(basically anyone needing to be sponsored).

 

I doubt thats true - kids at American schools who don't need to cross the border are probably fine. Its just the kids who go to Canadian schools who got fucked. Also FT kids are so far safe (last I heard)

 

Can confirm Lazard sent out an email that there are no changes as of now, but they are looking at contingency plans and will send an update on April 15th. Not sure what the update will be.

 
Intern in Other:
Can confirm Lazard sent out an email that there are no changes as of now, but they are looking at contingency plans and will send an update on April 15th. Not sure what the update will be.

Friend at Laz said her team has been onboarding FT analysts remotely. Not sure what approach Laz will take toward interns in this scenario but I would say remote internship is not out of realm of possibility.

 

Thanks for the info! I am just hoping we do not get a status update along the lines of “you are screwed”

 

BAML sent out an email to incoming 2020 Class. No lay offs. We will be paid on designated start regardless of work or not/communicated start date pre-virus. I think training will be virtual which is why they will pay us on our start dates.

 

I heard from a source high up inside BAML that internships across all divisions are highly being considered to be canceled. I can't say for sure as there isn't a notice that was given out yet, but hopefully that doesn't happen.

 

I heard about this as well, but only for programs based in NYC and Charlotte

 

Can you expand on this more. Was the source someone in HR? also did they say about other opportunities BAML may offer if this was to occur. Also, I think that if one bank does virtually they all will because it would look very poorly on that specific bank.

 

You are wrong. BAML sent out an email for FT class of 2020. We are good to go baby thank you mr Moynihan

 

Just to clarify, they aren't 100% for sure on it yet, but seems like they're definitely prepping for it if things continue on as they currently are. Also, not sure this adds any more legitimacy to it, but it was said at the virtual women's symposium yesterday, so if anyone else who was there wants to pitch in on what was said, go for it.

 

Any updates have heard a lot of people saying that a virtual internship is most likely a go for the summer heard from HR? Also, NYU housing is on for the summer with possible cancelation later,

 

Received an update on IB division, BB, NYC. Start date may be delayed, but program will happen with pay starting from original start date.

 

Well at least that confirms pay for most of us. Banks will tend to follow each other here I'd think.

 

honestly, I think they will. Really impressive of BAML to be the first though. Says a lot about the firm

 

since BAML sent that email, I think that BBs will follow and will be safe. what about MM IB? do you guys think MM will follow BBs in this too, or do you think MM responses could be different?

 

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