MS SA 2020 Update
Just got an email from MS saying they are anticipating a mostly virtual program with in person components for all SAs. Will be paid for the duration of the full program
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Insane
Is this for the US or another city outside
I believe for SAs worldwide and for all divisions
How much if at all is the start date delayed? How long does the internship end up then?
Unlike JPM, MS didnt mention a different start date
Wow
Wow
Terrible
Its fine just network even harder, whether it be people you interviewed with, people from your high school, same hometown / study abroad place, etc. You can always find MS people on linkedin and tell them you are supposed to be an incoming intern, and youll be received well
Did they mention if training will still be the first week? Wonder how this influences full time starts.
Nope, no details about training but I think that will be virtual as well.
Can anyone confirm this?
I confirm, UK SA . More information to come from individual recruiters
I was looking for somebody to start this thread.
I think there's a possibility that IBD start dates will get moved to July 6 like GS and JPM, and that the program will still happen in-person, but will be shorter? The email, while reassuring in the sense that we know we will get paid, was very vague and said that "most programs" will be made virtual, which also implies that some programs may not be.
I'm not sure they really know what they are going to do yet. Clearly they are trying to send out updates to answer questions, but the emails lack any sort of detail.
Surely S&T, BRM internships are most affected by the whole virtual movement bcos they have to shadow traders etc? Might be wrong but pretty sure they will find a way to make IBD, GCM, ER virtual
Ya, I agree. Don't see how those can happen virtually and be all that meaningful- it will suck for those kids. We are all very lucky to be getting paid for the full 10 weeks.
S&T can be placed in more structured products or sales desks. Sales, research, and structuring can give you remote work doing fundamental analysis, building basic stuff in Excel, and making PPTs. Tough if you wanted to do flow trading though - doubt you can do that.
I know this is minor but *July 6
Oops my mistake- the month distinction is important lol
Anyone heard anything about what is going on with group placement for IBD SAs?
Haven’t heard anything yet, anyone else?
A few friends in London IBD received their teams a while back
Any thoughts on if MS will extend FT offers like Citi?
That would be so awesome, but from what I have read on other threads it looks like Citi's class sizes are considerably smaller than MS/GS/JPM. Would love to hear if someone thinks otherwise though
I'm not so sure. I've heard that MS traditionally has pretty high offer rates, and I think Citi may just have forced the rest of the BB's hands. My hopes are way up but I guess we'll see
I can only hope but MS traditionally takes on more interns than space -or so I have heard. Nonetheless, it will be amazing to get it
Citi was a real surprise tho, not like they hire much less... must say it puts them in a good light
Crazy that Gorman had contracted coronavirus too..
Wow, just saw that. Thankfully he has already recovered
Yeah for sure. Leading a BB whilst battling coronavirus is no small feat
Just really hope MS would extend offers to summer interns rn. Things literally turned upside down since corona hit
Credit Suisse has not extended full time offers, just delayed summer internship. Might be exclusively Citi amongst the BBs, but am keeping hopes up for MS too.
Highly doubt this would be exclusive only to Citi. They have a pretty large class and their returns aren't far higher than the others (except GS/JPM)
Really hope so- crazy 2020 needs a bit of happiness
Interesting that MS haven’t mentioned any specific changes except for being virtual and being fully paid. GS and JP delayed. Citi also did with full time offers. MS and BoA has to come out with a big bang
what do u think about the european BBs?
not too sure - literally 2020 has been crazy. WW3, Kobe died, Fires in Australia then Corona. Anything could happen right now then obvs Citi came out with that
Can confirm that MS plans to have the majority of the programs be virtual with some in-person components included. Also, interns will be compensated for the duration of their original summer internships. This vague information makes me think that MS is planning an announcing much bigger news about their SAs in the coming days/weeks. Maybe they are just waiting to see what the other banks do before they do anything drastic.
I imagine they would also have a delayed start date if that's what GS/JPM/Citi are doing. Wonder how the FT offer situation is going to shake out with the BBs -- Citi went bold by guaranteeing FTs to their SAs and definitely put other banks in the hot seat.
definitely waiting to see what other BBs do
From the emails that I have received, this is what I think too. There should be some sort of large, more specific announcement regarding program details within the next few days or maybe weeks
MS hasn’t really said anything about changes to the start date or haven’t really finalised down the details for the internship so hopefully we can see some good out of this soon
have a source on this? that’s be really useful - can’t seem to find one :(
MS has a smaller class size right? Hope this makes the program more flexible. Please don't shorten the program. Finger crossed.
Someone I know that is recruiting for 2021 told me that while on a networking phone call, an MS IBD analyst (NYC) said that IB internships would be fully virtual- 4 days of training with presentations on Fridays- and that all IBD SAs would be generalist interns (no group placement).
Has literally anyone else heard this? Source is super unreliable and this seems like it would be a huge L given how other BBs are changing their programs
Haven't heard that but if so it maybe they would extend full time offers like Citi? If not that seems pretty weak
Given how other BBs (and GS/JPM) have changed their programs, this seems very weak to me too. I would be disappointed if this were true
what about starting date? did they mention
Zero mention of this. I assumed that MS would push back to July 6 like JPM and GS, but if the whole thing is virtual, maybe not? I'm sussed
not true man, talked to an analyst the other day and they said the summer analysts will get placed for sure, just waiting on HR
Crossing my fingers that this is true. Am glad that someone has heard differently
London IBD SAs have already been allocated groups so I cannot see why NYC can't do the same. With regards to the program itself, the wording in the MS email was weird and did not indicate a shortened program which could mean we are in for a full virtual program. There might be a high offer rate due to firms cutting down on spending on hiring new people but obvs not an expert and just speculating (and hoping lol)
It did mention likely changes to both structure AND length which IMHO does indicate program shortening
Any news ?
None for me- heard BofA are sending out an email tonight or tomorrow so MS should follow soon. The Easter weekend could have slowed things down further
are u in London office
Whats the source for the BAML email?
still nothing from baml yet
.
Kind of a bummer of an email haha
What email did you receive?
Are you referring to the one sent out a week ago?
Email we got today says that IB start date is being moved to June 29. Ends August 7. Program is entirely virtual. They are hoping for some sort of in-person component at the end.
No word yet on placement.
which office are you in?
NYC IBD
mh so no auto FT, that sucks. I hate that
you keep spreading random info on this forum about the MS summer program but don't actually say anything useful - all gossip. stop being insecure and take it easy
.
What does it mean “put on hold?”
the MD straight up admitted low return rates?!
I heard the same but from an VP alumni...
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