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Comments (10)

Most Helpful
  • Analyst 1 in IB - Cov
Jan 8, 2021 - 3:29pm

At a BB and maybe this is foolhardy to predict, but De Blasio put forth the goal of 1 million NYC residents vaccinated by the end of January and while that is probably too ambitious, I think we could assume ~700k could be vaccinated by then. 700k is just under 10% of the NYC population and vaccination speeds will only pick up towards the summer. Assuming another 800k more people get vaccinated each month in NYC (which is conservative) 

700k January

1.5m February

2.3m March

3m April

3.7m May

~4.5m June

In 2018, NYC population was around 8.5m and given COVID-19 I think it's safe to say that dropped down to around 7.5m which leads us to around 60% immunity which is pretty solid. I'd say firms would require people to get vaccinated if they come to the office in NYC, but either way I think there is a strong chance if you want to be in person you can be. Just my two cents, fair to agree or disagree

  • Prospect in IB - Gen
Jan 8, 2021 - 3:54pm

I agree but dont you also have to take into account the population shift of residents leaving NYC once the summer starts and new employees, vacationers, etc.. coming into the city? I dont think it'll be enough to make much of a difference but don't around 100-500k people move into NYC each year during the summer months?

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  • Analyst 1 in IB - Cov
Jan 8, 2021 - 4:48pm

That's a fair point and I hadn't really thought about that. I think we can assume that this won't make a huge change, but it is interesting to consider if many of the people coming are not vaccinated how will this affect the dynamic? How will interns who may not be vaccinated be allowed to come?

  • Analyst 1 in IB - Gen
Jan 8, 2021 - 5:06pm

I know there's word that some companies in different parts of the country will try to persuade employees to get the vaccine so they can come back into the office ASAP. I feel like a good amount of companies will probably want to try to have in person training for both internships and incoming FT employees, however I think that'll be hard to do for these groups as people would most likely need to get tested and vaccinated before traveling to their work location and this may be hard as the vaccine may not be available to certain groups in certain parts of the country. I can see this being a thing though for employees that are already at the company and live near the office.

  • Analyst 1 in RE - Comm
Jan 8, 2021 - 3:31pm

there is no way anyone is going back to the office until at least summer.  probably not even till fall or later.  if it's a remote internship, save your money and don't bother.

  • Analyst 1 in S&T - Equities
Jan 10, 2021 - 4:20am

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