UK Lockdown Updates and virtual SA

Hey guys,

 

Interested in hearing peoples views on where the roadmap to have everything open by the 21st of june fits in with expectations of some element of SA programmes being in-person?

 

I had been pretty sure it would be fully virtual but now would not be surprised if there are in-person elements to some programmes.

Comments (16)

 
Feb 22, 2021 - 2:52pm

It's not 100% sure the roadmap will be executed as such, so wouldn't be surprised if banks make it virtual, I don't think they're willing to take the risk (the government changing the phases last minute/extending WFH).

My BB sent out surveys to know where incoming SA are located. Nothing else for now..

 
  • Intern in IB - Gen
Feb 22, 2021 - 2:57pm

Do you mind me asking which bank this is or is it an american bb? This is the first I have heard of banks making contact with interns.

 
  • Intern in IB-M&A
Feb 22, 2021 - 4:40pm

Well not like plans don't change, like "3 week over Easter...", "It will be over by Christmas..." While I believe that certain phases of the exit plan will be as per scheduled, there are too many unknowns between now and June for banks to take the risk of committing to in person SAs. The safer thing to do is have it virtual, especially since infrastructure is already in place since last summer and would probably have been refined as WFH has continued

 
Feb 22, 2021 - 6:13pm

I think for BBs it will be virtual but for smaller shops like EBs very likely in person or at least for the latter half of it. The date will be the 21st June for the end of this. Yes argue as much as you want about x, y and z but now that date has been set I just can't see it not happening. 

 
  • Intern in IB-M&A
Feb 23, 2021 - 10:54am

21st June is the *earliest* date for ending restrictions. given the track record of the UK government backtracking on their promises I wouldn't bank on them actually getting rid of all restrictions by the 21st June.

 
  • Analyst 1 in S&T - FI
Feb 23, 2021 - 3:22pm

Last year they were very high at most banks, according to my personal and friends' experience. Things are looking good for IB next year so I expect conversions will be good this year as well

 
  • Analyst 1 in S&T - FI
Feb 23, 2021 - 3:21pm

Even if things open up by June, I doubt internships will be in person - both virtual and in-person require preparation and the decision will be made way earlier than June. If there's doubt, probably virtual. My 2 cents.

Smaller banks though I can see them doing SAs in-person

 
  • Prospect in IB - Ind
Feb 23, 2021 - 4:37pm

Definitely agree. The one thing that I think SAs dont understand is that preparation for internship programs last 6-8 months so its not like they can just decide to redo the whole prep process now with only 3-4 months before internships actually start.

 
  • Intern in IB-M&A
Feb 25, 2021 - 9:51pm

Some firms had April as target date for going back to the office and look how that worked out. Just because they expect it to be in person now doesn't mean you should 100% believe them.

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