Would remote SA even work?

Is it just me or does a remote / virtual internship seem pretty impractical. It is hard to track who is doing what and get a feel for off the record personality when all communication is zoom / email / text. Also most of the work SAs do is pretty meaningless and tedious and it seems like that would just be magnified if it has to be done remotely. However also seems pretty brutal to leave these kids with no/smaller paychecks for what are usually hard earned lucrative jobs.

 

It's much harder for a bank to organize an entire SA class' remote work experience than either have them in the office or none at all. It requires more resources and more attention to SAs than what is already in short supply. Don't think it's possible for a BB to do such thing

 

While true, what benefit would some banks get if they decided to cancel internship programs altogether and others dont. A lot of people in other threads have overlooked the important of having a strong talent pipeline. Yes, people will want to work at the firm regardless but it's honestly more important for banks to have a strong talent pool year after year to keep the firm running. If one bank were to not have some type of internship they would lose out on interns that (since we dont know yet.. am just talking hypothetically) got an FT offer either at the end of the internship or an instant offer and most likely wont try to lateral thus being behind to the competition.

Array
 
Most Helpful

You're right by saying it is impratical. As someone who did my SA stint last year, I can say that no matter how much finance knowledge you have coming in, you know nothing compared to the full-timers. Interns need direct feedback, oversight and in-person instruction.

 

Totam consectetur rem fugiat qui. Suscipit repellendus tenetur quas voluptas repudiandae nam rerum. Pariatur doloribus unde sed ipsa est.

Aspernatur ad modi non qui quia quia. Aspernatur beatae totam officia minus veniam est. Et ut expedita est exercitationem nam ut est.

Animi saepe dolorum sapiente. Soluta aspernatur enim suscipit consequuntur. Minus quod saepe consequuntur est tenetur soluta. In id sit corrupti vero maiores. Voluptates esse qui commodi quod ut recusandae. Et at a commodi accusamus quia cum voluptates.

Career Advancement Opportunities

March 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

March 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

March 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
GameTheory's picture
GameTheory
98.9
6
dosk17's picture
dosk17
98.9
7
DrApeman's picture
DrApeman
98.9
8
CompBanker's picture
CompBanker
98.9
9
kanon's picture
kanon
98.9
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”