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Investment banks are now offering virtual internships, which defeats the whole purpose of internships at investment banks – the culture https://trib.al/hqA4PYR ">https://trib.al/hqA4PYR&q...
As jobs go, investment banking, sales and trading are pretty well suited to being done from home.
The work is basically typing things on computers and talking on the phone https://trib.al/R7mbqwR ">https://trib.al/R7mbqwR&q...
The work is basically typing things on computers and talking on the phone https://trib.al/R7mbqwR ">https://trib.al/R7mbqwR&q...
But for junior bankers and interns, there& #39;s another aspect to their jobs: It’s to learn how bankers behave and get made fun of and acquire a nickname and generally get hazed and indoctrinated https://trib.al/R7mbqwR ">https://trib.al/R7mbqwR&q...
A lot of high-powered business people have this in common: They spent two years of their early 20s in an analyst program at one of a handful of big investment banks.
This gives them a shared base of knowledge and skills and vocabulary and experiences https://trib.al/R7mbqwR ">https://trib.al/R7mbqwR&q...
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One person familiar with JPMorgan& #39;s virtual internship arrangement told the Financial Times that the 2020 graduates were likely to get “less ability to interact with clients.”
Since when was "interaction with clients" a key part of investment internships? https://trib.al/R7mbqwR ">https://trib.al/R7mbqwR&q...
Since when was "interaction with clients" a key part of investment internships? https://trib.al/R7mbqwR ">https://trib.al/R7mbqwR&q...
Here’s a real thing that happens in these internships: eating challenges.
People will pool money for an intern who can eat a tub of mayo or every item in the vending machine, and then they will sit around egging him on and placing bets on his chances https://trib.al/R7mbqwR ">https://trib.al/R7mbqwR&q...
People will pool money for an intern who can eat a tub of mayo or every item in the vending machine, and then they will sit around egging him on and placing bets on his chances https://trib.al/R7mbqwR ">https://trib.al/R7mbqwR&q...
The intern will succeed and collect his money and sneak off to throw up, and everyone will come away from the experience with a sense of “ah yes, this is what investment banks are, this is probably in ‘Liar’s Poker’ somewhere” https://trib.al/R7mbqwR ">https://trib.al/R7mbqwR&q...
Virtual internships don’t have vending machines. You don’t sit around absorbing jargon in its natural context; you don’t get 80 hours a week of hanging around investment bankers until you become one yourself https://trib.al/R7mbqwR ">https://trib.al/R7mbqwR&q...
