Thousands of interns might have a dramatically different summer than they imagined, as investment banks like JPMorgan Chase consider virtual options in response to stay-at-home orders and reductions in clients.
A survey of 22 financial services companies—conducted by the Ivy Research Council, a hiring and consultancy firm—found 54% of the respondents, or 12 companies, were considering a virtual component for their summer internships, according to the Financial Times. Four of the companies are considering implementing a “fully virtual” internship program, while another eight were looking into internships that started remotely and would move to a conventional format as the pandemic progressed. The survey didn’t disclose names but JP Morgan, Citigroup, UBS and Goldman Sachs were identified by the FT as banks considering some remote elements of their internship.
https://qz.com/1835238/wall-street-looks-at-virtual-internships-due-to-coronavirus/