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Wall Street's Intern Return Marks Start of Back-to-Office Summer


Wall Street’s Intern Return Marks Start of Back-to-Office Summer
Several of New York’s banks are gearing up to bring throngs of young people into the office over the coming weeks.
Bloomberg | Jun 03, 2021
(Bloomberg) Gone are the cozy deskside chats and boozy networking nights at packed bars. In are daily health checks and recommendations for masking up.
The approach of summer means the annual rite of passage for hundreds of would-be financiers: the Wall Street internship. After more than a year of remote work and scattered employees, several of New York’s banks are gearing up to bring throngs of young people into the office over the coming weeks attempting both a return to normalcy and the establishment of new routines. ....

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Bankers meekly return to office after 15 months of freedom


Yesterday, we heard that Deutsche Bank was setting the “norm” for future remote working at between two and three days a week, and that detailed arrangements would be sent out to each division in due course.  In America, those memos have already gone out, and it seems that in the New York front office two or three days at home might be a rarity.
The memos came from Drew Goldman and James Davies of the investment banking division and from Mark Fedorcik and Ram Nayak for sales and trading.  It appears that the Deutsche schedule for return is somewhat later than other Wall Street banks – they are advising everyone to make plans to “re-establish a presence in the office” by Labor Day in September.  But, the expectation is that “risk takers” will be in the office full-time, that “client facing staff” will be allowed to work remotely “about one day a week” and support staff will have “a level of remote working” which remains undefined. ....

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