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Summer Internship Roundup 2020: Everyone’s Gone Virtual

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[Updated with additional information from EisnerAmper.]

For every 20 to 25 tips we receive about layoffs and pay cuts at public accounting firms during the COVID-19 pandemic, we get one about some firm’s virtual extravaganza being offered to summer interns this year. Yep, virtual. None of that worthwhile public accounting experience, like ordering from an ice cream truck for the first time, or screwing up the lunch order, or jogging with the CEO. And no trips to Disney World, Deloitte Disneyland, or Kamp KPMG for the time being.

Even though the first winterns of the decade had their taste of capital market servitude cut short at many firms because of the Rona, at least they got to do some shit. As of now, incoming summer interns won’t get that chance. And many are bummed.

But hey, at least the new crop of summer interns have already been told by their firms in writing that they’re getting a full-time offer, as long as they don’t royally screw the pooch.

Here’s what we know so far about the virtual summer internship programs at a handful of public accounting firms. We assume EY has offered its interns a full-time associate job, like the other Big 4 firms, but we haven’t been told that directly. If one of you EY young’uns can confirm that for us, email or text us using the info at the bottom of this post.

PwC

Advance internship

  • Two-week virtual digital upskilling experience starting in July.
  • $2,500 stipend.
  • Full-time associate offer for 2021 or later.

Start internship

  • Four-week virtual internship from July 6 to July 31.
  • Advance internship offer for 2021.

Here’s What We Know About PwC’s Summer Internship Situation

Deloitte

  • Two-week virtual internship from July 6 to July 17.
  • $4,000 stipend.
  • Full-time associate offer.

EY

  • Five-week virtual internship from July 6 to Aug. 7 (40 hours per week).

(We have not received info on stipend and full-time offers.)

KPMG

  • Four-week virtual internship (20 hours per week).
  • $3,000 stipend.
  • Full-time associate offer for 2021.

RSM US

  • 12-day virtual internship (four hours per day).
  • $2,500 stipend.
  • Full-time offer.

Grant Thornton

  • Two-week virtual internship.
  • $2,500 stipend.
  • Full-time associate offer for 2021 or preferred time period.

EisnerAmper

  • Six-week virtual FLEx (Future Leaders Experience) from May 28 to July 3 (series of four-hour sessions, not 40 hours per week).
  • $2,000 stipend.
  • Full-time/internship offers for 2021 upon completion.

This list is obviously far from complete. If you don’t see your firm here, give us the particulars and we’ll add them. We want to list as many virtual summer internship programs as possible.

The post Summer Internship Roundup 2020: Everyone’s Gone Virtual appeared first on Going Concern.


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