Despite last years’ challenges for banks, interns and graduates, research suggests that many banks have found that the move to virtual learning has received a positive outcome for both the bank and its interns.
Following the ongoing benefits of last years’ virtual internships on students and institutions, banks are looking into their long-term e-learning and development programmes.
Bank of America’s Human Resources Executive, Ebony Thomas told Business Insider that interns were able to have more access and feedback to senior staff than usual as a result of virtual learning.
According to a recent report by Harvard Business Review, overall student feedback following Goldman Sachs’ annual internship programme, was overwhelmingly positive despite all training having been moved to virtual. Goldman Sachs enrolled over 3,000 participants worldwide last year.
1,000 interns from 25 countries also joined The Barclays’ Summer Internship last year for its first virtual internship. Emma Padmore, Candidate Acquisition Manager at Barclays said, “working from home meant there was a strong focus on networking and connecting across the bank through technology and thinking outside the box in terms of how we shared knowledge.”
As banks begin to delve into results following 2020’s home learning, they may be adopting virtual learning into their 2021 internship programmes.
Vicki Tung, Head of Campus Recruiting, and Bentley de Beyer, Head of Human Resources at Goldman Sachs told Harvard Business Review that aspects of this years’ internship training may be held remotely after a survey found that interns were able to be more productive whilst working from home.
At Alpha Development, we’re able to support banks by tailoring and adapting our training to suit virtual learning and development. Our Virtual Internship Programmes are designed to build a creative solution, not just for 2020, but for the post-COVID-19 world.
In 2020, all of our internship and graduate training programmes were delivered online. The above, and feedback from our clients and students could be a sign that virtual internships may be a step into the future.
Speak to our team about how we can support you and your interns, graduates, or apprentices in 2021 and onwards, by emailing [email protected]. Alternatively, fill out a form on our website click here.