Summer Intern Review

by Bank of America

Best Student Employer

This review was submitted over 4 years ago, so some of the information it contains may no longer be relevant.

Rating

3.7/5
  • The Role
    4.1
  • The Company
    3.8
  • The Culture
    2.9

    The Role

  • 1. To what extent did you enjoy your work placement or internship?
  • The Internship was a great experience. Had the opportunity to get a broad exposure to the different desks in my division. The internship was very well organized from HRs side, and they made sure to set up many opportunities for networking events. My colleagues were very nice and were glad to answer questions.

    5/5

  • 2. To what extent did you feel valued by your colleagues?
  • I felt very much appreciated. People took the time to answer questions, and even encouraged me to ask questions. The people in my division genuinely appreciated the work I performed and the tasks were adding actual value to the division as well as the bank. While there is a very professional tone from HRs side, working in the divisions are more relaxed.

    4/5

  • 3. To what extent were you given support and guidance by management/your supervisor(s)?
  • I was given a lot of support from the AVPs on my desk. My MD was very busy, but whenever he had time to sit down with me, he did. Appreciated the support and guidance from the AVPs, and they did a great job of teaching me the business. Likewise people on other desks were very approachable, and were happy to give you insight into their business.

    5/5

  • 4. How busy were you on a daily basis?
  • I was fairly busy. The hours were typically 8-7, and only had to stay in the office later than 8 for a few times. In the first few weeks I did a lot of daily reporting and signing off risk, and after that I spent a lot of time on my internship project. Additionally, there were many meetings with teams, telepresence, so definitely had enough to do.

    4/5

  • 5. How much responsibility were you given during your placement?
  • I was given a fair amount of responsibility. After a few weeks I was sending out daily reports to senior management by myself. Additionally I talked to senior people regarding my project from both Risk, Trading and Research. Whenever I did work for senior people, I would usually have one of the AVPs look through it before hand.

    4/5

  • 6. To what extent did/will the skills you developed, and training you received, assist you in your degree studies and beyond?
  • I could definitely apply a lot of knowledge from financial courses in my daily work. As I was sitting on a Mortgages & Securitized Products desk, I doubt I will be able to use this as part of my degree in terms of further courses, but I might be able to use it in my Master's thesis. The organized training was fairly general and basic.

    4/5

    The Company

  • 7. What was the general atmosphere in your office?
  • Working in Risk, the atmosphere was informal, yet professional. There were a lot of young employees, which made it easy to talk about weekend plans or sports, while also going out for beers throughout the week. However, I did miss a sense of more urgency in the deliveries and the pace at the office.

    3/5

  • 8. How well organised was the overall work placement or internship set up?
  • The internship was extremely well structured. The first week was an introduction week, where we were told how the whole process would be like. We were sent meeting planners for all events during the internship, and HR did a great job structuring the whole programme. This was a really big plus.

    5/5

  • 9. In terms of personal training and development, to what extent did the company or firm invest in you?
  • The company invested a lot in the whole program. We had weekly learning sessions, which were interesting but also very general as they were for all interns. We had weekly telepresence calls with senior risk executives as well, which were a great way to hear about the company and receiving career advice.

    5/5

  • 10. What were the perks on your work placement?
  • Subsidised/Company Gym

    Company Parties/Events

    4/5

  • 11. How appealing are future employment prospects within the organisation?
  • I cant really comment as we will get to know next week, whether we have received an offer or not. Historically acceptance rates have been good to my understanding, however Brexit might present to be an obstacle.

    3/5

    The Culture

  • 12. Was there a good social scene amongst any fellow placement students/colleagues?
  • There was definitely a good social scene amongst the interns. In risk we were only four, but we frequently went out for drinks and dinners. Considering that we were competing for positions, I was positively surprised by the good social scene. It was an important part of the experience to have a good relationship with the fellow interns

    4/5

  • 13. What was the cost of living and socialising in the area you worked in?
  • The internship was in London, so it was quite expensive, However, I lived in Claredale House which had a reasonable rent and was close to the City. Socialising in London is expensive, however there were many events organised by the company. The cost of socialising should not be a cause of concern regarding seeking a position at BAML.

    3/5

  • 14. What was the Nightlife like in the area you worked?
  • Lived in London, so there were plenty of opportunities to go out. Frequently went out for drinks after work with other interns or full time employees.

    3/5

  • 15. Were there many opportunities to get involved in activities outside of work?
  • Yes, in the first week we did a voluntary event.

    3/5

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Details

Internship (1 Month+)

Banking

London

August 2017


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