This review was submitted over 4 years ago, so some of the information it contains may no longer be relevant.
Rating
-
The Role
-
The Company
-
The Culture
- 1. To what extent did you enjoy your work placement or internship?
- 2. To what extent did you feel valued by your colleagues?
- 3. To what extent were you given support and guidance by management/your supervisor(s)?
- 4. How busy were you on a daily basis?
- 5. How much responsibility were you given during your placement?
- 6. To what extent did/will the skills you developed, and training you received, assist you in your degree studies and beyond?
- 7. What was the general atmosphere in your office?
- 8. How well organised was the overall work placement or internship set up?
- 9. In terms of personal training and development, to what extent did the company or firm invest in you?
- 10. What were the perks on your work placement?
- 11. How appealing are future employment prospects within the organisation?
- 12. Was there a good social scene amongst any fellow placement students/colleagues?
- 13. What was the cost of living and socialising in the area you worked in?
- 14. What was the Nightlife like in the area you worked?
- 15. Were there many opportunities to get involved in activities outside of work?
The Role
Unfortunately I didn't enjoy the relationship management very much. Firstly, I didn't find the nature of the work very challenging or interesting and this is not a good place to start as a graduate as you only learn soft skills. On the other hand, the hours are good as is the pay so this is worth taking into consideration.
Although I got along with my colleagues, I didn't feel very valued by my colleagues. Very rarely was I given any proper work to complete and when i was given work it seemed more out of a need to occupy me rather than involve me in something that the team was working on.
The whole team was very approachable and there was an absence of hierarchy across the division. Interns were encouraged to ask questions and seek help from across the team not just analysts and associates. There's also a mid-term review half way through the internship where your line manager gives helpful feedback on your past performance.
Not very busy at all. The nature of the work completed by analysts seems to be mainly admin and this was difficult to delegate to interns and consequently I got involved in very little of the day to day work. The last 4 weeks the end of term project occupied the majority of what I did in the day.
Not very much. I was required to do a summary of quarterly earnings reported by FIG clients and then distribute across the bank however aside from this I wasn't responsible for any other work.This problem seems to be exacerbated by the fact that its difficult to give any interns work in the first place that isn't a research project.
i did not develop any hard skills you might have expected to learn in a banking internship such as using excel, bloomberg factset etc however the internship was very good for developing skills such as public speaking (workshop is organised and presenting project at the end) and also networking.This would be useful in any job but not necessarily studies.
The Company
Pleasant, colleagues across the division seemed to get on and everyone was very helpful. As I said before, there was no obvious hierarchy, managing directors sat in the same area as analysts. Everyone was approachable, and while people did tend to focus on their work for the majority of the day, it was still a sociable atmosphere.
The organisation of the internship was extremely well structured by HR, they were very prompt with information before starting and organised lots of events throughout the internship. However, the organisation was poor on the desk, it seemed as if they weren't really sure what work to give interns and it was difficult to get a good understanding of what relationship management was.
There was a week long training at the beginning of the internship which was taught with investment banking interns however the majority of what was taught wasn't needed to do the job in relationship management. There were a few useful sessions such as public speaking. Aside from that, very little on the desk training took place.
Subsidised Canteen
Travel loan
Appealing for a banking job in terms of pay and hours. The hours tended to be around 8am until half 6 for graduates and the starting salary the same as IB grads however the job personally is extremely unappealing in terms of what you do throughout the day, I would go as far as saying that you are a glorified secretary for the first few years and as you only learn soft skills your career prospects seem to plateau quite early on.
The Culture
yes it was quite sociable, the hours lent well to being able to still have a social life in relationship management and HR organised quite a few intern events which meant you could socialise with interns from across the bank and not just the relationship management division. You were never required to work at the weekend so this was also a bonus.
Very expensive but this is expected in London
Canary wharf is quite bad but the rest of London is great.
There was a volunteer day for the interns but aside from that no
Details
Internship (1 Month+)
Investment Banking
London
September 2017