Summer Analyst Review

by Royal Bank of Canada

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
    4.4
  • The Company
    4.2
  • The Culture
    2.1

    The Role

  • 1. To what extent did you enjoy your work placement or internship?
  • I enjoyed the internship a lot. The tasks were often challenging but still manageable. Feeback from collleagues was prompt and extremely helpful. Instructions on tasks were mostly very clear. The work environemtn was very good and colleauges tried to include me in various projects. Generally, I was working on a variety of things in different projects, which I really enjoyed.

    4/5

  • 2. To what extent did you feel valued by your colleagues?
  • My colleagues really included me in the team and I could see how my work supports the team's progress. I always felt valued and included - in the office as well as outside when we went for drinks. Feedback was very direct, but in a supportive way. I felt like I was a full part of the team as I was not excluded from anything that was going on.

    5/5

  • 3. To what extent were you given support and guidance by management/your supervisor(s)?
  • Usually, I received very detailed and clear instructions. When my supervisor was busy, sometimes instructions would be shorter but still clear. He would often come to me later to explain me the bigger picture. Generally, my supervisor always tried to show me the purpose of my tasks. Asking questions was encouraged and that was particularly helpful in learning about the industry.

    5/5

  • 4. How busy were you on a daily basis?
  • I got very involved with a variety of tasks. After the first days, I got to be very busy regularly. Many times, I was working on several tasks at the same time and had to manage my time well. Working hours were very typical for investment banking. However, I never felt like I had more work than I could handle.

    4/5

  • 5. How much responsibility were you given during your placement?
  • The amount of responsibility I received increased strongly over the course of the internship. All my work would always be checked diligently by the person giving me the task. High accuracy was always expected. I was allowed to participate in a meeting with the management of a client and created and sent out a weekly thought piece to clients. I was also always responsible to manage my workload on my own and finish tasks against tight deadlines.

    5/5

  • 6. To what extent did/will the skills you developed, and training you received, assist you in your degree studies and beyond?
  • The skills I developed will be very helpful during university as well. I learned to work very intensely under high pressure and finish things quickly. Overall, I got much more productive in any task I perform. Furthermore, I learned to manage my time even better. The training is extremely helpful to develop a basic understanding of accounting and financial modelling. I am now more able to assess a companies profitability.

    5/5

    The Company

  • 7. What was the general atmosphere in your office?
  • The atmospehere was very supportive. You could feel that people were hard-working but colleagues would still find time to socialise during lunch breaks. The team culture was extremely good and we occasionally went out after work. From my impression, the employees cared about the well-being of the interns, that they are in an environment where they can perform well and that they also enjoy the work experience.

    5/5

  • 8. How well organised was the overall work placement or internship set up?
  • The internship was very well organised. There was a week of training in the beginning, which was fantastic for people with little finance background. Even for people with a background in finance, it was a great opportunity to connect with the intern class - connections that would prove very helpful during the internship. The taks on the desk were not pre-organised but really came up to the team. Every intern got very involved with their team.

    5/5

  • 9. In terms of personal training and development, to what extent did the company or firm invest in you?
  • The internship started with a week of classroom training in accounting and financial modelling. This training was extremely useful, in particular for people with no or little financial background. After the initial training, there was no overall training programme. My team gave me and my fellow intern trainings about different industries in the area we covered. This was very helpful.

    3/5

  • 10. What were the perks on your work placement?
  • Subsidised Canteen

    Financial Bonus

    Company Parties/Events

    Healthcare/Dental

    4/5

  • 11. How appealing are future employment prospects within the organisation?
  • To me the are very appalling. The culture is very enjoyable and it is characterised by a lack of face time culture. The company is growing its operations in Europe - so it is a great time to experience that now. Teams are fairly small, which gave me a lot of exposure to more senior bankers as well.

    5/5

    The Culture

  • 12. Was there a good social scene amongst any fellow placement students/colleagues?
  • Yes, during the first week of the internship the interns bonded very well. the whole intern class was very engaged with each other. Also non-intern colleagues spend lunch/dinner breaks regularly with interns. We also went out for drinks fairly often. This was one of the very enjoyable aspects of the internship.

    5/5

  • 13. What was the cost of living and socialising in the area you worked in?
  • London is an expensive city to live in. Renting is very high and also food is more expensive than in other European cities. Drinks around the office are vey expensive too. Nevertheless, as most of the time I was working in the office, I did not spend particularly much during the internship.

    1/5

  • 14. What was the Nightlife like in the area you worked?
  • The City of London is not renowed for its nightlife. There a re a few pubs and bars in the area but they are all quite expensive. I would not recommend the night clubs in the City but to tke a cab into a different part of London. The bars andpubs were alright to have a drink with colleauges after work but other places are better to hang out for longer.

    1/5

  • 15. Were there many opportunities to get involved in activities outside of work?
  • I was working in the investment banking division. Work-life balance is better than at other compnies, but that still means that you have no chance of doing something outside of work regularly on a weekday. Whether there is work to do on the weekend, depends entirely on what is going on. It is certainly possible to engage in activities, such as sport on the weekend. occasionally though, there will be tasks that have to be performed.

    2/5

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Details

Internship (1 Month+)

London

October 2017


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