Finance Intern, Insurance and Wealth Finance Review

by Lloyds Banking Group

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

Rating

2.7/5
  • The Role
    2.8
  • The Company
    2.3
  • The Culture
    3.1

    The Role

  • 1. To what extent did you enjoy your work placement or internship?
  • The placement has been insightful in that it has allowed me to explore my interest somewhat in the business area that I have been placed. However, in saying this I have not found the role entirely interesting. I feel that I could have received more support than given from my manager as well as more difficult and meaningful work tasks.

    3/5

  • 2. To what extent did you feel valued by your colleagues?
  • The team that I was placed in have made an attempt to include and value me in my role, however there was no desk space available and as such I have been placed at the polar end of the office. I see my manager once a day if I'm lucky and do not chat to the other members of my team and thus feel a little distanced from them.

    3/5

  • 3. To what extent were you given support and guidance by management/your supervisor(s)?
  • My line manager was very helpful in the first couple of weeks of the internship, setting me up for all the admin tasks I needed to complete and inviting me along to all of his meetings. Since this time he does not seem to spend much time in the office; 2-3 weeks holiday, business trips to Cheltenham and agile working have contributed to this. When I need him I am normally able to contact him and receive a quick response, however, it is largely me to contact him. Though I understand the commitments he has with his position I do feel that he could be checking up on me more and giving me more interesting tasks to complete,

    3/5

  • 4. How busy were you on a daily basis?
  • I am very, very busy... but only because I have created tasks for myself to complete. My manager has given me a task which he expected me to spend several weeks on, and I was able to complete it in a couple of days. Since this time I have not seen my manager much and have thus resorted to asking out to my team for additional work. I have also placed way too much focus on the Helping Britain Prosper Charity Challenge, something which my charity team have noticed and pointed out to me.

    2/5

  • 5. How much responsibility were you given during your placement?
  • My manager left me responsible to work by myself throughout the internship. Following the first week or two I have been left to just get on with work and he has not worried too much over me. I have been running a couple of office MI tasks such as formatting an exec pipeline report and a monthly costs analysis.

    4/5

  • 6. To what extent did/will the skills you developed, and training you received, assist you in your degree studies and beyond?
  • To be perfectly honest, I have not found the placement I have been offered particularly relevant to my degree area; it was not what I had applied for. The internship has taught me some important lessons about teamwork and the processes that need to happen to keep a business going.

    2/5

    The Company

  • 7. What was the general atmosphere in your office?
  • Not particularly fun but not particularly dull either. I feel like most people feel they are just here to do a job and then leave, and to me this is sad. As said prior I do not feel that I get much contact with my team which is disappointing and since starting we have only participated in one social meeting.

    3/5

  • 8. How well organised was the overall work placement or internship set up?
  • I do not feel that I have had a definitive plan of action for the internship. The charity challenge is a shambolic idea (please get back in contact if you wish to discuss more) and moreover the internship itself was quite unstructured- communication within the group is lacking and this has only made my workload harder.

    3/5

  • 9. In terms of personal training and development, to what extent did the company or firm invest in you?
  • Not quite sure what to say about this question but I guess that answers it in itself. The internship has taught me to work better as a team and how to go about getting the results I desire, however, it has also put me off a job in finance somewhat- it has made me feel very isolated at times. I do not feel that I have received any measurable amount of training.

    3/5

  • 10. What were the perks on your work placement?
  • 1/5

  • 11. How appealing are future employment prospects within the organisation?
  • I am still interested to learn more... I am aware of the reputation that LBG has earned and recognise them as a top employer. I would like to explore a different role on my second internship, either in Commercial banking or GCA, and be persuaded that finance is an interesting area to pursue.

    4/5

    The Culture

  • 12. Was there a good social scene amongst any fellow placement students/colleagues?
  • Sadly I did not experience this much as I have chosen to stay in the flat that I already rent in Edinburgh. However I have met a number of colleagues through projects and the charity challenge and have made good friends this way. We have socialised together a little and before the end of the internship I have promised to hold a party in my flat to get everyone together.

    3/5

  • 13. What was the cost of living and socialising in the area you worked in?
  • Edinburgh is NOT know to be a cheap place to live and socialise. Lloyds are paying £100 a week towards my rent, however, let me say that you would be very hard pressed to find a liveable flat at this price. My rent is £600 pcm + bills and thus the money LBG pays does not cover all of this.

    2/5

  • 14. What was the Nightlife like in the area you worked?
  • Not something I can complain about at all... living in such a large and vibrant city as Edinburgh the nightlife is variable and impressive for those interested in this scene. I do not go out too often as it is an expensive game, however when I do I always have an amazing time.

    5/5

  • 15. Were there many opportunities to get involved in activities outside of work?
  • Well I've had a few opportunities... my team have had one work social that I attended and a second coming up, I have met the interns a couple of times for social events and I am also in the process of signing up to participate in the Great Scottish Run

    4/5

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Details

Internship (1 Month+)

Scotland

August 2018


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