This review was submitted over 4 years ago, so some of the information it contains may no longer be relevant.
Rating
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The Role
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The Company
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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
Great opportunity to gain insight into the banking world - lots of chances to network across the bank and figure out where you fit in. First week is spent training, which is a welcome change from other programmes, as this is particularly useful for those without a finance background. Sometime can be a little bit slow in terms of work - but this is dependent on desk.
Everyone takes time to explain what it is they doi, asnd help you out before handing you a task - that is, they don't unnecessarily throw you in the deep end. If people are busy they'll nicely let you know, but they always suggest a time to come back at.
This was very variable - some managers were great and some others were too busy to provide a lot of guidance - relying on other team members carry out this role. This also has a lot to do with staff being on holiday or travelling for business, meaning that some managers weren't available to provide feedback at some points due to being away.
Personally, I struggled to get given long projects that required a lot of time and attention - meaning that I had a lot of downtime. However at other times, everyone decided to give me work at once - meaning that time management was complicated. At the midpoint of your internship most time is spent on the assessed presentation which HR sets you, meaning that the work load is increased considerably at the midpoint. The good thing about downtime is that it gives you an excellent opportunity to network with other desks without feeling like you are neglecting work.
I was given considerably more responsibility in one of my rotations than on the other one. My second rotation exposed me to calls from the start, while on my first rotation this was not the case. A lot of this boils down to how confident you feel, if you think you can handle slightly more, don't be afraid to ask.
I have learnt a lot of real world skills and workplace etiquette over the course of the 9 weeks, as well as matured. While you may learn a lot about the business, the main take home skills have to do with your personal development such as time management and confidence.
The Company
Again this is very team dependent. The atmosphere overall feels a little gloomy due to the situation of the bank in general, but within the teams this is different. There is quite a lot of team dynamics, with people working together to achieve a common goal while having some "banter". I felt taken in by the team, and this is aided by bi-weekly after work drinks or going on team lunches.
Really nice to start easy with some training to ease you in. The roations are great, because it gives you a chgance to be immersed in two different desks, helping you decide what you could potentially be interested in long term. Some networking opportunities, but could benefit from less talks and more cross desk networking opportunities - so say "intro to xxx" sessions with staff.
They outsource their training, as well as providing in house training. When they say DB has the best training on the street this is probably the case. During the duration of the internship, there was also the chance to take part in e-learning to compliment their training. Also your team invests their time (which in this industry = money) in teaching you the way around the desk.
Subsidised Canteen
Subsidised/Company Gym
Company Parties/Events
Healthcare/Dental
Working for any BB bank is appealing. Particularly for DB, I'd say there is a little concern about the future and stability f the bank - but as juniors it's relatively safe. Pay is good, and the culture is very European, marking a positive contrast with American banks which are more cut-throat.
The Culture
As there is a week of training at the start, there is a lot of opportunities to meet people. Also, usually interns went for lunch in groups and occasionally went out for drinks. During the first week this was considerably more common, and it died down slightly after some time.
London is expensive, the area is expensive as it is the financial centre, thus catering to those working in it. However as an intern you are in fact paid enough to not have to excessively worry about not being able to afford stuff. However, this will affect how much you cans save.
Plenty of bars and clubs to attend around the area. The highlight being the three wetherspoons within a 15 minute waling distance radius. A lot of the people going out are interns from other firms but also older bankers which gives it a very different atmosphere to that found at uni.
HR organize a corporate social responsibility day, in which interns get to attend a day of volunteering in the local area. This is a really rewarding opportunity, and they are open to interns organizing more of these activities. You can also join the different netwroks at the bank, which organize different events which can be attended by interns.
Details
Internship (1 Month+)
Banking
London
August 2018