Market Risk 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

4.1/5
  • The Role
    4.4
  • The Company
    4.2
  • The Culture
    3.4

    The Role

  • 1. To what extent did you enjoy your work placement or internship?
  • Before coming to the job, I heard rumors about bad working hours, and stressful environment. But none of that was true. My typical working day lasted less than 10 hours, but a lot of the other interns had less than 9 hours. The HR team also organizes many events for the interns.

    5/5

  • 2. To what extent did you feel valued by your colleagues?
  • I feel that my team appreciates my input in the meetings and discussions. They give me important work to do which I believe is a sign that they value my contribution. After I submit work, my manager and colleagues give me a lot of constructive feedback to help me improve.

    5/5

  • 3. To what extent were you given support and guidance by management/your supervisor(s)?
  • Although my manager was very busy, he helped me throughout the intern whenever I looked like I was struggling. Other members of the team helped me with my work, but also with learning about the bank. They gave me great career advices which I believe will help me wherever I go to work.

    4/5

  • 4. How busy were you on a daily basis?
  • There was a good mixture between work related events and social events. I had a few regular meetings every week where the team discussed significant events. The internship program also had social events and networking events for the interns which took up a few hours a day. I had enough time during the day to do my work, and enough personal time in the evening.

    5/5

  • 5. How much responsibility were you given during your placement?
  • From the first week, I helped aid the team with proof-reading presentation slides for a meeting we had with external bodies. Over the internship, the projects became more and more important. The work I did affected very senior members of the bank. My work also involved talking to people across the world from US to Asia.

    4/5

  • 6. To what extent did/will the skills you developed, and training you received, assist you in your degree studies and beyond?
  • Communication skills are very crucial, especially in a bank. Reporting work to senior managers was also difficult because you do not know how knowledgeable the senior managers are in your area. Colleagues will also tell you what your negative aspects are so you can develop those aspect and be a better person.

    5/5

    The Company

  • 7. What was the general atmosphere in your office?
  • It is very lively in the office. I was able to have casual conversations with my colleagues, and have fun. I was worried about the "toxic environment of a bank" but honestly, these rumors were far from the truth. People genuinely want you to succeed, and they welcome interns to ask questions.

    5/5

  • 8. How well organised was the overall work placement or internship set up?
  • My manager organized the internship very well from his side, and the human resources team organized the internship very well from their side. However, there were scheduling conflict between work events and HR events which was slightly annoying. Getting access to important application, data and programs took some time, but that was expected and not concerning.

    4/5

  • 9. In terms of personal training and development, to what extent did the company or firm invest in you?
  • The internship consisted of a week of training and development before working at the desk. Throughout the internship, we had external presenters coming in to talk about different aspects of personal development. The Bank also has an online training website where employees can take live webinars and read online teaching materials to develop their career.

    5/5

  • 10. What were the perks on your work placement?
  • Flexi Time

    Subsidised Canteen

    Sports and Social Club

    Subsidised/Company Gym

    Financial Bonus

    Company Parties/Events

    Above 25 days holiday

    Healthcare/Dental

    5/5

  • 11. How appealing are future employment prospects within the organisation?
  • People in the bank often move around different roles. Each role gives unique skills as well as transferable skills. Senior management tell us that it is not a career ladder, but a career climbing frame. They emphasize the ability to move roles within the bank. The employee development team and the online resources give enough guidance to help employees grow.

    3/5

    The Culture

  • 12. Was there a good social scene amongst any fellow placement students/colleagues?
  • At the end of the internship, some people get an offer, and others do not. There is no denying that the interns are competitive. However, my fellow placement students and I got along just fine. We spent lunch times together and went to social events together. We all felt comfortable enough to ask each other for help.

    4/5

  • 13. What was the cost of living and socialising in the area you worked in?
  • Being in the center of London, it is not very cheap to go out. The cost of living is also very high. but considering the level of pay for the internship, these were not a problem. The human resource team also organized many socializing events which helped reduce the cost.

    3/5

  • 14. What was the Nightlife like in the area you worked?
  • I am not the type of person to go out during the night often. I joined the team's badminton group and enjoyed social badminton sessions on a bi-weekly basis. This was the nightlife I wanted, and I am totally happy with that. There is a pub right next to the building.

    3/5

  • 15. Were there many opportunities to get involved in activities outside of work?
  • There are many many opportunities to get involved in activities outside of work. They range from sports to hobbies. I was surprised to see an Esports social group. I joined it because I was passionate. I was able to interact with people in other countries, and play with the bank's esports team.

    5/5

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Details

Internship (1 Month+)

Banking

London

August 2019


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