Summer 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

3.8/5
  • The Role
    3.9
  • The Company
    4.1
  • The Culture
    3.4

    The Role

  • 1. To what extent did you enjoy your work placement or internship?
  • I enjoyed my summer internship at Bank of America Merrill Lynch immensely. Everyone I met was very friendly and happy to speak with me about their role. From the first day at the desk we were encouraged to meet with the Senior Leadership Team which made me feel both welcomed and valued.

    5/5

  • 2. To what extent did you feel valued by your colleagues?
  • I was placed in a relatively small team and despite them often being busy, they all took the opportunity to get to know me and they always made time to answer any queries that I had and give me advice on both my work and general career advice. I really enjoyed being a part of the team

    5/5

  • 3. To what extent were you given support and guidance by management/your supervisor(s)?
  • Although I was given a lot of freedom to go about my project how I wanted, both my manager and my colleagues made it very clear that they were there if I had any questions, advice or even just needed a sounding board. When I was preparing for my final presentation my manager and colleagues were extremely supportive and always willing to give me some constructive criticism

    3/5

  • 4. How busy were you on a daily basis?
  • My business varied depending on the stage of the internship. My first week consisted of training. My first week on the desk was not very busy as I had not been given my project yet but I did have a lot of online learning to do. Most of internship was reasonably busy but not so busy that I had to stay late to complete my work

    4/5

  • 5. How much responsibility were you given during your placement?
  • I feel like I was given quite a bit of responsibility. I was given my project but then it was completely up to me how I went about that project. I was given a lot of autonomy. I decided on who I wanted to see and then went about organising meetings, obtaining documentation and arranging follow ups.

    4/5

  • 6. To what extent did/will the skills you developed, and training you received, assist you in your degree studies and beyond?
  • The training we received in the first week was very general as it focused on what an investment bank does and the products that it sells. In some respects this was good but I did not feel very prepared for my first week on the desk. I definitely feel that I improved my presentation skills as I had to give a final presentation to senior leaders. I was also given useful advice on my final year university dissertation.

    4/5

    The Company

  • 7. What was the general atmosphere in your office?
  • My team was based on one of the trading floors so there was always a good atmosphere. Everyone I met was very friendly which contributed to a very positive atmosphere. The floor was open and my manager sat with the team which meant it was quite a collaborative atmosphere and I always had the opportunities to ask questions

    5/5

  • 8. How well organised was the overall work placement or internship set up?
  • I feel like the work placement/ internship was set up reasonably well although we were not officially told our teams until we started. There were numerous intern social events some set up by HR and others set up by the department. There were also recruiter drop ins where we could go and speak to HR about any issues we may have had

    4/5

  • 9. In terms of personal training and development, to what extent did the company or firm invest in you?
  • There was a week of general training and there was also a number of online learning activities we had to complete. There was a number on intern learning sessions on topics like mindfulness which aided my personal development. I definitely developed my presentation skills as over the course of my internship I received a lot of constructive criticism on my final presentation

    5/5

  • 10. What were the perks on your work placement?
  • Company Parties/Events

    4/5

  • 11. How appealing are future employment prospects within the organisation?
  • I really like the organisation. It has a great culture - open, friendly and collaborative. I would like to be offered a graduate role. The one thing I would say is that we were never told the number of graduate roles that were available. There ended up being a lot of rumours and speculation on this topic. I don't know whether I'll get a job or not since the all the interns are of a really high calibre

    4/5

    The Culture

  • 12. Was there a good social scene amongst any fellow placement students/colleagues?
  • There was a good social scene amongst the interns. We all got along well. There were a number of HR organised events throughout the internship. Also, there were a number of more informal intern/ grad/ alumni events in my department which were enjoyable and also gave us interns the opportunity to get to know people who previously did the internship and were successfully in securing a graduate job.

    4/5

  • 13. What was the cost of living and socialising in the area you worked in?
  • I was based in St. Paul's. Being based in the City meant that I didn't really expect the cost of living/ socialising to be cheap. I spent about forty pounds a week on travel. Although there were lots of tasty lunch options both in the Bank of America Merrill Lynch canteen and outside the bank, lunch typically cost around £6/ £7 a day which meant I tried to bring lunch with me at least twice a week

    3/5

  • 14. What was the Nightlife like in the area you worked?
  • I didn't really partake in the nightlife as I'm not really one to go clubbing etc. However, I was aware of a large number of clubs/ bars within walking distance of the office. Areas such as Covent Garden, Old Street and Liverpool Street were all within walking distance so I would have had no issues in finding somewhere to go out if I were so inclined

    3/5

  • 15. Were there many opportunities to get involved in activities outside of work?
  • There were a large number of opportunities to get involved in activities outside of work. The bank was very big on corporate social responsibility so there were a number of volunteering opportunities to get involved in. My managers were both happy to let me get involved with any that I were interested in.

    5/5

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Details

Internship (1 Month+)

Audit

London

August 2019


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