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
The whole 6 week experience was very enjoyable. The wide variety in what the Bank does means that as an intern you are never bored. I was in the PRA which ensured that each day was different. The openness and friendly nature of your colleagues was also great.
They made a large effort to make you feel welcome and useful. For a first year I was given a high degree of responsibility. Including recording minutes for important and sensitive external meetings. Plus there was lots of training.
I had weekly sit downs, were we discussed my progress. Plus everyone was very open and encouraging to questions. I was surprised at the level of time they invested in me, considering how busy they are and that I am only a 1st year.
Out of all the other interns I had one of the greatest workloads. It depends massively in what area you are in. The PRA tend to have more work. However it was nothing like a private bank with work/life balance very important at the Bank.
You always want more responsibility, however I was given a lot. I got to meet lots of high level bankers, had to complete a few personal projects that were used internally and externally. I also got to attend lots of important internal meetings including a pre-MPC.
I learnt all the basics of banking, capital, liquidity, governance etc. This was through my supervisor teaching me and formal occasions of teaching. I learnt more in the 6 weeks than I would at uni, a lot is invested in you!.
The Company
Sometimes a bit quiet. However it was a good level of relaxed. Everyone was friendly and willing to help each other. A general culture of collaboration existed rather than internal competition, with everyone working for the public good remit.
I had everything planned by my supervisors. This meant that I was always doing new things and learning about all aspects of the supervisors job. However there was flexibility so that I could organise my own opportunities. Such as meetings, training and Lloyds visit.
For a 1st year graduate, a massive amount! They put a lot of time in making me feel welcome, engaged and trained, I could not have asked more in terms of the Banks investment in me. Overall a great experience, although I was a little lucky in what department I ended up in.
Subsidised Canteen
Sports and Social Club
Subsidised/Company Gym
Company Parties/Events
Very appealing. The renown and prestige of the Bank is high. You interact with high level bankers and are given a lot of responsibility. Plus they invest and train you a lot. However obviously private sector pays higher.
The Culture
Lunch most days. Plus we had 1 organised night out and a fair few informal ones. Was around 25 of us spread over the institution of 3000, therefore it was interesting learning from others about there work. Was fun!
A few surprising areas for food and drink that weren't too bad. However you are in the City. One saving grace was the massively subsidized canteen. However rent will take all your salary, or the commute will take it.
You are in the City, so a lot of stuff going on. Some great pubs. It is what you make of it, and were you can find that is not filled with investment bankers or/ and way too expensive. But theres high mobility, can go anywhere in London.
They encourage you to get involved in other areas. For example they want you to join volunteering programs. Moreover I was invited on team away days which was fun. Since its so big, it is what opportunities you take.
Details
Internship (1 Month+)
Commercial Banking, Investment Banking, Retail Banking, Banking, Business Management
London
August 2015