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
My internship was in Mid Markets, an industry which I have not had experience in before. It was interesting to learn about the sector I was in, however I would have liked the work that was given to me to be more challenging and time pressured. Overall though, I did enjoy my internship and would recomended it to students.
I felt that on the whole I was respected for my capabilities from other colleagues and that they were happy to approach me and give me work. I feel that the managers and colleagues are warned not to give too much work to the interns and hence were sometimes hestitant to give me work, but that did not undermine the fact that I was treated like a colleague and not an intern.
My manager was always ensuring that I was ok and wasn't feeling overwhelmed/overworked. I never felt that I was unable to approach him and ask for questions/help. Overall culture within Lloyd's is that everyone is friendly/approachable and happy to support you and help you learn.
Overall, not that busy. I feel the managers are too cautious with giving out work as they have been warned not to overwork the interns. This may be good for some interns but I like challenging tasks and ones which have tight deadlines. For me, majority of work was not that engaging and hence I was reluctant to ask for more.
I was given various pieces of work to own to completion, but these were rather ad hoc. I would have preferred a constant stream of work or a set of projects which the team relied upon to be completed.
I carried out various online training sessions during my internship (such as competition law, risk management etc) which I feel will benefit me. I gained a better understanding of how to read and interpret business plans and finacial accounts which is useful, and a good understanding for the sector in which I worked.
The Company
Overall, everyone is friendly and approachable. My team didn't go for lunches together which would have been nice. I didn't really get to know my team on a personal level to the degree I would have liked. However, I know plently of other interns who worked amongst teams who were more personable and social.
A good thing about Lloyd's is that the managers have to apply and bid for an intern, and state what the intern would be doing on a day to day basis. So in practice, the intern shouldn't have nothing to do which can occur on some internships. All interns had an introduction on the same day in ExCel in London which was well organised. There are multiple people on hand to contact if you need help with your internship.
There are lots of e-learning courses to take part in. I feel that in comparison to other companies I have interned in, the investment in personal training and development is not as great. However, I did have weekly one to one meetings with my manager which allowed us to check that I was meeting my development targets.
I personally don't find the enviroment fast paced and challenging enough for me and there are not enough travel opportunities. Maybe if you were to enter at a higher level I would find the prospect more appealing, but joining as a grad has not appealed to me.
The Culture
There were lots of interns in London, and many including myself were put up in accomodation in london. There were often drinks after work and many hung out at the weekend. You can be as social or anti-social as you please. There were no social events arranged by Lloyd's though.
I was based in London, so paying 'London prices'. However, Lloyd's pay for you accomadation in London which is a huge bonus. I also walked to and from work as I only lived 30 mins away, which saved me travel expenses.
I worked in Gresham Street which is a surrounded by many offices. Lots of nice and affordable bars around the area which the interns often met up in after work.
I wasn't aware of any opportunities given by Lloyd's outside of work. However, I busied myself with volunteering activities after work and at the weekends. The Lloyd's internship requires you to take part in a 'Charity Challenge' where groups of interns are required to raise money for Children In Need. This required time to organise it, and evenings were taken up attending other interns fund raising events, eg pub quizes, dinners etc where the money went to Charity.
Details
Internship (1 Month+)
Business Operations
London
August 2015