Internship Details

  • Job Title: Emerging Talent Intern
  • Start Date: 2010
  • Length: Internship (1-4 Months)
  • Location: London,
    Central London and City
  • Salary: £18,000 - £19,999
  • Roles: Banking - Commercial, Banking - Investment, Banking - Retail, Banking/Finance, Insurance
  • Reviewer’s Course: BA (Hons) History
  • Reviewer’s University: Durham University
  • Review Date:

Company Sectors

  • Banking - Commercial
  • Banking/Finance

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Job Title: Emerging Talent Intern

Overall Rated 8.8

★★★★★★★★★

The Role

Role Description

This was a ten-week internship within the Group Procurement division, which involved taking ownership of projects, streamlining processes within the team, providing administrative support to permanent staff and dealing with outside suppliers. Some of the specific tasks performed included:
- Contacting suppliers to ascertain the correct point of contact for the consideration of an RfP
- Standardising the monthly Management Information packs received from all BPO suppliers and creating a hybrid pack which would gain visibility with the Group Procurement Director and other executives
- Assisting with cost modelling for outsourcing projects
- Drafting contract change requests
- Sense-checking and amending contractual Statements of Work and approving them ready for sign-off
- Helping to research and shape a report on the global BPO industry for the Managing Director of Operations

1. To what extent did you enjoy your work placement or internship?
★★★★★★★★★★

Rated 10/10

An absolutely fantastic opportunity. The team I was placed with were welcoming, professional, extremely friendly and happy to treat as more than 'the intern'. I was given real responsibility and real projects to deliver.

2. To what extent did you feel valued by your colleagues?
★★★★★★★★★

Rated 9/10

I really felt my work was valued, and colleagues were happy to give constructive criticism when asked.

3. To what extent were you given support and guidance by management/your supervisor(s)?
★★★★★★★★★★

Rated 10/10

I received regular feedback and help when I got stuck, and my line manager was without a doubt the best boss I've ever had.

4. How busy were you on a daily basis?
★★★★★★★★☆☆

Rated 8/10

Some days I was run off my feet, and on others I had to keep myself busy but there were normally no shortage of tasks to be working on.

5. How much responsibility were you given during your placement?
★★★★★★★★★

Rated 9/10

See above.

6. To what extent did/will the skills you developed, and training you received, assist you in your degree studies and beyond?
★★★★★★★★★★

Rated 10/10

The skills I learned and the confidence I gained have already helped me in the continuance of my university studies, and they have undoubtedly helped me beyond university as I have been offered a position on the graduate programme!

The Organisation

7. What was the general atmosphere in your office?
★★★★★★★★★

Rated 9/10

Fantastic. Everyone was really friendly, and willing to have a laugh as well as getting on with the professional side of the job.

8. How well organised was the overall work placement or internship set up?
★★★★★★★★☆☆

Rated 8/10

9. In terms of personal training and development, to what extent did the company or firm invest in you?
★★★★★★★★★

Rated 9/10

10. What were the perks on your work placement?
★★★★★★★★☆☆

Rated 8/10

  • Subsidised Canteen
  • National Travel
11. How appealing are future employment prospects within the organisation?
★★★★★★★★★★

Rated 10/10

See above.

Other Information

12. Was there a good social scene amongst any fellow placement students/colleagues?
★★★★★★★★★

Rated 9/10

Many social event were organised, and there was a great atmosphere among the interns.

13. What was the cost of living and socialising in the area you worked in?
★★★★★★★☆☆☆

Rated 7/10

I worked in Central London so cost of living was high, but London is always worth it!

14. What was the Nightlife like in the area you worked?
★★★★★★★★☆☆

Rated 8/10

Great. I was right on London Bridge, with easy access to plentiful restaurants and bars etc.

15. Were there many opportunities to get involved in activities outside of work?
★★★★★★★★☆☆

Rated 8/10

There was a fortnightly 'Procurement Football' session which was great fun and a good chance for some exercise.

Final Average Overall Review Ratings

Calculated by combining the answers in each section.

  • The Role Overall

    ★★★★★★★★★
  • The Organisation Overall

    ★★★★★★★★★
  • Everything Else Overall

    ★★★★★★★★☆☆

The final verdict…

On average, this intern student rated Lloyds Banking Group with a 8.8 star rating average.

★★★★★★★★★

Review 25/31 for Lloyds Banking Group

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Internship Questions & Answers

Hi, I have gained an internship for this coming Summer and just wondering if you could help me: I have received my offer over the phone and would like to know what happens exactly now. I know Reed will be contacting me next but is that over the phone or my post? And how long before I find out exactly where I will be? And who contacts me for that and how? Any help will be greatly appreciated. Thankyou in advance.

Question asked by a RateMyPlacement user on 4th March 2011

First of all, congratulations on your offer! I'm sure you'll have a great summer.
Reed should be in touch my email, phone AND post, if the system is still the same as it was for me. Don't worry, they're always lovely. You'll be sent some paperwork to fill in, so you'll need your education and employment history to hand, as well as the standard stuff like your NI number. And they have a dedicated team for Lloyds interns, so they should be able to answer any questions you have about the stuff they send you.
I found out the exact details of my placement 1 month before my start date, so I presume it'll be the same for you. For that you'll get an email from the HR team who deal with the interns and grads, with an attached file giving you more information on what your position will entail.
I hope I've been useful, if you have any more questions please let me know!

Reply from the review author on 4th March 2011

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