Private Banking Internship at RBS

Top Employer
Internship (1-4 Months)
Application Deadline
Central London and City East Midlands North West Scotland
Edinburgh, Manchester, Birmingham, London
Salary Band
£20,000 - £21,999
Role May Involve

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RBS is a Top Employer
“I thought it was really well structured. RBS is definitely a good firm to work with. Would recommend you to apply if you would like to have an insight into the banking industry. Plenty of opportunities…” - Read full review

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Private Banking Internship

Take your first steps into a career in Private Banking, by joining one of our unique programmes focussed on relationship management, or investments. Within the Private Banking pathway, we have three distinct internship options you can join us on - Relationship Management with Coutts, Relationship Management with Adam & Company, or our specialist Coutts Asset Management programme. We’ve designed all of these 10 week summer internships to give you direct experience of the work we do in Private Banking, our goals and our team culture.

If you join our Coutts Asset Management pathway, we’ll introduce you to how financial markets work at a high level, including portfolio management, investment product, multi asset investment and investment research. You’ll start developing a deep understanding of how investment works and the services we provide.

But, whichever Private Banking pathway you join, you’ll establish a network that will help you make an excellent start to your career. We’ll help you develop your skills so you’re able to deliver first class solutions for our clients. You’ll support us to provide high net worth clients with relationship support and understand their challenges.

On all programmes, we’ll reward you with a salary of £21,500 pro rata, depending on location.

All internships provide a great opportunity to:

  • Develop your skills, and build some new ones
  • Meet new people and grow your professional network
  • Deepen your understanding of private banking
  • Experience our team culture and values
  • Get stuck into a real life project and add value to the business
  • Gain valuable career experience, which will inspire your future career choices

For us, it’s also about finding and engaging talented and passionate people, who’ll make a difference to our business in the long term. That’s why if you complete the internship successfully, and enjoy the experience, there could be a place available for you on our 2021 Private Banking graduate programme.

What you'll do

The internship starts with an induction. You’ll then begin a 10 week placement, where you’ll attend training workshops, get involved with our day to day work, and take part in a business improvement project with fellow interns.

We’ll pair you up with a ‘buddy’ and a line manager you’ll support you for the full 10 weeks. Your buddy will be a current graduate who’ll help you get settled by sharing their experience. Your line manager will provide guidance and support throughout the programme, and help you grow your professional network.

For a fuller picture of how you’ll progress through the 10 weeks, check out the Learning Journey below.

Learning Journey


If we offer you a role, one of the first things we’ll do is invite you to join our onboarding portal for successful interns. We use it because it’s a great way for us to communicate key messages and to make sure you’re all ready for your first day. We’ll pair you up with your buddy who’ll be able to answer your questions before starting and who’ll help you throughout your 10 weeks. We’ll also introduce you to your line manager before you start too, because we want to make sure you hit the ground running.


Here’s where you’ll learn about RBS, meet your fellow interns and have the chance to talk with colleagues, including senior leaders, from around our business.
As well as giving an overview of the bank, the induction will outline the goals of the programme, introduce you to our values and explain the work you’ll be involved in over the next 10 weeks. You’ll also learn about the training we’ll provide and how we’ll assess you on the programme.


Over the 10 weeks, you’ll be taking part in a business improvement project, linked to one area of Private Banking. You’ll find out about the specifics of this project during the Induction.

We’ll ask you to find a solution, or improvement in a specific area. This’ll give you the chance to complete research on a topic, work collaboratively, develop a business plan, and come up with recommendations for improvement or change to support our values. You’ll present on this, individually, toward the end of the programme.
This’ll be a great way of putting new ideas forward, making a real contribution and getting a sense of what our team culture’s really all about.

Community Project

In addition to your placement and business projects you’ll take part in an intern challenge related to an exciting topic such as making a difference in a community, sustainability or innovation. Working in teams you’ll have a few weeks to create a business plan and come up with creative ideas to a question or challenge set by our charity partners or the business.
Throughout the challenge our graduates will support you. It’ll be a great opportunity to develop your entrepreneurial skills, work with other interns across the bank and contribute to our sustainability strategy, while having fun.


Toward the end of the internship, we’ll assess you on what you’ve learned, against the goals and values explained in the induction. You’ll be keeping up a learning log, week by week, and you’ll be discussing progress with your line manager throughout.
In the penultimate week you’ll present, individually, on the business improvement project you’ve been involved in, and you’ll also have an end of internship review. Complete these successfully, and we might offer you a place on our 2021 Private Banking graduate programme.
From there you can carry the skills you’ve learned forward and take the next exciting step in your career.

About you

To be eligible for our internship programmes, you’ll need to be in your penultimate year of a university degree, and on course for a 2:1 or above.
You’ll also need sharp analytical skills, paired with an interest and dedication to self development.

You’ll have fantastic communication skills, both written and verbal, and a strong team work ethos. You’ll also enjoy working with people, and have a desire to learn when it comes to relationship management.

About RBS

We’re the bank that’s determined to make a difference – to our customers, our people and the communities we serve. That determination is what makes RBS such an exciting place to work. We believe there’s a right way to do business, and we’ve created a fair, open, honest culture that values your passions and will help you achieve your full potential.

How to apply

To apply for this role and to find out more, please click on the apply button.