The internship was 8 weeks with a week of training at the beginning. The average hours were half 8 until 10-11, but this depends on the particular sector / team you are working in.
At the beginning of the internship we were given a weeks long training which introduced us to investment banking along with teaching us some of the necessary skills. In the first couple of weeks everyone was really helpful and we could ask any questions we wanted. Towards the end of the internship you were given more responsibility and left to get on with the work that was asked of you, by this time you did not have to be asking questions. Throughout the 7 weeks there was a lot of exposure to many different levels of staff, I worked with analysts, associates and directors.
Individuals were always very supportive and grateful when you completed a bit of work. I felt like a member of the team and not just a summer intern.
AT RBC there is a 'buddy' scheme in which you are paired with another member of staff from another team. The management in my team were very helpful if I had any issues.
At the beginning we were introduced to a lot of new concepts and methodology, towards the end we were given a lot more diverse work.
I have developed a greater attention to detail and a good work attitude which will help me at University and in later life.
Everyone had a good sense of humour and the atmosphere was fairly relaxed, even when it was getting late.
HR ran the internship very well, organising 'lunch and learn' sessions and other social events.
Individuals invested a lot of time and effort in developing your skills.
Still awaiting feedback.
Accommodation – £169 a week – 10 minute tube from the office but I would recommend getting a place as close as possible.
A lot of bars and pubs nearby – may not always have the time to go and visit them.
The hours are very long so there is not always the opportunity to get involved in other things. However, work was flexible if you wanted to take an hour or two out of the day to go and do something.
Internship (1-4 Months)
Banking - Investment
Central London and City
23rd August 2011
£24,000 - £25,999