Investment Valuations Intern, responsible for managing the assets on the Scottish Widows balance sheet. duties involved market analysis, valuation and the production of valuation models.
1. To what extent did you enjoy your work placement or internship?
I definitely enjoyed my internship with Lloyds Banking Group. My team were very welcoming and supported me well during my time here. I was given a variety of work tasks and have learned lots whilst here.
The work life balance of Lloyds was very good and allowed me to make the most of my time here.
2. To what extent did you feel valued by your colleagues?
Interns and Graduates are valued members of the bank. Significant time was invested by my team to aid my development. I connected well with my colleagues and work socials were very fun.
The development of their interns is clearly a focus of Lloyds Banking Group. Especially considering the strong interactions between Grads and Interns.
3. To what extent were you given support and guidance by management/your supervisor(s)?
The work an intern is given is very dependent on their line manager. My business area was very busy at times so often if was left to my own devices. However Lloyds is a very large bank so you are often able to work with different teams depending on the work load.
When available my team were very involved and my line manager did provide support.
4. How busy were you on a daily basis?
I was given several large 3 week projects to do over my internship. They were rather open ended analysis tasks which meant I could sink as much time into them as I wanted to.
Some days were very buys and others less so, depending on deadlines. Overall I wish I was a little bit more busy in terms of my structured work.
5. How much responsibility were you given during your placement?
Lots of responsibility. I met with key stakeholders and my analysis tasks were sent to these individuals. My team spent the time to train me to complete these tasks to an acceptable standard, and as such I was given responsibility.
My work was directly drawn upon in meetings and I received the credit I deserved.
6. To what extent did/will the skills you developed, and training you received, assist you in your degree studies and beyond?
I have a non finance background (chemistry) but my team took the time to teach me. I can now effectively use most functions on a Bloomberg terminal, I have built valuation models from scratch. I also understand all of the assets on our balance sheet and can confidently discuss each one.
All of these I couldn't do before I started.
7. What was the general atmosphere in your office?
The general atmosphere in my office is very good. It is a very professional environment yet employees can still converse. It is a very friendly environment. My team were very welcoming.
The office is also very nice, lots of desk space, with a breakout area for when you want to have a coffee and chill.
8. How well organised was the overall work placement or internship set up?
The internship was very well organised. Very up to your line manager however mine was great. No issues joining and leaving the team, no problems with organising holiday or anything like that. My accommodation and travel was sorted for me, all promptly organised and arranged. Paid for by Lloyds Banking Group as well.
9. In terms of personal training and development, to what extent did the company or firm invest in you?
My team invested lots of time training me. I joined a very technical area, so I have learned lots under my colleagues guidance. I have received valuable experience in the finance sector, I have been taught how to use different kinds of software and tools, all relevant for a career in finance.
10. What were the perks on your work placement?
11. How appealing are future employment prospects within the organisation?
The future employment prospects within the organisation are very attractive. The Lloyds graduate scheme is very competitive and many move from the internship onto the graduate scheme.
I am seeking to gain a place on their graduate scheme. And I will be encouraging others to apply to Lloyds Banking Group.
12. Was there a good social scene amongst any fellow placement students/colleagues?
All the interns live in the same accommodation, which was provided by Lloyds Banking Group. There is a very good social life amongst the interns. My team also held socials and would regularly go for drinks after work. Work life balance is encouraged by Lloyds Banking Group, we have a good time.
13. What was the cost of living and socialising in the area you worked in?
The living cost is very high since we are in the city of London, socialising is very expensive too. Clubs and drinks are very expensive. However you can be smart about it and find cheap places. Lloyds pay for my accommodation so they cost overall is very low as I am not paying for rent.
14. What was the Nightlife like in the area you worked?
The nightlife is very good. Our accommodation is in central London so lots of clubs are available to us interns. I have enjoyed the nightlife, it has been a highlight for me.
Lloyds favour work life balance so it has been okay to push things. working from home, etc makes things easier.
15. Were there many opportunities to get involved in activities outside of work?
Yes, working drinks and a boat party were offered. There are football leagues and other teams within the organisation. There is plenty of opportunity for engagement and interaction.
Us interns also live together so it is always busy and there is a good atmosphere. I have been very involved with Lloyds Banking Group during my time here.