Pricing Management Intern at Lloyds Banking Group

Top Employer
Duration
Internship (1-4 Months)
Region
City of London Central London and City
Review Date
Salary
£18,000 - £19,999
Roles
Banking - Retail
Lloyds Banking Group is a Top Employer

6.7/10

The Role
7.7
Organisation
5.8

Socialising

6.5

The Role

Role Description

Analysing pricing and customer behaviour data, suggesting price changes on savings products and presenting these to senior colleagues who approve.

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

I enjoyed my placement to a great extent. I like to have a broad knowledge base and this internship taught me a lot of useful information for my future such as: which savings account to get, how to find a good mortgage, and how retail banking works. I enjoyed the culture in my team and everyone was welcoming.

8/10

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

My colleagues were extremely welcoming and made me feel part of the team right from the beginning. They were keen to teach me what I would need to perform well on my placement and were always ready to answer any questions I had. I was given constructive feedback on the work and presentation I was doing.

8/10

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

My supervisors gave me very good guidance in the first week. I was given a chance to meet the team and the first day was spent learning many of the concepts and acronyms I would be dealing with. I was allowed to work independently but I could always get support if needed.

8/10

4. How busy were you on a daily basis?

I was quite busy on a daily basis. I had a number of presentations to make and had to present these in front of senior colleagues so they had to be very refined. I also had smaller tasks that I could do if I was not very busy and these occupied the remainder of my time.

7/10

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

I was treated like a member of the team and therefore, like the rest of the team, I had to create papers that would be presented at our biweekly meetings. My colleagues were very interested in the papers I produced and valued the information I was presenting.

7/10

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

My presentation skills improved rapidly as I progressed through my internship. This will assist me in presentations on my degree course. I also improved my excel skills which is also a very useful tool to use on my degree. Presentation and public speaking skills are essential life skills that will assist me far in the future.

8/10

The Organisation

7. What was the general atmosphere in your office?

My team is very busy and have very tight deadlines, despite this there is a very good culture within the team. Colleagues are happy to help each other out if someone is struggling to meet a deadline and are always ready to share their perspective in a constructive way.

8/10

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

The placement was well organised as the team has a very organised schedule. There was fluidity also provided which was greatly needed as I did not have a finance background so some tasks took longer than originally estimated. I was given the time and help I needed to ensure I understood the work I was doing and the purpose of it.

7/10

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

Interns had to complete mandatory training which were mostly based around keeping yourself and colleagues safe. There were also fraud prevention training and courses on the regulation around banking. However many of these courses were fairly tedious and were not good for personal development.
Interns had to complete the intern Charity Challenge for Mental Health UK. This was a good opportunity for personal development as interns had to organise events without any supervision.

6/10

10. What were the perks on your work placement?

  • There were no perks with this Internship
1/10

11. How appealing are future employment prospects within the organisation?

Future employment prospects in the company are fairly appealing as I have enjoyed the internship more than expected. The work/life balance is very good and the team culture was also very welcoming. The paths to promotion are also very clear.

7/10

Social

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

There was a good social scene between colleagues and a very good social scene between interns are a majority of the London based interns were living in one accommodation. This gave lots of opportunities to meet new people and socialise.

8/10

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

The cost of living was fairly high as the interns were based in central London. Basic items tend to be very expensive and socialising is even more so. However, as accommodation was paid for and the office was within walking distance of the accommodation, costs were significantly reduced.

4/10

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

Night life around the area was good and it was very easy to travel to other areas as due to good public transport.

7/10

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

The work/life balance on the internship was very good and a lot of time was available to get involved in opportunities outside of work. I regularly had the time to go to the gym and take part in an online programming course.

7/10