Rating

3.3/5
  • The Role
    4.0
  • The Company
    2.9
  • The Culture
    2.6

Role Description

Global Investment Banking Summer Analyst Internship 2019

    The Role

  • 1. To what extent did you enjoy your work placement or internship?
  • Thoroughly enjoyed my internship at RBC. My team were fantastic and made the experience a lot more enjoyable than I thought it would be. It was easy to learn from them - as long as you work hard. HR did a great job of organising the program and had some very fun intern events throughout.

    5/5

  • 2. To what extent did you feel valued by your colleagues?
  • I would say I felt reasonably well valued for the position I was in. You have to remember as an intern you are not going to come in and add significant value - the experience is a learning curve. Therefore, as long as you are putting your self out there to do the hard yards and learn the basics, you should gain a sense of feeling valued.

    4/5

  • 3. To what extent were you given support and guidance by management/your supervisor(s)?
  • Personally the support in my team was fantastic. I spread my stupid (FYI very little is perceived as stupid from an intern) questions among some very helpful grads who were recently in my shoes. I also had multiple 1-on-1 sessions with senior MDs on concepts I had not come across (however you have to be smart about how you approach this) which was great.

    5/5

  • 4. How busy were you on a daily basis?
  • Despite the internship being held during the quieter summer months, I managed to get staffed on some deals which kept me busy. Working in a product team generally meant more deal experience at RBC which meant I generally had more to do during the day, compared to some sector teams who have an afternoon lull before late evenings. I preferred this as it makes the IB hours more bearable.

    4/5

  • 5. How much responsibility were you given during your placement?
  • I was fortunate to be given a relatively high amount of responsibility during my internship. With Analysts/Associates dipping in an out of holidays, the deal I was staffed on lasted the majority of the internship and during the last couple of weeks I more or less held the pen for the documentation. Although this maybe wasn’t very common - be confident and accurate and you will gain responsibility.

    5/5

  • 6. To what extent did/will the skills you developed, and training you received, assist you in your degree studies and beyond?
  • I wouldn’t say the on the job skills assist with your degree (maybe some of the training if you are doing finance/accounting). However if you are pursuing a career in finance (buy or sell-side), these skills are directly relevant. As a junior banker there is obviously far more admin and grunt work. However, this makes you incredibly proficient on a computer and very employable in the future.

    3/5

    The Company

  • 7. What was the general atmosphere in your office?
  • My team was very pleasant and generally I would say the office was as well. Some teams had some less pleasant people in the office (IB specific).

    4/5

  • 8. How well organised was the overall work placement or internship set up?
  • Very well organised. Great training and introduction to the program as well as multiple events for events (learning and socialising) - HR did a great job.

    3/5

  • 9. In terms of personal training and development, to what extent did the company or firm invest in you?
  • Training was very good. 7 days spend on accounting, then into financial modelling, general Microsoft Office suite skills and online data bases (Bloomberg, Cap IQ, Merger Market etc.) - prepped you reasonably well for the internship. Grad scheme extends on this next year with 2 months training in London & Toronto.

    3/5

  • 10. What were the perks on your work placement?
  • Company Parties/Events

    2/5

  • 11. How appealing are future employment prospects within the organisation?
  • RBC as a Europe investment bank is in a good position from a juniors perspective as they have grown significantly over the last 10 years and are continuing to expand business currently. This means that hiring as been increasing recently - so much so that they are moving into a bigger office in 2020.

    4/5

    The Culture

  • 12. Was there a good social scene amongst any fellow placement students/colleagues?
  • For investment banking yes - London generally has better hours and the bank (and teams) had various social events put on for staff. Staff also hang out outside of work on the weekends.

    5/5

  • 13. What was the cost of living and socialising in the area you worked in?
  • London isn’t cheap. But you are working hard and getting paid very well - the small amount of time you have to socialise you can afford it.

    1/5

  • 14. What was the Nightlife like in the area you worked?
  • Probably some of the best nightlife in the country if you know where to go. However the price of a night out can spiral out of control very quickly.

    4/5

  • 15. Were there many opportunities to get involved in activities outside of work?
  • IB junior bankers don’t have much free time for outside activities. Personally I managed to get some exercise (gym, running and rugby on the weekend) and socialising in when I wasn’t working.

    1/5

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Details

Internship (1-4 Months)

19th September 2019


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