Investment Banking Summer Analyst. Data collection and analysis; Presentation and pitch book compilation; my duties included corporate broking analysis and emails to clients.
1. To what extent did you enjoy your work placement or internship?
Very good internship. Given lots of responsibility and exposure to deals. Worked in a friendly environment. Included in team meetings / conference calls and put to work straight away putting together pitch books, broking analyses etc. Questions are encouraged and people were more than happy to help, and the skills I gained over its course were invaluable (Bloomberg terminal knowledge, and industry / sector knowledge). Great bank - big enough to have access to quality deals, but not so big you blend into the background.
2. To what extent did you feel valued by your colleagues?
Help was always given and good work rewarded with positive feedback, often from Directors/MDs. By the end of the internship colleagues would simply give you work knowing you'd be able to complete it.
3. To what extent were you given support and guidance by management/your supervisor(s)?
Analysts were happy to help with any situation; even perhaps any trivial questions you ask when starting out. However help was also available from VPs and Directors too. Feedback sessions were arranged to let you know your strengths and weaknesses, and provide you with an opportunity to show improvement.
4. How busy were you on a daily basis?
IB hours as you would expect, but you were not worked too much. Didn't have to pull multiple all nighters, for example.
5. How much responsibility were you given during your placement?
A good amount of responsibility. Included in meetings and given say in smaller aspects of pitch books. Trusted with work that had exposure to clients.
6. To what extent did/will the skills you developed, and training you received, assist you in your degree studies and beyond?
If I wanted to continue with a career in IB then this internship was invaluable. Excellent training was received, and the skills picked up on the job, including Powerpoint, Excel, Bloomberg, data analysis and broader knowledge of industry / sector / markets was radically improved.
7. What was the general atmosphere in your office?
IB floor not as alive as the trading floor, but the atmosphere was relaxed and conversation flowed. Not a playground though, you were still expected to get on with your work!
8. How well organised was the overall work placement or internship set up?
Well organised. It is a bank after all.
9. In terms of personal training and development, to what extent did the company or firm invest in you?
A weeks training course was given to the Interns, which is completely adequate considering we are only interns. After that on the job training was excellent and questions were encouraged. A 'Business Speaker' series was in action where we had talks from MDs in various departments (Equity research, M&A, Debt Cap Markets, Equity Sales and Trading) gave talks about their work. Gave some good insight to those considering these particular areas.
10. What were the perks on your work placement?
11. How appealing are future employment prospects within the organisation?
Work very hard and there is a good chance you will get a job at the end of your internship.
12. Was there a good social scene amongst any fellow placement students/colleagues?
Social events were organised with all the interns. You spend so much time together you get to know each other well, and often meet up for drinks etc.
13. What was the cost of living and socialising in the area you worked in?
London prices... but well covered by compensation.
14. What was the Nightlife like in the area you worked?
Good number of bars / restaurants in the local area (London Bridge / St Pauls).
15. Were there many opportunities to get involved in activities outside of work?