We were assigned to two particular desks within our department and spent 4/5 weeks on each. The tasks we were given depended on which desk we were on but tended to be focused around helping put together pitchbooks, market updates and updating investor briefs. A lot of the work required us to research companies looking at rating agency reports, broker reports and Bloomberg.
In addition we the interns were split into groups and we were given a project to complete together over the 10 weeks.
Despite long hours, the job was, on the whole, enjoyable. The work was interesting and there was a steep learning curve. Everyone in the office was very willing to help where we had problems. There were a lot of interns in each department and we were given the opportunity to meet each other as well as more senior team members at networking events organised by HR.
Most permanent team members were very friendly and willing to help. At times it did feel like there was little I could contribute as the work was too technical however on the whole I had the opportunity to help out with a variety of work.
Everyone was very willing to help. We were assigned line managers who met with us on a regular basis to discuss our progress and discuss our thoughts on the internship. The management within our team were approachable and spent time explaining areas that we did not understand
At times I found that I had little to do, particularly towards the beggining of the internship. I was given a lot of reading and not a lot of work to do, however as time progressed I became busier and was able to help out more.
The amount of responsibility varied between desks. Often I was given the task of updating something that had been previously done. As I was new to the industry this involved asking around for information as my market knowledge was often not deep enough to do this completely alone. However, you quickly learn where to look for information and are given more responsibility. Often updated slides would be put straight into pitches or sent round internally.
I found that there was a very steep learning curve. Coming into the bank I had little knowledge of the product areas that I was involved in and found a lot going straight over my head. However, you quickly pick it up and start to understand much more about the product.
There was a good atmosphere on most desks. Both teams I sat with got on very well and joked with one another. Each intern had a buddy who had recently started at the bank which was a great way of meeting some of the analysts who were all good fun.
HR were very helpful and were given lots of information on what we needed to be doing. We were given weekly training sessions which helped us to understand how our desks worked with others. The rotation system allowed us to sample more than one desk seeing how often very varied products worked.
We were offered a lot of training sessions and the chance to network with other interns and senior employees at networking events. Members of the team were willing to invest a lot of time into explaining to us things that we did not understand.
Great atmosphere, interesting work and lots of opportunities
Having met the other interns early on we often went for lunch together or drinks after work. The teams that we worked on also invited us out for drinks some evenings.
Lot's of choice - bars, clubs, resturants etc
We had a community challenge day as well as the chance to participate in other sporting activities outside of the office.
Internship (1-4 Months)
Central London and City
23rd August 2010
£24,000 - £25,999