4 stocks to research, model, write an investment report for and then present a buy/sell recommendation to a panel over an 8 week period.
Overall was an enjoyable and productive experience.
Except for my buddy/mentors didn't really have any interaction with anyone else in the team. One fund manager came and spoke to us for about 5 minutes across the 7 weeks we were in the office. HR were v.friendly, however, and often came to check up on us.
Sessions with mentors were excellent, however when they weren't around we were left to get on with work on our own, which had a bit of a 'lost at sea' feel to it.
Always had projects to get on with, however for the first 2 at least I finished with a few days to go and so spent quite a lot of time going over the work/reading investment notes that were circulated by emails/scrolling through bloomberg. Days definitely went quicker when we had meetings/'lunch and learns'to break up the day.
None, but this is completely understandable considering the nature of the job. In fact the internship would probably have been much less enjoyable had we been engaged in work that would actually contribute as this would likely have been quite and nondescript and manual.
No contribution to my degree, however, accounting, equity research, stockpicking, excel modelling, financial analysis and general knowledge/insight into the asset management industry could prove to be invaluable for a career in the industry.
Everyone was friendly but in general quite a serious, heads down and work kind of atmosphere. Not too much fun/jokes to be had. Sometimes felt like we were disturbing those working around us when we spoke between us.
1 weeks worth of full training at the beginning of the internship which was particularly useful considering I am from a non-finance based background. One-to-one sessions with mentors were excellent and insightful, wouldn't have been able to do the work we were set without them!
Above 25 days holiday
Unfortunately wasn't offered a job. Only 2/6 equity research interns were offered full time jobs which I thought was quite brutal considering how difficult it is to get a place on the internship.
Was a good bunch of us, regularly went out for lunches and evening drinks. Couple of bigger nights as well.
London so pretty expensive!
Lots of men in suits! Generally tried to bolt out of The City for any nights out.
Had a Charity Day and the JPMorgan Charity run which were both a lot of fun, some evenings drinks and activities organised for after work by HR also.
Internship (1-4 Months)
Accountancy, Banking/Finance, Business Analytics, Economics, Financial Management
Central London and City
1st September 2014