Insurance Finance Analyst Review

by Lloyds Banking Group

This review was submitted over 4 years ago, so some of the information it contains may no longer be relevant.

Rating

3.1/5
  • The Role
    3.1
  • The Company
    2.4
  • The Culture
    4.0

    The Role

  • 1. To what extent did you enjoy your work placement or internship?
  • I enjoyed most of the work I was doing during my internship. However, I was never given enough work to keep me busy. More often than not I'd start the week with nothing to do and no place to sit (since our location is hot desked) and then be given work on the Friday. Furthermore, I had a line manager who was not supportive enough to my development, which resulted in little work and feeling of neglect. Most of my work was admin based.

    4/5

  • 2. To what extent did you feel valued by your colleagues?
  • The team that I was put in didn't make me feel welcome during my first week and many of the subsequent weeks. Since I had so little work, I would always ask for something to do, and the response I got was usually a short reply about how they were 'too busy' to find work. However, I did make friends elsewhere in my department who made me feel welcome and who treated me like an equal. They would often give me work to do because they trusted that I was smart enough to do it.

    4/5

  • 3. To what extent were you given support and guidance by management/your supervisor(s)?
  • On my first day at Lloyds, I was given very little guidance. I wasn't shown the fire exits, canteen, or toilets. I was left alone for practically the entire day with no work to do. Things didn't change much after I started to ask for more work in the afternoon and in the subsequent days. My manager was always 'too busy' to find me work and could never fidn the time to have weekly meetings like he did with other members of the team. Overall, I felt neglected, stupid, and an outcast.

    1/5

  • 4. How busy were you on a daily basis?
  • For approximately 30% of my placement, I was not very busy. As mentioned before, I wasn't given much work and then when I asked for work, I either wouldn't get any or I would have to wait for the next day or even the day after that to get work. I would usually get busy on a Friday and be given lots of work to finish that day. As the weeks went by, I started to get some bigger projects to work on, which made my days busier, but I was hardly ever rushed off my feet.

    3/5

  • 5. How much responsibility were you given during your placement?
  • I wasn't given very much responsibility. I felt like most of the time my colleagues didn't trust me with the work, having an air of superiority as if I wasn't educated or smart enough to do the work. However, occasionally I would get some bigger projects to work on, which gave me more opportunity to be responsible, as they involved more risk.

    3/5

  • 6. To what extent did/will the skills you developed, and training you received, assist you in your degree studies and beyond?
  • This was my first experience of a professional environment, so I picked up a lot of skills including office etiquite. Furthermore, all projects that I've worked on have required me to have a proficiency with Microsoft Excel. Overall, it's been an invaluable internship because I've been able to develop my efficiency with Microsoft Excel (which I hadn't used since school), I was given the opportunity to do charity work and organise fundraising events, and I was able to learn how to behave properly in a professional environment.

    5/5

    The Company

  • 7. What was the general atmosphere in your office?
  • 3/5

  • 8. How well organised was the overall work placement or internship set up?
  • The overall set up for the Lloyds Scholars internships were poorly done. We had to wait for many months after we submitted our applications to find out the details of where we were placed. This caused my parents problems as they couldn't get enough time off work to help me to move to my internship location. There was very little structure to my internship; no work had been laid out for my 10 weeks here and there was no plan on what I'd be doing within my team/department.

    2/5

  • 9. In terms of personal training and development, to what extent did the company or firm invest in you?
  • 3/5

  • 10. What were the perks on your work placement?
  • Flexi Time

    Subsidised Canteen

    Sports and Social Club

    Company Car

    Subsidised/Company Gym

    National Travel

    International Travel

    Financial Bonus

    Company Parties/Events

    Staff Sales/Staff Shop

    Above 25 days holiday

    Working from home

    Healthcare from home

    Healthcare/Dental

    Travel loan

    3/5

  • 11. How appealing are future employment prospects within the organisation?
  • Generally, Lloyds is a good company to work for since they give you a lot of opportunities to develop, become qualified, and have a diverse work force which is supported by 'Diversity and Inclusion' initiatives. I would not consider working for my team again, but I am interested in pursuing an actuarial role within my department under a more competent line manager.

    3/5

    The Culture

  • 12. Was there a good social scene amongst any fellow placement students/colleagues?
  • I couldn't ask for a better social life than I have now. Since we were placed in an internship because we're on the lloyds Scholars scheme, we all bonded very quickly. There aren't many days where I'm doing nothing or sitting at home bored and alone. Furthermore, I've been able to go to lunch with certain people in my department and there have been several social events that Lloyds has run which I could get involved in.

    5/5

  • 13. What was the cost of living and socialising in the area you worked in?
  • Since I am a Lloyds Scholar, I get my accommodation paid for under the scheme. Furthermore, I am placed within walking distance from work. Hence, I occur no rent costs. I am able to live and work quite comfortably and save money. The only reason I sometimes don't save money is because I'm socialising too much!

    3/5

  • 14. What was the Nightlife like in the area you worked?
  • 5/5

  • 15. Were there many opportunities to get involved in activities outside of work?
  • 4/5

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Details

Internship (1 Month+)

Actuary, Commercial Banking, Financial Management

South West

August 2015


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