The Student Room Group

Looking For An Paid Work Experience/Summer Internship In Finance/Investment Banking

Hello everyone!

Sooo I am looking for some work experience or a summer internship in an Investment Bank or something to do with finance. I would like it to be paid so I could use that money to finally start a proper trading account or actually put that money into some savings to help contribute towards university. (Depends on pay).

But of course the need to find work experience in Investment Banking/Finance is more than the need to get paid - so I am still open to find summer internship/work experience where it is unpaid.

Currently I have applied to the Aspiring Professionals from JP Morgan.
I was also looking to a summer internship in Bank Of England that was paid, till they scrapped the program before applications link before applications opened. :frown:

So can you awesome people refer me some links to some banking internships that I can apply to? Been looking around and here are some further details to me to filter some out:

Male (scrap Morgan Stanley)
Would like to do at LEAST 1-2 weeks (so no insight days)
Predicted 3A's
Year 12
Preferably in the summer
Preferably paid.
In London/South East England

Apparently there was also a placement from Credit Suisse, but can't seem to find one in London? If anyone has the link it'd be much appreciated!

Thanks!
Why not apply for part time jobs in retail, telemarketing, stuff like that and use the money from that for trading?
Original post by The1AndOnly1
Hello everyone!

Sooo I am looking for some work experience or a summer internship in an Investment Bank or something to do with finance. I would like it to be paid so I could use that money to finally start a proper trading account or actually put that money into some savings to help contribute towards university. (Depends on pay).

But of course the need to find work experience in Investment Banking/Finance is more than the need to get paid - so I am still open to find summer internship/work experience where it is unpaid.

Currently I have applied to the Aspiring Professionals from JP Morgan.
I was also looking to a summer internship in Bank Of England that was paid, till they scrapped the program before applications link before applications opened. :frown:

So can you awesome people refer me some links to some banking internships that I can apply to? Been looking around and here are some further details to me to filter some out:

Male (scrap Morgan Stanley)
Would like to do at LEAST 1-2 weeks (so no insight days)
Predicted 3A's
Year 12
Preferably in the summer
Preferably paid.
In London/South East England

Apparently there was also a placement from Credit Suisse, but can't seem to find one in London? If anyone has the link it'd be much appreciated!

Thanks!


Mate, you have got ahead of yourself here. There is no paid internship placement for Year 12. You will even struggle to find decent non-paid experience, because at this age you are of no use to anyone.

Your best bet would be to get an understanding of the industry, find what role you ultimately want to go for later on and most important of all, get into a TARGET university (work hard for those A Levels).

Since you are keen, your best bet would be to attend insight days, apply for the limited work experience available (such as HSBC Retail & Wealth Management). If you are an ethnic minority, register with SEO and The Brokerage Citylink, these two have interesting opportunities that come up from time to time.

Since you mentioned trading; see if your school participates in the IFS student investor challenge. If not, you can open a personal account; if you lack funds, there are several demo platforms online where you can simply gain exposure.

At this age, you are limited by opportunities, but keep an open eye, as many of these opportunities go unnoticed. Most important of all, smash those A Levels.
Given the high degree of competition in these sectors, you will need to make an informed decision as to whether firstly the job is right for you and secondly the route needed to get there. Gaining a first hand insight into these professions via insight schemes/work experience/interns during your A levels may also help you when applying to university courses or further jobs down the line.

1) A good place to start would be Student Ladder which gives an overview of what opportunities are available:

http://www.studentladder.co.uk/Work-...xperience.html

Examples of firms that offer experience:

Bank of America Merrill Lynch
Credit Suisse
Morgan Stanley
HSBC
RBS
PwC
McKinsey
Ernst & Young

All you simply have to do is check if you fit the application criteria and apply. Generally they ask for Predicted Grades (i.e Banking has AAB) and if you're filtered through you get a numerical & verbal reasoning test.

2) Another way to get involved would be through recruitment agencies assisting 6th form students getting work experience in professional industries. There are two organisations that I'm a part of who were able to offer me countless opportunities.

SEO London ( http://www.seo-london.com/ )

The Brokerage Citylink ( http://www.thebrokerage.org.uk/ )


These agencies generally take students from disadvantaged backgrounds and ethnic minorities to develop their competencies and understanding of life in the City. Generally admissions requires strong A level predicted grades/AS grades and an interview however it is definitely worth the effort, if you make it through. If successful, with SEO you are assigned a personal mentor who guides you through the application processes and CV/Cover letter writing.

3) Most people know someone who works in the industry they're aspiring to go to. This is one of the simplest way to get exposure into a particular field which looks good on your CV as it shows initiative. Simply ask a relative of a family friend to offer you a week experience, even if it's shadowing. It may seem obvious but a lot of people miss out on said opportunities which really adds value to their character.

I'd strongly advise taking advantage of said opportunities, as they're definitely useful and a great chance to network. Also networking is a vital part if you're successfully permitted on to these programmes. Stay in touch with the people you meet, a good way is to set up a LinkedIn account so people can track your progress and you can easily send mail/questions.
Original post by gr8wizard10
Given the high degree of competition in these sectors, you will need to make an informed decision as to whether firstly the job is right for you and secondly the route needed to get there. Gaining a first hand insight into these professions via insight schemes/work experience/interns during your A levels may also help you when applying to university courses or further jobs down the line.

1) A good place to start would be Student Ladder which gives an overview of what opportunities are available:

http://www.studentladder.co.uk/Work-...xperience.html

Examples of firms that offer experience:

Bank of America Merrill Lynch
Credit Suisse
Morgan Stanley
HSBC
RBS
PwC
McKinsey
Ernst & Young

All you simply have to do is check if you fit the application criteria and apply. Generally they ask for Predicted Grades (i.e Banking has AAB) and if you're filtered through you get a numerical & verbal reasoning test.

2) Another way to get involved would be through recruitment agencies assisting 6th form students getting work experience in professional industries. There are two organisations that I'm a part of who were able to offer me countless opportunities.

SEO London ( http://www.seo-london.com/ )

The Brokerage Citylink ( http://www.thebrokerage.org.uk/ )


These agencies generally take students from disadvantaged backgrounds and ethnic minorities to develop their competencies and understanding of life in the City. Generally admissions requires strong A level predicted grades/AS grades and an interview however it is definitely worth the effort, if you make it through. If successful, with SEO you are assigned a personal mentor who guides you through the application processes and CV/Cover letter writing.

3) Most people know someone who works in the industry they're aspiring to go to. This is one of the simplest way to get exposure into a particular field which looks good on your CV as it shows initiative. Simply ask a relative of a family friend to offer you a week experience, even if it's shadowing. It may seem obvious but a lot of people miss out on said opportunities which really adds value to their character.

I'd strongly advise taking advantage of said opportunities, as they're definitely useful and a great chance to network. Also networking is a vital part if you're successfully permitted on to these programmes. Stay in touch with the people you meet, a good way is to set up a LinkedIn account so people can track your progress and you can easily send mail/questions.


Hi,

Thank you for your comprehensive reply, sorry for such a late reply from myself, but it was because I have been going through all the banks searching for some work experience.

All of the banks have programmes for university students, not for first year 6th formers - is there any program for a 6th former or do I really have to wait until I am at university? After all, when it comes to the stage of finding work experience in an investment bank, if I could find some work experience now, it will help stand out when the places are competitive.

I am eligible for SEO London, but not he brokerage link, how does the former work? I have signed up, but still have to submit an application it seems before they start emailing me about work experience placements.

Please advise on what to do!

And thank you for replying! Much appreciated!
Original post by Ladbants
Why not apply for part time jobs in retail, telemarketing, stuff like that and use the money from that for trading?


Hi! Thank you for replying!

Because I have already been bitten twice from bad trading, I need to learn how to trade and the books aren't cutting it - I'd rather work and learn firsthand, hands on instead of getting bitten a third time.

Unless you can recommend me a trading course, that has worked for you or someone you know that I could go on?

Please advise,

Many thanks!
Hey!

I've just had a quick look on Milkround and have found the following jobs:

Accounting Analyst Intern, Illumina http://www.milkround.com/job/87409/accounting-analyst-intern/
Finance & Accounting Placement, James Grant Group: http://www.milkround.com/job/87401/finance-and-accounting-placement/
Internship and Placement programmes, Grant Thornton: http://www.milkround.com/job/84917/internship-and-placement-programmes-/

I've filtered the search by internship and work experience and Accounting and finance:
http://www.milkround.com/jobs/internships-and-work-experience/accounting-and-finance/#browsing
Original post by Milkround
Hey!

I've just had a quick look on Milkround and have found the following jobs:

Accounting Analyst Intern, Illumina http://www.milkround.com/job/87409/accounting-analyst-intern/
Finance & Accounting Placement, James Grant Group: http://www.milkround.com/job/87401/finance-and-accounting-placement/
Internship and Placement programmes, Grant Thornton: http://www.milkround.com/job/84917/internship-and-placement-programmes-/

I've filtered the search by internship and work experience and Accounting and finance:
http://www.milkround.com/jobs/internships-and-work-experience/accounting-and-finance/#browsing


Hello!

Thanks for looking and searching around for some work experience programmes. Again, in this case they are all for penultimate year graduates whereas I am in Year 12.

Did you find anything while searching for a banking work experience placement for a Year 12 that's still open?

Thanks for helping and please do let me know,

Thanks!
Sorry about that! You might want to check out the Milkround School Leaver website instead:
http://schoolleavers.milkround.com/jobs/

How about this one?

Junior Accountant, 3 month role, West London: http://schoolleavers.milkround.com/job/87643/junior-accountant/
Reply 9
In Year 12 I was happy to work in KFC.

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