vac. scheme accommodation Watch

Schott
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#1
Report Thread starter 11 years ago
#1
OK this may seem a really really stupid question but I don't have a lot of knowledge in the area. If someone was to obtain a placement on a vacation scheme at a City firm, but did not live in London, then theoretically would they have to find some hotel or b&b in the suburbs and commute every day? I mean there must be quite a few people who do not have friends/family in London. Or do firms provide/assist with accomodation?
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kaisersalsek
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#2
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Just stay in uni halls, easy
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Schott
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#3
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#3
Ah right - you can do that even when you are not a student at that uni? Thinking about it I heard they do let out the halls over the holidays.
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Lewisy-boy
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Yeah, they cost a bit but I'm doing it and they're dead convenient (if crap compared to halls at other unis outside of London, in all honesty, but they're literally a place to sleep and that's it).
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Lush Law
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Vac scheme remuneration doesn't pay anywhere near well enough to stay in a decent hotel in London. If I were doing a vac scheme I'd probs stay in a hotel but to be honest it's a bit pointless as I doubt you will spend much time in your accom.
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Schott
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#6
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#6
You get paid for vacation schemes??
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litispendence
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#7
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#7
I'm staying in LSE accommodation, which looks pretty nice to be fair but seemingly more pricey than the others!

Tony_Ron - Yes you generally get paid around £200 a week, depending on whether you're inside or outside of London.
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Lewisy-boy
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Some firms pay up to 400, but I think that is rare.
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Schott
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#9
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Aha, is that out of kindness and pity, and maybe even necessity, or do you actually do valued work for the firm?
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kidney thief
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(Original post by tony_ron)
Aha, is that out of kindness and pity, and maybe even necessity, or do you actually do valued work for the firm?
they say its to help with living in london but i guess its more cos their rivals pay their vac students so they have to aswell. A kind of chicken and egg scenario
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kalokagathia
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(Original post by tony_ron)
Aha, is that out of kindness and pity, and maybe even necessity, or do you actually do valued work for the firm?
Damn right that they pay us, given that most of my time at two of the schemes was billed to clients... Would be a bit cheeky otherwise!
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Lewisy-boy
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In the words of one guy: "by the time your research is 'checked' by two partners it's worth a substantial amount of money to the firm".
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