Lloyds Graduate Scheme 2023

Anyone know how fast track applications work when you've done an internship prior?

Depends what you compare it to, compare to BB/MM banks the salaries are below par.

Financial services pay a premium because there product is essentially human capital and it’s an investment in talent. They want high capacity highly motivated hard workers.

below par? What do BB/MM banks offer graduates?

Depends on role (this has a big impact) but absolute peak some offer front office with the bonus included is now into6-figures.

Their are also some prop trading firms who pay 6-figure base & include a further bonus, although they are extremely hard to break into (typically Oxbridge PhD maths or similar)

Crazy! Interesting to know, thank you. Since LBG don't have an investment banking arm, I think their salaries are still quite good for the roles they have.

I think some of the products are on paper similar but how you manage the clients is very different & particularly where the source capital comes from.

Anyone know how fast track applications work when you've done an internship prior?

Dont't know if there is any fast track applications but when you apply normally they do ask if you have worked with them before, if yes they then ask you for your LBG work email and the manager you worked under.

Do they offer this? If so, get in contact with their graduate recruitment team and let them know you're interested. I assume your name would still be on their system.

Depends what you compare it to, compare to BB/MM banks the salaries are below par.

Financial services pay a premium because there product is essentially human capital and it’s an investment in talent. They want high capacity highly motivated hard workers.

Depends on role (this has a big impact) but absolute peak some offer front office with the bonus included is now into6-figures.

Their are also some prop trading firms who pay 6-figure base & include a further bonus, although they are extremely hard to break into (typically Oxbridge PhD maths or similar)

That's insane, must be ridiculously hard to break into and the work life balance must be tough also I guess

There's definitely fast track as they explained this to me during the internship offer call but was just wondering if anyone had actually used this method to apply just yet

Ok, well i did not use it then. Did they tell you how it works and what steps of the selection process are skipped?

Asset management roles are probably 50 hours a week, trading is similar. If you work on deals you can expect 80-90 hour weeks your first couple years, but most people who are successful in the application process aren’t daunted by hard work and have genuine desire to work on big commercial deals.

yes it’s hard to break in, but generally if you push yourself to be successful continuously, do the research, and keep grafting - you’ll carry the skills & mentality into whatever career you end up landing you’ll probably achieve a LOT.

Ok, well i did not use it then. Did they tell you how it works and what steps of the selection process are skipped?

They haven't elaborated just yet and said they will explain more on the internship later this year. Was just trying to find out ahead of time from any previous interns

If you’ve done an internship, it might be worth emailing recruitment and asking them about this potential fast tracking. Unless you already have an AC?

Fair play, definitely get rewarded for their hard work and tremendous work ethic. I'm content on £45,000 + doing 40 hours a week though. Work life balance is vital for me