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Banking Investment / October 20, 2014

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Who are the big name banks?

A lot of the major banks are made up of divisions and departments that specialise in different areas, like those outlined above. This allows their brand to be known on the high street by customers who want to use them as a retail bank, while also having other 'back-end' divisions that might not be as well known publically, but deal with corporate clients and deals. Some of the UK's biggest banks include the following:

  • Barclays: an international banking organisation that's involved in retail and investment banking, with its headquarters in Canary Wharf, London
  • HSBC: a multinational banking company that has commercial, investment, retail and private banking arms.Banking internships in London Headquartered in Canary Wharf, London
  • Lloyds Banking Group: a British banking group that has retail and commercial banking operations, among others. Lloyds' headquarters are on Gresham Street, London
  • Royal Bank of Scotland Group: the RBS group offers personal, private and business banking services, among others. This banking group is headquartered in Edinburgh, Scotland.

Banking internships uk summer 2015Benefits of banking placements, internships and insight schemes – fast track to a graduate scheme?

The banking industry loves work experience. Companies in this sector offer hundreds of placement, internship and insight scheme jobs for students each year. But what are the real benefits of these programmes?

  • A student job in the industry gives you the chance to see first-hand what it's like to work in a sector that monitors countless financial transactions and the movement of billions of pounds every day
  • Banks are huge institutions, so there's room for you to move around, experience working in different departments, take on different responsibilities and work in an environment where there's room to grow
  • Many of these banking programmes are designed for undergraduates who need to undertake work experience during their university degree – therefore they offer training and exposure to real-world business tasks
  • You'll get the chance to work with banking professionals and learn from them, seeing first-hand what skills are needed to thrive in this industry
  • Many banks' placements and internships are designed to sound out talented students like you who may well be able to progress to become part of the company's graduate scheme
  • You'll get invaluable feedback from senior team members and managers and advice on how to develop your own skills and perform well in the future.

There are loads of great reasons above why banking placements, internships and insight schemes are beneficial for your development.

“70% of our interns are usually offered a permanent job on the graduate programme with no extra assessments”

Banking internships

A banking internship is basically a period of time that you'll spend with a bank or financial company, working on real projects and being treated as any other employee would be, not just a student. You should be interested in banking internships because they serve as an intensive introduction to the industry, in which time you'll learn a lot about a truly global and influential sector.

Banking internships abroad