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Placements/internship opportunities in investment banking

Internships in investment banking and investment management

Internships in banking and investment are about more than gaining work experience; they make a huge difference to your chances of getting a full-time analyst job after you graduate. Most successful applicants to banking and investment graduate schemes have previously completed a relevant internship, usually at the same organisation. Some employers may even offer you a job at the end of your internship if you particularly impress them. Find out more here about the banking and investment work experience pipeline and how it affects you .

Timings and deadlines for investment banking internships

Investment banking internships normally run for eight to ten weeks from July to September, and are aimed at students who have just finished their penultimate year of study. They consist of a structured training programme and interns are expected to participate in the organisation’s work rather than just observing. Many banking internship deadlines fall before Christmas, with the rest in January. Here’s more information on what you should be doing for your investment career planning at each time of year .

Applying for investment banking internships

You apply for an internship with an investment bank or investment management firm in the same way as you would apply for a graduate job: through an online application form or, more rarely, with a CV and covering letter. You may then be invited to an interview or assessment centre. Focus on what you will learn from the internship and demonstrate that you have transferrable skills that are relevant to the vacancy you’re applying for . Get more advice on applying for investment banking internships . Most employers will expect you to apply for a particular business area, so spend time exploring the different businesses and career opportunities that exist within an organisation before submitting your application. Commercial awareness (understanding how the organisation fits into the wider finance world) is essential in the banking and investment sector.

Interviews for investment banking internships

Interviews for graduate and internship positions are broadly similar, but graduate interviewees are expected to have a higher level of technical knowledge and to have already completed internships or other relevant work experience that they can draw upon. Here’s more advice on the main differences between internship and graduate job interviews .

Your next steps after you’ve secured an investment banking internship

Make a positive impression on your internship to give yourself the best possible chance of turning it into a graduate job offer. One way you can do this is by networking effectively . Take a look at our advice on how to prepare for your internship and get the most out of it .

Banking and investment work experience for first-year students

Internship vacancies in this sector are normally only open to students in the penultimate year of university. However, there are opportunities for you to engage with prospective employers during your first year. In fact, the sooner you start, the better your chances of being accepted for internships and ultimately graduate jobs. Most investment banks hold insight programmes such as spring weeks , which are specifically aimed at giving freshers a head start. If you’re a first-year student (or in the second year of a four-year degree), now is the time to apply for these opportunities. If you are selected for any insight days or spring programmes, make the most of the chance to ask questions and think about which organisations would suit you.