Richard W.
About me
| Richard W. | |
| Economics and Related Studies | |
| Economics & Finance | |
| Undergraduate | |
| Derwent | |
| 2017 | |
| United Kingdom |
My employment
| Summer Intern in CIB UK Pilot Client Coverage Team | |
| BNP Paribas | |
| United Kingdom |
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A day in the life of a Summer Intern in CIB UK Pilot Client Coverage Team in the United Kingdom
Summer intern in corporate banking
Where I hope to be in 5 years
Moving into a managerial role in the financial industry.
My advice to students considering work
Apply early and do not underestimate the importance of extra-curricular activities.
What I do
A 10-week summer internship at BNP Paribas in their CIB UK Pilot Client Coverage team (Corporate Banking). This department manages the relationships of the banks FTSE 100-250 clients.
Skills I use and how I developed them
I was required to complete an industry report and credit proposal of part of my internship. This enabled me to develop my research skills as I was required to compile information from a variety of different sources, including: broker reports, annual reports, financial statements and professional produced industry reports.
Producing these pieces of work also enabled me to improve my written communication skills as my degree is a BSc and I am predominately by problem-based examinations, I am not regularly required to write essays.
Additionally, I was asked to present my findings in these projects which provided me with a platform to improve my confidence in public speaking and presenting to senior managers.
What I like most
I enjoyed applying aspects of knowledge gained from studying a finance related degree to the real world. I also enjoyed the induction week which incorporating a Fitch Learning training course on markets and a Microsoft Excel masterclass. Working with clients who are household names was also particularly interesting as I was able to develop an understanding of they were performing and their strategies.
I also enjoyed the out of office hours networking with my colleagues down at the local pubs and bars.
What I like least
The lack of client contact was disappointing as it meant the majority of my time was spent behind a computer screen.
What surprised me most
The difference between Commercial Banking and Corporate Banking is huge. Large corporates have significantly more complex needs and the level of technical expertise required to be a relationship manager is very high. I also realised the importance of having a strong internal network and how having the ability to call on help from your friends within the bank can be very important.
Next steps...
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