Guest post: An investment banking spring week at Barclays

Theodoros Georgiadis, a first year student on the Accounting and Finance programme at LUMS, gives an interesting insight into his experiences during his spring week placement at Barclays.

I applied for my Spring Week in the middle of my first term at LUMS and I am so glad I did as the experience gave me a huge insight into the world of banking and it positions me very well for next year. My week ran as follows:

Day 1:  We had a welcome session from senior people working in Barclays and started to gain our first insight into the financial markets. We were advised there would be lots of group work and, indeed, present a group project on our final day. Additionally, it was clear there would be lots of networking sessions with the opportunity to meet current employees across all sectors of Barclays and other Spring Interns from other departments with the prospect of making lots of new connections.

Day 2: I met my Barclays ‘buddy’ and would work shadow him throughout the week. As well as seeing his work, it was an opportunity to gain a personal opinion from someone currently working in the bank about ‘life at Barclays’. I also received an introduction and overview into the Barclaycard (credit card) division of Barclays. Indeed, most days, in my group, I received an introduction and overview on a different department.

Day 3: I was introduced to Barclays Wealth and Business Banking and had group project work to complete. Throughout the week there was a big emphasis on Barclays’ values which follow the acronym RISES: Respect, Integrity, Service, Excellence, Stewardship. Clearly the Bank wants employees who can truly embrace and fit into the Barclays culture.

Day 4: An insight into Corporate Banking and Consumer Banking and further group project work.

Day 5: I had the opportunity to get involved in some filming in a digital studio all targeting  next year’s candidates applying for the Barclays Spring Week programme. I never imagined that media and marketing played such a big part within Investment Banking; I thought it was all about finance!

Importantly, also on the final day, I had an interview, CV guidance and a discussion about which division I wished to apply to for a summer internship next year. Depending on what you want to do, if your interviews go well soon after the Spring Week, a candidate can be offered a 2nd year summer internship even though he/she is still in their first year at LUMS! Indeed, I now have an interview next week for a 2nd year summer internship in Barclays Wealth Management. If I secure this position, this is the dream scenario to be in and one of the big attractions of Spring Weeks.

Finally, we presented our group project to senior employees of the bank – a nerve wracking but thrilling experience. We had been tasked to come up with a new initiative so that Barclays can attract more 18-24 year olds. We focused on the student market with a ‘Barclays Scholar Account’ concept.

Reflecting on the week, I was able to gather a lot of information on the different business divisions and associated career paths at Barclays; everything from Investment Banking, Wealth Management, Business Banking, Corporate Banking, Consumer Banking, Technology and Operations. There was the opportunity to meet new people, both from inside and outside of Barclays, as well as the opportunity to develop new skills particularly via the group tasks. Of course, I also have the 2nd year internship interview next week. The whole experience was hugely rewarding.