Slide 1

Internship and Graduate Applications Workshop 2013 Slide 2 Introduction Outline of Session CV Cover Letter Aptitude Tests Competencies Interview Process Questions Slide 3 What is a Summer Internship? A 10 week interview by both parts A great opportunity to sample the lifestyle of a career in the City Open to all degree disciplines Penultimate year students as well as recent graduates Rotation vs. placements Slide 4 FirmInternshipGraduate Barclays Capital31 st December15 th November Morgan Stanley1 st December- Bank of America Merrill Lynch 12 th December- Goldman Sachs1 st December- J.P. Morgan8 th December10 th November RBS31 st January15 th November UBS29 th December10 th November Credit Suisse11 th December17 th November Citi27 th December- Nomura12 th January1 st December Deutsche Bank30 th December17 th November EYRolling ICAP26 th January24 th November BNP Paribas31 st December30 th November Slide 5 CV Structure Profile Education Work Experience Positions of Responsibilities Skills and Interests One Page (Two max). Dont lie. Be relevant. Slide 6 Profile Slide 7 Education Slide 8 Work Experience Slide 9 Positions of Responsibility Slide 10 Skills and Interests Slide 11 Cover Letter Purpose Core Structure Intro Why Division & Program Why Bank Why You Check if letter has specific addressee otherwise Dear Sir/Madam Slide 12 Purpose Supplement CV as an explanatory tool Opportunity to express: Personality Motivation Written Clarity Stand out CVs are quite generic More important when competency questions are not required Slide 13 Core Structure Introduction Clearly state what you are applying for Slide 14 Core Structure Why Program What made you apply Why do you want a place What do you think you will gain from it Slide 15 Core Structure Why Area Some programs area specific You may already have some preference Slide 16 Core Structure Why bank Knowledge, Research, Understanding PUNCHY, not generic Do not regurgitate website Slide 17 Core Structure Why You Highlight key skills which you can offer Demonstrate them through 3 to 4 examples Skill Base: Numerical, Analytical, Communicational, Evaluative, Leadership, Enthusiasm for Finance (DUIFG!), Team Work, Stamina, Drive, Project Based Work, Linguistic Ability, Organisational, Intrigue, Ability to Synthesize Information, Determination, Attention to Detail, Pure Academics, etc. Stand Out: Do not be genericThink of interesting examples Slide 18 Core Structure Slide 19 General Tips and Hints Spelling and Grammar The company name e.g. J.P. Morgan not Jpmorgan, JPM or J P Morgan Be careful when copying and pasting Make every word count The applications can lead to 10,000 internship 45,000 graduate offer Be concise Stay in touch with us Slide 20 Aptitude Tests Verbal Reasoning Test Numerical Test Ratios, percentage calculations, exchange rates, inflation and proportion A standard part of the first stage screening process along with the CV, Cover Letter, and Competency Based questions already discussed Slide 21 Verbal Reasoning Example 1 Slide 22 Verbal Reasoning Example 2 Slide 23 Numerical Example 1 Slide 24 Answer to Numerical Example 1 Slide 25 Numerical Example 2 Slide 26 Answer to Numerical Example 2 Slide 27 Reasoning Tests Hints and Tips Make sure you will not be interrupted during the test Dont ponder too long on any question, make an educated guess and move on True/False given information / Cannot say without more info, dont try to infer information Read broad sheet newspapers, reports and business journals Slide 28 Numerical Tests Hints and Tips Be careful with units Calculator, rough paper Dont spend too long on one questions if you are stuck Aim for roughly 1 minute per question Read financial reports in newspapers, studying tables of data and practicing your mental arithmetic Practice at: www.shl.com www.students.efinancialcareers.co.uk www.dur.ac.uk/careers/s/cvapp/pt/ Slide 29 Competencies i Slide 30 Competencies ii Slide 31 Competencies iii Slide 32 Competencies Example 1 Slide 33 Competencies Example 2 Slide 34 Telephone Interview Usually 30 minutes Every interviewer is a business representative not HR Mixture of competency and technical knowledge Keep CV, Cover Letter, and basic notes in front of you Speak slowly, clearly and concisely Dont be afraid to pause Smile! Slide 35 Telephone Interview Answers to competencies Why the firm Why the division Why you Recent financial news Market overview Exchange rates Oil & Gold prices Inflation rate A stock / live deal you are interested in Slide 36 Assessment Centre Usually or 1 day long The whole day is assessed, including lunch Generally consist of: Repeat Numerical Testing Group Exercise Individual Presentation One to One Interviews Slide 37