What we have coming up.

12th October – PwC Internships and Employablily Presentation20th Ocotber – EconSoc Army Barcrawl – Tickets sold next week.22nd October – Birmingham Financial Forum24th October – Credit Suisse Operations presentation.

All events are on the website; www.econsoc.com,

Internships and Insight Weeks 2011/2012 PresentationPresented by the University of Birmingham Economics Society

Aim of today is to make sure you go away with as much information as possible to help you get the internship you want and crucially know how to succeed in applications.

What We’re Going To Be Covering

• Who offers Internships/Insight Weeks• Application process • What you need to be doing now• Where to get more help and information• Finally what we’re going to be doing to help.• Q & A session

Why you should I be thinking about an internship this early

on?

• The Reality is some people already have Internships offers

• LSE/Oxbridge/Warwick are better prepared than you and have better opportunities

• You need to be applying for things now! – Basic Rule the earlier you apply the better!

• Deadlines are for Chumps

Today’s Focus

• A strong emphasis is going to be on applications to investment banks, (as they are notoriously competitive) however the general principles will apply to all internships

• Hopefully going to give you a better idea of what to expect when trying to secure an internship

What are Insight weeks and Internships?

• Insight week – Weeks work experience in Spring. Large number of candidate get fast tracked to Internships like this!

• (for students in the First year of a three year course OR Second year of a four year course)

• Internships – 3 Month Analyst Position in the city. If you show your value over the 3 Months, many candidates are offered a full time position (but the work you HARD!)

• (for Student in Second year of a three year course OR Third year students on a four year course) – “Penultimate year”

Who offers Spring Weeks?

Professional Services (PWC, KPMG, Deloitte, Ernst & Young)• Tax / Audit / Consulting

Please note that there are loads more roles available full list of internships available at websites such as Ratemyplacement.com and milkround.com

Who offers Internships?

CLICK ME!

Most firms that offer insight weeks will offer Internship, but there are also loads that offer just Internships.Milkround do NOT know everything, there are loads of firms available – do not pigeonhole yourself into just looking at these website!

What the Application Process involves

Online Application- Basic Information- CV/Cover Letter- Work Experience- Competency Questions

What the Application Process involves

Online testing-Normally Numerical/verbal reasoning/ nonverbal reasoning-SHL / Others (all timed)-Practice, Practice, Practice!

What the Application Process involves

Phone interview-Competency Based-General knowledge about the Firm/Motivations/Market knowledge

First Round Interviews/Assessment centre-Typically competency based interviews -Numeracy Tests (again)-Group Exercises – Presentation – Teamwork Exercises

What the Application Process involves

Finally if your lucky an Offer!

What To Be Doing Now

Decide what your are applying for:

-Have a look at the different roles and decide what you will be best suited for and have an interest in. Make sure you know exactly why you are best suited to one role and not others!- How does your work experience make you ideal for the roles that you are applying for!

CV

– Have a strong CV written that will convince employer that they should choose you over other candidates.(1 page typically) – Careers Service will help with this

What To Be Doing Now

Network

• Meet people who actually work in the City and ideally work for the firms that you will be applying for.

• Come to our Careers Events! – Make sure you get noticed! We run these events for your benefit, so make sure you attend as much as possible!

What To Be Doing Now

Motivations/Competencies:

• Be able to state why you want to work in this industry

• What attracted you to a particular role• What skills do you have that will benefit them• If your not doing anything get involved asap!

What To Be Doing NowGet Involved

- Start reading the FT, Economist start following the markets, the keener you are the greater your chances of success!

- Pressure Trading Game – November 23rd – Register online –http://www.pressuretrade.com

- Financial Forum! – Network with Students and Recruiters- Societies – Investment Society and EconSoc will be looking for

people to get involved and lessen our work load – future leaders- Bloomberg Assessment Test – This is a great tool to make you

stand our from other candidates!

NOW!

• Plan – Decide how you are going to approach each application, keep everything together

• Application – Ensure that you are doing everything prefect – get someone else to check it. UoB Careers. Print it.

• Numeracy – Do loads of practice, this is a easy way to sort out weak candidates. Try to do as much on your calculator, keep writing to a minimum. Practice materials available at SHL and Kenexa/PSL. (and our useful links)

• Interviews – Make sure you know how your getting to the assessment centre, know as much as possible about the firm

Where To Get More Information

- http://www.thestudentroom.co.uk/ : Great resource full of loads of information about people who have applied, know the process and eventually got a job.-VAULT Guide XXXX: Gives a really good insight into the different roles (and what they entail) – Loads of really good career guide available.http://www.amazon.co.uk/Vault-Career-Guide-Investment-Banking/dp/1581313063-http://www.efinancialcareers.co.uk/ -LOADS of info-http://www.milkround.com/ - Provide details and deadlines for internships-Econsoc website: Competency questions from last year, updated list of internships- http://www.mergersandinquisitions.com/ (Mainly US website, but still has lots of useful UK information)http://www.wallstreetoasis.com (Mainly US website, but still has lots of useful UK information)University Careers Department – In university centre, loads of free information, CV help and personal meetings to discuss your future

• www.econsoc.com

Examples

•CV SEO London•Cover Letter Seo London

•LINK to Materials

What We Will be Doing To Help

•Q & A session now•Coming next term:

•Networking events with banks/internship talks•Credit Suisse two events•Bank of America•Transport for London•PwC

•Updated website with this PowerPoint and more general information on everything you need to know.

Social

•Everyone is welcome to join us for a drink on us at Joes bar and we are happy to take questions.

Q&ABrad Watson

HSBC Executive Management

Intern 2011

Zak OozeerallyErnst & Young

Audit Intern

Robert DanilczukBarCap, Credit Suisse

Insight EventsSales & Trading

Anoushka GohilRBS Spring WeekRBS Corp Client

Coverage Summer Analyst 2011

Ajul ShahRBS Spring WeekPwC Spring Week

Citigroup IBD Summer Analyst 2011

Credits

Created and Presented by:Robert DanilczukBrad WatsonTim Thorp

Copyright University Of Birmingham Economics Society 2011©Please do not copy/edit without our direct permission