Positioning MBA hires for success
Banking Associate Crystal explains how rotating through three groups shortly after starting at Barclays helped her find the right one to join full-time.
Banking Associate Crystal explains how rotating through three groups shortly after starting at Barclays helped her find the right one to join full-time.
My name is Crystal and I am a first year Banking Associate in the Industrials coverage group. I joined the firm full-time after graduating from Indiana University Kelley School of Business in 2016 and recently completed training and the Associate rotational program. The Associate rotational program offers incoming Associates an opportunity to work in three different coverage or product groups for approximately five weeks each before joining one group full-time.
The Associate rotational program provided me with the unique opportunity to experience how different groups operate on a day-to-day basis and ultimately make the best choice for my career. This program was one of the key factors that stood out to me during recruiting because it gives incoming Associates options and visibility with groups you might not have had otherwise. I initially had been certain that I would return to the group I spent my summer internship in, as I had thoroughly enjoyed my experience. I went into rotations with an open mind and surprisingly found that Industrials was the group I wanted to join full-time.
The program is a great example of how Barclays invests in its junior bankers. Most MBAs come into the Associate role viewing it as a starting platform for a career in banking. This makes finding the right group that much more important. The program is one of a kind and gives incoming Associates the chance to explore different industries and groups in a structured way and allows them to gain a more well-rounded understanding of the bank overall.
I benefitted greatly from the rotational program and believe it is truly an amazing opportunity. I would encourage all incoming Associates to take full advantage of the program by reaching out to groups and speaking with different individuals in order to ensure they find the best fit for themselves through this program.
With $10,000 at stake, a team of young bankers help nonprofit Brooklyn Woods future proof its business
It’s Liz again, back with the final update on the pro bono project my team and I have been working on. After twelve weeks of hard work and learning the ins and outs of Brooklyn Woods’ situation, the time had arrived for our final presentation to the Taproot Foundation and Barclays’ senior management. Not only was our pride in our work at stake, but also the opportunity to win a $10,000 grant for Brooklyn Woods. No pressure!
Prior to our presentation, we transferred our deliverables to Brooklyn Woods and trained them in how to use them. Our final deliverables included a vanity pricing model, marketing framework and a list of prospective clients, which I talked about in depth in my prior post. We provided them with a 12 month plan that incorporates these deliverables into three main areas: business model implementation, relationship management and new business acquisition. The pricing model allows for increased financial control by tracking multiple projects at once and clarifies the feasibility of specific projects, while allowing BWI to bid more intelligently and competitively. Through the review of existing and future business, BWI can better manage projects and plan for future projects and minimize potential disruptions or delays. Alongside this, BWI will work on strengthening their existing business relationships and developing new clients through targeted prospecting and the roll out of new marketing materials and increased social media presence. The framework for marketing and client relationship management includes a quarterly newsletter, electronic brochure and social media initiatives. This framework showcases both the top quality products BWI makes, as well as the social impact of the product and local roots of the program.
The night of our presentation, we went through the mission of BWI and their social impact on the community and lives of their program’s participants. We then addressed what specific challenges BWI faces and the solution that we had developed. Luckily for our group, we were the first to present before our nerves got the best of us! However, it definitely wasn’t easy to sit through the rest of presentations. All of our colleagues (and competitors in this case) had done an outstanding job working with their nonprofits, and delivered creative, tailored solutions for their own specific challenges. While it was nerve wracking to sit through, it was also inspirational and moving to see the work that had been done and realize that we all won in this situation, regardless of which nonprofit got the money. Each group had created solutions for their nonprofit that would ultimately benefit the communities we live and work in, and drive positive change.
After all of the presentations, the judges determined that we won! We were extremely excited to win the challenge and be able to tell Brooklyn Woods that they had qualified for the $10,000 grant. It is especially inspiring to hear that they are already using the tools we created, which are adding value in a real way for Brooklyn Woods. Brooklyn Woods is thrilled about the grant opportunity and will use the funds for business development that will lead to quality paid transition work experiences for their graduates. Brooklyn Woods has a bright future and I’m excited to see the progress they make over the next year. Hopefully, when the time comes for me to put down roots and buy a home in New York City, I can order my bathroom vanities from Brooklyn Woods and watch our project come full circle!
Melissa attended the Sophomore Springboard program and found her fit
For me, the Barclays’ Sophomore Springboard program was not just an incredible weekend, but also the moment that changed everything. As a Political Science and History double major, I’ve always had an interest in finance, but felt at a disadvantage because of my lack of academic exposure. Throughout the program, I spoke to many Barclays’ employees from every background imaginable, and learned how I could apply my unique background to success in this industry – which was invaluable.
The training with Pillars of Wall Street and the Stockfuse simulation were unbelievably effective in helping me better understand the different aspects and components of finance and preparing me for my internship. The Stockfuse simulation proved to be one of the most helpful resources, as it helped me become more accustomed to the dynamics of envisioning and executing trades. The techniques I gained through the use of Stockfuse prepared me for my upcoming interviews. I also contacted my trading group from the Sophomore Springboard program and ran pitches by them to get feedback and extra practice.
Beyond technical skills, Sophomore Springboard really helped me narrow my focus in this industry. I was torn between joining a Sales and Trading team or one of the Banking divisions. However, the conversations I had with the Analysts, Associates, and Managing Directors really helped me understand the different roles and responsibilities throughout the bank and eventually find my fit. I networked with so many incredible people – both peers and Barclays’ employees – and I’ve kept these connections over the past year. Each conversation really showed me how passionate everyone at Barclays is about the work they do and the people they work with. The Sophomore Springboard program not only solidified my interest in finance, but also showed how perfect a fit Barclays is for me. I can’t wait to return as a summer analyst this year.
Securing a job in NYC is only half of the battle. The other half is finding a spot to hang your hat for 10 weeks.
If you’re interning in New York this summer, you may be asking yourself, “Where am I going to live?” The good news is that thousands of people before you have answered this question for themselves and you will too. It just takes a little bit of time, effort and strategy.
To start, there are two key considerations you should think about.
1. Decide on a budget for yourself. This will ultimately help you determine whether you will live in a local college residence hall, rent your own studio, find roommates for a shared apartment or dream up another solution. Budget is also a key factor when deciding whether to convince yourself that living on the sixth floor of a building without an elevator will double as your daily workout.
2. Decide on a part of town. Different parts of the city have different average rent prices and your choices may be limited by your budget (see step one). Additionally, while it may seem great to get a place in the hippest neighborhood, remember that you’ll want to take in to account things like your commute to and from the office, the noise level both day and night, safety and accessibility to necessities like a late night convenience store, laundromat, supermarket, drug store and even the gym.
Once you’ve answered those two major questions, start looking around on the internet or asking people you know for information. Members of your network at your future employer or classmates that interned in New York the previous year can offer valuable advice. Know others who are in the same situation? Join forces with them and navigate the apartment hunt together.
Just know that when it comes to real estate in the Big Apple there is a sweet spot as far as your timeline is concerned. Looking for a temporary sublet any more than one month in advance of your move-in date is typically too early, although it doesn’t hurt to keep an eye out before then. It’s not that New Yorkers are procrastinators per se. It’s just that the flow of move-ins and move-outs tend to balance out in 30 days’ time.
That being said, local college residence halls (such as those at FIT, NYU, Columbia and NYIT just to name a few) run on a different timeline. If you want to get into one of those, it’s best to make your arrangements before the end of March to give yourself the best probability of getting a spot, not to mention your first choice of roommate or a single room.
Here at Barclays, we will provide our incoming interns with a list of places to consider staying for the summer. We include information on applying to summer dormitories, the process of hiring a broker, finding men’s or women’s residences, hotels/hostels and summer sublets via popular websites listing services. If you’re not going to be working at Barclays, ask your summer employer if they have something similar to share.
No matter what you decide and where you end up, this is the city that never sleeps. Your home is your sanctuary, but you might find that you aren’t spending much time there because you’ll be out and about making the most of your internship and this amazing city.
Incoming Summer Analyst, Clarissa says that attending gave her the support needed to land an internship.
Last spring, I had the opportunity to participate in the Barclays’ Sophomore Springboard Program. After going through a very competitive application process, I was excited to be chosen to join Barclays for this experience. When I visited Barclays’ New York headquarters I was awestruck by the dynamic and fast-paced work happening right in front of my eyes.
One part of the program that I enjoyed in particular was the tour of different floors within the office. Visiting the areas of the different types of bankers enabled me to observe the distinctive roles of the product and coverage groups and understand the key differences between them.
Additionally, Barclays kept the program exciting by bringing in Pillars of Wall Street to help us learn about investment banking, and we were given the opportunity to play a virtual trading game. Throughout the program, I was able to meet and talk with many members of the firm. During the cocktail hour and the networking breakfast, I spoke with several different Analysts and Managing Directors from various groups in the bank. I relished the opportunity to converse with people who had extensive experience in the field I was pursuing, and I gained a great amount of valuable insight from these conversations. I also enjoyed meeting and conversing with other students in the program who were smart, driven and passionate about finance.
After the program concluded, Barclays provided great support to help prepare me for the summer internship recruiting season.
The recruiting process can be a bit intimidating because of the competitiveness and complexity of investment banking, but I was fortunate to receive continuous encouragement and support from Fordham alumni, former Barclays’ interns and my mentor leading up to my interview day.
I was drawn to the environment at Barclays from the time I participated in the Sophomore Springboard program, and that connection has deepened as I have continued to interact with the firm. During my interviews, the Managing Directors were interested in the person I was and the career goals I have; showing me that I would be more than just a number at Barclays. Being a two-sport Division I athlete at Fordham University, I thrive in a team environment, and I found teamwork to be an integral part of Barclays’ philosophy. I admire the motivation, passion and loyalty the people I met show to the firm. I was thrilled when Barclays made me an offer, and I accepted it on the spot. I am incredibly excited to start a career in investment banking at a place that prides itself on upholding their core values of respect, integrity, service, excellence and stewardship.
It’s an exciting time, but you’re probably wondering what comes next. Find out here.
Congratulations on accepting an offer! You’re well on your way to starting your career. But before you get started on the desk, there are a few items to check off the list. You may hear the term “onboarding” thrown around, which is the process through which an organization assimilates new employees. Each company has their own specific process for onboarding; however some things are likely to happen if you’re joining a company like Barclays.
During the months between accepting your offer and your first day, you might be asked to submit updated personal, contact or career information, like an updated mailing address or resume. You’ll also probably be asked to complete a number of forms needed for things like background checks, drug tests and proving your ability to work in the country where you've been hired.
There’s generally a lot to keep track of during the onboarding process. Your employer may give you access to a tool or guide that lays out all the steps you need to take. At Barclays, we have a “new joiner” website to help keep new hires on track with all of their tasks and to organize their information.
During this period, you may not be in contact with your recruiter as much, but they are definitely still available to answer your questions! Do keep an eye out for communications from your recruiter though, as they may send information regarding tasks to complete or key program information you won’t want to miss.
And speaking of being in touch, the time between accepting your offer and actually starting is a crucial time for you to be networking within the company. You've already met several people through events and interviews. You can use those connections to your advantage during this quieter period. An expanded network not only helps you understand the business better, but it could also help you decide which desk or business groups you want to work for if you need to go through a group placement process for your program.
After the onboarding your first day likely to include an orientation. At Barclays, all of our interns and full-time graduates start off with a robust training program tailored to their needs. Everybody’s first day at any new job is always a mix of excitement and anxiety, but don’t worry, you've made it this far and you’ll be fine. Good luck!
Brandon’s Sophomore Springboard experience and his post-program mentor made all the difference in landing the job.
I am very grateful for being given the opportunity to attend the Barclays’ Sophomore Springboard program. I owe a lot to the many great people I met at the firm along the way and the exceptional guidance that they provided me during the recruitment process. This program is an intensive, hands-on, two-day session, where the participants learn about several divisions within the firm and receive training from various experts within the financial services industry.
All of the participants came from diverse backgrounds and attended many different prestigious universities. This diversity was helpful over the course of the program, as we were able to collaborate and learn from different perspectives. The program is designed to give students a feel for how a bank operates on a daily basis and introduce you to some of the unique aspects that make Barclays so great.
My experience in the program was one-of-a-kind. When I interviewed for the Sophomore Springboard program, I spoke with a University of Virginia alumnus. I was elated to speak to someone with a similar educational background. We were able to connect on a more personal level, which took a lot of pressure away from the interview itself. My interviewer, Cecil, who works in the Banking division, turned out to be one of my greatest resources during the recruitment process, and I certainty would not be in the position that I’m in today without his help, guidance and the introductions he made between me and many other great Barclays employees.
Prior to arriving in New York for the program, the participants were able to communicate and interact through a Barclays Springboard app. This was a great tool before, during and after the program because it enabled us to share insight that we gained and expand our network of students who were interested in similar career paths.
Once we arrived in New York, the program featured hands-on experience for all participating divisions. I believe the introduction to the different divisions, including the explanations of the different lifestyles and interests that are a good fit for each, was very helpful since I was unaware of what I actually wanted to pursue within financial services. The seminars and workshops helped me decide which division suited me best given my skill set and aspirations. In addition, the program coordinators and experts explained everything thoroughly and were great resources, answering any questions that we had. The workshops used real-world examples that made it easy to grasp complex financial concepts.
A final feature of the Sophomore Springboard program was pairing participants with a mentor who could help us throughout the summer by answering additional questions and assist with recruitment and interview preparation. I was matched with Cecil and could not have asked for a better mentor. Although Cecil is in the Banking division within Barclays and I am more interested in Markets, he made every effort to connect me with the right people. Each employee I spoke to was phenomenal in guiding me and provided me with the resources needed to prepare me for my upcoming interviews.
When it came time for my interview at Barclays, I felt very comfortable and appropriately prepared. I shared the insights that I received from each person at the firm, especially my mentor, with my interviewers.
Overall, my experience during the Sophomore Springboard program at Barclays was second to none. I believe that having a mentor after the program was the most helpful resource for me during the recruitment period rather than the prep courses and networking events at numerous other banks. I am very thankful that I was able to attend the program, and I could not be more excited to work for such a great firm with so many great people this summer.
Program Manager Marni tells you what to expect.
When you accept your offer to join the Markets and Research graduate program at Barclays, there are a number of great resources that our dedicated Graduate Development team provides to support your career development and success.
What can you expect? Watch Marni from our Markets and Research
Graduate Development team explain the training, guidance and support you can
expect as a graduate at Barclays.
Ally gives us a glance at this intensive two-day event.
The Sophomore Springboard program was incredibly worthwhile, as it offered me unrestricted access to Barclays’ most valuable asset – its people. Throughout the course of the two-day program, we were given countless opportunities to converse, network and intermingle with individuals ranging from Analyst to Managing Director – all of whom had unique perspectives to offer and experiences to share.
By asking thoughtful, genuine questions and carefully processing their answers, I was quickly able to learn a great deal about the culture, market position and work environment at Barclays.
Additionally, we were afforded the opportunity to take part in a workshop hosted by Pillars of Wall Street, which is a group that specializes in concepts such as corporate valuation, financial accounting methods and Excel modeling. This workshop, coupled with a real-time trading simulation game that we participated in, helped us to a gain a deeper understanding of various responsibilities that Analysts at Barclays are expected to master. Ultimately, this early exposure to information related to valuation, accounting and the broader markets proved to be extremely advantageous when preparing for internship interviews during the fall.
I am incredibly excited to join the Barclays team this summer and look forward to learning from and working alongside some of the brightest minds in business. Since attending the Sophomore Springboard program, I have been profoundly impressed by the firm’s continued efforts to get to know more about me as a unique individual. I believe that this speaks volumes to the culture at Barclays – a culture that I am proud to be joining.
Participant Ricky shares his experience on how the program prepared him for interviews and internship recruitment.
As a sophomore gearing up for a career in Banking or Markets, I was in the thick of preparing for fall recruitment. My approach to recruitment was to think thoughtfully about where I saw myself fitting in and succeeding in what is typically characterized as an incredibly rewarding but equally demanding career path.
During my spring semester the opportunity to attend the Barclays' Sophomore Springboard Program presented itself to me. The program stood out from the other sophomore programs that I attended and played a key role in my decision to accept an internship offer within the Investment Banking Practice at Barclays.
The program’s sole aim is to create a space where participants simultaneously gain an understanding of the business as well as what makes Barclays’ culture so great. The program culminates in a rich experience because it provides valuable Analyst skills training as well as networking opportunities to meet Barclays employees across all parts of the investment bank.
By the end of the program, you come away with a strong skill set necessary for Analyst success and a strong network of people at Barclays who will help you navigate internship recruitment.
Broadly speaking, the recruitment process at investment banks is a difficult one, as questions of culture, fit and preparedness can be overwhelming at times. This program was an incredible leg up because it clarifies and answers the question “Why Barclays?” The Sophomore Springboard program demonstrated that Barclays has both a strong willingness to invest in young talent and employs people who were unequivocally the most helpful and invested in my success throughout my internship search.
Because of the valuable skills training and network that I gained as a Springboard participant, I feel confident and excited to tackle the unique learning opportunities at Barclays when I intern this summer. Reflecting on my Springboard experience, I strongly urge that future applicants take advantage of this rewarding experience.
The Barclays team of bankers working with Brooklyn Workforce Innovations have an update on all the progress they’ve made on their pro bono project.
Liz here from EFS Solutions, reporting on how our team’s pro bono project is progressing. The last few weeks have been dedicated to a combination of research, market analysis and producing our deliverables for the non-profit job training program, Brooklyn Woods (BWI). If you remember from my last post, our areas of focus were market research, as well as a bathroom vanity pricing model and exploring optimal production numbers.
Brooklyn Woods connected the team with several of their key clients to share perspective on the industry and non-profit. While each member of my team is focusing on different areas, this dialogue and client insight was helpful to all of us. These calls not only helped us understand how client relationships form in this specific industry and how the pricing and bidding for jobs occur, but also how Brooklyn Woods fits in to each client’s business model in terms of production goals and strategy.
Clients gave us feedback on the business relationship, and the amount of work BWI had done with them compared to other supply partners. These insights gave us an idea of market opportunity and production volumes, in terms of the typical number of projects completed. We’re using this information to anticipate the number of projects BWI will do in the upcoming year. This is important because it will help the program develop their own business plan and future pipeline to allow for stable and consistent project, staffing and cash flows. This is helpful to them because it will allow them to plan ahead to ensure they have sufficient timing and staff and are using their resources efficiently. Additionally, this will allow them to adapt quickly in the event of project changes, capacity constraints and other things.
For my market opportunity analysis, I found the quantitative data more relevant, whereas other group members focusing on Brooklyn Wood’s marketing efforts found the relationship development and client feedback to be the most helpful. These client calls also reinforced something important the group already knew – Brooklyn Woods is a truly unique business that produces high quality products and has a meaningful social impact on its community that resonates with clients.
Separately, our group also spent time catching up one-on-one with Brooklyn Woods to share our findings, discuss follow ups and receive feedback on how the deliverables were coming together. These meetings ensure we deliver what we promised in the most useful way possible. Also, given that my fellow project members and I were all focused on more individual work, we continued to catch up weekly with each other to stay on target and provide updates on our respective topics.
As we progress in the project, it’s been rewarding to see individual pieces of work coming together. While we have been working independently, each person’s work is a piece of the puzzle that forms the deliverable that we promised. Each piece is important, but together they form the whole picture and become more powerful. For instance, the pricing model by itself will be a valuable tool for BWI in accurately and appropriately pricing their products. Additionally, the market research and analysis is helpful to determine how much opportunity exists in the market, and how much of that business BWI can reasonably capture. When you bring the pricing model and the market research together, BWI can make an informed and efficient decision about the type of business it makes sense to compete for and spend time on, while considering costs and capacity constraints. As we move into the final phase of our project, it is exciting to see everything come together and how our work with Brooklyn Woods can make an impact on both their business and the community.
New joiner Deesha is making her mark on Barclays through the Emerge employee network’s new reverse mentoring program.
My name is Deesha, and I’m a Human Resources Analyst. I first learned about Emerge, Barclays’ multigenerational employee network, when I was a summer intern in 2015. I attended the network’s launch event that summer, and immediately knew I would want to be more involved with this network when I joined Barclays full-time. It didn’t take long! During my first month as a Graduate, I was approached by one of the Emerge Steering Committee members to assist with the Reverse Mentoring Program that was rolling out in October.
The purpose of the Reverse Mentoring Program is to foster professional relationships between junior and senior level employees. Unlike traditional mentoring programs, this program aims to foster a two-way relationship which can help senior employees (the mentees) understand the perspectives of junior employees (the mentors), and vice versa. Additionally, this program is a great way for individuals to connect with others who they may not necessarily interact with on an everyday basis. Not only did I sign up to be a mentor in this program, but I have also signed up to be a Reverse Mentoring Ambassador and I helped coordinate the Reverse Mentoring launch event.
In preparation for the Reverse Mentoring launch event, I led weekly meetings ensuring that all logistics were in order. I helped create an engaging activity that was used during the launch event, attracting event attendees to participate in this initiative.
Ultimately, our launch event was a success - we had a phenomenal turnout and over 200 individuals signed up to either be a mentor or a mentee! Individuals who signed up ranged from Analyst to Managing Director, and come from divisions including Banking, Markets, Research, Risk, Audit, Finance, Tax, Treasury, Compliance, Technology and Human Resources.
As a Reverse Mentoring Ambassador going forward, I am in charge of overseeing mentor/mentee relationships throughout the course of the program, and will have regular check-ins with each pair of mentors and mentees to ensure that the program is constantly being enhanced and improved.
As someone who has been a full-time employee at Barclays for only three and a half months, I feel like I have been able to make a significant impact. Being a part of the Emerge network has been a rewarding experience and has shown me that Barclays is constantly striving to create an interactive culture amongst employees of all levels. I am excited to see the Reverse Mentoring Program continue in action, and how it will engage current and future leaders of the firm.
Multiple offers?! Good for you! Now what? Here's how to handle it.
It’s nearly the end of interview season and you may suddenly find yourself in the enviable position of receiving multiple job offers. This can be both a blessing and a curse. On the one hand you’ll feel like the king of the world, completely validated as a sought-after future superstar. On the other hand you may find yourself on the verge of an anxiety attack as you try to pick between them.
Lucky for you, we have quite a bit of experience helping people navigate this decision. Here are our collective dos and don’ts when it comes to navigating multiple offers, which we hope will help you avoid the anxiety attack!
Good luck making your decision! If a Barclays
offer is among those you’re deciding between, you might want to check out our internship
roadmap, this video about what
the culture is like here or this video about all the support
you’ll get as a summer intern.
Program Manager Petra lays out what you can expect.
Your first job out of college should be exciting and impactful, set you up with lots of skills for your future, help you build a powerful network, offer you robust development and promotion opportunities and make you feel supported. We could go on. You may be wondering where you will find a job like that?
When you sign on to join the Functions and
Technology graduate program at Barclays, you’ll get all that and more, thanks
in large part to our dedicated Graduate Program Management team. Petra, one of
our Program Mangers, lays out what your experience in the Functions and
Technology program will be like.
A team of bankers is helping Brooklyn Workforce Innovations secure the future of its Brooklyn Woods skills training program.
A team of bankers is helping Brooklyn Workforce Innovations secure the future of its Brooklyn Woods skills training program. One of our graduates, Elizabeth, explains what she’s involved in:
"My name is Elizabeth, and I grew up in Westfield, New Jersey and Breezy Point, New York. I am a graduate of the University of Richmond (Go Spiders!), and have worked at Barclays for over five years in our Equity and Structured Funds group. I’m part of a team of five bankers who are helping a nonprofit over the next 12 weeks.
While many of us are involved in citizenship and philanthropy initiatives through Barclays, none of us had ever heard of a program quite like the Barclays/Tap Root Pro Bono Program. The program connects Barclays’ employees with nonprofits that are facing critical capacity-building challenges in the areas of financial management and strategy. For the purpose of this challenge, the Barclays teams are working specifically with nonprofits that support local workforce development. My teammates and I found this inspiring right off the bat because we wanted to give back and empower the communities around us to thrive. While there are many ways to contribute to society, it is not often that you can actively help those in your very own backyard on a large scale, and see your collaborative work directly impact your community. So while most of our team had not met before, we were immediately bonded together by this shared passion. Over the course of the next 12 weeks, we will jump into the deep end and get to know our nonprofit – and each other.
My team is paired with Brooklyn Workforce Innovations (BWI), a nonprofit that provides skills training for unemployed and underemployed New York City residents. BWI has a number of programs, but we are concentrating our efforts on their Brooklyn Woods skills training. Brooklyn Woods offers a seven week full-time course in woodworking that prepares students for entry level jobs in custom woodworking, cabinetmaking and fabrication.
After chatting on an initial introduction call and at our kick off meeting at the Pro Bono Program’s launch event, our team and Brooklyn Woods agreed that we would focus on market research of bathroom vanities, as well as a vanity pricing model and exploring what their optimal production numbers should be. By providing them with this information, we hope that they will be able to better position themselves as a business in the vanity market, and perhaps expand the types of construction projects they do. This will increase their efficiency, and maximize the impact of their community outreach by creating a more sustainable business model. While no one on the team is an expert in woodworking, we are able to utilize our financial analysis and research skills to tackle the critical challenges Brooklyn Woods is facing. I think it’s safe to say we are all a bit out of our comfort zones! Luckily, we have great partners at our nonprofit that we can count on to explain everything from their financials to what a bathroom vanity actually is.
At the end of the 12 weeks, our team hopes that
by providing Brooklyn Woods with the tools to optimize their pricing models and
production outputs, they will be able to maximize their services to the
community. For the Barclays folks, we are all already grateful for the new
networks we have found through this project and the unique opportunity to use
the skills from our day jobs to positively impact our communities."
Start your career at a place that offers more insight, more support and more opportunity.
As you research your career options in financial services, you’ll come across the term “bulge bracket”. What does it mean and why should it matter to you?
Bulge bracket describes multi-national banks that work with large institutions, corporations and governments. Offering the full range of investment banking services, these are typically big-name banks that have been around for years – if not centuries. Barclays, founded 326 years ago, is one of them.
Alongside the bulge bracket are a range of other independent banks, specialist boutique operations and private equity firms. These smaller businesses can look appealing to new graduates and MBAs, but it’s important to understand that the bulge bracket offers many opportunities for you to make your mark.
From a wider career perspective, gaining access to a variety of clients early on will give you the very best chance of success when starting out. And there’s no better place to experience this within financial services than at a bulge bracket bank. First, you’ll be exposed to a variety of products, services and industries. Second, no matter which division you work in, you’ll be at the center of global commerce, working on some of the biggest deals in banking, the broadest research coverage across asset classes or making markets on any one of dozens of sales and trading desks. This kind of breadth will offer you an end-to-end insight you won’t necessarily get in a smaller firm.
What’s more, bulge bracket banks’ success comes from the contributions of hundreds of people every day – not just one or two “superstars”. The focus is on delivering for our clients through teamwork and collaboration, meaning more exposure for you from day one.
All careers in investment banking begin with an
intensive period of learning. In the bulge bracket, companies offer a
structured induction and training program, lasting up to seven weeks in some
places (like Barclays Banking division!). This equips you with a broad
framework in which to fit your future experience.
You can think of this initial
training as a second university. You join with a class of peers, some of whom
may become lifelong business contacts and even close friends because of the special
bond formed during those first weeks together. The extensive network you build during
training and throughout your early years at a bulge bracket bank could sustain
you for the rest of your career, constantly exposing you to new opportunities
and giving you the support you need to get ahead.
Another perk, which you’ll find at Barclays but not
necessarily all other bulge bracket banks, is a team of graduate development
specialists who are there to ensure you have everything you need to get your
career off to a great start.
Bulge bracket businesses have well-established ways of
operating, but is it difficult to get noticed when you work for a much bigger
company? Not at all, and here’s why.
At a bulge bracket business, you’ll have all the
resources behind you that you need to succeed. Fresh out of university or
business school, you might struggle by yourself to attract the attention of a
client CEO to view your creative ideas.
What’s more, building your pitches, models and materials for clients
from scratch is hugely time-consuming. But at larger banks you’ll be able to
draw on the research, analysis and senior expertise you need to make a fully
For example, imagine wanting to make a deal for a power
and utilities client in Spain. You need
industry expertise, knowledge of local legislation, business practices and
cultural insights, as well as product capabilities. Larger firms can quickly
bring different local and global specialists together to address all these
needs, creating a ‘dream team’ almost overnight.
What’s more, with extensive support teams who help you
with things like industry and company research, travel arrangements and
formatting presentations, you’re given more time to focus on what you do best:
coming up with brilliant solutions for clients.
Another great thing about the bulge bracket banks’ size and scope is the potential for a long-term career within the organization. At Barclays, we train people to be the best in the industry and then promote them to leadership positions within our firm. Advancing from Analyst or Associate to Managing Director, Group Head or even higher happens regularly – just look at the biographies of many of our leaders.
In a bulge bracket bank, this career progression
doesn’t have to be in one business unit either. The breadth of products and
services on offer means you can reinvent your career as many times as you want
to, moving between different areas and even different countries to build
experience and find your niche. What’s more, you don’t have to wait until you
have an important title to make moves like this. At Barclays we offer a range
of mobility options to graduates, meaning you can fashion your own career path
from the very start.
The sheer number of places
available in the bulge bracket means more graduates join the big players – and
there are good reasons to do so. Bulge bracket banks like Barclays are planning
for the next generation of leadership, so you can be sure your talents won’t be
overlooked. It makes them an ideal place to develop your career.
To find your place at Barclays, check out all the businesses that hire interns and graduates.
Numbers are important, but the story they tell is more important.
Modeling. Valuation. Cash flow analysis. This kind of math features daily in an investment banker’s job. But the numbers aren’t everything. Your interpretation of those figures against the context of a particular industry or geography or set of circumstances is what makes those numbers important – and what makes you so valuable to your clients. Chad, a Managing Director, and Skylar, an Analyst, explain the importance of numbers and interpretation in this video.
Ashley has interned with Barclays for two summers. Let her experiences help you find the division with the right fit.
can be a struggle to choose between starting your career in investment banking
or sales and trading. Trust me, I’ve been there. At Barclays, I had the
opportunity to experience a summer internship in Sales and Trading (S&T) as
well as Banking. One experience was not better than the other, they were merely
different. When deciding between the two divisions it was important for me to
reflect on my strengths and the way I
like to work. This allowed me to determine which division was the better fit
for me personally. I want to tell you a
bit my experiences so that I can hopefully help you evaluate the options for
In S&T, things move at a very quick pace. If you are energetic and enjoy a fast environment, this pace can make things exciting. Everything you're doing is connected to the market, so you always know what is going on in the world. Your daily decisions depend directly upon what is happening in the market, which corresponds extremely close to the daily events you read about in the morning paper. Typically, the mornings start anywhere between 5:00am-7:00am and are packed full until around 5:00pm-7:00pm. It’s important that you are able to multi-task and think on your feet because you will often be working on various things. The open layout of the trading floor encourages a lot of interaction with the people around you. For me, one of the best things about S&T is this open, flat structure – a senior Managing Director can be sitting directly next to a first year Analyst.
In Banking the work tends to be more project-based. Therefore, the pace of a day is slower. I like to think of it as a marathon, rather than a sprint. You will often be working on your projects over the course of a few weeks as opposed to checking them off of your to-do list at the end of the day. In Banking you are still aware of what is going on in the world, but moment-to-moment market fluctuations have less significance on your current project. This is because you are working on a deal that may take months to develop. Therefore, larger macro trends affect your work rather than day-to-day movements. Also, the content of your work will be much more related to the industry your group covers, and the understanding of a specific company’s needs and finances. The work space is structured in a way that makes the environment much quieter and a bit less interactive. People will often have their own work spaces rather than sitting at a desk on an open floor plan.
If after reading these descriptions you identify with one division more, then you just might have your answer! If you are still having trouble, try to think about what your priorities are for your work and decide which of the two meet more of your top priorities. Trust yourself - you won’t make the wrong choice.
Megan has experienced several areas of HR through the Analyst rotation program.
"I studied Human Development as an undergrad, with a minor in Law and Society, which got me interested in the dynamic between employees and the corporate environment. I decided to apply to HR internships during my Junior year because I thought it would be a versatile analyst role, one that gave the opportunity to learn about so many different areas – recruiting, strategy, employment law, diversity, organizational behavior, and more. I interned at Barclays in 2014 and came on as a graduate the next summer.
Taking part in a rotational program gives you exposure to a number of complex and interrelated roles, which I believe makes for a well rounded analyst. Especially in HR, it’s an amazing opportunity to gain a greater understanding of the function as a whole and how the various teams interact.
As a grad, I’ve rotated through the HR Business Partner role for Functions, Campus Recruiting, and Reward Governance. I also interned on the Employee Relations team. All of the roles are completely different, which has challenged me to adapt quickly and pushed me outside of my comfort zone.
Being an HR Grad at Barclays has given me a foundation for understanding how the firm operates from the ground up, and has challenged me to think in new and creative ways – whether it be finding a solution for the business, analyzing compensation data, or hosting an interview superday for college students.
I would recommend a rotational program to anyone interested in trying on different roles before settling into a final seat. In exploring rotational programs, be sure to consider the length of the program, the number of rotations, and options for placements. Further, keep an open mind about the options available to you in the program. Even if you aren’t inherently interested in all of the areas, they may offer valuable skill sets that you’ll need later on in your career. Ultimately, I think the most valuable aspect of rotating is the opportunity to evaluate what you are most passionate about and to use that knowledge to determine where you want your career to go in the long-term."
Our employees tell you in their own words.
Cultural fit with your future employer is very important, and we are often asked what our culture is like. The trouble is that culture can be tough to describe, since it is made of all the big and little interactions, ways of working and day-to-day activities each employee experiences.
Luckily when we asked our employees to describe our culture, they all said many of the same things. That it’s supportive. Friendly. A team environment. Intellectually challenging. Invested in their future. A place where they can make an impact. The list goes on.
Watch the video to hear more about our culture directly from them.
Not sure where to start with understanding the financial markets? Here are four easy steps you can take to get started.
The financial markets can be daunting if you’re just
starting to build your knowledge. A lot of factors play a role when it comes to
market movement – everything from geopolitical events to weather to a
particular company’s performance and news. While it’s common knowledge that
reading The Wall Street Journal is a
good place to start, here are four other ways to get up to speed.
And not just the WSJ as mentioned. Other industry standards include Barron’s and the Financial Times. These publications are great for building broad awareness of the markets but, depending on what you want to do, you may want to consider a deeper dive.
For example, the technology sector is of interest to many people today. Reading tech blogs like TechCrunch or Recode can help you stay up-to-date about current companies, products and events that may impact the market. You can even go a step further and research specific companies using resources like SeekingAlpha.
Whichever publications you choose, read them consistently. Even during finals. That way over time, you’ll start seeing patterns develop and can use that knowledge to formulate and test your own hypotheses.
Teaching yourself is valuable, but sometimes you need to learn from others. Take a look at what courses are offered at your college or university. Even if you’re not a finance, economics or business major, taking a finance or economics class or two is a good idea. You’ll build knowledge and be able to concretely demonstrate your interest in the subject matter when someone (like an interviewer) asks about it.
If taking a class doesn’t fit in your plans, try joining or starting an investment club on campus. These clubs often have guest speakers, training sessions, pitch competitions and more, all of which help you build your market knowledge.
The good news is that you do not need to trade actual money in order to understand the markets. Virtual trading games, like Barclays’ own Markets Insight Game, powered by Stockfuse, are a fantastic way to build knowledge, test your theses and learn from the outcomes. In the Markets Insight Game, you’re given $1 million (fake) dollars in your virtual account, which you can invest in a real-time mirror of the New York Stock Exchange.
If online games aren’t your thing, another
easy way to get involved is to “paper trade”, meaning you keep track of your
trading activity on paper. Create little buy and sell orders on post-its or in
a spreadsheet and track how you do. Either of these activities will give you
plenty to talk about at networking events and in interviews since you’ll have
had made your own buy and sell decisions (even if they weren’t real).
Experience interviewers share further advice and insights on the interview process.
Interview season is here and we’re back with more answers to
your top questions from our experienced interviewers. If you missed part 1, you
can find it here.
More often than not, interviewers are more focused on testing your ability to learn and grasp concepts than testing for specific knowledge. The strongest candidates are those who demonstrate that they can think critically when faced with a challenging situation, so show your interviewer that you are able to think on your feet. So if you hear a question you’re unfamiliar with, stay calm and approach it thoughtfully and analytically to the best of your ability. Ask for clues, think aloud and try to work through the problem with your interviewer. If you need a minute to organize your thoughts or if you think putting pen to paper will help you to respond, just let your interviewer know. The main thing you don’t want to do is just give up.
Practice! Ask friends or family, watch yourself in the mirror, or even consider videotaping yourself answering questions so that you can see how you react and how you come across. If you understand how you react when you’re nervous, you are more able to recognize it and therefore control it during your interview.
Two other tips:
There is no one right answer to this question, but how you answer telegraphs your level of interest in working for Barclays. We want to know you’ve done your research on us. That you understand what we stand for and that you can explain how you think that Barclays will be a good fit for you. There are many ways to research Barclays, including looking through our website, networking with people who work at Barclays or looking up recent articles about our firm.
You can differentiate yourself by highlighting your intellectual curiosity, initiative and judgment in the interview and recruiting process. Candidates that have depth in these areas tend to be the best performers during the internship and beyond in full-time roles with Barclays.
Thank you notes are timeless. The question is how and when to use what type of thank you note. We try to move pretty quickly with our responses after interviews, sometimes reaching students while they’re on the way home. In those cases, obviously we’ve made you the job offer and not sending a thank you note isn’t likely to change that. That said it’s a positive habit to begin early in your career. Beyond any message conveyed in the note itself, the act of sending it conveys a sense of humility, judgment and professionalism that is typically associated with highly successful professionals. While an email is fine, in some special cases where you’d like to leave a more lasting impression, a hand-written note can serve that purpose.
We wish you the best of luck on any upcoming interviews! If you still have a question, check out our hints and tips page or contact your recruiter.
Experienced interviewers reveal their advice and insight.
With interview season quickly approaching, you probably have a lot of questions about how to best prepare. So we compiled a list of frequently asked questions and posed them to our most experienced interviewers across Markets. Here are their answers to six of your burning questions.
Naturally there are various news sources you can follow to learn about the market, like The Wall Street Journal, Financial Times, The Economist and so on, but it is also worthwhile to follow various market related blogs and read more conceptual books. It helps to figure out what parts of finance interest you – if macro-level investing is exciting, focus more on FX, rates, and indices and follow the things that drive them. Conversely, if particular sectors interest you, try to deep-dive into particular companies and learn about valuation.
There are several top qualities we look for in analysts that are common across desks:
That last one is an invaluable
asset regardless of the division, team or role where you begin your
career. Whether it is spelling errors,
punctuation, trade details or anything else, by slowing down and double
checking your work you reduce the risk of mistakes that may only impact your
dinner plans, but could very well impact a multimillion-dollar sell order.
One of the first places to practice attention to detail is with your resume and any electronic correspondence you may have with the recruiting team or alumni reps at firms where you are exploring opportunities.
In short, authenticity. We want to understand what draws you to the role because we know not everyone has been trading their own personal accounts since age 8. Most students don’t know what they want to do as they enter university, and if you just recently figured out you have an interest in financial markets, that’s absolutely fine. Explain it to us. There’s probably an interesting story behind it, and as we unwrap it together in the interview, it’s going to help us best understand what drives you.
The key to preparing for any type of interview is to do your homework on what the job entails. The more you can ascertain about the job, the better idea you will have about what skills will be required and tested. Common technical skills interview questions focus on mental math, probabilities and logic. These are basic skills required in a wide range of markets-related roles.
Just remember that many times interview questions have multiple parts. Even if you don’t know how to tackle it initially, try to pick up on the key points and further apply them to later parts of the question. We aren’t just trying to figure out who has the right answers, but also who has the general thinking and learning patterns that adapt well in an ever-changing and unpredictable environment like the markets.
Our roles are very diverse, requiring varying degrees of technical and presentation skills, so don’t be surprised if you are asked to pitch a stock, write code or mathematical functions, or analyze puzzles in an interview. If programming is part of the job, you should be prepared to do it as part of the interview. Quantitative jobs require higher level math and you should expect to be tested. Being able to talk about different markets-related current events and concepts is also very important in an interview – a common way to do this is with a stock pitch. This is why understanding the job you are applying for is key so you can prepare appropriately (see the previous question and answer).
The interview process is a good opportunity for you to reflect on your potential style in the workplace. Think about what type of friend, roommate, student and sibling you are. What would someone who knows you well say are your strengths and weaknesses? It may not hurt to ask a few people this question and see how their responses correspond with what you think the answer is. The bonus: this self-reflection helps you avoid canned responses like “I stretch myself too thin,” which an interviewer has potentially heard several times already that day.
That should help get you started with prep. If you're looking for more advice, check out Part 2!
As told by Matt, a former intern and current Assistant Vice President in Equity Research at Barclays.
"I was the president of my investment club in college and always enjoyed diving deep into the companies: What products are they developing? Can the new CEO turn it around? Why is this hedge fund holding this position? Will a competitor take over market share?
These are the questions you ask every day in an Equity Research role. Your job is to take all the information out there (like press releases, company guidance and news articles), digest it and make a decision: Is this new data important and how will it affect the company? Is this worth sharing with our clients? It is pretty cool.
I interned in equity research following my junior year in college and immediately realized the job encompassed a very well-rounded skill set. I view Equity Research as the bridge between public companies and large investors. Our team is in constant communication with both, making communication skills extremely important. In addition, on the job you learn all about company valuation while updating your models to reflect all the information out there. You become an expert in an industry and learn the drivers that move the market.
Coming out of college, Equity Research is a great position that will really prepare you for anything. The teams are small (3-4 people typically) and very flat. This structure gives you a lot of responsibility right away and gives you experiences you would not find with many other jobs. My first year out of college, I was talking to important hedge fund clients that were asking my opinion on specific stocks. I was already sitting at dinners with CEOs and CFOs of Fortune 500 companies. I do not know where else I would be doing those kinds of things. That’s why my time at Barclays has been irreplaceable."
Joining our employee network for those just starting their careers is something to look forward to.
Picture this: you have made it through university, clocked
more internships than you can count, spent the summer in interviews and have
landed your FIRST job. Now the day has come, your first day at work. You walk
through the revolving door of the lobby toward the elevator, straighten your
suit, take a deep breath. Time to seize the day, right? But how? You don’t
really know anyone or how anything works.
Enter Emerge. Emerge is one of Barclays’ internal employee networks, bringing together colleagues early in their careers at Barclays or who are new to financial services. It is a platform for like minded people to team up and navigate their early careers together. The network is similar to an extracurricular at school, something to do “off the desk” to complement your day job. Emerge offers a great deal of opportunities for its members – to develop their professional and leadership skills, accelerate their careers and connect and build bridges within Barclays not only with peers, but also across generations, businesses and functions. Our members are also change agents, proactively investing in understanding the millennial workforce to help Barclays retain its young talent.
“We work in a multigenerational workforce and the truth is, each of these generations of employees is different – the way we think, express ourselves and the way we work with others. Emerge is making great strides in understanding these differences and bridging the gap. I take pride in being a part of a network of people that is proactively investing in our early careers workforce and ensuring that they are having the best possible experience at this firm,” says Jacqueline Slatky, Co-Chair of Emerge Amercias.
“Emerge has opened many doors – it has allowed me to connect with people across the organization, both peers and senior leaders from various businesses and functions; it has provided the opportunity to build leadership capabilities outside of my day job. It is no secret that all work and no play just cannot work. We can’t succeed unless we are having fun in what we are doing. This is what I enjoy most about Emerge – IT IS FUN! A great way to not only get involved, but to step away from the desk, network and attend cool events!”
Whether it is getting together for a viewing party on the first night of March madness college basketball or attending an executive panel and networking event, Emerge has much to offer its members. The Emerge team looks forward to having you join Barclays and welcomes you to join the network when you arrive!
The diversity of our colleagues helps make Barclays a great place to work.
One of CEO Jes Staley’s priorities is that Barclays be a great place to work. Having an inclusive environment where diverse employees can contribute their unique ideas and skills is a huge part of that. Listen to what Jes has to say about where Barclays stands on diversity and what we’re doing to ensure inclusion for all.
Forge your own career path with our Banking mobility options.
Gone are the days of 40-year-long careers in one department of a single company. And while Barclays can still offer that kind of opportunity, we understand that not everyone is looking for that. That’s why we’ve given a lot of thought to the way our graduates want to construct their careers and offer options so they can get the breadth of experience and exposure they want. Watch Skylar, a Banking Analyst at Barclays, describe the career path options open to her and her fellow Banking colleagues.
Banking Analyst Advai offers advice as you prepare for interviews.
interview season swiftly approaching, it's time to start preparing. Advai, a Banking Analyst in our Technology, Communications and Telecomm team, has two pieces of advice on how best to prepare.
A personal message from our CEO.
It’s not every day that the CEO of a Fortune Global 500 company takes time to record a personal message for candidates, but ours did. Check out what Jes has to say about why you should consider joining Barclays, and the type of people we’re looking for.
2017 internship applications open August 1. Here are a few tips from us as you prepare to apply.
Starting August 1, we’re accepting applications for our 2017 summer internship programs. A few things to note as you prepare to apply.
1. We accept just one application across the globe
That’s right, just one. Use this website to do some research on all the programs we offer, both in the Americas and beyond, before you apply. That way you’ll find the role that’s right for you and be confident in your choice when you do submit your application.
2. Cover letters are optional
We know cover letters take a long time to prepare, which is why we make them optional. If you spend time getting your resume to tell your story, then it can do the cover letter’s job as well.
3. The application will take 20-30 minutes to complete
Make sure you allow yourself enough time to fill out the complete application. It will be helpful to have an electronic copy of your resume on hand so you can copy and paste the relevant parts into the application. Please do attach a complete document version of your resume (including contact details, education, etc.) to your online application too!
4. It will be easiest to apply from a computer
Our application system is mobile-friendly, but given the amount of information you’ll need to enter, we recommend using a desktop or laptop computer to apply rather than a mobile device or tablet. Plus you’ll need to attach your resume, which you might not have handy on your mobile device.
There's more to training at Barclays than what you might expect. See how our graduates are learning to be social innovators.
You might think that a company like Barclays offers primarily hard skills training to our graduates, covering topics like Excel, modeling, valuation and so on. While those skills are important to our work and part of what we offer in our training programs, they aren’t the only skills we help our graduates build. As they advance in their careers, being able to identify and create solutions for clients that also benefit society are key.
That’s why we designed training to unlock our graduates’ potential as social innovators. 100 Banking Associate promotes recently spent half a day at Rise, our open innovation co-working space in New York, collaborating on potential solutions for three very real social challenges.
Using their own knowledge and a “tech toolkit” that included the internet of things, blockchain, virtual reality, drones and crowdfunding, the teams came up with different ways Barclays could potentially address these societal challenges. Just as importantly, they gained new skills and expanded their ways of thinking, opening their eyes to the type of societal impact they can have through their work here at Barclays. As Jack, an Associate based in our London office, said, it was a brilliant day.
You've been told countless times the key to professional bliss is to follow your passions – and your passions are an extension of your personality. So, just what career options are ideal for someone with your unique mix of skills and traits? Are you...
Explore career options at Barclays
What do we mean when we say we have opportunities in "Group Functions?" This post explains.
“Group Functions”. “Shared Services”. “Corporate”. What exactly are we talking about? Searching for the perfect place to start your career is hard enough without having to decipher what each company means by these terms. While we can’t speak for anyone else, here’s what Group Functions at Barclays covers when it comes to internship and full-time graduate opportunities in the US.
It will come as no surprise that the global financial services industry is quite complex, and has similarly complex global and local regulation to govern it. At Barclays we have global, regional and division-specific Compliance teams who guide their partners in the business through the evolving world of regulations. This often means establishing policies, procedures and trainings that ultimately help protect the bank’s reputation.
As a Compliance team member, you could have a hand not only in shaping Barclays’ internal activities in this area, but also possibly the way these regulations are written. Check out Matt’s story to see the kind of impact you could have.
Finance and Treasury
Running a large company like Barclays requires outstanding Finance and Treasury teams that keep things running smoothly. Our Finance team keeps Barclays’ financial records, providing flawless accounting, advisory and reporting services for all business areas. The Treasury team focuses on sustainable value for the company by carefully balancing the supply and demand of money and capital among client, customer and company needs.
In our Finance program, you’ll work on intellectually challenging projects that help our senior leaders make decisions and keep our stakeholders informed. Alena loves this part of her role as a Finance graduate.
Our industry is a competitive one, so it’s important that Barclays is a great place to build a career. That’s where our Human Resources (HR) team comes in. Together with senior management, HR creates and aligns people strategies with the needs of the organization, keeping Barclays’ employees at the heart of all they do. This team supports employees with everything from being hired to retiring, and anything that may happen along the way.
Our HR analysts dive in to meaty projects, like the talent review Kevin worked on, and crucial day-to-day tasks, like managing training offerings as part of a global team like Eileen. Whatever you work on will help make Barclays a place people love to work.
With our large Banking and Markets businesses running at full steam, our Market Risk team plays a crucial role in ensuring we’re well positioned from a capital standpoint to handle any volatility in our trading book positions, banking book balance sheets and other company commitments. On a daily basis, the Market Risk team identifies and assesses these risks, using that knowledge to determine the best way to handle each risk. The team doesn’t stop there though. They also monitor how effective our actions and changes to the risk profile are to make sure we’re always in balance.
Market Risk team members use their quantitative skills to model various scenarios and their communication skills to deliver that information to senior leaders and other stakeholders. Ei Yin has this kind of impact every day in her role.
Intrigued? Learn more about each of these divisions on the Group Functions page.
Take a glimpse into our biggest event of the summer internship program.
The start of summer is always an exciting time at Barclays because hundreds of new students join us for their 10-week intern experience. To get their summer off on the right foot, we held our annual welcome event on the floor of the Barclays Center in Brooklyn, bringing together our interns and hundreds of full-time Barclays colleagues for an evening of mingling and fun. Check out the video to get a sense of what you’ll experience as an intern at Barclays.
Internal opportunities and great colleagues keep David progressing at Barclays.
As a senior in college, I was searching for a position that would allow me to work with a team of smart, driven people on impactful work that was both quantitatively and qualitatively challenging. After a long search, I decided to join Barclays as an analyst in Leveraged Finance.
In that role, I specialized in helping companies in the healthcare industry. I had an incredible experience working on non-investment grade debt transactions in support of corporate M&A, sponsor leveraged buyouts and general refinancings. My colleagues, analysts to MDs, were all extremely experienced and approachable. I saw Barclays-led transactions on TV and in the newspapers. I was constantly challenged and developed a finance skill-set. The position checked all the “required” boxes.
Two years into my analyst stint, however, I wanted to try something new but still had the same position priorities – work with a team of smart, driven people on impactful work that was both quantitatively and qualitatively challenging. A few of my peers who felt similarly left Barclays to join other investment banks, switch to the buy-side or choose different paths altogether.
I chose to look internally because I knew that anywhere I looked in the firm, I would find great people and demanding projects. The only question I had was, what type of impact did I want to have?
Nine months ago I decided to rotate into the Social Innovation Facility (SIF) – a group created to support and accelerate the development of new Barclays products and services that deliver a sustainable commercial return and an ongoing social impact. My impact changed from financing corporate M&A to providing loan guarantees for smallholder farmers in Africa and financing new credit card products for underserved populations.
Additionally, I was able to work with Barclays’ Citizenship team on shaping and implementing the Shared Growth Ambition, a strategy focused on supporting access to a prosperous future through financing, employment, and financial and digital empowerment. My rotation has been another incredible experience, although vastly different from my time as a Leveraged Finance analyst.
At 25, I expect that my interests and passions will continue to evolve, but I know that Barclays has incredible opportunities to fulfill them.
Applying deep expertise across sectors, regions and products, investment banking teams create customized, sophisticated strategies to help clients achieve their goals. But who are these teams? And what part does each play? Here’s a quick overview.
Coverage groups (also known as industry groups) cover clients in a specific industry. At Barclays, these groups are collectively known as Corporate Finance Mergers & Acquisitions.
Work on all types of transactions for clients in one industry. You could specialize in any one of our coverage areas, which range from Consumer Retail and Financial Institutions to Power & Utilities and Real Estate.
Not tied to the markets so arrival is based on project demands and workload.Industry focused.Based in a larger group. Contribute critical industry themes and information to a pitch.Manage the lifecycle of each deal you work on from start to finish.
Go for Coverage if you want to:
Master the competitive landscape of a specific industry sector.
Product groups specialize in delivering specific types of transactions for clients. At Barclays, these groups are collectively known as Global Finance & Risk Solutions.
Build expertise in specific products for clients in a range of industries. Depending on the group you join, you could work on transactions like debt issuance, initial public offerings, restructurings, share repurchases, leveraged buyouts, securitizations and more.
Work correlated to the markets so hours are primarily driven by the market.Product focused.Based in a smaller group. Contribute critical product-related elements of a pitch. Track multiple live deals day-to-day.
Go for Product if you want to:
Build market expertise while structuring and executing deals for a range of businesses.
We have whole teams dedicated to help you succeed at Barclays.
Summer Analyst Cadmiel knew that his colleagues at Barclays would be helpful, but he didn't realize that there are entire teams dedicated to helping him put his best foot forward. He's here to tell you about them.
We’re here to debunk one of the greatest misconceptions about working in our industry.
Think back to your last math class. All those equations and problem sets! Remember Calculus 101 with functions, limits and derivatives? How about Statistics, where you grappled with indexes, standard deviations and regression analysis? You’re shuddering just thinking about it.
Does that mean you should cross a career in the financial services sector off your list? Definitely not! Think about it: the financial services sector is enormous, employing millions of people. A company like Barclays employs around 130,000 people alone, and you can bet that not all of them are finance or math majors.
A company like Barclays has a lot more to offer than you might initially expect. To run a business as global and large as ours, you need people with all sorts of skills and backgrounds. Sure, we have (and need) our fair share of math whizzes, but they’re only part of the equation.
You’re a people person? What about Human Resources? You’re intrigued by the interaction between the law, politics and business? You should check out Compliance. Love to code? We need the very best tech talent to keep our business competitive. Are you psyched when your professor assigns a research paper? Equity Research or Credit Research might be right up your alley.
These are just a few of the opportunities we have to offer. Oh, and did we mention that most of our internship and full-time graduate programs don’t require a math, finance or business major?
The lesson here? Financial services is a good
industry to consider, no matter your interests. So look around this site! You
might find exactly what you’re looking for.
Professionals in Sales and Trading work closely together. They sit with each other. They share information constantly. And they’re always pooling ideas on possible trades. But their roles are quite different. Here’s how:
In Sales, the focus is on clients. That means organizations with a lot of capital to invest, like pension funds, insurance companies, hedge funds and central banks. Salespeople match our products and services to clients’ needs.
In Trading, the focus is on making markets and managing risk to benefit both Barclays and our clients. Traders build deep expertise in specific products and the risks that go with them, then propose and execute trades for their clients.
Salespeople excel at:
Traders excel at:
Salespeople write market commentary to bring clients up to speed on developments. Analyze new market information as it emerges and update clients. Take client calls and answer their questions. Read the latest research or formulate trade ideas to pitch to clients.
Traders meet colleagues toreview positions and risks. Call clients to share views on the market and potential trade ideas. Manage risks, price trades, follow the market and news looking for new trade ideas. Review positions after market close.
Salespeople are often out entertaining clients after the markets close – maybe at a group fitness class, in a restaurant or at a sporting event.
Traders are involved in some client entertainment, but are also likely to be following news and email after hours to see what’s happening in the global markets or messaging colleagues overseas.
Salespeople sit next to senior colleagues and get hands-on experience right away. Soak up market, research and product information. Support experienced salespeople with client requests.Deal with clients directly and build a client portfolio. Deepen client relationships through proactive and differentiated support.
Traders start out in a support role learning about the products, processes and pricing. Shadow a senior trader, learning by doing. Carry out trades under a senior trader’s direction. Take responsibility for small trades. Step up to larger live trades with profit and loss responsibility.
Work closely with clients, other traders and salespeople, research analysts and executives at every stage.
You might be surprised by what the industry has to offer.
Are you considering a career in financial services but aren’t totally
convinced it’s a good fit? Or maybe the idea has yet to even cross your mind? To
help you make the best decision, we have highlighted three great reasons to work
in our industry. Take a look – you might be surprised by what the industry has
1. An industry that’s here to
The financial services sector provides essential services that keep the
global economy running. In this industry, you’ll be playing a vital role in
helping people, businesses and countries grow and prosper. After all, nearly everyone
relies on financial services to some degree – it’s an industry that truly makes
a major global impact.
2. The business of game-changing innovations
Can you think back to a time before debit cards, ATMs or online trading platforms? It’s hard, right? They’ve become such a staple of our daily lives that it’s difficult to comprehend what life was like without them.
It’s often said that change is the only constant, and that’s true in
this industry. The financial technology novelties of today, like
cryptocurrencies, blockchain and crowdfunding, will likely be the ‘new normal’
By working in this industry, you will experience first-hand the power of
new innovation, both in the near future and down the road. You can be part of
the team that collaborates on the next big thing, helping your clients and your
company stay ahead of the game.
3. Build skills that will last
Companies in this industry have a strong track record of making employee
development a priority, something you won’t find everywhere. When you first
start out, most financial services companies will offer several weeks of
training, plus hundreds of courses on every technical and professional topic related
to your job that you can think of once you’ve started working.
At your desk, you’ll pick up both hard and soft skills, like how to use
data to make major decisions and how to manage projects end-to-end. Client
exposure early on is common, so you’ll quickly learn to get comfortable
presenting your points effectively and persuasively. You’ll also learn
attention to detail, the value of working in teams and how to manage both up
With this toolkit, you’ll have everything you need to make rapid
progress in the early stages of your career, finding new and exciting projects
to work on all the time.
We hope these reasons have given you food for thought. Ask some people who work in financial services for their reasons
too. Soon, you’ll be able to come to your own conclusion about whether
this is the industry for you. If you decide it is, Barclays has plenty of
opportunities you should consider. You can find them all on this website so
take a look around!
In investment banking, there is no shortage of challenging, thought-provoking, high impact work to be done.
you’re going to spend 40+ hours per week at your job, you want to be doing
something you like. Something that has an impact and inspires you to give your
all. In investment banking, there is no shortage of challenging, thought-provoking,
high impact work to be done. Every banker, from the new Analyst to the seasoned
Managing Director, plays a role in deals that impact their clients’ futures, as
well as the market in general.
Watch the video to hear Chad and Skylar, both bankers in our Global Finance Advisory team, tell you about what they do for clients.
Sales & Trading Analyst Natasha suggests building these three skills at school or in your summer internship.
A number of simple seeming practices distinguish outstanding summer interns from the pack: attention to detail, awareness of the market and good note taking skills. Here’s Natasha, a first year Sales & Trading Analyst and former intern, with advice on how you can leverage classes (or your internship) to make these practices part of your routine.
Banking Analyst Andrew's advice for you.
We bet you’re looking
forward to a well-deserved summer break. After taking a little time for
yourself, remember the Barclays team is still available to help you prepare for
your career! Andrew, a third year Banking Analyst and former intern, has some
advice for you on how to proactively stay in touch even while you’re not on
campus. Watch and learn.
Taking a company public is one of the most exciting transactions an investment banker works on. How does it work?
Taking a company public is one of the most exciting transactions an investment banker works on. Your client comes to you and says they’re ready to take that step, or you approach them because you think it’s time. But what exactly happens? Some calculations followed by ringing the bell at the NYSE? Not exactly.
Here’s Marco Valla, Co-Head of Barclays Consumer Retail Banking, to explain the process step by step.
Learn about our business, culture and values. Start building the skills you’ll need to succeed. Familiarize yourself with your new workspace.
Get to know your team, manager and work environment. Understand short- and long-term team objectives. Dive in to work.
Hosted by one of our senior leaders, this event helps you start building relationships across the firm.
Socialize with your new colleagues at a fun, informal event.
From day one, look at every conversation as an opportunity to learn, grow and expand your network of Barclays professionals.
Connect with your junior and senior mentors at events and meetings.
Immerse yourself in your work. Continue to learn about your clients and projects. Build essential professional and personal skills.
Formal review ensuring we’re on the right track and you are too. Common performance objectives:
Learn and grow by taking advantage of the many resources Barclays provides during your internship.
Incorporate performance feedback. Attend events tailored to you. Bond with your colleagues at networking events.
Operate at an advanced level. Showcase a commitment to learning and growing. Build your reputation as a proactive contributor.
Give back to the local community through one of our citizenship volunteer programs.
Have your final performance review. Wrap up your projects. Exchange contact details. Hopefully receive a full-time offer.