In the last editions, IE University students have been selected for numerous Spring Weeks, including those at Goldman Sachs, Nomura, Macquarie, JP Morgan, Blackstone, Deutsche Bank, or Bank of America Merrill Lynch, among others.
In the last years, renowned financial firms have increasingly been looking to find top talent at a very early stage, and have been organizing ‘Spring Insight Weeks’ at London headquarters, to attract excellent students who are still two years away from graduation and are interested in pursuing a career in finance.
These highly competitive ‘weeks’ include training, networking, firm overview and are used by top banks as recruitment initiatives for their very selective Summer Internships, which students usually pursue the summer of their penultimate year.
In the last editions, IE University students have been selected for numerous Spring Weeks, including those at Goldman Sachs, Nomura, Macquarie, JP Morgan, Blackstone, Deutsche Bank, or Bank of America Merrill Lynch, among others. These experiences have served as a perfect stepping stone to further opportunities at those firms, as well as at other top international institutions.
IE University Double Bachelor in Business and International Relations student Mar Pujadas was one of the selected participants this year.
This is what she has shared with us about her experience attending Bank of America Merrill Lynch’s Spring Week in London.
-What can you tell us about the experience?
Highlights for me were being able to meet people from across the bank, from first year analysts to heads of different EMEA lines of business; it was great to gain an insight into the responsibilities you could have at different stages in your career. Hence, it was a great networking opportunity throughout the whole week.
-What did the Spring Week at BofAML consist of? How would you explain this to someone who doesn’t know what Spring Weeks are?
The Spring Week at BofAML granted participants a general overview of the bank’s lines of business and how they operate. Each participant chose two lines of business of interest to them, and they were guided around the main activities they carried out. By the end of the week you had to specify your preference, do a numerical test, and have several interviews as part of the bank’s assessment process for their Summer Internship programme
I would describe the Spring Week to students with no knowledge about it as a practical insight of what life at a bank is like. Furthermore, it facilitates a fast track application for the summer internship as well as upscaling your CV.
-How did you find out about this opportunity?
I found out about this opportunity from previous participants. Then I contacted IEU career services to build a CV and write a cover letter as required by companies for their Spring Weeks.
-How do you think your IE experience and the IE Talent & Careers team support helped you obtain this opportunity?
I think IE gave us a great advantage when explaining our understanding of the world in the interview process. The diversity at our university made it easier to give first hand insight on specific matters. For example, giving different views on the Indian economy from the perspective of your Indian friend/classmate and your own.
IE Talent & Careers team closely follow each of our cases through the different stages. From sharing details about networking events and information sessions to CV building and giving helpful advice in order to prepare for interviews and tests.
-What can you tell us about the selection process: stages, tests, interviews, etc?
As selection processes take place on a rolling basis, the sooner you apply the greater the chances of being selected. You will need to practice several tests before applying. During the telephone interviews make sure you are in a quiet and calm environment.
-What tips or advice would you give to other students looking to apply to Spring Weeks in the future?
Be aware that different banks require you to take different types of test; so prepare accordingly. For interviews be aware of what is happening in the markets and prepare a few pieces of news you find interesting and that may have impacted the bank. In addition, closely follow a deal that particular bank has recently worked on to show you are interested in and have knowledge of, their achievements.