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Thursday, August 27, 2015

The 10 companies that pay UK interns the most

We're in the midst of summer internship season, when thousands of students on university breaks try out jobs and try to impress potential future employers. Glassdoor, the anonymous employer review website, has pulled together data on the top 10 companies for intern pay in the UK. The data is based on anonymous submissions from former and current interns, and covers placements in all parts of each company. That means the figure given will be an average of what's paid across departments. The figure is given as a lump sum for the entire internship, usually around 10 weeks for many programmes. As you'd expect, most are banks, but there's a big difference between the highest and lowest paying banks on the list and, surprisingly, the highest paying location for internships isn't at a bank.10. MORGAN STANLEY Average pay: £2,800 ($4,338) Intern view: "Pros — The summer analyst program in PWM [private wealth management] is well structured and you learn a lot about the firm in the process. "Cons — Summer work isn't that exciting because you need to have certifications to work on more high-level tasks. "Advice to management — assign mentors to guide incoming analysts in team selection." via Glassdoor. 9. JPMORGAN Average pay: £2,800 ($4,338) Intern view: "Pros — Very big company, big chances to find a suitable job. The salary is good. Very powerful company so you get to know a lot of interesting stuff. "Cons — Even though company has a lot of roles it is still hard to move from one role to another, but I guess it's possible if you give it enough effort. "Advice to management — They should encourage a better mobility, and also not try to outsource the tech office and ops to cheaper locations, they loose very smart people like that." via Glassdoor. 8. CITI Average pay: £2,800 ($4,338) Intern view: "Pros — Hands on experience from the first week. Additional training in presentation skills and leadership, as well as workplace ethics, volunteering day [and] diversity. Interns get to plan the department's sports day (anything goes). Great food in the canteen. Everyone is so helpful and caring, even senior management take time out to speak to you. It helps foster an amazing work environment. "Cons — No initially training was provided at start, so work can be a bit daunting at first but it's also exciting. "Advice to Management — Didn't get to interact with the interns from other divisions. It would have been nice to have a Citi-wide intern event." via Glassdoor. See the rest of the story at Business Insider NOW WATCH: 6 mind-blowing facts about Greece's economy


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