Undergrads rate internships - which banks did well ?

Young Guns

The top 100 undergraduate employers in the UK were announced on Tuesday by RateMyPlacement.

Using over 7,000 student reviews throughout the 2013-2014 academic year, the table ranks organisations that recruit over 15 students a year on internships or placements, vacation schemes and insights; and have at least 15 reviews on the website.

This year sees banking and financial giant, Barclays, regain its top spot of 2012 after professional services firm, Grant Thornton, moved up to first place last year. As favourites this year, Barclays received reviews averaging 8.8 out of 10, with criteria including: amount of responsibility given, whether they felt valued by colleagues, impressions of the company overall, training and development opportunities, and transferable skills gained.

Jane Clark, Global Head of Early Careers Recruitment said, 'Barclays strives to create rewarding work experiences for both internship and placement students to help them develop their careers to their full potential. We are thrilled that the investment we have made into our programmes has once again been recognised within the industry as one of the best. Being rated top by the students themselves is also a great honour for us'.

Barclays’ leading position is reflective of a general trend this year that has seen the top 10 dominated by financial firms, in contrast to 2013, which witnessed tech firms such as Microsoft and Intel rise through the ranks.

The number of opportunities offered by financial firms is well above average compared to other industries, with over 5,000 offered UK-wide next to less than 500 in insurance, asset and investment management. Additionally, the average intake of students into summer internships was one of the highest across sectors, with an average of 154 offered by each employer for summer 2014.

Retention levels are also the second highest in banking and finance, with 74 per cent staying on or being offered a new role, also well above the placement and internship industry average of 56 per cent.

Ollie Sidwell, Co-founder at RateMyPlacement.co.uk commented: 'In today’s highly competitive jobs market it is essential for students to showcase practical experience in their desired field in addition to their university qualifications. Choosing the right undergraduate employment can heavily influence future career choices and our top 100 list should really help students make the best decisions for them – as well as providing a key platform to attract promising students to the top employers.

'It’s great to see financial firms bounce back - opening up fantastic opportunities for students will attract more competition for the top spots and therefore stronger candidates to build the industry in future years.'

Emma Britton, Campus Relationship Manager at Citi, commented: 'It is fantastic for Citi to be included once again in the top 100 undergraduate employers, and to have moved up the rankings by 57 places since last year. Our undergraduate schemes are hugely important to ensuring Citi continues to attract and retain the most talented graduates and we invest a great deal in ensuring that they provide young people with a valuable and fulfilling experience. Despite our success this year, we won’t rest on our laurels and are constantly looking for ways to ensure we are able to engage and connect with talented students as effectively as possible.'

This year’s top ten (last year's position)

1: Barclays (7)

2: Bank of America Merrill Lynch (31)

3: EY (5)

4: Morgan Stanley (15)

5: PwC (4)

6: Credit Suisse (17)

7: Pinsent Masons (6)

8: Goldman Sachs (8)

9: Nabarro (21)

10: J.P. Morgan (28)

For the full 100 please visit www.ratemyplacement.co.uk/top-employers

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