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RANKED: The 10 highest-paying internships in Britain
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Google’s internships are prestigious — but they don’t get a mention on this list.
For most people, internships aren’t particularly glamorous — making photocopying, making coffee, desperately trying to get noticed by your boss, all on minimum wage or even less.
But at some of the top companies in Britain, it is very different.
The UK’s top tier internships offer those lucky enough to win them responsibility, stimulating work, the possibility of a full-time job — and, of course, lots and lots of money.
Using data from Glassdoor, a site for reviewing employers, we’ve ranked the 10 highest-paying internships in Britain today. As you might expect, it’s dominated by the financial industry, with monthly wages starting at the equivalent of £36,000 a year — and only going up from there.
Note: The salaries listed are average monthly base pay, in GBP. Data is taken from 2013 to today, and only companies with 10 or more intern salaries listed on Glassdoor are included. Salaries listed are for internships based in the UK; wages paid elsewhere in the world may vary.
This story was originally published by Glassdoor.
T=9. UBS: £3,045 per month
“Supportive, organised lots of different activities such as external speakers and different training to get a sense of different parts of the bank … Long working hours, quiet environment, no team activities while on the desk, difficult to maintain network contacts.”
T=9. Morgan Stanley: £3,045 per month
“The events throughout the internship to make sure you get as rich an experience as you can in those 13 weeks. The responsibility you are given as you are put on real, ongoing projects. The help you get from everyone. You’re always in the loop, you receive news about everything going on in the company and in the financial world. The HR team are lovely and are really great at getting back to you quickly and help you as much as they can … It can be so busy at times, that you feel like you don’t want to ask for help because you don’t want to bother your superiors. Some teams are so demanding, that some interns could not get their holidays when they wanted.”
8. RBC (Royal Bank of Canada): £3,125 per month
“Good management and working environment, while it all depends on which specific group you are working for, but in general, people are pretty approachable. RBC is a very buy side friendly firm and put “client first” as their main business strategy. The biggest bank in Canada, offer the best opportunity in my opinion, especially in Capital Markets … It’s a really big company so it could be difficult to know what other groups are doing.”
7. JPMorgan: £3,383 per month
“Lots of exposure to senior management so hard work recognised. Good social scene amongst fellow interns, opportunities to travel and visit other offices e.g. day trips to London and Edinburgh offices … Can be rather bureaucratic, not necessarily very easy to move around the firm – grad scheme restricts you to one division of the bank for the first few years, dealings with HR could be frustrating and lengthy.”
Bonus: In 2015, Business Insider UK shadowed a JP Morgan intern in London for a day, learning their routine and what was expected of them. Click here read about it »
6. Deutsche Bank: £3,384 per month
“Senior staff are friendly and willing to spend time meeting interns. Strong emphasis on keeping talent within the company – management seemed wiling to support staff to take up other roles within the company rather than lose the employee to a competitor.”
5. Barclays: £3,422 per month
“Good experience. wide range of work and really helpful to develop soft and technical skills. great exposure to the banking industry. challenging work so you are always learning … really busy. always on your toes and you have to be willing to work extra hours on a regular basis. high expectations as a big bank.”
4. Bank of America: £3,500 per month
An intern said:
“Great salary, amazing people, very interesting projects and a lot of flexibility within divisions. Easy to state preferences, swap between departments and contact and learn from other people … Long hours of work and very formal atmosphere. You cannot relax, you work hard all day. Very formal dress code is essential and that can get quite annoying.”
3. Nomura International: £3,675 per month
“Incredibly flat structure, super easy to approach and chat with seniors and gain valuable advice from them on any topic (be it career-progression or otherwise). Very global feel, without the stereotypical cut-throat banking environment. Great opportunities for internal mobility and many networks supporting various groups … Due to recent changes in structure, can be quite difficult to get your foot in the door. Extremely selective process.”
2. Citi: £3,706 per month
“Work culture people are amazing. Freedom to do your job in your style and system which suits you best which is great … Stress is part of the job. But you do get used to the trading floor if you are passionate about [markets].”
1. Credit Suisse: £3,806 per month
“Good work culture with a friendly environment with most teams being able to deliver while maintaining a healthy attitude aiding each other. Credit Suisse also provides many talks and opportunities for continued professional development.”
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